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Prosperity Bancshares PB Q2 2024 earnings

Reported July 24, 2024 · Before market open

Revenue$292.8MBeat by $661.0K
EPS$1.17Miss by $0.01
Revenue estimate$292.1M
EPS estimate$1.18

Next report

Date not yet announced

Financials

Q2 2024

Income statement

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Revenue$304.8M+10.4%
Net income$111.6M+28.4%
EPS (diluted)$1.17+24.5%

Balance sheet

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Cash & equivalents$1.5B+280%
Total equity$7.3B+4.5%
Total assets$39.8B-0.4%

Cash flow

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Operating cash flow$216.5M+11.1%
CapEx$4.7M-41.6%
Free cash flow$211.8M+13.4%

Valuation & ratios

Valuation

as of 06/30/24
See full
Market cap$5.73B+8.2%
P/E13.3×+2.4×
P/S5.1×+0.4×

Profitability

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Net margin37.9%-4.4pp
FCF margin57.1%+9.8pp

Returns & leverage

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Return on equity6%-1.2pp

Versus estimates

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Questions, answered.

When did Prosperity Bancshares report Q2 2024 earnings?
Prosperity Bancshares (PB) reported Q2 2024 earnings on July 24, 2024 before market open.
What were Prosperity Bancshares's Q2 2024 revenue and EPS?
Prosperity Bancshares reported revenue of $292.8M and eps of $1.17 for Q2 2024.
Did Prosperity Bancshares beat estimates in Q2 2024?
Revenue beat the consensus estimate of $292.1M by $661.0K. EPS missed the consensus estimate of $1.18 by $0.01.
Where can I find Prosperity Bancshares's Q2 2024 SEC filings?
You can read the 10-Q periodic report (0000950170-24-092984) directly on SEC EDGAR. The filing index links above go to sec.gov.