10-Q quarterly report · filed Nov 7, 2019

Prosperity Bancshares Inc (PB) Q3 2019 10-Q Quarterly Report

Short answer

Prosperity Bancshares Inc (PB) filed its Q3 2019 10-Q quarterly report on Nov 7, 2019 for the quarter ended Sep 30, 2019.

Prosperity Bancshares Inc Q3 2019 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Quarterly revenue proxy, net interest income $154.0M, down $3.3M or 2.1% YoY
  • Tax-equivalent net interest margin 3.16% vs 3.15% YoY, efficiency ratio 43.70% vs 43.50%
  • Best line, loan interest income $134.9M, up $6.3M or 4.9%; securities interest income $50.9M, down $4.8M or 8.7%
  • Cash and equivalents $420.9M, up $9.8M or 2.4%; share repurchases 654.6 thousand shares at $63.59 average
  • Headwinds, higher deposit and borrowing costs, oil and gas exposure, increased nonperforming assets to $51.2M

Risk Factors

  • No material changes from the December 31, 2018 Form 10-K
  • Carried-forward risks remain the principal disclosed risk considerations

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

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