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Prosperity Bancshares Q4 2023 Earnings Report

Prosperity Bancshares logo
$74.95 +0.84 (+1.13%)
(As of 12/20/2024 05:31 PM ET)

Prosperity Bancshares EPS Results

Actual EPS
$1.19
Consensus EPS
$1.15
Beat/Miss
Beat by +$0.04
One Year Ago EPS
$1.51

Prosperity Bancshares Revenue Results

Actual Revenue
$413.00 million
Expected Revenue
$279.34 million
Beat/Miss
Beat by +$133.66 million
YoY Revenue Growth
N/A

Prosperity Bancshares Announcement Details

Quarter
Q4 2023
Time
Before Market Opens

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Prosperity Bancshares Earnings Headlines

Prosperity Bancshares price target raised to $88 from $84 at Barclays
Why I'm telling friends to avoid gold stocks
Back in November, gold made a tiny move of 1.6%. But according to my backtesting by using a special type of gold trade, I would have seen a 141% gain in just a week. It happened again in March. Gold nudged up 1.2%. This time? A 104% overnight gain. And in June? A 1% gold move turned into a 74% gain in two weeks. Granted, there would have been smaller wins and those that did not work out, but you see, there's a reason I'm telling all my friends to hold off from buying gold or regular gold stocks right now. There's a more lucrative way to play the gold market as we enter a new breakout period. It's all about catching what I call "Acceleration Cycles."
Prosperity Bancshares price target raised to $84 from $76 at Barclays
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About Prosperity Bancshares

Prosperity Bancshares (NYSE:PB) 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.

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