10-Q quarterly report · filed May 8, 2015

Prosperity Bancshares Inc (PB) Q1 2015 10-Q Quarterly Report

Short answer

Prosperity Bancshares Inc (PB) filed its Q1 2015 10-Q quarterly report on May 8, 2015 for the quarter ended Mar 31, 2015.

Prosperity Bancshares Inc Q1 2015 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Net income $73.6M, up 9.7% from $67.1M YoY
  • Net interest income $162.9M, up 13.4% from $143.7M; margin 3.57% vs 3.62% YoY
  • Interest income on loans $124.9M, up 16.6% from $107.1M, strongest revenue contributor
  • Cash and equivalents $354.3M vs $677.9M, following $1.55B securities purchases and $167.5M debt redemption
  • Management cited interest-rate changes, deposit and loan competition, credit quality, liquidity, and acquisition integration as key headwinds

Risk Factors

  • No material changes in risk factors from the December 31, 2014 Form 10-K
  • Carried-forward risks remain unchanged, with no new quarterly triggers disclosed

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

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