Prosperity Bancshares Inc. (PB) reported earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $130.22 million, or $1.37 per share. This compares with $110.42 million, or $1.18 per share, last year.
Analysts on average had expected the company to earn $1.35 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 2.9% to $392.80 million from $381.91 million last year.
Prosperity Bancshares Inc. earnings at a glance (GAAP) :
-Earnings: $130.22 Mln. vs. $110.42 Mln. last year.
-EPS: $1.37 vs. $1.18 last year.
-Revenue: $392.80 Mln vs. $381.91 Mln last year.
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