- Prosperity Bancshares (PB, Financial) reported a significant 17.9% increase in net income for Q1 2025, reaching $130.2 million.
- Earnings per share grew 16.1% to $1.37 from $1.18 in the previous year.
- Net interest margin improved by 35 basis points, reaching 3.14%.
Prosperity Bancshares (PB) has announced impressive financial results for the first quarter of 2025. The company reported a net income of $130.2 million, reflecting a robust 17.9% increase compared to the same period in 2024. Earnings per share also saw significant growth, rising 16.1% to $1.37 from $1.18 in Q1 2024.
The bank's net interest margin saw an improvement of 35 basis points, reaching 3.14%, underscoring the effectiveness of their financial strategies in the current market environment. Noninterest-bearing deposits grew to $9.7 billion, comprising 34.5% of the total deposits, while borrowings were reduced by $500 million during the quarter.
Prosperity Bancshares maintained strong asset quality, with nonperforming assets remaining low at 0.24% of average interest-earning assets. The bank's total assets stood at $38.765 billion as of March 31, 2025, with loans totaling $21.978 billion and deposits at $28.027 billion.
CEO David Zalman expressed optimism about the bank's future, highlighting expectations for continued net interest margin expansion as assets are repriced. Prosperity Bancshares continues to rank favorably in industry reviews, including being named in Forbes' 2025 America's Best Banks and receiving accolades from Newsweek and Money magazine.
