Prosperity Bancshares (Prosperity Bancshares) Scaled Net Operating Assets : 0.25 (As of Dec. 2023)

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What is Prosperity Bancshares Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Prosperity Bancshares's operating assets for the quarter that ended in Dec. 2023 was $37,651 Mil. Prosperity Bancshares's operating liabilities for the quarter that ended in Dec. 2023 was $27,744 Mil. Prosperity Bancshares's Total Assets for the quarter that ended in Sep. 2023 was $39,296 Mil. Therefore, Prosperity Bancshares's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.25.

Prosperity Bancshares Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Prosperity Bancshares's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2023 )
=	(Operating Assets (A: Dec. 2023 )	-	Operating Liabilities (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2022 )
=	(38089.724	-	27743.547)	/	37689.829
=	0.27

where

	Operating Assets		(A: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	38547.877	-	458.153
=	38089.724

	Operating Liabilities		(A: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	31468.547	-	3725	-	0
=	27743.547

Prosperity Bancshares's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Dec. 2023 )
=	(Operating Assets (Q: Dec. 2023 )	-	Operating Liabilities (Q: Dec. 2023 ))	/	Total Assets (Q: Sep. 2023 )
=	(37651.136	-	27743.547)	/	39295.684
=	0.25

where

	Operating Assets		(Q: Dec. 2023 )
=	Total Assets	-	Balance Sheet Cash And Cash Equivalents
=	38547.877	-	896.741
=	37651.136

	Operating Liabilities		(Q: Dec. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	31468.547	-	3725	-	0
=	27743.547

* 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 (Prosperity Bancshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Prosperity Bancshares Inc (NYSE:PB) » Definitions » Scaled Net Operating Assets

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