NYSE:PBBanks
Prosperity Bancshares (PB) Stock Can Margin Gains Outrun Integration Costs
Prosperity Bancshares stock barely flinched after earnings, ticking up less than 1% to about $74. Yet the quarter itself was anything but muted. Core diluted earnings per share landed at roughly $1.62 and net income was about $162.7 million, both solid figures for a regional bank that just closed the Stellar Bancorp acquisition.
The real story sits in the spread business. Net interest margin, the core measure of what Prosperity earns on loans versus what it pays on funding, came in at 3.47%...