PB earnings analysis
What we found in PB's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Prosperity Bancshares, Inc. reported a strong Q1 2026 with revenues increasing from $434 million in Q1 2025 to $368 million in Q1 2026, reflecting a 7.7% growth. The gross margin improved to 70.7%, while diluted EPS was reported at $1.50, slightly above the analyst estimate of $1.44. Noteworthy growth in loans and deposits, attributed to recent mergers, has positively impacted the company’s financial footing, despite incurring significant merger-related expenses.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Strong Revenue Growth
- Revenue increased to $367.6 million from $434 million year-over-year, a 7.7% rise.
- Improved Gross Margin
- Gross margin increased to 70.7% compared to 68.2% last year.
- Higher EPS Performance
- Diluted EPS rose to $1.50, beating the estimate of $1.44.
- Loan Portfolio Expansion
- Total loans increased by 16.0% to $25.29 billion from $21.81 billion.
- Deposit Increase
- Total deposits rose to $32.63 billion, a 14.6% increase from $28.48 billion.
- Significant Noninterest Income Growth
- Noninterest income grew by 12.5% to $46.5 million compared to $41.3 million last year.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Merger-Related Expenses
- Merger-related expenses amounted to $42.5 million, impacting net income.
- Increased Charge-Offs
- Net charge-offs rose significantly to $41.3 million from $2.7 million a year ago.
- Declining Noninterest Income Impact
- Despite growth, the efficiency ratio worsened to 59.16% from 45.71% year-over-year.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.5
- Gross margin
- 70.7%
What they said about what is next.
Future expectations deferred to the upcoming earnings press release.
The filing reads better than the one before it.
What came before.
- 10-K · February 26, 2026
- Prosperity Bancshares positions itself as a community-focused regional bank pursuing growth through internal lending expansion and a disciplined acquisition strategy while maintaining strict cost controls and sound…
- 10-Q · November 7, 2025
- Prosperity Bancshares reported Q3 2025 net income of $137,556,000 and diluted EPS of $1.45, up from $127,282,000 and $1.34 in Q3 2024. Net interest income strengthened to $273,435,000 while noninterest income was…
- 10-K · February 27, 2025
- Prosperity Bancshares positions itself as a community-focused regional bank pursuing deposit and loan growth via internal expansion and disciplined acquisitions while maintaining cost controls and sound asset quality.…
- 10-Q · August 7, 2024
- Prosperity Bancshares reported Q2 (three months ended June 30, 2024) results with total revenue (net interest income + noninterest income) of $304,789,000, up 10.4% year-over-year and 10.0% sequentially. Diluted EPS was…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing PB makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever