Prosperity Bancshares Management

Management criteria checks 4/4

Prosperity Bancshares' CEO is David Zalman, appointed in Jan 2001, has a tenure of 23.25 years. total yearly compensation is $3.23M, comprised of 33.2% salary and 66.8% bonuses, including company stock and options. directly owns 0.93% of the company’s shares, worth €52.85M. The average tenure of the management team and the board of directors is 5.2 years and 23.2 years respectively.

Key information

David Zalman

Chief executive officer

US$3.2m

Total compensation

CEO salary percentage	33.2%
CEO tenure	23.3yrs
CEO ownership	0.9%
Management average tenure	5.2yrs
Board average tenure	23.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has David Zalman's remuneration changed compared to Prosperity Bancshares's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$405m
Dec 31 2023	US$3m	US$1m	US$419m
Sep 30 2023	n/a	n/a	US$462m
Jun 30 2023	n/a	n/a	US$485m
Mar 31 2023	n/a	n/a	US$527m
Dec 31 2022	US$3m	US$1m	US$525m
Sep 30 2022	n/a	n/a	US$513m
Jun 30 2022	n/a	n/a	US$506m
Mar 31 2022	n/a	n/a	US$508m
Dec 31 2021	US$6m	US$1m	US$519m
Sep 30 2021	n/a	n/a	US$530m
Jun 30 2021	n/a	n/a	US$531m
Mar 31 2021	n/a	n/a	US$531m
Dec 31 2020	US$3m	US$990k	US$529m
Sep 30 2020	n/a	n/a	US$478m
Jun 30 2020	n/a	n/a	US$430m
Mar 31 2020	n/a	n/a	US$381m
Dec 31 2019	US$4m	US$964k	US$333m
Sep 30 2019	n/a	n/a	US$330m
Jun 30 2019	n/a	n/a	US$331m
Mar 31 2019	n/a	n/a	US$330m
Dec 31 2018	US$5m	US$944k	US$322m
Sep 30 2018	n/a	n/a	US$306m
Jun 30 2018	n/a	n/a	US$291m
Mar 31 2018	n/a	n/a	US$278m
Dec 31 2017	US$2m	US$899k	US$272m

Compensation vs Market: David's total compensation ($USD3.23M) is about average for companies of similar size in the German market ($USD3.42M).

Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.

CEO

David Zalman (66 yo)

23.3yrs

Tenure

US$3,229,008

Compensation

Mr. David E. Zalman serves as the Senior Chairman of Prosperity Bancshares Inc. since November 1, 2019. He served as the Chairman of Prosperity Bancshares Inc. since 2001 until November 1, 2019 and also is...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Zalman	Senior Chairman & CEO	23.3yrs	US$3.23m	0.93% $ 52.9m
H. Timanus	Chairman of the Board	23.2yrs	US$1.61m	0.56% $ 31.6m
Kevin Hanigan	President	4.4yrs	US$2.45m	0.23% $ 12.9m
Edward Safady	Advisory Director & Vice Chairman	no data	US$1.52m	0.088% $ 5.0m
Asylbek Osmonov	Chief Financial Officer	5yrs	US$1.30m	0.016% $ 935.5k
Charlotte Rasche	Executive VP & General Counsel	12yrs	US$1.51m	0.069% $ 3.9m
Robert Dowdell	Executive Vice President	5.2yrs	no data	0.041% $ 2.3m
Annette Tripp	Senior VP & Associate General Counsel	no data	no data	no data
John Davenport	Executive VP & Director of Corporate Strategy	4.4yrs	US$1.69m	0.081% $ 4.6m
Perry Johnson	President of Camp Wisdom Banking Center	20.9yrs	no data	no data
Chip Bray	President of Central Texas - Prosperity Bank	no data	no data	no data
Kevin Kaplan	President of Calallen Banking Center - Prosperity Bank	no data	no data	no data

5.2yrs

Average Tenure

65.5yo

Average Age

Experienced Management: PPY's management team is seasoned and experienced (5.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Zalman	Senior Chairman & CEO	23.3yrs	US$3.23m	0.93% $ 52.9m
H. Timanus	Chairman of the Board	23.2yrs	US$1.61m	0.56% $ 31.6m
Kevin Hanigan	President	4.4yrs	US$2.45m	0.23% $ 12.9m
Edward Safady	Advisory Director & Vice Chairman	no data	US$1.52m	0.088% $ 5.0m
Ned Holmes	Independent Director	41.3yrs	US$140.29k	0.42% $ 23.7m
Robert Steelhammer	Independent Director	41.3yrs	US$142.39k	0.14% $ 8.2m
James Bouligny	Independent Presiding Director	33.3yrs	US$146.07k	0.35% $ 20.1m
Harrison Stafford	Independent Director	24yrs	US$144.49k	0.31% $ 17.8m
Perry Mueller	Director	22.4yrs	US$135.19k	0.29% $ 16.6m
William Luedke	Independent Director	10yrs	US$140.29k	0.022% $ 1.3m
Mark Humphrey	Chairman of Bryan	no data	no data	no data
John Zacek	Chairman of South Texas Area - Prosperity Bank	10.4yrs	no data	no data

23.2yrs

Average Tenure

78yo

Average Age

Experienced Board: PPY's board of directors are seasoned and experienced ( 23.2 years average tenure).

Prosperity Bancshares Management

Management criteria checks 4/4

Key information

Recent management updates

Prosperity Bancshares, Inc. Announces Executive Appointments

Prosperity Bancshares, Inc., Annual General Meeting, Apr 16, 2024

Executive Vice President recently sold €351k worth of stock

Insider recently bought €283k worth of stock

Chairman of the Board recently bought €116k worth of stock

Prosperity Bancshares, Inc. Announces Director Changes, Effective October 5, 2022

Recent updates

First quarter 2024 earnings released: EPS: US$1.18 (vs US$1.37 in 1Q 2023)

Fourth quarter dividend of US$0.56 announced

Prosperity Bancshares, Inc. Announces Common Stock Dividend, Payable on July 1, 2024

Prosperity Bancshares, Inc. Announces Executive Appointments

Prosperity Bancshares, Inc. (NYSE:PB) completed the acquisition of Lone Star State Bancshares, Inc.

Prosperity Bancshares, Inc. to Report Q1, 2024 Results on Apr 24, 2024

Prosperity Bancshares, Inc., Annual General Meeting, Apr 16, 2024

Executive Vice President recently sold €351k worth of stock

Upcoming dividend of US$0.56 per share

New minor risk - Insider selling

Full year 2023 earnings released: EPS: US$4.51 (vs US$5.73 in FY 2022)

Full year 2023 earnings released: EPS: US$4.47 (vs US$5.73 in FY 2022)

Prosperity Bancshares, Inc. Declares Quarterly Dividend for the First Quarter of 2024, Payable on April 1, 2024

Prosperity Bancshares, Inc. to Report Q4, 2023 Results on Jan 24, 2024

Upcoming dividend of US$0.56 per share at 3.6% yield

Third quarter 2023 earnings released: EPS: US$1.20 (vs US$1.49 in 3Q 2022)

Prosperity Bancshares, Inc. Reports Unaudited Net Charge-Offs Results for the Third Quarter Ended September 30, 2023

Prosperity Bancshares, Inc.® Increases Common Stock Dividend for the Fourth Quarter of 2023, Payable on January 2, 2024

Prosperity Bancshares, Inc. to Report Q3, 2023 Results on Oct 25, 2023

Upcoming dividend of US$0.55 per share at 3.9% yield

New minor risk - Shareholder dilution

Prosperity Bancshares, Inc. Reports net Charge-Offs for the Three Months Ended June 30, 2023

Second quarter 2023 earnings released: EPS: US$0.94 (vs US$1.40 in 2Q 2022)

Prosperity Bancshares, Inc. Announces Third Quarter Common Stock Dividend, Payable on October 2, 2023

Prosperity Bancshares, Inc. to Report Q2, 2023 Results on Jul 26, 2023

Upcoming dividend of US$0.55 per share at 3.5% yield

Insider recently bought €283k worth of stock

First quarter 2023 earnings released: EPS: US$1.37 (vs US$1.33 in 1Q 2022)

Chairman of the Board recently bought €116k worth of stock

Upcoming dividend of US$0.55 per share at 3.1% yield

Full year 2022 earnings released: EPS: US$5.73 (vs US$5.61 in FY 2021)

Full year 2022 earnings released: EPS: US$5.73 (vs US$5.61 in FY 2021)

Prosperity Bancshares, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2022

Prosperity Bancshares, Inc. Declares Quarterly Dividend for the First Quarter of 2023, Payable on April 3, 2023

Prosperity Bancshares, Inc. to Report Q4, 2022 Results on Jan 25, 2023

Upcoming dividend of US$0.55 per share

Third quarter 2022 earnings released: EPS: US$1.49 (vs US$1.39 in 3Q 2021)

Prosperity Bancshares, Inc. Reports Net Charge-Off for the Third Quarter Ended September 30, 2022

Prosperity Bancshares, Inc. Increases Common Stock Dividend, Payable on January 3, 2023

Prosperity Bancshares, Inc. (NYSE:PB) entered into a definitive merger agreement to acquire First Bancshares of Texas, Inc. for approximately $340 million.

Prosperity Bancshares, Inc. (NYSE:PB) entered into a definitive merger agreement to acquire First Bancshares of Texas, Inc. for approximately $340 million.

Prosperity Bancshares, Inc. Announces Director Changes, Effective October 5, 2022

Prosperity Bancshares, Inc. to Report Q3, 2022 Results on Oct 26, 2022

Upcoming dividend of US$0.52 per share

Second quarter 2022 earnings released: EPS: US$1.40 (vs US$1.41 in 2Q 2021)

Prosperity Bancshares, Inc. Announces Common Stock Dividend for the Second Quarter of 2022, Payable on October 3, 2022

Prosperity Bancshares, Inc. to Report Q2, 2022 Results on Jul 27, 2022

Prosperity Bancshares, Inc.(NYSE:PB) dropped from Russell 1000 Dynamic Index

Chairman of the Board recently bought €125k worth of stock

Independent Director recently sold €81k worth of stock

Upcoming dividend of US$0.52 per share

First quarter 2022 earnings released: EPS: US$1.33 (vs US$1.44 in 1Q 2021)

Prosperity Bancshares, Inc. Announces Quarterly Common Stock Dividend Payable on July 1, 2022

Prosperity Bancshares, Inc. to Report Q1, 2022 Results on Apr 27, 2022

Upcoming dividend of US$0.52 per share

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Upcoming dividend of US$0.52 per share

Third quarter 2021 earnings released: EPS US$1.39 (vs US$1.40 in 3Q 2020)

Upcoming dividend of US$0.49 per share

Second quarter 2021 earnings released: EPS US$1.41 (vs US$1.41 in 2Q 2020)

Independent Director recently sold €65k worth of stock

Upcoming dividend of US$0.49 per share

First quarter 2021 earnings released

Prosperity Bancshares, Inc. Declares Second Quarter Dividend, Payable on July 1, 2021

Prosperity Bancshares, Inc., Annual General Meeting, Apr 20, 2021

Insider recently sold €79k worth of stock

Full year 2020 earnings released: EPS US$5.68 (vs US$4.52 in FY 2019)

Revenue beats expectations