Prosperity Bancshares: Q1 Earnings Snapshot

Associated Press Finance

04-23

HOUSTON (AP) — HOUSTON (AP) — Prosperity Bancshares Inc. (PB) on Wednesday reported first-quarter net income of $130.2 million.

The bank, based in Houston, said it had earnings of $1.37 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share.

The financial holding company posted revenue of $434.1 million in the period. Its revenue net of interest expense was $306.7 million, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $307.1 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PB at https://www.zacks.com/ap/PB

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(PB) on Wednesday reported first-quarter net income of $130.2 million.</p>\n<p>The bank, based in Houston, said it had earnings of $1.37 per share.</p>\n<p>The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share.</p>\n<p>The financial holding company posted revenue of $434.1 million in the period. Its revenue net of interest expense was $306.7 million, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $307.1 million.</p>\n<p>_____</p>\n<p>This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. 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