Short answer
Prosperity Bancshares Inc (PB) filed its Q1 2016 10-Q quarterly report on May 9, 2016 for the quarter ended Mar 31, 2016.
Prosperity Bancshares Inc Q1 2016 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Net income $69.0M, down 6.4% YoY from $73.6M, with return on assets 1.24% vs 1.37%
- Net interest margin 3.44% vs 3.53% YoY, tax-equivalent margin 3.48% vs 3.57%
- Noninterest income $30.8M, up 8.3% YoY from $28.4M, while noninterest expense rose 1.3% to $80.5M
- Cash and equivalents $336.0M, down $228.0M, driven by $2.63B securities purchases and $47.2M stock repurchases
- Credit headwinds: provision $14.0M vs $1.3M, net charge-offs $11.7M vs $1.0M, including agricultural and energy loans
Risk Factors
- No material changes from the December 31, 2015 Form 10-K
- Credit risk: carried-forward exposure to borrower defaults
- Regulatory risk: carried-forward banking-law compliance requirements
- Liquidity risk: carried-forward dependence on deposit funding and market access
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other Prosperity Bancshares Inc quarterly reports
- Q3 2019 10-QFiled Nov 7, 2019
- Q2 2019 10-QFiled Aug 2, 2019
- Q1 2019 10-QFiled May 7, 2019
- Q3 2018 10-QFiled Nov 7, 2018
- Q2 2018 10-QFiled Aug 7, 2018
- Q1 2018 10-QFiled May 7, 2018
- Q3 2017 10-QFiled Nov 6, 2017
- Q2 2017 10-QFiled Aug 7, 2017
- Q1 2017 10-QFiled May 8, 2017
- Q3 2016 10-QFiled Nov 7, 2016
- Q2 2016 10-QFiled Aug 10, 2016
- Q3 2015 10-QFiled Nov 6, 2015
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