Prosperity Bancshares Inc. Announces Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2018; Reports Net Charge-Offs for the Three Months Ended December 31, 2018
January 30, 2019 at 05:00 pm IST
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Prosperity Bancshares Inc. announced unaudited earnings results for the fourth quarter and year ended December 31, 2018. For the quarter, the company reported net interest income was $157,248,000 compared to $156,050,000 a year ago. Net income available to common shareholders was $83,331,000 compared to $67,138,000 a year ago. Basic earnings per share were $1.19 compared to $0.97 a year ago.
For the year, the company reported net interest income was $629,593,000 compared to $616,863,000 a year ago. Net income available to common shareholders was $321,812,000 compared to $272,165,000 a year ago. Basic earnings per share were $4.61 compared to $3.92 a year ago.
Net charge-offs were $556,000 for the three months ended December 31, 2018 compared with $4.771 million for the three months ended December 31, 2017.
Prosperity Bancshares, Inc. is a regional financial holding company providing personal banking services and investments to consumers and businesses throughout Texas and Oklahoma. The Company's traditional deposit products include certificates of deposit, interest-checking accounts, money market accounts and savings accounts. It also offers digital banking solutions, credit and debit cards, mortgage services, retail brokerage services, trust and wealth management, and treasury management. It operates around 288 full-service banking locations: 65 in the Houston area, including The Woodlands; 30 in the South Texas area including Corpus Christi and Victoria; 62 in the Dallas/Fort Worth area; 22 in the East Texas area; 31 in the Central Texas area including Austin and San Antonio; 49 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; and 8 in the Tulsa, Oklahoma area.
Prosperity Bancshares Inc. Announces Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2018; Reports Net Charge-Offs for the Three Months Ended December 31, 2018
PROSPERITY BANCSHARES, INC. 
