PB

MKT CAP:$7B

Prosperity Bancshares, Inc.

Market Cap

$7B

Financial Services·Banks - Regional·🇺🇸 United States·NYSE

Financials·Banks - Regional·🇺🇸·NYSE

Stock Price

$68.66-$0.97 (-1.39%)

Apr 24, 2026

Company Details

Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides financial products and services to businesses and consumers. It accepts various deposit products, such as demand, savings, money market, and ...

CEO

David E. Zalman

IPO Date

Nov 12, 1998

Website

www.prosperitybankusa.com

Key Metrics TTM

Revenue

$1.7B

-1.6% YoY

Net Income

$543M

EPS (Diluted)

$5.73

Free Cash Flow

$529M

Revenue / Share

$18.14

Gross Margin

71.5%

Operating Margin

40.4%

Net Margin

31.7%

FCF Margin

30.8%

P/S

4.1x

P/E

12.8x

Earnings Reports

FY 2025

Feb 26, 2026

$1.7B-0.2%EPS $5.72

Q4 2025

Feb 26, 2026

$429M-2.1%EPS $1.49

Q3 2025

Nov 6, 2025

$427M-4.5%EPS $1.45

Q2 2025

Aug 7, 2025

$436M-2.5%EPS $1.42

Q1 2025

May 8, 2025

$423M+3.1%EPS $1.37

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$275M	$266M	$155M
Q2 22	$286M	$277M	$163M
Q3 22	$305M	$286M	$173M
Q4 22	$337M	$284M	$175M
Q1 23	$356M	$272M	$159M
Q2 23	$390M	$247M	$112M
Q3 23	$408M	$267M	$143M
Q4 23	$402M	$263M	$121M
Q1 24	$410M	$266M	$141M
Q2 24	$447M	$284M	$143M
Q3 24	$447M	$291M	$162M
Q4 24	$438M	$295M	$166M
Q1 25	$423M	$295M	$166M
Q2 25	$436M	$311M	$172M
Q3 25	$427M	$302M	$176M
Q4 25	$429M	$318M	$179M

Valuation

Quarter	P/S	P/E
Q1 22	5.8x	12.8x
Q2 22	5.7x	12.6x
Q3 22	5.4x	12.1x
Q4 22	5.6x	12.8x
Q1 23	4.4x	10.7x
Q2 23	3.9x	11.1x
Q3 23	3.3x	10.8x
Q4 23	4.0x	14.8x
Q1 24	3.8x	15.2x
Q2 24	3.5x	13.4x
Q3 24	4.0x	15.4x
Q4 24	4.1x	14.9x
Q1 25	3.9x	13.6x
Q2 25	3.8x	12.8x
Q3 25	3.6x	11.8x
Q4 25	3.9x	12.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$236M	$212M
Q2 22	$80M	$74M
Q3 22	$192M	$186M
Q4 22	-$478.0K	-$9M
Q1 23	$180M	$170M
Q2 23	$195M	$187M
Q3 23	$244M	$232M
Q4 23	$28M	$23M
Q1 24	$187M	$180M
Q2 24	$216M	$212M
Q3 24	$275M	$270M
Q4 24	-$206M	-$211M
Q1 25	$178M	$171M
Q2 25	$98M	$92M
Q3 25	$195M	$208M
Q4 25	$78M	$58M

Capital Expenditures

Quarter	CapEx
Q1 22	$23M
Q2 22	$5M
Q3 22	$6M
Q4 22	$8M
Q1 23	$10M
Q2 23	$8M
Q3 23	$11M
Q4 23	$5M
Q1 24	$7M
Q2 24	$5M
Q3 24	$4M
Q4 24	$5M
Q1 25	$7M
Q2 25	$6M
Q3 25	$13M
Q4 25	$21M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-7.6%	-6.6%
Q2 22	-0.5%	+0.9%
Q3 22	+6.6%	+7.4%
Q4 22	+20.1%	+35.7%
Q1 23	+29.4%	+64.5%
Q2 23	+36.2%	+126.1%
Q3 23	+33.9%	+101.8%
Q4 23	+19.5%	+73.4%
Q1 24	+15.1%	+36.1%
Q2 24	+14.7%	+9.4%
Q3 24	+9.5%	+7.2%
Q4 24	+9.0%	-3.0%
Q1 25	+3.1%	-4.6%
Q2 25	-2.5%	-13.3%
Q3 25	-4.5%	-11.9%
Q4 25	-2.1%	-8.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$3M	1.1%
Q2 22	$3M	0.9%
Q3 22	$3M	0.9%
Q4 22	$3M	1.0%
Q1 23	$3M	0.9%
Q2 23	$3M	0.7%
Q3 23	$3M	0.8%
Q4 23	$3M	0.8%
Q1 24	$3M	0.8%
Q2 24	$3M	0.7%
Q3 24	$3M	0.7%
Q4 24	$3M	0.7%
Q1 25	$3M	0.7%
Q2 25	$3M	0.7%
Q3 25	$3M	0.7%
Q4 25	$3M	0.7%

OpEx Breakdown

Quarter	G&A	S&M
Q1 22	$82M	—
Q2 22	$83M	—
Q3 22	$82M	—
Q4 22	$87M	$3M
Q1 23	$83M	—
Q2 23	$90M	—
Q3 23	$91M	—
Q4 23	$109M	$3M
Q1 24	$91M	—
Q2 24	$100M	—
Q3 24	$94M	—
Q4 24	$101M	—
Q1 25	$95M	—
Q2 25	$93M	—
Q3 25	$93M	—
Q4 25	$88M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$1.6B	$461M	$2.0B
Q2 22	$394M	$510M	$903M
Q3 22	$602M	$491M	$1.1B
Q4 22	$424M	$457M	$880M
Q1 23	$405M	$469M	$875M
Q2 23	$397M	$462M	$859M
Q3 23	$512M	$446M	$958M
Q4 23	$458M	$439M	$897M
Q1 24	$1.1B	$315M	$1.4B
Q2 24	$1.5B	$319M	$1.8B
Q3 24	$2.2B	$331M	$2.5B
Q4 24	$2.0B	$11.0B	$12.9B
Q1 25	$1.7B	$336M	$2.0B
Q2 25	$1.3B	$342M	$1.6B
Q3 25	$1.8B	$332M	$2.1B
Q4 25	$312M	$10.4B	$10.7B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	92M	-0.0%	-0.7%
Q2 22	92M	-0.4%	-1.3%
Q3 22	91M	-0.6%	-1.6%
Q4 22	91M	+0.1%	-0.9%
Q1 23	91M	-0.1%	-1.0%
Q2 23	93M	+1.9%	+1.3%
Q3 23	94M	+0.9%	+2.8%
Q4 23	94M	-0.0%	+2.7%
Q1 24	94M	-0.0%	+2.7%
Q2 24	96M	+2.2%	+3.1%
Q3 24	95M	-0.5%	+1.6%
Q4 24	95M	+0.0%	+1.7%
Q1 25	95M	+0.0%	+1.7%
Q2 25	95M	+0.0%	-0.5%
Q3 25	95M	-0.2%	-0.2%
Q4 25	95M	-0.6%	-0.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$74.3K	4K
Q2 22	$77.3K	4K
Q3 22	$82.3K	4K
Q4 22	$92.7K	4K
Q1 23	$98.0K	4K
Q2 23	$107.3K	4K
Q3 23	$112.4K	4K
Q4 23	$104.5K	4K
Q1 24	$106.4K	4K
Q2 24	$116.1K	4K
Q3 24	$116.1K	4K
Q4 24	$112.0K	4K
Q1 25	$107.9K	4K
Q2 25	$111.3K	4K
Q3 25	$109.0K	4K
Q4 25	$109.0K	4K

Revenue / Employee