PROSPERITY BANCSHARES INC
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
PB$71.87-0.1%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of March 31, 2024 (unaudited) and December 31, 2023
CONSOLIDATED BALANCE SHEETS
| March 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| (unaudited) | ||
| (Dollars in thousands, except par value) | ||
| ASSETS | ||
| Cash and due from banks | $1,086,444 | $458,153 |
| Federal funds sold | 250 | 260 |
| Total cash and cash equivalents | 1,086,694 | 458,413 |
| Available for sale securities, at fair value | 315,300 | 438,588 |
| Held to maturity securities, at cost (fair value of $10,478,359 and $10,984,598, respectively) | 11,985,838 | 12,365,308 |
| Total securities | 12,301,138 | 12,803,896 |
| Loans held for sale | 6,380 | 5,734 |
| Loans held for investment | 20,393,943 | 20,352,559 |
| Loans held for investment - Warehouse Purchase Program | 864,924 | 822,245 |
| Total loans | 21,265,247 | 21,180,538 |
| Less: allowance for credit losses on loans | (330,219) | (332,362) |
| Loans, net | 20,935,028 | 20,848,176 |
| Accrued interest receivable | 97,671 | 96,327 |
| Goodwill | 3,396,402 | 3,396,086 |
| Core deposit intangibles, net | 60,757 | 63,994 |
| Bank premises and equipment, net | 372,333 | 369,992 |
| Other real estate owned | 2,204 | 1,708 |
| Bank owned life insurance (BOLI) | 380,615 | 379,447 |
| Federal Home Loan Bank of Dallas stock | 8,750 | 8,750 |
| Other assets | 114,928 | 121,088 |
| TOTAL ASSETS | $38,756,520 | $38,547,877 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| LIABILITIES: | ||
| Deposits: | ||
| Noninterest-bearing | $9,526,535 | $9,776,572 |
| Interest-bearing | 17,648,983 | 17,403,237 |
| Total deposits | 27,175,518 | 27,179,809 |
| Other borrowings | 3,900,000 | 3,725,000 |
| Securities sold under repurchase agreements | 261,671 | 309,277 |
| Accrued interest payable | 75,871 | 34,819 |
| Allowance for credit losses on off-balance sheet credit exposures | 36,503 | 36,503 |
| Other liabilities | 202,413 | 183,139 |
| Total liabilities | 31,651,976 | 31,468,547 |
| COMMITMENTS AND CONTINGENCIES | — | — |
| SHAREHOLDERS’ EQUITY: | ||
| Preferred stock, $1 par value; 20,000,000 shares authorized; none issued or outstanding | — | — |
| Common stock, $1 par value; 200,000,000 shares authorized; 93,525,291 issued and outstanding at March 31, 2024; 93,722,383 shares issued and outstanding at December 31, 2023 | 93,525 | 93,723 |
| Capital surplus | 3,672,090 | 3,703,795 |
| Retained earnings | 3,341,262 | 3,283,210 |
| Accumulated other comprehensive loss —net unrealized loss on available for sale securities, net of tax benefit of $(620) and $(372), respectively | (2,333) | (1,398) |
| Total shareholders’ equity | 7,104,544 | 7,079,330 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $38,756,520 | $38,547,877 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.