Prosperity Bancshares

PB · NYSE · Financials · Financials, fiscal 2016 to 2025

PB · Last close · October 26, 2026

$69.74

Prosperity Bancshares' revenue rose 4.8% to $1.2 billion in fiscal 2025. Net income was $543 million, up 13.2%. Its return on equity was 7.2%, up from 6.6% a year earlier. Its efficiency ratio was 44.5%, down from 47.9% a year earlier. It paid out $379 million in dividends and buybacks.

PROSPERITY BANCSHARES, INC. Latest fiscal year ended December 31, 2025 10-K filed February 26, 2026 · 0001193125-26-077437 Updated October 18, 2026

Revenue

$1.2B

4.8%

Net income

$543M

13.2%

Return on equity

7.2%

0.6 pts

Return on tangible equity

13.5%

0.9 pts

Efficiency ratio

44.5%

3.4 pts

Market cap

$7.0B

Oct 26 close

P/E

12.1x

On $5.77 EPS, 4 qtrs

Return on equity is net income as a share of shareholders' equity; return on tangible equity leaves out goodwill and other intangible assets. The efficiency ratio is operating costs as a share of revenue, so lower means the bank spends less to earn each dollar. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.

Charts show fiscal years, from the 10-K filings.

Revenue and returns

Revenue

US$ billions, fiscal years. Revenue is net of interest expense.

Return on equity

Percent. Net income over average equity; tangible equity excludes goodwill, intangibles and preferred stock.

Return on equityReturn on tangible common equity

Net income and earnings per share

From fiscal 2016 to 2025, earnings per share grew 4.2% a year and net income 7.9% a year, as new shares raised the share count by 36% and diluted each share's earnings.

Net income

US$ billions, fiscal years; loss years in red.

Diluted earnings per share

US$ per share, fiscal years, restated for any stock splits; loss years in red.

Efficiency and income mix

Efficiency ratio and net interest income

Percent of revenue. The efficiency ratio is noninterest expense over revenue.

Efficiency ratioNet interest income share

Payouts and share count

Dividends and buybacks

US$ billions, cash paid in each fiscal year

DividendsShare buybacks

Diluted share count

Weighted-average diluted shares, millions

Valuation

Value Prosperity Bancshares yourself from its earnings. A bank's cash flow is mostly the money it lends and takes in, so the cash flow model on other company pages doesn't suit it.

Price-to-earnings (P/E) method

Another common way to value a company is to multiply its earnings per share by a price-to-earnings (P/E) multiple: the number of years of today's earnings an investor pays for a share. A higher multiple usually means investors expect earnings to grow. Choose a multiple, for example from similar companies, to see the value it gives.

Value per share on three example scenarios, from Prosperity Bancshares' earnings per share of $5.77 (over the last four quarters). Each grows earnings for a year at the cash flow scenarios' rates and applies a multiple to next year's earnings: 12.7×, the middle of Prosperity Bancshares' own P/E today, its peers' median and its sector's median (its peers' median) for the base scenario, 20% less and more for the cautious and optimistic ones. The price is brought back a year at 12%, 11% and 10%. Select one to load it into the calculator. These are the model's arithmetic on those assumptions, not a forecast or a price target.

Earnings per share, US$

Diluted earnings per share over the four quarters to June 30, 2026, from the 10-Qs and 10-K.

P/E multiple

P/E today is the last close divided by the latest earnings per share, the four quarters' where available. Peers: Texas Capital Bancshares, United Bankshares, Home BancShares, Associated Bank.

Earnings growth in the years ahead (% a year) Starts at Prosperity Bancshares' revenue growth over the last 3 years, 2.8% a year, as the base scenario does.

Earnings per share in the years ahead, US$

Year 1Year 2Year 3Year 4Year 5

Type your own estimate for any year; the years after it carry on at the growth rate.

Apply the multiple to earnings

A multiple on a future year's earnings gives the price then, brought back to today at the discount rate below.

Discount rate (% a year) The yearly return an investor wants for the risk, as in the cash flow model.

Value per share today at this multiple

—

Last close, October 26, 2026: $69.74
Value at this multiple, against the last close: —
Prosperity Bancshares' P/E at the last close: 12.1×

Company	Last close	Earnings per share	P/E today
United BanksharesUBSI	$48.92	$3.67	13.3×
Texas Capital BancsharesTCBI	$101.61	$7.79	13.0×
Home BancSharesHOMB	$30.07	$2.43	12.4×
Prosperity BancsharesPB	$69.74	$5.77	12.1×
Associated BankASB	$30.23	$2.87	10.5×

How the P/E method works. Value per share is earnings per share times the multiple. On a future year's earnings, that gives the price in that year, which is brought back to today at the discount rate: price ÷ (1 + discount rate) for each year ahead. It is quick and easy to compare across companies, but it ignores debt and cash, and earnings can swing with one-off gains and charges, so a multiple says most about steady, profitable businesses. Like the cash flow model, the result depends entirely on the assumptions you choose. It is not a forecast, a price target or a recommendation.

Balance sheet

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Loans, net	18,330	18,558	20,848	—	—
Deposits	30,772	28,534	27,180	28,381	28,482
Loans to deposits	59.6%	65.0%	76.7%	—	—
Provision for credit losses	—	—	—	—	—
Provision to average loans	—	—	—	—	—
Total assets	37,834	37,690	38,548	39,567	38,463
Shareholders' equity	6,427	6,699	7,079	7,438	7,616

US$ millions unless stated, at each fiscal year end.

Insider trades

Over the 12 months between October 27, 2025 and October 26, 2026, no insider bought Prosperity Bancshares shares on the open market, and 5 insiders sold $5.6 million, $3.8 million of it under trading plans set up in advance.

Date	Insider	Trade	Shares	Price	Value	Filing
Oct 21, 2026	Ned S HolmesDirector	Sold plan	1,100	$68.25	$75,072	Form 4
Sep 23, 2026	Ned S HolmesDirector	Sold plan	1,100	$68.46	$75,311	Form 4
Sep 16, 2026	Ned S HolmesDirector	Sold plan	1,100	$70.94	$78,031	Form 4
Sep 9, 2026	Ned S HolmesDirector	Sold plan	1,100	$71.42	$78,567	Form 4
Sep 2, 2026	Ned S HolmesDirector	Sold plan	1,100	$71.76	$78,938	Form 4
Aug 26, 2026	Ned S HolmesDirector	Sold plan	1,100	$73.19	$80,507	Form 4
Aug 19, 2026	Ned S HolmesDirector	Sold plan	1,100	$73.66	$81,028	Form 4
Aug 12, 2026	Ned S HolmesDirector	Sold plan	1,100	$74.14	$81,551	Form 4
Aug 5, 2026	Ned S HolmesDirector	Sold plan	1,100	$74.61	$82,074	Form 4
Jul 29, 2026	Ned S HolmesDirector	Sold plan	1,100	$74.26	$81,686	Form 4
Jul 22, 2026	Ned S HolmesDirector	Sold plan	1,100	$72.98	$80,276	Form 4
Jul 15, 2026	Ned S HolmesDirector	Sold plan	1,100	$73.06	$80,361	Form 4

The latest 12 of 55 trades. Open-market purchases and sales by officers, directors and 10% owners, from their Form 4 filings with the SEC: one row per person, day and filing, at the day's average price. Grants, option exercises and shares withheld for tax aren't counted. Insiders buy and sell for many reasons, such as taxes, spreading their savings or a plan set up months earlier, so a trade on its own says little about where a company is heading. For information only, not investment advice. Insider trades at all companies

Compare

Put Prosperity Bancshares side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.

Similar companies

Company	Year	Revenue growth	Net margin	Return on equity	Return on tangible equity	Efficiency ratio	Compare
Prosperity Bancshares	FY25	4.8%	43.4%	7.2%	13.5%	44.5%
Texas Capital Bancshares	FY25	34.7%	26.3%	9.4%	9.8%	61.2%	Compare
United Bankshares	FY25	19.6%	37.5%	8.9%	14.1%	48.5%	Compare
Home BancShares	FY25	7.2%	43.6%	11.5%	17.4%	42.0%	Compare
Associated Bank	FY25	43.3%	31.9%	9.9%	12.7%	57.5%	Compare

Each company's latest fiscal year. Fiscal years end in different months, so the periods don't line up exactly.

10 years of figures

Fiscal year	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	751	734	746	820	1,162	1,133	1,150	1,110	1,192	1,250
Revenue growth	−0.0%	−2.3%	1.6%	10.0%	41.7%	−2.5%	1.5%	−3.5%	7.4%	4.8%
Net interest income	633	617	630	696	1,031	993	1,005	956	1,026	1,082
Noninterest income	118	117	116	124	132	140	145	153	166	168
Noninterest expense	318	313	326	396	497	474	484	557	571	556
Provision for credit losses	—	—	—	—	—	—	—	—	—	—
Net income	274	272	322	333	529	519	524	419	479	543
Diluted EPS (US$)	3.94	3.92	4.61	4.52	5.68	5.05	5.73	4.51	5.05	5.72
Diluted shares (millions)	70	70	70	74	93	93	92	93	95	95
Payouts
Dividends paid	86	96	104	129	174	184	193	206	214	221
Share buybacks	51	0	0	94	115	52	66	72	75	157
Balance sheet at fiscal year end
Loans, net	9,537	9,937	10,284	18,758	19,931	18,330	18,558	20,848	—	—
Deposits	17,307	17,822	17,257	24,200	27,360	30,772	28,534	27,180	28,381	28,482
Total assets	22,331	22,587	22,693	32,186	34,059	37,834	37,690	38,548	39,567	38,463
Shareholders' equity	3,642	3,824	4,053	5,971	6,131	6,427	6,699	7,079	7,438	7,616
Ratios
Return on equity	7.7%	7.3%	8.2%	6.6%	8.7%	8.3%	8.0%	6.1%	6.6%	7.2%
Return on tangible common equity	16.5%	14.8%	15.8%	13.6%	18.7%	17.0%	15.7%	11.7%	12.6%	13.5%
Return on assets	1.2%	1.2%	1.4%	1.2%	1.6%	1.4%	1.4%	1.1%	1.2%	1.4%
Efficiency ratio	42.4%	42.7%	43.8%	48.4%	42.8%	41.8%	42.1%	50.2%	47.9%	44.5%

US$ millions unless stated. Where a later 10-K restated a year, the latest filed figure is shown. Download all figures (CSV, US$ millions)

Source: Prosperity Bancshares' Form 10-K filings, from SEC EDGAR. For information only, not investment advice. The Filing Desk is not affiliated with Prosperity Bancshares.