Prosperity Bancshares, Inc. (PB) financial statements (2021 and earlier)

Company profile

Business Address 4295 SAN FELIPE
HOUSTON, TX 77027
State of Incorp. TX
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments574420302291411294275
Cash and cash equivalents574420302291411294275
Total current assets:574420302291411294275
Noncurrent Assets
Operating lease, right-of-use asset5417  
Property, plant and equipment327264262258257256255
Intangible assets, net (including goodwill)3,3101,9301,9311,9321,9341,9351,937
Goodwill3,2241,9011,9011,9011,9011,9011,901
Intangible assets, net (excluding goodwill)86293032333436
Total noncurrent assets:3,6912,2112,1942,1902,1912,1922,192
Other undisclosed assets27,92119,46219,88019,87320,09220,12720,103
TOTAL ASSETS:32,18622,09322,37522,35422,69322,61322,571
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt377311314255285297293
Total current liabilities:377311314255285297293
Noncurrent Liabilities
Other undisclosed liabilities25,83817,65517,93417,99018,35618,32018,342
Total liabilities:26,21517,96618,24718,24418,64118,61718,635
Stockholders' equity
Stockholders' equity attributable to parent5,9714,1274,1284,1104,0533,9963,935
Common stock95686970707070
Additional paid in capital3,7351,9602,0132,0482,0452,0432,040
Accumulated other comprehensive income1011000
Retained earnings2,1412,0982,0451,9911,9371,8831,825
Total stockholders' equity:5,9714,1274,1284,1104,0533,9963,935
TOTAL LIABILITIES AND EQUITY:32,18622,09322,37522,35422,69322,61322,571

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues224135134131131129129
Net investment income223135134130131129128
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(2)(1)(1)(1)(1)(2)(4)
Gross profit:222134133130130127125
Operating expenses(66)(12)(12)(12)(16)(13)(13)
Other operating income, net
(Noninterest Income, Other Operating Income)
8665665
Operating income:164128128123119121117
Nonoperating expense    (2)  
Interest and debt expense(41)(32)(33)(31)(30)(27)(23)
Other undisclosed loss from continuing operations before equity method investments, income taxes(2)      
Income from continuing operations before equity method investments, income taxes:122969592889395
Other undisclosed income (loss) from continuing operations before income taxes(13)781217118
Income from continuing operations before income taxes:109103103104105104103
Income tax expense(23)(21)(21)(21)(21)(21)(21)
Net income available to common stockholders, diluted:86828282838382

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:86828282838382
Other comprehensive income (loss)1(1)10(0)00
Comprehensive income, net of tax, attributable to parent:87818383838382

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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