Short answer
Prosperity Bancshares Inc (PB) filed its Q2 2017 10-Q quarterly report on Aug 7, 2017 for the quarter ended Jun 30, 2017.
Prosperity Bancshares Inc Q2 2017 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Net income $68.6M, up 0.7% YoY from $68.1M; diluted EPS $0.99 vs $0.98
- Net interest margin 3.14% vs 3.37% YoY; net interest income $152.2M vs $158.5M
- Best line: investment securities interest income $52.9M, up 3.6%; weakest: loan interest income $115.0M, down 2.8%
- Cash and equivalents $322.7M, down 26.2% from $437.4M; held-to-maturity purchases $761.2M
- Headwinds: loan discount accretion decline, higher funding costs, deposit competition and potential credit deterioration tied to economic conditions
Risk Factors
- No material changes in risk factors from the December 31, 2016 Form 10-K
- Carried-forward credit risk from loan portfolio deterioration
- Carried-forward interest-rate risk affecting net interest margin
- Carried-forward regulatory risk from banking-law compliance requirements
- Carried-forward liquidity risk from deposit funding dependence
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
- Q1 2017 10-QFiled May 8, 2017
- Q3 2016 10-QFiled Nov 7, 2016
- 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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