10-Q quarterly report · filed Nov 7, 2014

Prosperity Bancshares Inc (PB) Q3 2014 10-Q Quarterly Report

Short answer

Prosperity Bancshares Inc (PB) filed its Q3 2014 10-Q quarterly report on Nov 7, 2014 for the quarter ended Sep 30, 2014.

Prosperity Bancshares Inc Q3 2014 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Net income $76.6M, up 38.5% YoY from $55.3M
  • Tax-equivalent net interest margin 3.85% vs 3.59% YoY
  • Best growth: loan interest income $140.5M, up 49.1% YoY to $94.2M
  • Cash and equivalents $331.4M vs $381.4M, with $7.25B securities purchases and $49.4M dividends
  • Headwinds: interest-rate changes, competition for deposits and loans, credit-quality deterioration risks

Risk Factors

  • No material changes to risk factors from the December 31, 2013 Form 10-K
  • Credit risk: potential loan losses and asset-quality deterioration
  • Interest-rate risk: net interest margin sensitivity to changing rates
  • Liquidity risk: dependence on deposits and other funding sources
  • Regulatory risk: ongoing banking supervision and compliance requirements

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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