Short answer
Prosperity Bancshares Inc (PB) filed its Q2 2019 10-Q quarterly report on Aug 2, 2019 for the quarter ended Jun 30, 2019.
Prosperity Bancshares Inc Q2 2019 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Quarterly revenue $184.8M, down from $190.2M YoY, based on net interest income before provision plus noninterest income
- Tax-equivalent net interest margin 3.16% vs 3.28% YoY; net interest income $154.8M vs $161.8M
- Net income $82.3M vs $81.6M YoY; annualized ROA 1.46% vs 1.44%, efficiency ratio 43.74% vs 43.95%
- Best growth: loan interest income $133.5M, up 4.0%; weakest: securities interest income $53.9M, down 2.9%
- Cash $302.6M vs $411.1M; $818.6M share repurchases, $64.52 average price; LegacyTexas merger expected in fourth quarter 2019
Risk Factors
- No material changes reported from the December 31, 2018 Form 10-K
- Credit risk: Loan portfolio exposure to borrower repayment defaults
- Regulatory risk: Banking-law and regulatory-compliance requirements
- Liquidity risk: Dependence on deposits and other funding sources
- Market risk: Interest-rate changes affecting net interest income
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
- 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
- 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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