Prosperity Bancshares Q2 2024 Adj EPS $1.22 Beats $1.18 Estimate, Sales $304.789M Beat $292.128M Estimate
Portfolio Pulse from Benzinga Newsdesk
Prosperity Bancshares (NYSE:PB) reported Q2 2024 adjusted EPS of $1.22, beating the estimate of $1.18. Sales were $304.789M, surpassing the $292.128M estimate and showing a 10.37% increase from the same period last year.
July 24, 2024 | 10:33 am
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Prosperity Bancshares reported better-than-expected Q2 2024 earnings and sales, with EPS of $1.22 beating the $1.18 estimate and sales of $304.789M surpassing the $292.128M estimate. Sales increased by 10.37% YoY.
The better-than-expected earnings and sales figures, along with a significant year-over-year sales increase, are likely to positively impact the stock price of Prosperity Bancshares in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100