10-Q quarterly report · filed Nov 6, 2017

Prosperity Bancshares Inc (PB) Q3 2017 10-Q Quarterly Report

Short answer

Prosperity Bancshares Inc (PB) filed its Q3 2017 10-Q quarterly report on Nov 6, 2017 for the quarter ended Sep 30, 2017.

Prosperity Bancshares Inc Q3 2017 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Quarterly net interest income $156.1M, up 1.4% YoY from $154.1M
  • Tax-equivalent net interest margin 3.22% vs 3.29% YoY
  • Net income $67.9M, down 1.1% from $68.7M; return on average assets 1.22% vs 1.27%
  • Loan portfolio $9.91B, up 3.0% from $9.62B; commercial real estate largest category at $3.30B
  • Cash and equivalents $303.5M, down $133.9M from December 31, 2016; dividends paid $70.9M year-to-date

Risk Factors

  • No material changes from the December 31, 2016 Form 10-K disclosed
  • Carried-forward risks include credit quality deterioration affecting loan portfolios
  • Interest-rate risk from changing rates affecting net interest margins
  • Regulatory compliance risk from banking-law and supervisory requirements
  • Liquidity risk from dependence on deposits and funding sources

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

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