HOUSTON, Oct. 27, 2021 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE:PB), the parent company of Prosperity Bank® (collectively, "Prosperity"), reported net income of $128.6 million for the quarter ended September 30, 2021 compared with $130.1 million for the same period in 2020. Net income per diluted common share was $1.39 for the quarter ended September 30, 2021, compared with $1.40 for the same period in 2020, and the annualized return on third quarter average assets was 1.42%. Additionally, loans, excluding Warehouse Purchase Program and SBA Paycheck Protection Program ("PPP") loans, increased $217.6 million or 1.3% (5.3% annualized) and deposits increased $341.4 million or 1.2% (4.7% annualized) during the third quarter of 2021. Nonperforming assets remain low at 0.11% of third quarter average interest-earning assets.
Read more at prnewswire.comProsperity Bancshares, Inc.® Reports Third Quarter 2021 Earnings
Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.
