HOUSTON (AP) — HOUSTON (AP) — Prosperity Bancshares Inc. (PB) on Wednesday reported second-quarter earnings of $111.6 million.
The bank, based in Houston, said it had earnings of $1.17 per share. Earnings, adjusted for one-time gains and costs, came to $1.22 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.
The financial holding company posted revenue of $459 million in the period. Its revenue net of interest expense was $304.8 million, also topping Street forecasts. Five analysts surveyed by Zacks expected $290.1 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PB at https://www.zacks.com/ap/PB