PB Earnings Prediction
The chart below shows how PB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PB sees a -3.32% change in stock price 10 days leading up to the earnings, and a +0.63% change 10 days following the report. On the earnings day itself, the stock moves by +1.48%. This data can give you a slight idea of what to expect for the next quarter's release.
PB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
299.52M
12.63%
2.26%
Gross Margin
--
--
--
Operating Margin
55.13%
20.24%
1.40%
Net Margin
43.43%
20.97%
-0.05%
EPS
1.37
34.31%
2.24%
No Data Available
PB Earnings Analysis
Prosperity Bancshares Inc Corporation (PB.N) Earnings Conference Call
Positive
Net Income Surge: Net income for Q4 2024 was $130 million, a 36% increase from Q4 2023, driven by higher net interest income and a decrease in FDIC special assessments.
Earnings Per Share Increase: Diluted earnings per share rose to $1.37 for Q4 2024, up 34% from $1.02 in the same quarter last year, reflecting strong financial performance.
Net Interest Income Increase: Net interest income for the full year 2024 increased by $7.01 million, reaching $102.6 million, indicating effective asset repricing strategies.
Deposit Growth Overview: Deposits grew by $120 million or 4.4% year-over-year, totaling $2.84 billion at the end of Q4 2024, showcasing a strong core deposit base.
Operational Efficiency Improvement: The efficiency ratio improved to 46.1% in Q4 2024, down from 55.6% in Q4 2023, highlighting enhanced operational efficiency.
Negative
Loan Outstanding Decrease: Loans outstanding at Dec. 31, 2024 were approximately $2,220,000,000, a decrease of $88,000,000 compared with Dec. 31, 2023 when excluding the loans acquired in the merger, indicating flat loan growth for 2024.
Non-Interest Income Decline: Non-interest income for the three months ended Dec. 31, 2024 was $39,800,000, a decrease from $41,100,000 for the quarter ended Sept. 30, 2024, reflecting a decline in fee-based revenue.
Non-Interest Expense Increase: Non-interest expense for the three months ended Dec. 31, 2024 was $14,150,000, an increase from $14,030,000 for the quarter ended Sept. 30, 2024, primarily due to a FDIC special assessment of $1,990,000.
Efficiency Ratio Decline: The efficiency ratio was 46.1% for the three months ended Dec. 31, 2024, indicating a slight deterioration compared to 46.9% for the quarter ended Sept. 30, 2024, suggesting increased operational inefficiencies.
Net Charge-Offs Analysis: Net charge-offs for the three months ended Dec. 31, 2024 were $2,592,000, compared to $5,455,000 for the quarter ended Sept. 30, 2024, indicating ongoing credit quality concerns despite a decrease.
PB FAQs
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PB Earning Call Sentiment
Earnings call transcript: Prosperity Bancshares Q4 2024 beats estimates
PB.N
2.54%Positive
The earnings call indicates strong financial performance with a 36% YoY increase in net income and improved efficiency ratio. Despite competition and operational risks, the company maintains a stable credit outlook and has a stock repurchase program. The dividend increase and positive sentiment from clients in Texas suggest optimism. Although there are concerns about loan growth and non-performing assets, the overall guidance is optimistic, with expectations of improved NIM and deposit growth. The lack of market cap information limits the prediction precision, but the positive indicators outweigh the negatives.
