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Prosperity Bancshares: Q3 Earnings Snapshot
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HOUSTON (AP) — HOUSTON (AP) — Prosperity Bancshares Inc. (PB) on Wednesday reported third-quarter net income of $141.5 million.

The bank, based in Houston, said it had earnings of $1.18 per share. Earnings, adjusted for one-time gains and costs, came to $1.67 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.

The financial holding company posted revenue of $660 million in the period. Its revenue net of interest expense was $495.7 million, which missed Street forecasts. Five analysts surveyed by Zacks expected $498 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PB at https://www.zacks.com/ap/PB

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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