Prosperity Bancshares (Prosperity Bancshares) Tax Rate %

: 21.34% (As of Dec. 2023)

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Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Prosperity Bancshares's Tax Expense for the three months ended in Dec. 2023 was $26 Mil. Prosperity Bancshares's Pre-Tax Income for the three months ended in Dec. 2023 was $121 Mil. Therefore, Prosperity Bancshares's Tax Rate % for the quarter that ended in Dec. 2023 was 21.34%.

Prosperity Bancshares Tax Rate % Historical Data

The historical data trend for Prosperity Bancshares's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Prosperity Bancshares Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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20.67

18.00

21.28

21.26

21.54

Prosperity Bancshares Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %	Get a 7-Day Free Trial															21.04	21.44	22.19	21.32	21.34

Prosperity Bancshares Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Prosperity Bancshares's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	115.144	/	534.46
	=	21.54 %

Prosperity Bancshares's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	25.904	/	121.38
	=	21.34 %

Prosperity Bancshares Tax Rate % Related Terms

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Prosperity Bancshares (Prosperity Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Prosperity Bancshares Inc (NYSE:PB) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

PPY:Germany

Address

Prosperity Bank Plaza, 4295 San Felipe, Houston, TX, USA, 77027

Website

https://www.prosperitybankusa.com

Prosperity Bancshares Inc follows a community bank model and provides multiple services to individuals and small to midsize businesses. It operates more than 270 branches in Texas, most of them around the Houston, Dallas-Fort Worth, Corpus Christi, and Austin metropolitan areas.

Executives

L. Jack Lord	director	4295 SAN FELIPE, HOUSTON TX 77027
Timanus H E Jr	director, officer: Executive Vice President
Asylbek Osmonov	officer: Interim CFO	4295 SAN FELIPE, HOUSTON X1 77027
Robert H Steelhammer	director	2100 W LOOP S STE 1400, HOUSTON TX 77027
Laura Murillo	director	4295 SAN FELIPE, HOUSTON TX 77027
Ileana M Blanco	director	4295 SAN FELIPE, HOUSTON TX 77027
George A. Fisk	director	LEGACYTEXAS FINANCIAL GROUP, INC., 5851 LEGACY CIRCLE, PLANO TX 75024
Robert J. Dowdell	officer: Executive Vice President	4295 SAN FELIPE, HOUSTON TX 77027
David Zalman	director, officer: President and Chief Executive	316 E CALHOUN, EL CAMPO TX 77437
James A Bouligny	director	P O BOX 1567, EL CAMPO TX 77437
Charlotte M Rasche	officer: Executive Vice President	80 SUGAR CREEK CENTER BOULEVARD, SUGAR LAND TX 77478
Edward Z Safady	officer: President	80 SUGAR CREEK CENTER BLVD, SUGAR LAND TX 77478
Kevin J Hanigan	director, officer: President & COO	LEGACYTEXAS FINANCIAL GROUP, INC., 5851 LEGACY CIRCLE, PLANO TX 75024
Bruce W Hunt	director
J. Mays Davenport	officer: EVP/Director of Corp Strategy	C/O LEGACYTEXAS FINANCIAL GROUP, INC., 5851 LEGACY CIRCLE, PLANO TX 75024