By Katherine Hamilton
Prosperity Bancshares authorized a stock buyback of 5% of its shares, it said Tuesday.
The Houston company authorized the repurchase of up to 4.8 million shares over the next year.
Prosperity is the parent company of Prosperity Bank, a personal banking company in Texas and Oklahoma. Its stock has risen 19%, to $80.24, over the past 12 months.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
January 21, 2025 17:20 ET (22:20 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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