HOUSTON (AP) — HOUSTON (AP) — Prosperity Bancshares Inc. (PB) on Wednesday reported third-quarter profit of $127.3 million.
The Houston-based bank said it had earnings of $1.34 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.
The financial holding company posted revenue of $459 million in the period. Its revenue net of interest expense was $302.8 million, which also beat Street forecasts. Six analysts surveyed by Zacks expected $299.8 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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