10-Q quarterly report · filed Aug 10, 2016

Prosperity Bancshares Inc (PB) Q2 2016 10-Q Quarterly Report

Short answer

Prosperity Bancshares Inc (PB) filed its Q2 2016 10-Q quarterly report on Aug 10, 2016 for the quarter ended Jun 30, 2016.

Prosperity Bancshares Inc Q2 2016 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Quarterly net interest income $158.5M, up $228K or 0.1% YoY
  • Net income $68.1M, down $3.9M or 5.4% YoY; ROAA 1.24% vs 1.33%
  • Securities interest income $51.1M, up 5.3%; loan interest income $118.3M, down 0.9%
  • Tax-equivalent net interest margin 3.37% vs 3.39%; provision $6.0M vs $500K
  • Cash and equivalents $333.7M, down $230.3M or 40.8%; stock repurchases $51.1M through six months

Risk Factors

  • No material changes in risk factors from the December 31, 2015 Form 10-K
  • Carried-forward regulatory risk: banking-company compliance and supervisory requirements
  • Carried-forward credit risk: loan portfolio deterioration affecting earnings and capital
  • Carried-forward market risk: interest-rate changes affecting net interest income
  • Carried-forward liquidity risk: reliance on deposits and funding-market access

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

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