Prosperity Historical Income Statement
PB Stock | USD 84.30 1.96 2.38% |
Historical analysis of Prosperity Bancshares income statement accounts such as Gross Profit of 1.7 B, Other Operating Expenses of 419.9 M or Operating Income of 725.8 M can show how well Prosperity Bancshares performed in making a profits. Evaluating Prosperity Bancshares income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Prosperity Bancshares's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Prosperity Bancshares latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Prosperity Bancshares is a good buy for the upcoming year.
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About Prosperity Income Statement Analysis
Prosperity Bancshares Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Prosperity Bancshares shareholders. The income statement also shows Prosperity investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Prosperity Bancshares Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Prosperity Bancshares generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Prosperity Bancshares minus its cost of goods sold. It is profit before Prosperity Bancshares operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Prosperity Bancshares. It is also known as Prosperity Bancshares overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Prosperity Bancshares' income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Prosperity Bancshares current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Prosperity Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. For information on how to trade Prosperity Stock refer to our How to Trade Prosperity Stock guide.At present, Prosperity Bancshares' Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Selling General Administrative is expected to grow to about 391 M, whereas Depreciation And Amortization is forecasted to decline to about 15.8 M.
2021 | 2022 | 2023 | 2024 (projected) | Interest Expense | 53.6M | 89.6M | 488.1M | 512.5M | Depreciation And Amortization | 29.6M | 28.3M | 31.0M | 15.8M |
Prosperity Bancshares income statement Correlations
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Prosperity Bancshares Account Relationship Matchups
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Prosperity Bancshares income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 20.3M | 31.4M | 29.6M | 28.3M | 31.0M | 15.8M | |
Interest Expense | 137.2M | 113.2M | 53.6M | 89.6M | 488.1M | 512.5M | |
Selling General Administrative | 244.6M | 331.6M | 333.2M | 339.1M | 372.3M | 391.0M | |
Total Revenue | 796.8M | 1.1B | 1.1B | 1.1B | 1.1B | 1.1B | |
Gross Profit | 796.8M | 1.1B | 1.1B | 1.1B | 1.6B | 1.7B | |
Other Operating Expenses | 377.6M | 477.4M | 441.2M | 754.9M | 399.9M | 419.9M | |
Operating Income | 419.2M | 645.0M | 659.7M | 755.8M | 691.3M | 725.8M | |
Ebit | 419.2M | 645.0M | 659.7M | 666.2M | 534.5M | 323.5M | |
Ebitda | 439.5M | 676.4M | 689.3M | 694.5M | 565.4M | 339.3M | |
Total Operating Expenses | (377.6M) | (477.4M) | (441.2M) | 754.9M | 399.9M | 419.9M | |
Income Before Tax | 419.2M | 645.0M | 659.7M | 666.2M | 534.5M | 275.6M | |
Total Other Income Expense Net | 419.2M | (118.7M) | (97.6M) | (102.9M) | (156.8M) | (149.0M) | |
Net Income | 332.6M | 528.9M | 519.3M | 524.5M | 419.3M | 440.3M | |
Income Tax Expense | 86.7M | 116.1M | 140.4M | 141.7M | 115.1M | 74.2M | |
Net Income Applicable To Common Shares | 332.6M | 528.9M | 519.3M | 524.5M | 603.2M | 633.4M | |
Net Income From Continuing Ops | 332.6M | 528.9M | 519.3M | 524.5M | 461.7M | 351.9M | |
Selling And Marketing Expenses | 3.2M | 3.5M | 3.2M | 3.2M | 3.2M | 3.2M | |
Tax Provision | 86.7M | 116.1M | 140.4M | 141.7M | 126.0M | 98.1M | |
Net Interest Income | 695.8M | 1.0B | 993.3M | 1.0B | 975.6M | 881.2M | |
Interest Income | 832.9M | 1.1B | 1.0B | 1.1B | 1.4B | 1.0B | |
Reconciled Depreciation | 20.3M | 31.4M | 29.6M | 28.3M | 29.8M | 27.8M |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Prosperity Bancshares. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics. For information on how to trade Prosperity Stock refer to our How to Trade Prosperity Stock guide.You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
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.