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Prosperity Bancshares: 2Q Earnings Snapshot

July 24, 2019

HOUSTON (AP) _ Prosperity Bancshares Inc. (PB) on Wednesday reported second-quarter earnings of $82.3 million.

The bank, based in Houston, said it had earnings of $1.18 per share.

The results met Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of $1.18 per share.

The financial holding company posted revenue of $217.7 million in the period. Its revenue net of interest expense was $184.8 million, which missed Street forecasts. Six analysts surveyed by Zacks expected $186.9 million.

Prosperity Bancshares shares have risen slightly more than 8% since the beginning of the year. The stock has fallen almost 5% in the last 12 months.

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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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