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Press Releases

Prosperity Bancshares, Inc. issues its Press Releases via fax or e-mail. To be added to a distribution list, please contact Us.

Our Press Releases are in Adobe Acrobat (.pdf) format.  To download Acrobat Reader for free, please click on the Adobe icon to the right. Adobe Icon

 
Please choose from the list below. Quarterly Reports are included in our Press Releases. 

2010 Press Releases
February 08   

Prosperity Bank® To Acquire Texas Branches of First Bank

Prosperity Bancshares, Inc.® (Nasdaq: PRSP) announced today the signing of a definitive agreement whereby Prosperity Bank®  will acquire the nineteen (19) Texas retail bank branches of First Bank, a Missouri state-chartered bank.

January 22     Prosperity Bancshares, Inc.® Reports Strong 2009 Earnings

Prosperity Bancshares, Inc.® (Nasdaq: PRSP - news) the parent company of Prosperity Bank®, reported net income for the quarter ended December 31, 2009 of $30.569 million or $0.65 per diluted common share, an increase in net income of $7,884 million or 34.8%, compared with $22.685 million or $0.49 per diluted common share for the same period in 2008. 

January 19     Prosperity Bank® To Acquire Texas Branches of U.S. Bank

Prosperity Bancshares, Inc.® (Nasdaq: PRSP - news) announced today the signing of a definitive agreement whereby Prosperity Bank®  will acquire the three (3) Texas retail bank branches of U.S. Bank. 

January 15    

Morningstar.com News Article 1/15/2010 - Our Favorite Texas Banking Franchises

Morningstar.com named Prosperity Bancshares as one of two Texas Banks with strong fundamentals that has not only survived the crisis unscathed, but has actually fortified the franchise during the last 18 months.

January 14     

Prosperity Bancshares, Inc.® has been Ranked Fourth Best Bank in the Nation by Forbes Magazine

Prosperity Bancshares has been ranked fourth-best bank in the nation by Forbes Magazine among the 100 largest banks and thrifts.  Forbes in conjunction with SNL Financial based the ranking on eight measures of asset quality, capital adequacy, and profitability.  The rankings were published in its December 30, 2009 online edition and will be included in the January 18, 2010 print issue.

January 06               

Prosperity Bancshares, Inc.® Invites You to Join its Fourth Quarter Earnings Conference Call on the Web

In conjunction with Prosperity Bancshares, Inc.® (Nasdaq: PRSP - news) Fourth Quarter Earnings Announcement, scheduled before the market opens on Friday, January 22, 2010, you are invited to listen to its conference call that will be broadcast live over the Internet at 10:30 AM, Eastern Standard Time (9:30 AM, Central Standard Time) on Friday, January 22, 2010.

 

2009 Press Releases
November 23  

Prosperity Bank® is participating in the FDIC Transaction Account Guarantee Program

Prosperity Bank ® is participating in the FDIC Transaction Account Guarantee Program. Under that program, through June 30, 2010, all non-interest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC general deposit insurance rules. If funds in a non-interest-bearing transaction account are swept or transferred to an interest-bearing or non-deposit account, those swept or transferred funds are no longer eligible for the full guarantee provided under the Transaction Account Guarantee Program.   

November 05  

Prosperity Bancshares, Inc.® to present at the Sandler O'Neill East Coast Financial Services Conference 

HOUSTON, November 05, 2009. Prosperity Bancshares, Inc.®, the parent company of Prosperity Bank® will be presenting at the Sandler O’Neill 2009 East Coast Financial Services Conference in Palm Beach, Florida on Thursday, November 12, 2009 at 11:30 a.m. Eastern Standard Time (10:30 a.m. Central Standard Time).

October 26  

Prosperity Bancshares, Inc. ® Increases Cash Dividend 

HOUSTON, October 26, 2009. Prosperity Bancshares, Inc.® (Nasdaq: PRSP - news) the parent company of Prosperity Bank®, announced an increase of their regular cash dividend to $0.62 per share per year. The fourth cash dividend of $0.155, an increase of 12.7%, is payable on January 4, 2010 to all shareholders of record as of December 18, 2009.

October 16  

Prosperity Bancshares, Inc.® Reports Strong Third Quarter Earnings

HOUSTON, October 16, 2009. Prosperity Bancshares, Inc.® NASDAQ: (PRSP), the parent company of Prosperity Bank®, reported net income for the quarter ended September 30, 2009 of $29.322 million or $0.63 per diluted common share, an increase in net income of $13.875 million or 89.8%, compared with $15.447 million or $0.33 per diluted common share for the same period in 2008.

October 1

Prosperity Bancshares, Inc.® Invites You to Join its Third Quarter Earnings Conference Call on the Web

Houston, October 1, 2009.  In conjunction with Prosperity Bancshares, Inc.® (Nasdaq: PRSP -news) Third Quarter Earnings Announcement, scheduled before the market opens on Friday, October 16, 2009, you are invited to listen to its conference call that will be broadcast live over the Internet at 10:30 AM, Eastern Daylight Time (9:30 AM, Central Daylight Time) on Friday, October 16, 2009.

A live audio of the presentation will be simultaneously webcast and will be accessible click here

July 22  

Prosperity Bancshares, Inc.® to present at Keefe, Bruyette, & Woods Tenth Annual Community Bank Conference

HOUSTON, July 22, 2009.  Prosperity Bancshares, Inc.®, the parent company of Prosperity Bank® will be presenting at the Keefe, Bruyette, & Woods 10th Annual Community Bank Conference in New York on Tuesday, July 28, 2009 at 10:00 a.m. Eastern Daylight Time (9:00 a.m. Central Daylight Time).

A live audio of the presentation will be simultaneously webcast and will be accessible click here

July 17

Prosperity Bancshares, Inc.® Reports Strong Second Quarter Earnings 

HOUSTON, July 17, 2009. Prosperity Bancshares, Inc.® NASDAQ: (PRSP), the parent company of Prosperity Bank®, reported net income for the quarter ended June 30, 2009 of $26.510 million or $0.57 per diluted common share, an increase in net income of $3.073 million or 13.1%, compared with $23.437 million or $0.52 per diluted common share for the same period in 2008.

June 30  

Prosperity Bancshares, Inc.® Invites You to Join its Second Quarter Earnings Conference Call on the Web

HOUSTON, June 30, 2009. In conjunction with Prosperity Bancshares, Inc.® (Nasdaq: PRSP -news) Second Quarter Earnings Announcement, scheduled before the market opens on Friday, July 17, 2009, you are invited to listen to its conference call that will be broadcast live over the Internet at 10:30 AM, Eastern Daylight Time (9:30 AM, Central Daylight Time) on Friday, July 17, 2009.

 Please click here to Listen Live 

June 8   Welcome to our New Website - As we previously announced on May 20th, 2009 we have gone live with our new website. 

HOUSTON, May 20, 2009.. To all our frequent users of www.prosperitybanktx.com, we invite you to a “sneak peek preview” of our new website. We are excited to be delivering to you a site that is graphically enhanced and easier to navigate. Our new web design will be launched at the beginning of June, 2009 – so please be sure to take a look at the new home-page so that you are familiar with the revision. As always, we look forward to your comments and suggestions for ways to improve our website and Internet banking.   

April 17  

Prosperity Bancshares, Inc.® First Quarter Earnings up 11.1%

Prosperity Bancshares, Inc.®  NASDAQ: (PRSP), the parent company of Prosperity Bank® , reported net income for the quarter ended March 31,2009 of $25.478 million or $0.55 per diluted common share, an increase in net income of $2.540 million or 11.1%, compared with $22.938 million or $0.52 per diluted common share for the same period in 2008.

March 31  

Prosperity Bancshares, Inc.® Invites You to Join its First Quarter Earnings Conference Call on the Web

March 27  

Prosperity Bancshares, Inc.® Announces Filing of Form S-3 Shelf Registration Statement 

Prosperity Bancshares, Inc. ® NASDAQ: (PRSP), the parent company of Prosperity Bank®, announced today that it has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission (SEC). The shelf registration statement will allow Prosperity to raise capital from time to time through the sale of common and preferred stock, unsecured senior and subordinated debt securities, depository shares and related warrants and units

March 3  

Prosperity Bancshares, Inc.® to Present at Keefe, Bruyette & Woods Regional Bank Conference

January 27  

Prosperity Bancshares, Inc.® Reports Record 2008 Operating Earnings 

Prosperity Bancshares, Inc. ® NASDAQ: (PRSP), the parent company of Prosperity Bank®, reported net income for the quarter ended December 31, 2008 of $22.685 million or $0.49 per diluted common share, an increase in net income of $5.604 million or 32.8%, compared with $17.081 million or $0.38 per diluted common share for the same period in 2007. Prosperity also reported record net earnings for 2008 of $84.507 million or $1.86 per diluted common share, up 0.42% from 2007 net earnings of $84.151 million and down 4.1% from 2007 diluted earnings per common share of $1.94

January 8  

Prosperity Bancshares, Inc.® Invites You to Join its Fourth Quarter Earnings Conference Call on the Web

     

 

2008 Press Releases
December 15   Prosperity Bank ® is participating in the FDIC Transaction Account Guarantee Program. Under that program, through December 31, 2009, all non-interest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC general deposit insurance rules. If funds in a non-interest-bearing transaction account are swept or transferred to an interest-bearing or non-deposit account, those swept or transferred funds are no longer eligible for the full guarantee provided under the Transaction Account Guarantee Program.   
November 17   Prosperity Bancshares, Inc®. Makes Decision Not to Apply for Government’s Capital Purchase Program Prosperity Bancshares, Inc. ® NASDAQ: (PRSP), one of the largest Texas-based banking institutions made the decision not to apply for funds available through the U. S. Treasury Department’s Capital Purchase Program. The program is part of the federal government’s Troubled Assets Relief Program (TARP) which provides banks with new capital through the issuance of preferred stock. The application deadline for these funds was Friday November 14th and Prosperity did not make application.
November 7   Prosperity Bank® to Acquire all Deposits of Franklin Bank from FDIC Prosperity Bancshares, Inc. ® NASDAQ: (PRSP), announced that as of the close of business today Prosperity Bank®, will assume approximately $3.7 billion of deposits, including all uninsured deposits, from the Federal Deposit Insurance Corporation (FDIC), acting in its capacity as receiver for Franklin Bank
November 7   Prosperity Bank® Presentation Detailing Acquisition of Franklin Bank Deposits 
October 27   Prosperity Bancshares, Inc.® Increases Cash Dividend 
October 17   Prosperity Bancshares, Inc.® Reports Third Quarter Earnings 
September 9   Bancshares, Inc.® Invites You to Join its Third Quarter Earnings Call, Addresses FNMA/ FHLMC Exposure, and Announces Third Quarter Dividend 
July 28   Prosperity Bancshares, Inc.® to Present at Keefe, Bruyette & Woods Community Bank Conference 
July 23   Prosperity Bancshares, Inc.® Reports Second Quarter Earnings 
July 16   Prosperity Bancshares, Inc.® Announces the retirement of founding director Tracy T. Rudolph 
June 19   Prosperity Bancshares, Inc.® Announces the Date of Second Quarter Earnings 
May 30   Prosperity Bancshares, Inc.® completes acquisition of 1st Choice Bancorp, Inc. 
April 18   Prosperity Bancshares, Inc.® First Quarter Earnings up 13.4%
March 31   Prosperity Bancshares, Inc.® First Quarter Earnings Conference Call 
February 26   KBW Boston Conference 2008 
February 7   Prosperity Bancshares, Inc.® to Acquire 1st Choice Bancorp, Inc.
January 25   Prosperity Bancshares, Inc.® Fourth Quarter Earnings up 41.9% 
January 11   Prosperity Bank® Completes Acquisition of the Houston branches of Banco Popular North America 
January 4   Prosperity Bancshares, Inc.® Fourth Quarter Earnings Announcement 
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