7/107 sources · 6 publishersUpdated Oct 28, 13:31 UTC
Prosperity Bancshares posts Q3 2026 earnings with dividend hike and strong loan‑deposit growth
Prosperity Bancshares reported third‑quarter 2026 net income of $141.5 million, or $1.18 earnings per share, and an adjusted EPS of $1.67 after excluding merger‑related costs. The board approved a 6.67% dividend increase to $0.64 per share, the 23rd consecutive annual rise. Loans grew 28.1% to $7.03 billion and deposits rose 26.5% to $8.63 billion, reflecting the recent mergers. Net interest margin increased 26 basis points to 3.73%.
Why it matters
The GAAP EPS of $1.67 beat analysts’ expectations by $0.30, indicating stronger profitability. The dividend increase signals management confidence in the bank’s growth trajectory.
Key facts
- 1Net income was $141.5 million and diluted EPS was $1.18 for Q3 2026. prnewswire.com
- 2Adjusted net income excluding merger‑related expenses was $200.8 million, yielding adjusted EPS of $1.67. prnewswire.com
- 3The board approved a dividend of $0.64 per share, a 6.67% increase and the 23rd consecutive annual rise. prnewswire.com
- 4Loans increased $7.03 billion, or 28.1%, during the quarter. prnewswire.com
- 5Deposits increased $8.63 billion, or 26.5%, during the quarter. prnewswire.com
- 6Net interest margin rose 26 basis points to 3.73% compared with the prior quarter. prnewswire.com
Open questions
- Revenue figures differ: $475.7 million reported, $495.7 million reported, and $491.49 million expected.
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.