Prosperity Bancshares (NYSE:PB) on Wednesday reported first-quarter net income of $130.2 million.
The Houston-based bank announced earnings of $1.37 per share for the period.
This result surpassed Wall Street expectations, as the average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share.
The financial holding company posted total revenue of $434.1 million in the first quarter.
However, its revenue net of interest expense was $306.7 million, which fell slightly short of Street forecasts.
Four analysts surveyed by Zacks expected revenue net of interest expense of $307.1 million.
Following the earnings release today, the company's share price held steady at $67.16, a little unchanged during early trading.