H Timanus - Prosperity Bancshares Chairman

PB Stock  USD 84.30  1.96  2.38%   

Chairman

Mr. H. E. Timanus, Jr., is Vice Chairman of the Board, Chairman of the Board and Chief Operating Officer of the Bank, subsidiary of the Company. Mr. Timanus was a director of the Company and the Bank since 2001. He has served as Chief Operating Officer of the Bank since 2001 and was named Chairman of the Board of the Bank in 2005. Mr. Timanus became an Executive Vice President and the Chief Operating Officer of the Company in 2001 and served in that capacity until 2006 when he became Vice Chairman of the Company. From 1986 to 2001, Mr. Timanus served as President and Chief Executive Officer of Commercial Bancshares, Inc. and from 1988 to 2001, he served as Chief Executive Officer and Chairman of Heritage Bank. Mr. Timanus also served as a director of Financial Federal Corporationrationration, a financial services company listed on the NYSE, until the sale of the company in 2010. since 2019.
Age 79
Tenure 5 years
Address Prosperity Bank Plaza, Houston, TX, United States, 77027
Phone281 269 7199
Webhttps://www.prosperitybankusa.com
Timanus also served as a director of Financial Federal Corporationrationrationration, a financial services company listed on the New York Stock Exchange until the sale of the company in 2010. The Company believes Mr. Timanus qualifications to serve as a director of the Company include his prior experience as President and CEO of Commercial Bancshares, Inc. and his continuing role and experience with the Company.

Prosperity Bancshares Management Efficiency

The company has Return on Asset (ROA) of 0.0112 % which means that for every $100 of assets, it generated a profit of $0.0112. This is way below average. Likewise, it shows a return on total equity (ROE) of 0.0618 %, which means that it produced $0.0618 on every 100 dollars invested by current stockholders. Prosperity Bancshares' management efficiency ratios could be used to measure how well Prosperity Bancshares manages its routine affairs as well as how well it operates its assets and liabilities. The current year's Return On Equity is expected to grow to 0.10, whereas Return On Tangible Assets are forecasted to decline to 0.01. At present, Prosperity Bancshares' Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Non Current Assets Total is expected to grow to about 40 B, whereas Other Assets are forecasted to decline to about 59.2 M.
Prosperity Bancshares reports 3.73 B of total liabilities with total debt to equity ratio (D/E) of 0.14, which may suggest the company is not taking enough advantage from financial leverage. Note however, debt could still be an excellent tool for Prosperity to invest in growth at high rates of return.

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Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides financial products and services to businesses and consumers. Prosperity Bancshares, Inc. was founded in 1983 and is based in Houston, Texas. Prosperity Bancshares operates under BanksRegional classification in the United States and is traded on New York Stock Exchange. It employs 3592 people. Prosperity Bancshares (PB) is traded on New York Stock Exchange in USA. It is located in Prosperity Bank Plaza, Houston, TX, United States, 77027 and employs 3,896 people. Prosperity Bancshares is listed under Regional Banks category by Fama And French industry classification.

Management Performance

Prosperity Bancshares Leadership Team

Elected by the shareholders, the Prosperity Bancshares' board of directors comprises two types of representatives: Prosperity Bancshares inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Prosperity. The board's role is to monitor Prosperity Bancshares' management team and ensure that shareholders' interests are well served. Prosperity Bancshares' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Prosperity Bancshares' outside directors are responsible for providing unbiased perspectives on the board's policies.
George Fisk, Independent Director
Charlotte JD, Executive Counsel
Lori Wakefield, VP Bank
Randy Hester, Chief Lending Officer, Executive VP, Chief Lending Officer of Prosperity Bank and Sr. Executive VP of Prosperity Bank
J Davenport, Executive Vice President and Director of Corporate Strategy of the Company and Senior Executive Vice President and Director of Corporate Strategy of the Bank
Mike Reaves, VP Bank
Denny Buchanan, VP Bank
Chip Bray, President Bank
Perry Mueller, Director
Bruce Hunt, Independent Director
Kevin Hanigan, President, Chief Operating Officer, Director
Perry Johnson, President Center
David Zalman, Senior Chairman of the Board, Chief Executive Officer, Senior Chairman of the Board and Chief Executive Officer of the Bank
Charlotte Rasche, Executive Vice President, General Counsel, Senior Executive Vice President and General Counsel of the Bank
Ned Holmes, Independent Director
H Timanus, Vice Chairman of the Board of the Company, Chairman of the Board and Chief Operating Officer of the Bank
Harrison Stafford, Independent Director
Annette Tripp, Senior Counsel
Asylbek Osmonov, Chief Financial Officer
John Davenport, Executive Strategy
Leah Henderson, Independent Director
Robert Dowdell, Executive Vice President of the Company and Senior Executive Vice President of the Bank
William Luedke, Independent Director
Robert Steelhammer, Independent Director
Edward Safady, Advisory Director, Vice Chairman, Director and Vice Chairman of Bank
William Collier, Director
Jack Lord, Independent Director
James Bouligny, Presiding Independent Director
Kevin Kaplan, President Bank

Prosperity Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Prosperity Bancshares a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Prosperity Bancshares. If investors know Prosperity will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Prosperity Bancshares listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.116
Dividend Share
2.24
Earnings Share
4.69
Revenue Per Share
12.146
Quarterly Revenue Growth
0.088
The market value of Prosperity Bancshares is measured differently than its book value, which is the value of Prosperity that is recorded on the company's balance sheet. Investors also form their own opinion of Prosperity Bancshares' value that differs from its market value or its book value, called intrinsic value, which is Prosperity Bancshares' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Prosperity Bancshares' market value can be influenced by many factors that don't directly affect Prosperity Bancshares' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Prosperity Bancshares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Prosperity Bancshares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prosperity Bancshares' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.