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業績公告 即時報告 8-K 2026-07-29

Prosperity Bancshares第二季度淨收入1.686億美元 完成Stellar Bancorp收購資產增至53億

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📄 **申報類型**: 8-K(第二季度盈利報告) 🏦 **機構**: Prosperity Bancshares, Inc. (NYSE: PB) 📅 **報告日期**: 2026年7月29日(第二季度截至2026年6月30日) --- ### 📊 第二季度2026年業績重點 - **完成大型收購**:2026年7月1日完成對Stellar Bancorp的合併,使總資產增至約$53億,較去年同期$38億增長39%。此前亦已完成American Bank及Southwest Bancshares的整合。 - **淨收入強勁增長**:第二季度淨收入為$1.686億(每股$1.67),若剔除Visa B-2股交換收益及合併相關開支,核心淨收入為$1.627億(每股$1.62),較去年同季增長20.4%📈。 - **淨息差(NIM)改善**:稅等值淨息差3.47%,較2025年第二季度的3.18%上升29個基點,主要受資產重新定價及合併影響。 - **資產質量穩健**:不良資產僅佔平均利息收入資產的0.34%;貸款信貸損失準備金(剔除倉庫貸款計劃)對貸款比率為1.61%。 - **資本充足**:普通股一級資本比率15.94%,遠超監管要求,反映強勁資本基礎。 --- ### 💰 關鍵財務數字(第二季度2026年 vs 第二季度2025年) | 指標 | 第二季度2026 | 第二季度2025 | 變化 | |------|-------------|-------------|------| | 淨收入(GAAP) | $1.686億 | $1.352億 | +24.7% | | 每股盈利(攤薄) | $1.67 | $1.42 | +17.6% | | 核心淨收入(非GAAP) | $1.627億 | $1.352億 | +20.4% | | 核心每股盈利(攤薄) | $1.62 | $1.42 | +14.1% | | 淨利息收入 | $3.306億 | $2.677億 | +23.5% | | 非利息收入 | $6,070萬 | $4,298萬 | +41.2% | | 稅等值淨息差 | 3.47% | 3.18% | +29基點 | | 年化平均資產回報率 | 1.55% | 1.41% | +14基點 | - **總資產**:$438.73億(2026年6月30日),較2025年6月30日的$384.17億增長14.2%。 - **總貸款**:$250.28億,增長12.8%(剔除倉庫貸款計劃為$237.38億,增長13.5%)。 - **總存款**:$325.99億,增長18.7%;其中無息存款$107.39億,佔比32.9%(維持低成本存款基礎)。 - **股票回購**:第二季度回購20萬股,總計$1,370萬;2026年至今回購104萬股,總計$7,080萬。 - **股息**:第三季度現金股息$0.60每股(10月1日派發,9月15日截止過戶)。 --- ### 🗣️ 管理層展望 - **主席兼CEO David Zalman**表示,德州經濟是美國第二大經濟體,加上商業友好政策及無州所得稅,持續吸引人口及企業遷入。 - 合併Stellar Bancorp後,銀行網絡擴展至52間分行,總分行數增至363間,遍佈德州及奧克拉荷馬州。 - 管理層強調將繼續專注於有紀律的
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EX-99.1
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pb-ex99_1.htm
EX-99.1

 
 EX-99.1
 
 
 Exhibit 99.1

 c 

 

 
 
 
 
 

 
 PRESS RELEASE

 For more information contact:

 

 
  

  

 

 
 Prosperity Bancshares, Inc.®

 Cullen Zalman

 

 
 Prosperity Bank Plaza

 SEVP – Banking and Corporate Activities

 

 
 4295 San Felipe

 281.269.7199

 

 
 Houston, Texas 77027

 [email protected]

 

 FOR IMMEDIATE RELEASE
PROSPERITY BANCSHARES, INC.®
REPORTS SECOND QUARTER
2026 EARNINGS
 
•Completed the merger of Stellar Bancorp, Inc. into Prosperity Bancshares on July 1, 2026

•Second quarter net interest margin increased 29 basis points to 3.47% compared to second quarter 2025

•Second quarter net income of $168.6 million, and $162.7 million(1) excluding non-recurring items, an increase of 20.4% compared to second quarter 2025

•Second quarter earnings per share (diluted) of $1.67, or $1.62 excluding non-recurring items, an increase of 14.1% compared to second quarter 2025

•Noninterest-bearing deposits of $10.7 billion, representing 32.9% of total deposits

•Allowance for credit losses on loans and on off-balance sheet credit exposure of $420.5 million and allowance for credit losses on loans to total loans, excluding Warehouse Purchase Program loans, of 1.61%(1)

•Nonperforming assets remain low at 0.34% of second quarter average interest-earning assets

•Return (annualized) on second quarter average assets of 1.55%, average common equity of 8.14% and average tangible common equity of 15.48%(1)

•Repurchased 200 thousand shares of common stock during second quarter 2026, and 1.0 million shares during 2026

HOUSTON, July 29, 2026. Prosperity Bancshares, Inc.® (NYSE: PB) (“Prosperity Bancshares”), the parent company of Prosperity Bank® (collectively, “Prosperity”), reported net income of $168.6 million for the quarter ended June 30, 2026, compared with $135.2 million for the same period in 2025. Net income per diluted common share was $1.67 for the quarter ended June 30, 2026, compared with $1.42 for the same period in 2025. On January 1, 2026, American Bank Holding Corporation (“American”) merged into Prosperity Bancshares and American Bank, N.A. (“American Bank”) merged into Prosperity Bank (collectively, the “American Merger”), and on February 1, 2026, Southwest Bancshares, Inc. (“Southwest”) merged into Prosperity Bancshares and Texas Partners Bank (“Texas Partners”) merged into Prosperity Bank (collectively, the “Southwest Merger”). During the second quarter of 2026, Prosperity incurred a net gain of $8.2 million, or $0.06(1) per diluted common share as a result of the exchange and conversion of Visa Class B-2 stock and the sale of investment securities, partially offset by merger related expenses of $755 thousand, or $0.01(1)per diluted common share. Excluding the net gain and merger related expenses, net income was $162.7(1) million and net income per diluted common share was $1.62(1) for the second quarter of 2026. The annualized return on second quarter average assets was 1.55%. Nonperforming assets remained low at 0.34% of second quarter average interest-earning assets. Subsequent to quarter end, on July 1, 2026, Stellar Bancorp, Inc. (“Stellar”) merged into Prosperity Bancshares and Stellar Bank (“Stellar Bank”) merged into Prosperity Bank (collectively, the “Stellar Merger”).
“I am excited to announce that on July 1, 2026, Prosperity Bancshares completed the merger of Stellar and its wholly owned subsidiary Stellar Bank, headquartered in Houston, Texas. Stellar Bank operated 52 banking offices including its main office in Houston and banking offices in the Houston, Beaumont and East Texas areas and in Dallas, Texas. I am also pleased to announce that in connection with the mergers, Robert Franklin, former CEO of Stellar, and Joe Swinbank, a former Stellar director, have 

 ______________
(1)Refer to the “Notes to Selected Financial Data” at the end of this Earnings Release for a reconciliation of this non-GAAP financial measure to the nearest GAAP financial measure.

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 joined the Prosperity Bancshares Board of Directors and that Ray Vitulli, former CEO of Stellar Bank, and Pat Parsons, a former Stellar Bank director, have joined the Prosperity Bank Board of Directors. Pat was instrumental in building Stellar Bank’s Beaumont franchise over the years,” said David Zalman, Prosperity’s Senior Chairman and Chief Executive Officer. 
 
“Texas has one of the strongest and most diverse state economies in the U.S., ranking as the second largest by GDP after California and approximately the 8th largest economy in the world. Oklahoma has a smaller but stable economy, heavily influenced by oil and gas, with more modest growth. Texas continues to shine as more people and companies move to the state because of the business-friendly political structure and no state income tax,” stated Zalman.
 
“Excluding the gain on Visa Class B-2 stock exchange net of investment securities sales and merger related expenses, as noted above, net income increased 20.4% and diluted earnings per share increased 14.1% compared with the same period last year,” added Zalman.
 
“We are pleased with our growth. Giving effect to the Stellar Bank merger, our assets are over $53 billion compared with $38 billion as of June 30, 2025. This represents a 39% growth over the year. I want to thank everyone involved in our company for helping to make it the success it has become,” concluded Zalman.
Results of Operations for the Three Months Ended June 30, 2026
For the three months ended June 30, 2026, net income was $168.6 million(2) or $1.67 per diluted common share compared with $135.2 million(3)or $1.42 per diluted common share for the same period in 2025. Net income and net income per diluted common share for the second quarter of 2026 were primarily impacted by an increase in net interest income and a gain on Visa Class B-2 stock exchange net of investment securities sales of $8.2 million, partially offset by an increase in noninterest expenses related to the American and Southwest operations and an increase in provision for income taxes. On a linked quarter basis, net income was $168.6 million(2) or $1.67 per diluted common share for the three months ended June 30, 2026, compared with $116.3 million(4) or $1.16 for the three months ended March 31, 2026. The change was primarily due to an increase in net interest income, lower merger related expenses and a gain on Visa Class B-2 stock exchange net of investment securities sales of $8.2 million. Annualized returns on average assets, average common equity and average tangible common equity for the three months ended June 30, 2026, were 1.55%, 8.14% and 15.48%(1), respectively.
Excluding the gain on Visa Class B-2 stock exchange net of investment securities sales, net of tax, and merger related expenses, net of tax, net income was $162.7(1)million and earnings per diluted common share was $1.62(1) for the three months ended June 30, 2026, and annualized returns on average assets, average common equity and average tangible common equity were 1.50%(1), 7.85%(1)and 14.93%(1), respectively. Prosperity’s efficiency ratio (excluding net gains and losses on the sale, write-down or write-up of assets and securities) was 45.99%(1) for the three months ended June 30, 2026, and excluding the merger related expenses, the efficiency ratio was 45.79%(1).
Net interest income before provision for credit losses was $330.6 million for the three months ended June 30, 2026, compared with $267.7 million for the same period in 2025, an increase of $62.8 million or 23.5%. The net interest margin on a tax equivalent basis was 3.47% for the three months ended June 30, 2026, compared with 3.18% for the same period in 2025. The changes to both measures were primarily due to the repricing of assets, a decrease in the average balance and average rate on other borrowings and the impact of the American Merger and the Southwest Merger. Net interest income before provision for credit losses increased $9.4 million or 2.9% to $330.6 million for the three months ended June 30, 2026, compared with $321.2 million for the three months ended March 31, 2026. The net interest margin on a tax equivalent basis was 3.47% for the three months ended June 30, 2026, compared with 3.51% for the three months ended March 31, 2026. The decrease was primarily due to one-time loan interest income from a nonaccrual loan in the first quarter of 2026.
Noninterest income was $60.7 million for the three months ended June 30, 2026, compared with $43.0 million for the same period in 2025, an increase of $17.7 million or 41.2%. The change was primarily due to the American Merger and the Southwest Merger and a gain on Visa Class B-2 stock exchange net of investment securities sales of $8.2 million. Noninterest income was $60.7 million for the three months ended June 30, 2026, compared with $46.5 million for the three months ended March 31, 2026, an increase of $14.2 

 ______________
(2)Includes purchase accounting adjustments of $4.6 million, net of tax, primarily comprised of loan discount accretion of $4.0 million, and net gain on sale or write-up of securities of $8.2 million for the three months ended June 30, 2026.

(3)Includes purchase accounting adjustments of $2.8 million, net of tax, primarily comprised of loan discount accretion of $3.1 million for the three months ended June 30, 2025.

(4)Includes purchase accounting adjustments of $4.8 million, net of tax, primarily comprised of loan discount accretion of $3.7 million, and merger related provision for credit losses of $42.5 million for the three months ended March 31, 2026.

(5)Includes purchase accounting adjustments of $9.4 million, net of tax, primarily comprised of loan discount accretion of $7.8 million, merger related provision for credit losses of $43.3 million and net gain on sale or write-up of securities of $8.2 million for the six months ended June 30, 2026.

(6)Includes purchase accounting adjustments of $6.0 million, net of tax, primarily comprised of loan discount accretion of $6.4 million for the six months ended June 30, 2025.

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 million or 30.6%. The change was primarily due to a gain on Visa Class B-2 stock exchange net of investment securities sales of $8.2 million and an increase in other noninterest income.
Noninterest expense was $176.2 million for the three months ended June 30, 2026, compared with $138.6 million for the same period in 2025, an increase of $37.6 million. The change was primarily due to an increase in salaries and benefits and an increase in additional expenses related to three months of American and Southwest operations. Noninterest expense was $176.2 million for the three months ended June 30, 2026, compared with $217.3 million for the three months ended March 31, 2026, a decrease of $41.1 million, which was primarily due to lower merger related expenses. 
Results of Operations for the Six Months Ended June 30, 2026
For the six months ended June 30, 2026, net income was $284.9 million(5) compared with $265.4 million(6) for the same period in 2025, an increase of $19.5 million or 7.3%. Net income per diluted common share was $2.84 for the six months ended June 30, 2026, compared with $2.79 for the same period in 2025, an increase of 1.8%. Net income and net income per diluted common share for the six months ended June 30, 2026, were impacted by the American Merger and the Southwest Merger, merger related expenses of $43.3 million and a gain on Visa Class B-2 stock exchange net of investment securities sales of $8.2 million. Returns on average assets, average common equity and average tangible common equity for the six months ended June 30, 2026, were 1.33%, 6.93% and 13.02%(1), respectively. 
Excluding the merger related expenses, net of tax, and gain on Visa Class B-2 stock exchange net of investment securities sales, net of tax, net income was $312.5(1)million and earnings per diluted common share was $3.12(1) for the six months ended June 30, 2026, and annualized returns on average assets, average common equity and average tangible common equity were 1.46%(1), 7.60%(1)and 14.29%(1), respectively. Prosperity’s efficiency ratio (excluding net gains and losses on the sale or write-down of assets and securities) was 52.44%(1) for the six months ended June 30, 2026; and excluding merger related expenses, the efficiency ratio was 46.67%(1).
Net interest income before provision for credit losses for the six months ended June 30, 2026, was $651.7 million compared with $533.1 million for the same period in 2025, an increase of $118.6 million or 22.2%. The net interest margin on a tax equivalent basis for the six months ended June 30, 2026, was 3.49% compared with 3.16% for the same period in 2025. The changes to both measures were primarily due to the repricing of assets, the impact of the American Merger and the Southwest Merger and a decrease in the average balance and average rate on other borrowings. 
Noninterest income was $107.2 million for the six months ended June 30, 2026, compared with $84.3 million for the same period in 2025, an increase of $22.9 million or 27.2%, primarily due to the American Merger and the Southwest Merger and a gain on Visa Class B-2 stock exchange net of investment securities sales of $8.2 million.
Noninterest expense was $393.5 million for the six months ended June 30, 2026, compared with $278.9 million for the same period in 2025, an increase of $114.6 million, primarily due to an increase in merger related expenses of $43.3 million, an increase in salaries and benefits and an increase in additional expenses related to six months of American operations and five months of Southwest operations. 
Balance Sheet Information
Prosperity had $43.873 billion in total assets at June 30, 2026, an increase of $5.455 billion or 14.2%, compared with $38.417 billion at June 30, 2025, primarily due to the American Merger and the Southwest Merger. Linked quarter total assets increased by $253.3 million compared with $43.619 billion at March 31, 2026. 
Loans were $25.028 billion at June 30, 2026, an increase of $2.831 billion or 12.8% from $22.197 billion at June 30, 2025. Linked quarter loans decreased $260.0 million from $25.288 billion at March 31, 2026. Loans, excluding Warehouse Purchase Program loans, were $23.738 billion at June 30, 2026, compared with $20.910 billion at June 30, 2025, an increase of $2.828 billion or 13.5%, and compared with $23.855 billion at March 31, 2026, a decrease of $117.0 million. 
Deposits were $32.600 billion at June 30, 2026, an increase of $5.126 billion or 18.7% from $27.473 billion at June 30, 2025, primarily due to the American Merger and the Southwest Merger. Linked quarter deposits decreased $33.1 million from $32.633 billion at March 31, 2026.
Asset Quality
Nonperforming assets totaled $130.6 million or 0.34% of quarterly average interest-earning assets at June 30, 2026, compared with $110.5 million or 0.33% of quarterly average interest-earning assets at June 30, 2025 and $122.1 million or 0.33% of quarterly average interest-earning assets at March 31, 2026.

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 The allowance for credit losses on loans and off-balance sheet credit exposures was $420.5 million at June 30, 2026, compared with $383.7 million at June 30, 2025 and $421.5 million at March 31, 2026. There was no provision for credit losses for the three months and six months ended June 30, 2026 and 2025.
The allowance for credit losses on loans was $382.8 million or 1.53% of total loans at June 30, 2026, compared with $346.1 million or 1.56% of total loans at June 30, 2025 and $383.8 million or 1.52% of total loans at March 31, 2026. The allowance for credit losses on loans increased during the six months ended June 30, 2026 due to the American Merger and the Southwest Merger, of which $47.5 million was attributable to the American Merger and $45.1 million was attributable to the Southwest Merger. Excluding Warehouse Purchase Program loans, the allowance for credit losses on loans to total loans was 1.61%(1) at June 30, 2026, compared with 1.66%(1) at June 30, 2025 and 1.61%(1) at March 31, 2026.
 
Net charge-offs were $2.2 million for the three months ended June 30, 2026, compared with net charge-offs of $3.0 million for the three months ended June 30, 2025 and $41.3 million for the three months ended March 31, 2026. Net charge-offs for the three months ended June 30, 2026, included $962 thousand related to resolved purchased credit deteriorated (“PCD”) loans, which had specific reserves that were allocated to the charge-offs. For the three months ended June 30, 2026, $10.3 million of reserves on resolved PCD loans without any related charge-offs were released to the general reserve. 
Net charge-offs were $43.5 million for the six months ended June 30, 2026, compared with net charge-offs of $5.7 million for the six months ended June 30, 2025. Net charge-offs for the six months ended June 30, 2026, included a $39.2 million increase in net charge-offs for commercial and industrial loans. Additionally, due to the American Merger and the Southwest Merger, reserves increased by Day One accounting for PCD loans of $53.3 million and Day One accounting for purchased seasoned loans (“PSLs”) of $39.3 million. Further, $12.3 million of reserves on resolved PCD loans without any related charge-offs were released to the general reserve. 
Visa Class B-2 Stock Exchange
During the second quarter 2026, Prosperity tendered all of its shares of Visa, Inc. (“Visa”) Class B-2 common stock in exchange for a combination of Visa Class B-3 common stock and Visa Class C common stock, pursuant to the terms and subject to the conditions of Visa’s public exchange offer, which expired on May 8, 2026. Prosperity recorded an unrealized gain of $12.2 million during the second quarter 2026 based on the conversion privilege of the Class C common stock and the closing price of Visa Class A common stock. In the exchange, Prosperity received 24,246 shares of Class B-3 stock, recorded at zero cost basis, and 9,137 shares of Class C common stock and subsequently sold 3,045 shares of Class C stock. Prosperity intends to sell all remaining shares of Class C stock as permitted by the exchange agreement.
Dividend
Prosperity Bancshares declared a third quarter 2026 cash dividend of $0.60 per share to be paid on October 1, 2026, to all shareholders of record as of September 15, 2026.
Stock Repurchase Program
On January 26, 2026, Prosperity Bancshares announced a stock repurchase program under which up to 5%, or approximately 4.87 million shares, of its outstanding common stock may be acquired over a one-year period expiring on January 26, 2027, at the discretion of management. Under its 2026 stock repurchase program, Prosperity Bancshares repurchased approximately 200 thousand shares of its common stock at an average weighted price of $68.34 per share for a total of $13.7 million during the three months ended June 30, 2026, and approximately 1.04 million shares of its common stock at an average weighted price of $68.19 per share for a total of $70.8 million during the six months ended June 30, 2026.
Acquisition of Stellar Bancorp, Inc.
On July 1, 2026, Prosperity Bancshares completed the merger of Stellar and its wholly owned subsidiary Stellar Bank, headquartered in Houston, Texas. Stellar Bank operated 52 banking offices including its main office in Houston and banking offices in the Houston, Beaumont and East Texas areas and in Dallas, Texas. As of June 30, 2026, Stellar, on a consolidated basis, reported total assets of $10.413 billion, total loans of $7.510 billion and total deposits of $8.716 billion.
Pursuant to the terms of the definitive agreement, Prosperity Bancshares issued 19,371,499 shares of its common stock plus approximately $578.66 million in cash for each outstanding share of Stellar common stock. 

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 Acquisition of Southwest Bancshares, Inc.
On February 1, 2026, Prosperity completed the acquisition of Southwest and its wholly owned subsidiary Texas Partners, headquartered in San Antonio, Texas. Texas Partners operated 11 banking offices in Central Texas including its main office in San Antonio, and banking offices in the San Antonio area, Austin and the Hill Country. 
Pursuant to the terms of the definitive agreement, Prosperity Bancshares issued 4,094,974 shares of its common stock for all outstanding shares of Southwest common stock. This resulted in goodwill of $134.9 million as of June 30, 2026, which does not include all the subsequent fair value adjustments that have not yet been finalized. Additionally, Prosperity recognized $33.8 million of core deposit intangibles as of June 30, 2026.
Acquisition of American Bank Holding Corporation
On January 1, 2026, Prosperity completed the acquisition of American and its wholly owned subsidiary American Bank, headquartered in Corpus Christi, Texas. American Bank operated 18 banking offices and two loan production offices in South and Central Texas including its main office in Corpus Christi, and banking offices in San Antonio, Austin, Victoria and the greater Corpus Christi area including Port Aransas and Rockport and a loan production office in Houston, Texas. 
Pursuant to the terms of the definitive agreement, Prosperity Bancshares issued 4,439,938 shares of its common stock for all outstanding shares of American common stock. This resulted in goodwill of $185.9 million as of June 30, 2026, which does not include all the subsequent fair value adjustments that have not yet been finalized. Additionally, Prosperity recognized $31.1 million of core deposit intangibles as of June 30, 2026. 
Conference Call
Prosperity’s management team will host a conference call on Wednesday, July 29, 2026, at 11:30 a.m. Eastern Time (10:30 a.m. Central Time) to discuss Prosperity’s second quarter 2026 earnings. Individuals and investment professionals may participate in the call by dialing 877-883-0383 for domestic participants, or 412-902-6506 for international participants. The participant elite entry number is 9578428.
Alternatively, individuals may listen to the live webcast of the presentation by visiting Prosperity’s website at www.prosperitybankusa.com. The webcast may be accessed from Prosperity’s Investor Relations page by selecting “Presentations, Webcasts & Calls” from the menu and following the instructions.
Non-GAAP Financial Measures
Prosperity’s management uses certain non-GAAP financial measures to evaluate its performance. Specifically, for internal planning and forecasting purposes, Prosperity reviews each of diluted earnings per share, return on average assets, return on average common equity, and return on average tangible common equity, in each case excluding merger related expenses, net of tax, FDIC special assessment, net of tax and net gain on the sale or write-up of securities; return on average tangible common equity; tangible book value per share; the tangible equity to tangible assets ratio; allowance for credit losses to total loans excluding Warehouse Purchase Program loans; the efficiency ratio, excluding net gains and losses on the sale and securities, write-down or write-up of assets; and the efficiency ratio, excluding net gains and losses on the sale, write-down or write-up of assets and securities, merger related expenses, and FDIC special assessment. Prosperity believes these non-GAAP financial measures provide information useful to investors in understanding Prosperity’s financial results and their presentation, together with the accompanying reconciliations, provide a more complete understanding of factors and trends affecting Prosperity’s business and allow investors to view performance in a manner similar to management, the entire financial services sector, bank stock analysts and bank regulators. Further, Prosperity believes that these non-GAAP financial measures provide useful information by excluding certain items that may not be indicative of its core operating earnings and business outlook. These non-GAAP financial measures should not be considered a substitute for, nor of greater importance than, GAAP basis financial measures and results; Prosperity strongly encourages investors to review its consolidated financial statements in their entirety and not to rely on any single financial measure. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies’ non-GAAP financial measures having the same or similar names. Please refer to the “Notes to Selected Financial Data” at the end of this Earnings Release for a reconciliation of these non-GAAP financial measures to the nearest respective GAAP financial measures.
Prosperity Bancshares, Inc. ®
As of June 30, 2026, Prosperity Bancshares, Inc.® is a $43.873 billion Houston, Texas based regional financial holding company providing personal banking services and investments to consumers and businesses throughout Texas and Oklahoma. Founded in 1983, Prosperity believes in a community banking philosophy, taking care of customers, businesses and communities in the areas it serves by providing financial solutions to simplify everyday financial needs. In addition to offering traditional deposit and loan products, 

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 Prosperity offers digital banking solutions, credit and debit cards, mortgage services, retail brokerage services, trust and wealth management, and treasury management.
Prosperity currently operates 363 full-service banking locations: 62 in the Houston area, including The Woodlands; 36 in the South Texas area including Corpus Christi and Victoria; 61 in the Dallas/Fort Worth area; 21 in the East Texas area; 28 in the Central Texas area including Austin and San Antonio; 45 in the West Texas area including Lubbock, Midland-Odessa, Abilene, Amarillo and Wichita Falls; 15 in the Bryan/College Station area, 6 in the Central Oklahoma area; 8 in the Tulsa, Oklahoma area; 18 in the Central, South Texas and San Antonio areas doing business as American Bank; 11 in the San Antonio area doing business as Texas Partners Bank and 52 in Houston, Beaumont, Dallas and the East Texas areas doing business as Stellar Bank. 
Cautionary Notes on Forward-Looking Statements
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This release contains, and the remarks by Prosperity’s management on the conference call may contain, forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. From time to time, oral or written forward-looking statements may also be included in other information released to the public. Such forward-looking statements are typically, but not exclusively, identified by the use in the statements of words or phrases such as “aim,” “anticipate,” “believe,” “estimate,” “expect,” “goal,” “guidance,” “intend,” “is anticipated,” “is expected,” “is intended,” “objective,” “plan,” “projected,” “projection,” “will affect,” “will be,” “will continue,” “will decrease,” “will grow,” “will impact,” “will increase,” “will incur,” “will reduce,” “will remain,” “will result,” “would be,” variations of such words or phrases (including where the word “could,” “may,” or “would” is used rather than the word “will” in a phrase) and similar words and phrases indicating that the statement addresses some future result, occurrence, plan or objective. Forward-looking statements include all statements other than statements of historical fact, including forecasts or trends, and are based on current expectations, assumptions, estimates and projections about Prosperity Bancshares and its subsidiaries. These forward-looking statements may include information about Prosperity’s possible or assumed future economic performance or future results of operations, including future revenues, income, expenses, provision for credit losses, provision for taxes, effective tax rate, earnings per share and cash flows and Prosperity’s future capital expenditures and dividends, future financial condition and changes therein, including changes in Prosperity’s loan portfolio and allowance for credit losses, changes in deposits, borrowings and the investment securities portfolio, future capital structure or changes therein, as well as the plans and objectives of management for Prosperity’s future operations, future or proposed acquisitions, the future or expected effect of acquisitions on Prosperity’s operations, results of operations, financial condition, and future economic performance, statements about the anticipated benefits of any proposed transactions, and statements about the assumptions underlying any such statement. These forward‑looking statements are not guarantees of future performance and are based on expectations and assumptions Prosperity currently believes to be valid. Because forward-looking statements relate to future results and occurrences, many of which are outside of Prosperity’s control, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. These risks and uncertainties include, but are not limited to, whether Prosperity can: successfully identify acquisition targets and integrate the businesses of acquired companies and banks; continue to sustain its current internal growth rate or total growth rate; provide products and services that appeal to its customers; continue to have access to debt and equity capital markets; and achieve its sales objectives. Other risks include, but are not limited to: the possibility that credit quality could deteriorate; actions of competitors; changes in laws and regulations (including changes in governmental interpretations of regulations and changes in accounting standards); the possibility that the anticipated benefits of an acquisition transaction are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of two companies or as a result of the strength of the economy and competitive factors generally; a deterioration or downgrade in the credit quality and credit agency ratings of the securities in Prosperity’s securities portfolio; customer and consumer demand, including customer and consumer response to marketing; effectiveness of spending, investments or programs; fluctuations in the cost and availability of supply chain resources; economic conditions, including currency rate, interest rate and commodity price fluctuations; changes in trade policies by the United States or other countries, such as tariffs or retaliatory tariffs; and the effect, impact, potential duration or other implications of weather and climate-related events. Prosperity disclaims any obligation to update such factors or to publicly announce the results of any revisions to any of the forward-looking statements included herein to reflect future events or developments. These and various other factors are discussed in Prosperity’s Annual Report on Form 10-K for the year ended December 31, 2025, and other reports and statements Prosperity has filed with the Securities and Exchange Commission (“SEC”). Copies of the SEC filings for Prosperity may be downloaded from the Internet at no charge from http://www.prosperitybankusa.com.
 

 Page 6

 
  

 Prosperity Bancshares, Inc.®
Financial Highlights (Unaudited)
(In thousands)
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
  

  

 Jun 30, 2026

  

  

 Mar 31, 2026

  

  

 Dec 31, 2025

  

  

 Sep 30, 2025

  

  

 Jun 30, 2025

  

 

 
 Balance Sheet Data (at period end)

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Loans held for sale

  

 $

 18,656

  

  

 $

 21,925

  

  

 $

 14,155

  

  

 $

 11,297

  

  

 $

 6,004

  

 

 
 Loans held for investment

  

  

 23,719,186

  

  

  

 23,832,909

  

  

  

 20,486,415

  

  

  

 20,738,294

  

  

  

 20,903,944

  

 

 
 Loans held for investment - Warehouse Purchase Program

  

  

 1,290,156

  

  

  

 1,433,152

  

  

  

 1,304,798

  

  

  

 1,278,178

  

  

  

 1,287,440

  

 

 
 Total loans

  

  

 25,027,998

  

  

  

 25,287,986

  

  

  

 21,805,368

  

  

  

 22,027,769

  

  

  

 22,197,388

  

 

 
  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Investment securities(A)

  

  

 12,339,080

  

  

  

 11,951,591

  

  

  

 10,613,425

  

  

  

 10,232,462

  

  

  

 10,608,104

  

 

 
 Federal funds sold

  

  

 194

  

  

  

 209

  

  

  

 217

  

  

  

 210

  

  

  

 197

  

 

 
 Allowance for credit losses on loans

  

  

 (382,841

 )

  

  

 (383,840

 )

  

  

 (333,742

 )

  

  

 (339,626

 )

  

  

 (346,084

 )

 

 
 Cash and due from banks

  

  

 1,683,062

  

  

  

 1,547,967

  

  

  

 1,747,511

  

  

  

 1,766,115

  

  

  

 1,304,993

  

 

 
 Goodwill

  

  

 3,823,920

  

  

  

 3,822,283

  

  

  

 3,503,127

  

  

  

 3,503,127

  

  

  

 3,503,127

  

 

 
 Core deposit intangibles, net

  

  

 105,582

  

  

  

 111,243

  

  

  

 51,605

  

  

  

 55,194

  

  

  

 58,796

  

 

 
 Other real estate owned

  

  

 11,296

  

  

  

 13,257

  

  

  

 13,296

  

  

  

 13,750

  

  

  

 7,874

  

 

 
 Fixed assets, net

  

  

 428,478

  

  

  

 429,775

  

  

  

 383,449

  

  

  

 378,776

  

  

  

 374,602

  

 

 
 Other assets

  

  

 835,742

  

  

  

 838,712

  

  

  

 679,169

  

  

  

 692,692

  

  

  

 708,355

  

 

 
 Total assets

  

 $

 43,872,511

  

  

 $

 43,619,183

  

  

 $

 38,463,425

  

  

 $

 38,330,469

  

  

 $

 38,417,352

  

 

 
  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Noninterest-bearing deposits

  

 $

 10,739,937

  

  

 $

 10,580,920

  

  

 $

 9,467,911

  

  

 $

 9,522,028

  

  

 $

 9,426,657

  

 

 
 Interest-bearing deposits

  

  

 21,859,750

  

  

  

 22,051,836

  

  

  

 19,014,573

  

  

  

 18,260,066

  

  

  

 18,046,754

  

 

 
 Total deposits

  

  

 32,599,687

  

  

  

 32,632,756

  

  

  

 28,482,484

  

  

  

 27,782,094

  

  

  

 27,473,411

  

 

 
 Other borrowings

  

  

 2,400,000

  

  

  

 2,200,000

  

  

  

 1,950,000

  

  

  

 2,400,000

  

  

  

 2,900,000

  

 

 
 Securities sold under repurchase agreements

  

  

 199,576

  

  

  

 176,099

  

  

  

 201,216

  

  

  

 185,797

  

  

  

 183,572

  

 

 
 Subordinated notes and junior subordinated debentures

  

  

 70,000

  

  

  

 76,186

  

  

  

 —

  

  

  

 —

  

  

  

 —

  

 

 
 Allowance for credit losses on off-balance sheet credit exposures

  

  

 37,646

  

  

  

 37,646

  

  

  

 37,646

  

  

  

 37,646

  

  

  

 37,646

  

 

 
 Other liabilities

  

  

 260,343

  

  

  

 288,645

  

  

  

 175,939

  

  

  

 259,994

  

  

  

 222,987

  

 

 
 Total liabilities

  

  

 35,567,252

  

  

  

 35,411,332

  

  

  

 30,847,285

  

  

  

 30,665,531

  

  

  

 30,817,616

  

 

 
 Shareholders' equity(B)

  

  

 8,305,259

  

  

  

 8,207,851

  

  

  

 7,616,140

  

  

  

 7,664,938

  

  

  

 7,599,736

  

 

 
 Total liabilities and equity

  

 $

 43,872,511

  

  

 $

 43,619,183

  

  

 $

 38,463,425

  

  

 $

 38,330,469

  

  

 $

 38,417,352

  

 

  
(A) Includes ($319), $44, ($375), ($1,987) and ($1,657) in unrealized losses on available for sale securities for the quarterly periods ended June 30, 2026, March 31, 2026, December 31, 2025, September 30, 2025, and June 30, 2025, respectively.
(B) Includes ($251), $35, ($296), ($1,570) and ($1,309) in after-tax unrealized losses on available for sale securities for the quarterly periods ended June 30, 2026, March 31, 2026, December 31, 2025, September 30, 2025, and June 30, 2025, respectively.

 Page 7

 
  

 Prosperity Bancshares, Inc.®
Financial Highlights (Unaudited)
(In thousands)
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
  

  

 Three Months Ended

  

  

 Year-to-Date

  

 

 
  

  

 Jun 30,2026

  

  

 Mar 31,2026

  

  

 Dec 31,2025

  

  

 Sep 30,2025

  

  

 Jun 30,2025

  

  

 Jun 30,2026

  

  

 Jun 30,2025

  

 

 
 Income Statement Data

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Interest income:

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Loans

  

 $

 369,574

  

  

 $

 361,756

  

  

 $

 321,516

  

  

 $

 329,445

  

  

 $

 325,490

  

  

 $

 731,330

  

  

 $

 644,513

  

 

 
 Securities(C)

  

  

 81,200

  

  

  

 70,531

  

  

  

 56,767

  

  

  

 58,207

  

  

  

 57,836

  

  

  

 151,731

  

  

  

 115,722

  

 

 
 Federal funds sold and other earning assets

  

  

 8,719

  

  

  

 9,488

  

  

  

 8,364

  

  

  

 10,455

  

  

  

 9,438

  

  

  

 18,207

  

  

  

 25,334

  

 

 
 Total interest income

  

  

 459,493

  

  

  

 441,775

  

  

  

 386,647

  

  

  

 398,107

  

  

  

 392,764

  

  

  

 901,268

  

  

  

 785,569

  

 

 
  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Interest expense:

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Deposits

  

  

 107,084

  

  

  

 104,237

  

  

  

 94,625

  

  

  

 95,965

  

  

  

 93,790

  

  

  

 211,321

  

  

  

 189,387

  

 

 
 Other borrowings

  

  

 20,094

  

  

  

 14,783

  

  

  

 16,028

  

  

  

 27,613

  

  

  

 30,101

  

  

  

 34,877

  

  

  

 60,593

  

 

 
 Securities sold under repurchase agreements

  

  

 1,019

  

  

  

 902

  

  

  

 1,041

  

  

  

 1,094

  

  

  

 1,151

  

  

  

 1,921

  

  

  

 2,485

  

 

 
 Subordinated notes and junior subordinated debentures

  

  

 746

  

  

  

 703

  

  

  

 —

  

  

  

 —

  

  

  

 —

  

  

  

 1,449

  

  

  

 —

  

 

 
 Total interest expense

  

  

 128,943

  

  

  

 120,625

  

  

  

 111,694

  

  

  

 124,672

  

  

  

 125,042

  

  

  

 249,568

  

  

  

 252,465

  

 

 
 Net interest income

  

  

 330,550

  

  

  

 321,150

  

  

  

 274,953

  

  

  

 273,435

  

  

  

 267,722

  

  

  

 651,700

  

  

  

 533,104

  

 

 
 Provision for credit losses

  

  

 —

  

  

  

 —

  

  

  

 —

  

  

  

 —

  

  

  

 —

  

  

  

 —

  

  

  

 —

  

 

 
 Net interest income after provision for credit losses

  

  

 330,550

  

  

  

 321,150

  

  

  

 274,953

  

  

  

 273,435

  

  

  

 267,722

  

  

  

 651,700

  

  

  

 533,104

  

 

 
  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Noninterest income:

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Nonsufficient funds (NSF) fees

  

  

 11,349

  

  

  

 10,867

  

  

  

 9,715

  

  

  

 9,805

  

  

  

 8,885

  

  

  

 22,216

  

  

  

 18,032

  

 

 
 Credit card, debit card and ATM card income

  

  

 10,303

  

  

  

 9,483

  

  

  

 9,462

  

  

  

 9,446

  

  

  

 9,761

  

  

  

 19,786

  

  

  

 18,500

  

 

 
 Service charges on deposit accounts

  

  

 9,235

  

  

  

 8,680

  

  

  

 7,618

  

  

  

 7,317

  

  

  

 7,645

  

  

  

 17,915

  

  

  

 15,053

  

 

 
 Trust income

  

  

 4,943

  

  

  

 4,922

  

  

  

 3,662

  

  

  

 3,526

  

  

  

 3,859

  

  

  

 9,865

  

  

  

 7,460

  

 

 
 Mortgage income

  

  

 1,363

  

  

  

 1,280

  

  

  

 954

  

  

  

 931

  

  

  

 965

  

  

  

 2,643

  

  

  

 1,974

  

 

 
 Brokerage income

  

  

 1,478

  

  

  

 1,568

  

  

  

 1,570

  

  

  

 1,328

  

  

  

 1,225

  

  

  

 3,046

  

  

  

 2,487

  

 

 
 Bank owned life insurance income

  

  

 2,476

  

  

  

 2,598

  

  

  

 2,117

  

  

  

 2,111

  

  

  

 1,985

  

  

  

 5,074

  

  

  

 4,100

  

 

 
 Net gain (loss) on sale or write-down of assets

  

  

 (42

 )

  

  

 318

  

  

  

 35

  

  

  

 3

  

  

  

 1,414

  

  

  

 276

  

  

  

 1,179

  

 

 
 Net gain on sale or write-up of securities

  

  

 8,235

  

  

  

 —

  

  

  

 —

  

  

  

 —

  

  

  

 —

  

  

  

 8,235

  

  

  

 —

  

 

 
 Other noninterest income

  

  

 11,365

  

  

  

 6,758

  

  

  

 7,647

  

  

  

 6,771

  

  

  

 7,243

  

  

  

 18,123

  

  

  

 15,498

  

 

 
 Total noninterest income

  

  

 60,705

  

  

  

 46,474

  

  

  

 42,780

  

  

  

 41,238

  

  

  

 42,982

  

  

  

 107,179

  

  

  

 84,283

  

 

 
  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Noninterest expense:

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Salaries and benefits

  

  

 110,965

  

  

  

 109,211

  

  

  

 88,384

  

  

  

 87,949

  

  

  

 87,296

  

  

  

 220,176

  

  

  

 176,772

  

 

 
 Net occupancy and equipment

  

  

 10,685

  

  

  

 10,654

  

  

  

 9,379

  

  

  

 9,395

  

  

  

 9,168

  

  

  

 21,339

  

  

  

 18,314

  

 

 
 Credit and debit card, data processing and software amortization

  

  

 16,121

  

  

  

 18,114

  

  

  

 12,621

  

  

  

 12,515

  

  

  

 12,056

  

  

  

 34,235

  

  

  

 23,478

  

 

 
 Regulatory assessments and FDIC insurance

  

  

 5,287

  

  

  

 6,041

  

  

  

 1,600

  

  

  

 5,198

  

  

  

 5,508

  

  

  

 11,328

  

  

  

 11,297

  

 

 
 Core deposit intangibles amortization

  

  

 5,661

  

  

  

 5,259

  

  

  

 3,588

  

  

  

 3,602

  

  

  

 3,610

  

  

  

 10,920

  

  

  

 7,251

  

 

 
 Depreciation

  

  

 5,795

  

  

  

 5,548

  

  

  

 5,155

  

  

  

 4,966

  

  

  

 4,779

  

  

  

 11,343

  

  

  

 9,553

  

 

 
 Communications

  

  

 4,271

  

  

  

 3,834

  

  

  

 3,528

  

  

  

 3,480

  

  

  

 3,507

  

  

  

 8,105

  

  

  

 6,980

  

 

 
 Other real estate expense

  

  

 350

  

  

  

 341

  

  

  

 219

  

  

  

 314

  

  

  

 204

  

  

  

 691

  

  

  

 344

  

 

 
 Net (gain) loss on sale or write-down of other real estate

  

  

 (41

 )

  

  

 (41

 )

  

  

 109

  

  

  

 (81

 )

  

  

 (222

 )

  

  

 (82

 )

  

  

 (252

 )

 

 
 Merger related expenses

  

  

 755

  

  

  

 42,516

  

  

  

 268

  

  

  

 62

  

  

  

 —

  

  

  

 43,271

  

  

  

 —

  

 

 
 Other noninterest expense

  

  

 16,327

  

  

  

 15,810

  

  

  

 13,861

  

  

  

 11,235

  

  

  

 12,659

  

  

  

 32,137

  

  

  

 25,129

  

 

 
 Total noninterest expense

  

  

 176,176

  

  

  

 217,287

  

  

  

 138,712

  

  

  

 138,635

  

  

  

 138,565

  

  

  

 393,463

  

  

  

 278,866

  

 

 
 Income before income taxes

  

  

 215,079

  

  

  

 150,337

  

  

  

 179,021

  

  

  

 176,038

  

  

  

 172,139

  

  

  

 365,416

  

  

  

 338,521

  

 

 
 Provision for income taxes

  

  

 46,496

  

  

  

 34,070

  

  

  

 39,114

  

  

  

 38,482

  

  

  

 36,984

  

  

  

 80,566

  

  

  

 73,141

  

 

 
 Net income available to common shareholders

  

 $

 168,583

  

  

 $

 116,267

  

  

 $

 139,907

  

  

 $

 137,556

  

  

 $

 135,155

  

  

 $

 284,850

  

  

 $

 265,380

  

 

  
(C) Interest income on securities was reduced by net premium amortization of $3,790, $3,829, $4,668, $2,877, and $4,926 for the three months ended June 30, 2026, March 31, 2026, December 31, 2025, September 30, 2025, and June 30, 2025, respectively, and $7,619 and $9,953 for the six months ended June 30, 2026, and 2025, respectively.

 Page 8

 
  

 Prosperity Bancshares, Inc. ®
Financial Highlights (Unaudited)
(Dollars and share amounts in thousands, except per share data and market prices)
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
  

  

 Three Months Ended

  

  

 Year-to-Date

  

 

 
  

  

 Jun 30,2026

  

  

 Mar 31,2026

  

  

 Dec 31,2025

  

  

 Sep 30,2025

  

  

 Jun 30,2025

  

  

 Jun 30,2026

  

  

 Jun 30,2025

  

 

 
  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Profitability

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Net income (D) (E)

  

 $

 168,583

  

  

 $

 116,267

  

  

 $

 139,907

  

  

 $

 137,556

  

  

 $

 135,155

  

  

 $

 284,850

  

  

 $

 265,380

  

 

 
  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Basic earnings per share

  

 $

 1.67

  

  

 $

 1.16

  

  

 $

 1.49

  

  

 $

 1.45

  

  

 $

 1.42

  

  

 $

 2.84

  

  

 $

 2.79

  

 

 
 Diluted earnings per share

  

 $

 1.67

  

  

 $

 1.16

  

  

 $

 1.49

  

  

 $

 1.45

  

  

 $

 1.42

  

  

 $

 2.84

  

  

 $

 2.79

  

 

 
  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Return on average assets (F) (J)

  

  

 1.55

 %

  

  

 1.10

 %

  

  

 1.49

 %

  

  

 1.44

 %

  

  

 1.41

 %

  

  

 1.33

 %

  

  

 1.37

 %

 

 
 Return on average common equity (F) (J)

  

  

 8.14

 %

  

  

 5.70

 %

  

  

 7.30

 %

  

  

 7.18

 %

  

  

 7.13

 %

  

  

 6.93

 %

  

  

 7.03

 %

 

 
 Return on average tangible common equity (F) (G) (J)

  

  

 15.48

 %

  

  

 10.59

 %

  

  

 13.61

 %

  

  

 13.43

 %

  

  

 13.44

 %

  

  

 13.02

 %

  

  

 13.33

 %

 

 
 Tax equivalent net interest margin (D) (E) (H)

  

  

 3.47

 %

  

  

 3.51

 %

  

  

 3.30

 %

  

  

 3.24

 %

  

  

 3.18

 %

  

  

 3.49

 %

  

  

 3.16

 %

 

 
 Efficiency ratio (G) (I) (K)

  

  

 45.99

 %

  

  

 59.16

 %

  

  

 43.66

 %

  

  

 44.06

 %

  

  

 44.80

 %

  

  

 52.44

 %

  

  

 45.26

 %

 

 
  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Liquidity and Capital Ratios

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Equity to assets

  

  

 18.93

 %

  

  

 18.82

 %

  

  

 19.80

 %

  

  

 20.00

 %

  

  

 19.78

 %

  

  

 18.93

 %

  

  

 19.78

 %

 

 
 Common equity tier 1 capital

  

  

 15.94

 %

  

  

 15.45

 %

  

  

 17.55

 %

  

  

 17.53

 %

  

  

 17.10

 %

  

  

 15.94

 %

  

  

 17.10

 %

 

 
 Tier 1 risk-based capital

  

  

 15.94

 %

  

  

 15.45

 %

  

  

 17.55

 %

  

  

 17.53

 %

  

  

 17.10

 %

  

  

 15.94

 %

  

  

 17.10

 %

 

 
 Total risk-based capital

  

  

 17.38

 %

  

  

 16.63

 %

  

  

 18.80

 %

  

  

 18.78

 %

  

  

 18.35

 %

  

  

 17.38

 %

  

  

 18.35

 %

 

 
 Tier 1 leverage capital

  

  

 11.12

 %

  

  

 11.22

 %

  

  

 11.93

 %

  

  

 11.90

 %

  

  

 11.62

 %

  

  

 11.12

 %

  

  

 11.62

 %

 

 
 Period end tangible equity to period end tangible assets (G)

  

  

 10.96

 %

  

  

 10.77

 %

  

  

 11.63

 %

  

  

 11.81

 %

  

  

 11.58

 %

  

  

 10.96

 %

  

  

 11.58

 %

 

 
  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Other Data

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Weighted-average shares used in computing earnings per common share

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Basic

  

  

 100,783

  

  

  

 99,825

  

  

  

 94,044

  

  

  

 95,093

  

  

  

 95,277

  

  

  

 100,306

  

  

  

 95,271

  

 

 
 Diluted

  

  

 100,783

  

  

  

 99,825

  

  

  

 94,044

  

  

  

 95,093

  

  

  

 95,277

  

  

  

 100,306

  

  

  

 95,271

  

 

 
 Period end shares outstanding

  

  

 100,646

  

  

  

 100,835

  

  

  

 93,058

  

  

  

 94,993

  

  

  

 95,277

  

  

  

 100,646

  

  

  

 95,277

  

 

 
 Cash dividends paid per common share

  

 $

 0.60

  

  

 $

 0.60

  

  

 $

 0.60

  

  

 $

 0.58

  

  

 $

 0.58

  

  

 $

 1.20

  

  

 $

 1.16

  

 

 
 Book value per common share

  

 $

 82.52

  

  

 $

 81.40

  

  

 $

 81.84

  

  

 $

 80.69

  

  

 $

 79.76

  

  

 $

 82.52

  

  

 $

 79.76

  

 

 
 Tangible book value per common share (G)

  

 $

 43.48

  

  

 $

 42.39

  

  

 $

 43.64

  

  

 $

 43.23

  

  

 $

 42.38

  

  

 $

 43.48

  

  

 $

 42.38

  

 

 
  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 Common Stock Market Price

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

  

 

 
 High

  

 $

 74.37

  

  

 $

 77.20

  

  

 $

 73.90

  

  

 $

 75.44

  

  

 $

 74.56

  

  

 $

 77.20

  

  

 $

 82.75

  

 

 
 Low

  

 $

 65.90

  

  

 $

 63.20

  

  

 $

 61.07

  

  

 $

 64.27

  

  

 $

 61.5