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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,343574411392437564678
Cash and cash equivalents1,343574411392437564678
Disposal group, including discontinued operation      9
Total current assets:1,343574411392437564686
Noncurrent Assets
Operating lease, right-of-use asset5754
Property, plant and equipment324327257257262268282
Intangible assets, net (including goodwill)3,3053,3101,9341,9401,9471,9181,933
Goodwill3,2323,2241,9011,9011,9011,8691,874
Intangible assets, net (excluding goodwill)73863339464959
Total noncurrent assets:3,6853,6912,1912,1972,2092,1862,215
Other undisclosed assets29,03127,92120,09219,99819,68519,28718,607
TOTAL ASSETS:34,05932,18622,69322,58722,33122,03721,508
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt390377285324320315483
Total current liabilities:390377285324320315483
Noncurrent Liabilities
Long-term debt and lease obligation   5669
Long-term debt, excluding current maturities   5669
Total noncurrent liabilities:   5669
Other undisclosed liabilities27,53925,83818,35618,43418,36318,25317,771
Total liabilities:27,92926,21518,64118,76318,68918,57418,263
Stockholders' equity
Stockholders' equity attributable to parent6,1315,9714,0533,8243,6423,4633,245
Common stock93957069697070
Treasury stock, value     (1)(1)
Additional paid in capital3,6343,7352,0452,0352,0282,0362,025
Accumulated other comprehensive income (loss)110(0)124
Retained earnings2,4032,1411,9371,7201,5431,3551,147
Total stockholders' equity:6,1315,9714,0533,8243,6423,4633,245
TOTAL LIABILITIES AND EQUITY:34,05932,18622,69322,58722,33122,03721,508

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues978624507533538570625
Net investment income976621504469475476526
Financial services revenue64629599
Cost of revenue(20)(4)(16)(14)(24)(8)(18)
Provision for loan, lease, and other losses(20)(4)(16)
Financial services costs(14)(24)(8)(18)
Gross profit:958620490519514563607
Operating expenses(88)(102)(55)(247)(250)(243)(269)
Other operating income, net
(Noninterest Income, Other Operating Income)
29262222212424
Operating income:899544457294284344362
Nonoperating income (expense)(3)(2)(2)(3)(2)(3)7
Investment income, nonoperating(3)(2)(2)(3)(2)(3)(2)
Gains on sales of other real estate      4
Bank owned life insurance income      5
Interest and debt expense(113)(137)(98)(60)(43)(39)(44)
Other undisclosed income from continuing operations before equity method investments, income taxes     129120
Income from continuing operations before equity method investments, income taxes:783405358231239430446
Other undisclosed income (loss) from continuing operations before income taxes(137)1445175170  
Income from continuing operations before income taxes:645419403406409430446
Income tax expense(116)(87)(81)(134)(134)(144)(148)
Net income available to common stockholders, diluted:529333322272274287297

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:529333322272274287297
Other comprehensive income (loss)000(2)(1)(2)(1)
Comprehensive income, net of tax, attributable to parent:529333322271274285296

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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