Prosperity Bancshares Inc. (PB) revealed a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $130.08 million, or $1.37 per share. This compares with $95.48 million, or $1.02 per share, last year.
Analysts on average had expected the company to earn $1.33 per share. Analysts' estimates typically exclude special items.
Prosperity Bancshares Inc. earnings at a glance (GAAP) :
-Earnings: $130.08 Mln. vs. $95.48 Mln. last year.
-EPS: $1.37 vs. $1.02 last year.
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