Prosperity Bancshares (PB) Tops Q1 EPS by 2c
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Prosperity Bancshares, Inc.® Reports First Quarter 2016 Earnings
April 27, 2016 6:30 AM EDTHOUSTON, April 27, 2016 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB), the parent company of Prosperity Bank® (collectively, "Prosperity"), reported net income for the quarter ended March 31, 2016 of $68.951 million or $0.98 per diluted common share. Additionally, nonperforming assets remain low at 0.29% of first quarter average earning assets.
"I am pleased to share the positive earnings we showed for the first quarter of 2016. We showed an impressive return on first quarter average tangible common equity of 17.60% and a notable 1.24% annualized return on first quarter average assets. Our earnings were impacted by a larger than normal... More
