Latest News by Industry
HOUSTON (AP) _ Prosperity Bancshares Inc. (PB) on Wednesday reported fourth-quarter earnings of $137.9 million.
The Houston-based bank said it had earnings of $1.51 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share.
The financial holding company posted revenue of $346.3 million in the period. Its revenue net of interest expense was $293.9 million, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $296.5 million.
For the year, the company reported profit of $524.5 million, or $5.73 per share. Revenue was reported as $1.15 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a PB">Zacks stock report on PB at https://www.zacks.com/ap/PB