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Prosperity Bancshares Inc   (PB)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

PB's Net Income Growth by Quarter and Year

Prosperity Bancshares Inc 's Net Income results by quarter and year




PB Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December - 137.88 128.59 130.06
III Quarter September 112.21 135.82 130.61 130.90
II Quarter June 86.94 128.49 133.31 130.85
I Quarter March 124.69 122.33 137.09 86.13
FY   323.84 524.52 529.60 477.94



PB Net Income third quarter 2023 Y/Y Growth Comment
Prosperity Bancshares Inc reported decline in Net Income in the third quarter 2023 by -17.38% to $ 112.21 millions, from the same quarter in 2022.
The contraction in the third quarter 2023 Prosperity Bancshares Inc 's Net Income compares unfavorably to the Company's average Net Income increase of 10.1%.

Looking into third quarter 2023 results within Regional Banks industry 100 other companies have achieved higher Net Income growth. While Prosperity Bancshares Inc ' s Net Income fall of -17.38% ranks overall at the positon no. 856 in the third quarter 2023.




PB Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December - 7.22 % -1.13 % 59.08 %
III Quarter September -17.38 % 3.99 % -0.22 % 59.13 %
II Quarter June -32.34 % -3.62 % 1.88 % 58.8 %
I Quarter March 1.93 % -10.77 % 59.17 % 3.36 %
FY   - -0.96 % 10.81 % 44.94 %

Financial Statements
Prosperity Bancshares Inc 's third quarter 2023 Net Income $ 112.21 millions PB's Income Statement
Prosperity Bancshares Inc 's third quarter 2022 Net Income $ 135.82 millions Quarterly PB's Income Statement
New: More PB's historic Net Income Growth >>


PB Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December - 1.52 % -1.55 % -0.64 %
III Quarter September 29.06 % 5.7 % -2.03 % 0.04 %
II Quarter June -30.28 % 5.04 % -2.76 % 51.92 %
I Quarter March -9.57 % -4.87 % 5.41 % 5.34 %
FY (Year on Year)   - -0.96 % 10.81 % 44.94 %




Net Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #101
Financial Sector #263
Overall #856

Net Income Y/Y Growth Statistics
High Average Low
59.04 % 10.1 % -13.36 %
(Dec 31 2020)   (Sep 30 2017)
Net Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #101
Financial Sector #263
Overall #856
Net Income Y/Y Growth Statistics
High Average Low
59.04 % 10.1 % -13.36 %
(Dec 31 2020)   (Sep 30 2017)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Prosperity Bancshares Inc 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
163.61 % 6.06 % -59.49 %
(Dec 31 2012)  


PB's III. Quarter Q/Q Net Income Comment
Prosperity Bancshares Inc achieved in the III. Quarter 2023 above company average sequential Net Income jump of 29.06%, to $ 112.21 millions, from $86.94 millions in the second quarter.
Prosperity Bancshares Inc is impressively improving, with recording higher then regular growth, and also accelerating speed, Jocelyn Jones, Regional Banks industry insider mentioned.

Within Regional Banks industry 21 other companies have achieved higher Net Income quarter on quarter growth. While Prosperity Bancshares Inc 's Net Income growth quarter on quarter, overall rank is 423.


Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #22
Financial Sector #116
Overall #423
Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #22
Financial Sector #116
Overall #423
Net Income Q/Q Growth Statistics
High Average Low
163.61 % 6.06 % -59.49 %
(Dec 31 2012)  


PB's III. Quarter Q/Q Net Income Comment
Prosperity Bancshares Inc achieved in the III. Quarter 2023 above company average sequential Net Income jump of 29.06%, to $ 112.21 millions, from $86.94 millions in the second quarter.
PB is impressively improving, not only reporting above regular gain, and also improving speed.

Within Regional Banks industry 21 other companies have achieved higher Net Income quarter on quarter growth. While Prosperity Bancshares Inc 's Net Income growth quarter on quarter, overall rank is 423.


Prosperity Bancshares Inc 's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
Cumulative Net Income 12 Months Ending $ 461.72 $ 485.33 $ 526.88 $ 524.52 $ 515.23
Y / Y Net Income Growth (TTM) -10.38 % -4.84 % 2.34 % -0.96 % -2.98 %
Year on Year Net Income Growth Overall Ranking # 1070 # 1168 # 887 # 702 # 1024
Seqeuential Net Income Change (TTM) -4.87 % -7.89 % 0.45 % 1.8 % 1.02 %
Seq. Net Income Growth (TTM) Overall Ranking # 856 # 1105 # 888 # 892 # 1120




Cumulative Net Income growth Comment
Prosperity Bancshares Inc 's cumulative 12 months Net Income continue to decline, but on the faster rate at -10.38% year on year, at Sep 30 2023 compare to the -4.84% decrease at Jun 30 2023. If the Prosperity Bancshares Inc 's fiscal year would end at Sep 30 2023, annual Net Income would be $462 millions.

In the Financial sector 309 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 1070, from total ranking in previous quarter at 1168.

Net Income TTM Q/Q Growth Statistics
High Average Low
59.04 %
10.1 %
-13.36 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 101
Financial Sector # 310
Overall # 1070

Net Income TTM Y/Y Growth Statistics
High Average Low
59.04 %
10.1 %
-13.36 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 101
Sector # 263
S&P 500 # 856
Cumulative Net Income growth Comment
Prosperity Bancshares Inc 's cumulative 12 months Net Income continue to decline, but on the faster rate at -10.38% year on year, at Sep 30 2023 compare to the -4.84% decrease at Jun 30 2023. If the Prosperity Bancshares Inc 's fiscal year would end at Sep 30 2023, annual Net Income would be $462 millions.

In the Financial sector 309 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 1070, from total ranking in previous quarter at 1168.

Net Income TTM Q/Q Growth Statistics
High Average Low
59.04 %
10.1 %
-13.36 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 101
Financial Sector # 310
Overall # 1070

Net Income TTM Y/Y Growth Statistics
High Average Low
59.04 %
10.1 %
-13.36 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 101
Sector # 263
S&P 500 # 856




Other Net Income Growth
Regional Banks Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
PB's Net Income Growth Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for PB's Competitors
Net Income Growth for Prosperity Bancshares Inc 's Suppliers
Net Income Growth for PB's Customers

You may also want to know
PB's Annual Growth Rates PB's Profitability Ratios PB's Asset Turnover Ratio PB's Dividend Growth
PB's Roe PB's Valuation Ratios PB's Financial Strength Ratios PB's Dividend Payout Ratio
PB's Roa PB's Inventory Turnover Ratio PB's Growth Rates PB's Dividend Comparisons



Companies with similar Net Income decline for the quarter ending Sep 30 2023 within Financial SectorY/Y Change %Net Income for the quarter ending Sep 30 2023
Essent Group Ltd -0.05%$ -0.052 millions
Sierra Bancorp-0.50%$ -0.503 millions
Southern States Bancshares Inc -1.06%$ -1.060 millions
Apple Hospitality Reit Inc -1.07%$ -1.072 millions
Ally Financial Inc -1.10%$ -1.103 millions
Raymond James Financial Inc -1.14%$ -1.139 millions
Four Corners Property Trust Inc -1.47%$ -1.466 millions
Equifax inc -1.56%$ -1.558 millions
Aflac Incorporated-1.69%$ -1.692 millions
Crossfirst Bankshares inc -1.75%$ -1.750 millions
Blue Ocean Acquisition Corp-1.96%$ -1.963 millions
California Bancorp-2.19%$ -2.191 millions
Bank7 Corp -2.34%$ -2.338 millions
Hennessy Advisors Inc-2.40%$ -2.402 millions
East West Bancorp inc -2.57%$ -2.574 millions
Commerce Bancshares Inc -2.76%$ -2.763 millions
Amalgamated Financial Corp -2.77%$ -2.772 millions
Bar Harbor Bankshares-2.85%$ -2.852 millions
Stonex Group Inc -3.06%$ -3.059 millions
Webster Financial Corporation-3.20%$ -3.203 millions
Lamar Advertising Co-3.88%$ -3.882 millions
Diamondrock Hospitality Co-4.29%$ -4.290 millions
Csb Bancorp Inc-4.63%$ -4.630 millions
Silvercrest Asset Management Group Inc -4.66%$ -4.661 millions
Alerus Financial Corporation-4.76%$ -4.761 millions
New Peoples Bankshares Inc -4.83%$ -4.834 millions
Consumers Bancorp Inc-4.93%$ -4.931 millions
Stock Yards Bancorp Inc -5.07%$ -5.074 millions
Cf Bankshares Inc -5.13%$ -5.131 millions
Five Star Bancorp-5.63%$ -5.631 millions




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