10-Q quarterly report · filed May 8, 2017

Prosperity Bancshares Inc (PB) Q1 2017 10-Q Quarterly Report

Short answer

Prosperity Bancshares Inc (PB) filed its Q1 2017 10-Q quarterly report on May 8, 2017 for the quarter ended Mar 31, 2017.

Prosperity Bancshares Inc Q1 2017 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Net income $68.6M, down $386K or 0.6% YoY from $69.0M
  • Tax-equivalent net interest margin 3.20% vs 3.48% YoY
  • Net interest income $152.4M, down 8.3% from $166.3M, driven by lower loan discount accretion
  • Loans $9.74B, up 1.2% from $9.62B; deposits $17.04B, down 1.6% from $17.31B
  • Cash $325.7M, down 25.5% from $437.4M, following securities purchases and loan growth; dividends $23.6M

Risk Factors

  • No material changes to risk factors since the December 31, 2016 Form 10-K
  • Credit risk: loan portfolio exposure to borrower defaults
  • Interest-rate risk: changing rates affecting net interest income
  • Liquidity risk: dependence on deposits and wholesale funding
  • Regulatory risk: ongoing banking-law compliance requirements

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

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