Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides financial products and services to businesses and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts, as well as and certificates of deposit. The company also offers 1-4 family residential mortgage, commercial real estate and multifamily residential, commercial and industrial, agricultural, and non-real estate agricultural loans, as well as construction, land development, and other land loans; consumer loans, including automobile, recreational vehicle, boat, home improvement, personal, and deposit account collateralized loans; term loans and lines of credit; and consumer durables and home equity loans, as well as loans for working capital, business expansion, and purchase of equipment and machinery. In addition, it provides internet banking, mobile banking, trust and wealth management, retail brokerage, mortgage services, and treasury management, as well as debit and credit cards. The company was incorporated in 1983 and is headquartered in Houston, Texas.
Margin Momentum | Prosperity Bancshares shows core margin expansion and stable fee trends, with anticipated NIM improvements in fiscal years 2024 and 2025 boosting profitability. |
Growth Hurdles | Explore the challenges of stagnant organic loan growth and its potential impact on Prosperity Bancshares' revenue expansion and market competitiveness. |
Balance Sheet Mastery | Delve into Prosperity's strategic asset repricing approach, supporting margin improvement and overall financial health in the medium term. |
Analyst Perspectives | Analysts set price targets ranging from $70 to $77, reflecting varied outlooks on Prosperity's ability to leverage its strengths amid industry opportunities. |
Metrics to compare | PB | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipPBPeersSector | |
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P/E Ratio | 15.5x | 13.5x | 8.9x | |
PEG Ratio | 1.30 | 0.04 | 0.03 | |
Price/Book | 1.0x | 1.0x | 1.0x | |
Price / LTM Sales | 6.3x | 3.7x | 2.8x | |
Upside (Analyst Target) | 14.1% | 14.8% | 12.8% | |
Fair Value Upside | Unlock | 0.4% | 3.8% | Unlock |