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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments574411392437564678381
Cash and cash equivalents574411392437564678381
Disposal group, including discontinued operation     9 
Total current assets:574411392437564686381
Noncurrent Assets
Operating lease, right-of-use asset54
Property, plant and equipment327257257262268282283
Intangible assets, net (including goodwill)3,3101,9341,9401,9471,9181,9331,714
Goodwill3,2241,9011,9011,9011,8691,8741,672
Intangible assets, net (excluding goodwill)86333946495942
Total noncurrent assets:3,6912,1912,1972,2092,1862,2151,996
Other undisclosed assets27,92120,09219,99819,68519,28718,60716,264
TOTAL ASSETS:32,18622,69322,58722,33122,03721,50818,642
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt377285324320315483 
Total current liabilities:377285324320315483 
Noncurrent Liabilities
Long-term debt and lease obligation  566911
Long-term debt, excluding current maturities  566911
Total noncurrent liabilities:  566911
Other undisclosed liabilities25,83818,35618,43418,36318,25317,77115,845
Total liabilities:26,21518,64118,76318,68918,57418,26315,855
Stockholders' equity
Stockholders' equity attributable to parent5,9714,0533,8243,6423,4633,2452,787
Common stock95706969707066
Treasury stock, value    (1)(1)(1)
Additional paid in capital3,7352,0452,0352,0282,0362,0251,799
Accumulated other comprehensive income (loss)10(0)1245
Retained earnings2,1411,9371,7201,5431,3551,147918
Total stockholders' equity:5,9714,0533,8243,6423,4633,2452,787
TOTAL LIABILITIES AND EQUITY:32,18622,69322,58722,33122,03721,50818,642

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues62450753353857062513
Net investment income621504469475476526 
Financial services revenue6462959913
Cost of revenue(4)(16)(14)(24)(8)(18)(17)
Provision for loan, lease, and other losses(4)(16)
Financial services costs(14)(24)(8)(18)(17)
Gross profit:620490519514563607(4)
Operating expenses(102)(55)(247)(250)(243)(269)(166)
Other operating income, net
(Noninterest Income, Other Operating Income)
26222221242415
Operating income (loss):544457294284344362(155)
Nonoperating income (expense)(2)(2)(3)(2)(3)73
Investment income, nonoperating(2)(2)(3)(2)(3)(2)(0)
Gains on sales of other real estate     4 
Bank owned life insurance income     54
Interest and debt expense(137)(98)(60)(43)(39)(44)(40)
Other undisclosed income from continuing operations before equity method investments, income taxes    129120522
Income from continuing operations before equity method investments, income taxes:405358231239430446330
Other undisclosed income from continuing operations before income taxes1445175170   
Income from continuing operations before income taxes:419403406409430446330
Income tax expense(87)(81)(134)(134)(144)(148)(108)
Net income available to common stockholders, diluted:333322272274287297221

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:333322272274287297221
Other comprehensive income (loss)00(2)(1)(2)(1)(4)
Comprehensive income, net of tax, attributable to parent:333322271274285296217

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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