Prosperity Bancshares Q3 2024 Adj. EPS $1.34 Beats $1.31 Estimate, Sales $302.790M Beat $301.479M Estimate
Portfolio Pulse from Benzinga Newsdesk
Prosperity Bancshares reported Q3 2024 earnings of $1.34 per share, surpassing the $1.31 estimate, and sales of $302.79M, exceeding the $301.479M estimate. This marks a significant year-over-year growth in both earnings and sales.
October 23, 2024 | 10:34 am
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Prosperity Bancshares reported better-than-expected Q3 2024 earnings and sales, with EPS at $1.34 beating the $1.31 estimate and sales at $302.79M surpassing the $301.479M estimate. This reflects a strong performance with a 10.74% increase in EPS and an 8.81% increase in sales year-over-year.
The company's earnings and sales both exceeded analyst expectations, indicating strong financial performance. The year-over-year growth in both metrics further supports a positive outlook for the stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100