Prosperity Bancshares Inc (NYSE:PB)
$ 62.98 -0.51 (-0.8%) Market Cap: 6.04 Bil Enterprise Value: 8.86 Bil PE Ratio: 14.51 PB Ratio: 0.83 GF Score: 73/100
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Prosperity Bancshares Inc at KBW Community Bank Investor Conference Transcript

Jul 30, 2019 / 06:05PM GMT
Release Date Price: $69.54 (+1.31%)
Brady Matthew Gailey
Keefe, Bruyette, & Woods, Inc., Research Division - MD

All right. We'll keep rolling with our next presenter. We have Prosperity Bank out of Texas with a little over $30 billion in assets if you include their pending acquisition of LegacyTexas out of DFW. That acquisition was announced in mid-June. It'll close by the end of the year. Prosperity has been very active in M&A over the years, but this is the first deal they've announced in the last few years.

Today from the company, we have Prosperity's Chairman and CEO, David Zalman; President, Eddie Safady; Vice President and IR, Cullen Zalman. And then from LegacyTexas, we have CEO, Kevin Hanigan; and CFO, Mays Davenport.

Edward Z. Safady
Prosperity Bancshares, Inc. - President

Thank you, Brady.

Going through some of our highlights of the second quarter, net income of $82.2 million and earnings per share diluted of $1.18 for the 3 months ended June 30; assets of $22.3 billion, loans of $10.587 billion and deposits of $16.8 billion. Our common equity Tier 1 ratio

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