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Posted by
Two Blokes April 23, 2025 -
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Stock
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First quarter earnings per share (diluted) of $1.37, an increase of 16.1% compared to first quarter 2024 First quarter net income increased 17.9% to $130.2 million compared to first quarter 2024 First quarter net interest margin increased 35 basis points to 3.14% compared to first quarter 2024 Noninterest-bearing deposits of $9.7 billion, representing 34.5% of total deposits Borrowings decreased $500.0 million during first quarter 2025 Allowance for credit losses on loans and on off-balance sheet credit exposure of $386.7 million and allowance for credit losses on loans to total loans, excluding Warehouse Purchase Program, of 1.67%(1) Nonperforming assets remain low at 0.24% of first quarter average interest-earning assets Return (annualized) on first quarter average assets of 1.34% and average tangible common equity of 13.23%(1) Named in Forbes' 2025 America's Best Banks Ranked among "America's Best Regional Banks" by Newsweek in 2025 Named Best Overall Bank in Texas by Money for 2025 HOUSTON , April 23, 2025 /PRNewswire/ -- Prosperity Bancshares, Inc.\u00ae (NYSE: PB), the parent company of Prosperity Bank\u00ae (collectively, "Prosperity"), reported net income of $130.2 million for the quarter ended March 31, 2025 compared with $110.4 million for the same period in 2024. Net income per diluted common share was $1.37 for the quarter ended March 31, 2025 compared with $1.18 for the same period in 2024.
