HOUSTON (AP) — HOUSTON (AP) — Prosperity Bancshares Inc. (PB) on Wednesday reported first-quarter earnings of $124.7 million.
The bank, based in Houston, said it had earnings of $1.37 per share.
The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.
The financial holding company posted revenue of $365.6 million in the period. Its revenue net of interest expense was $281.7 million, which did not meet Street forecasts. Seven analysts surveyed by Zacks expected $285 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PB at https://www.zacks.com/ap/PB
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