Short answer
Prosperity Bancshares Inc (PB) filed its Q3 2016 10-Q quarterly report on Nov 7, 2016 for the quarter ended Sep 30, 2016.
Prosperity Bancshares Inc Q3 2016 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Net income $68.7M, down 2.8% YoY from $70.6M
- Net interest margin 3.29% vs 3.30% YoY; net interest income $154.1M vs $156.1M
- Noninterest income $29.7M, down 6.6% YoY; noninterest expense $79.5M, up 4.0%
- Cash and equivalents $342.1M, down $221.8M from December 31, 2015, reflecting lower deposits and held-to-maturity purchases
- Oil and gas loans $308.9M, down from $399.1M, amid commodity-price and credit-quality headwinds; nonperforming assets rose 38.4% to $60.2M
Risk Factors
- No material changes from the December 31, 2015 Form 10-K risk factors
- Carried-forward risks include banking-sector credit quality and loan-loss exposure
- Ongoing regulatory compliance risk under applicable banking laws and examinations
- Continued interest-rate and competitive pressure on net interest margins and loan growth
- Persistent liquidity and funding risk from dependence on deposits and wholesale sources
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
- Q2 2016 10-QFiled Aug 10, 2016
- Q1 2016 10-QFiled May 9, 2016
- Q3 2015 10-QFiled Nov 6, 2015
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