Prosperity Bancshares, Inc. · NYSE:PB
Prosperity Bancshares — Q1 2026 Earnings Presentation
28 slides from Prosperity Bancshares's earnings presentation, Apr 29, 2026
Slide 1: Investor Presentation First Quarter 2026
Investor Presentation First Quarter 2026
Slide 2: Cautionary Note on Forward Looking Statements
Cautionary Note on Forward Looking Statements “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This presentation contains, and the remarks by Prosperity’s management on the conference call may contain, statements regarding the proposed transaction between Prosperit
Slide 3: Important Information
Important Information Additional Information about the Transaction and Where to Find It In connection with the proposed transaction, Prosperity has filed with the SEC a registration statement (the “Registration Statement”) on Form S-4 (File No. 333-294882) to register the shares of Prosperity common
Slide 4: First Quarter Highlights
First Quarter Highlights • Net income of $116.3 million, or $149.9 excluding merger related expenses, representing an increase of 15.1% compared to the first quarter 2025 • Earnings per share (diluted) of $1.16, or $1.50 excluding merger related expenses, representing an increase of 9.5% compared to
Slide 5: Strong Presence in Texas and Oklahoma
Strong Presence in Texas and Oklahoma • A Texas-based financial holding company with $43.6 billion in total assets • Prosperity has been ranked as one of Forbes America’s Best Banks since the list’s inception in 2010, and was ranked in the Top 10 for 14 consecutive years • Recognized by Newsweek as
Slide 6: Balance Sheet Summary
Balance Sheet Summary Data as of 12/31/2025 Loans $21.8 Bn Deposits $28.5 Bn Assets $38.5 Bn 10 Year CAGR (1) Loans 8.7% Deposits 4.9% Assets 5.7% Assets Deposits Total Loans Equity 6 Source: Company Documents (1) Represents the Compound Annual Growth Rate from 12/31/2015 – 12/31/2025
Slide 7: Net Income
Net Income Note: Net income includes the following ($ in thousands) Provision for Credit $7,560 $24,000 $14,325 $16,350 $4,300 $20,000 - - $18,540 $9,066 - - - Losses Loan Discount $52,122 $38,970 $21,906 $13,909 $28,045 $91,341 $39,278 $7,401 $5,566 $17,490 $12,402 $3,131 $3,748 Accretion Net Incom
Slide 8: Earnings Per Share
Earnings Per Share Note: Net income includes the following ($ in thousands) Provision for Credit $7,560 $24,000 $14,325 $16,350 $4,300 $20,000 - - $18,540 $9,066 - - - Losses Loan Discount $52,122 $38,970 $21,906 $13,909 $28,045 $91,341 $39,278 $7,401 $5,566 $17,490 $12,402 $3,131 $3,748 Accretion E
Slide 9: Net Interest Margin
Net Interest Margin Net Interest Margin (Tax Equivalent) Net Interest Margin (Excluding Purchase Accounting Adjustments) 9 Source: Company Documents
Slide 10: Acquisitions & Efficiency Ratio
Acquisitions & Efficiency Ratio ($’s in millions) % of Assets Acquired 0.0% 2.5% 0.0% 0.0% 31.3% 0.0% 0.0% 0.0% 5.5% 3.5% 0.0% 0.0% 11.5% (1) (2) Total Assets Excluding Acquisitions Total Assets Acquired Efficiency Ratio (3) Efficiency Ratio (Excluding Non-Recurring Charges) Source: Company Document
Slide 11: Return on Average Tangible Common Equity
Return on Average Tangible Common Equity (1) (1) ROATCE Tangible Common Equity (2) ROATCE (Excluding Non-Recurring Charges) (1) Interim periods shown on an annualized basis (2) Excludes after-tax merger related provision and expenses related to recent acquisitions, gain on Visa Class B-1 stock excha
Slide 12: Return on Average Assets
Return on Average Assets (1) (1) (2) ROAA ROAA (Excluding Non-Recurring Charges) (1) Interim periods shown on an annualized basis (2) Excludes after-tax merger related provision and expenses related to recent acquisitions, gain on Visa Class B-1 stock exchange net of investment securities sales in 2
Slide 13: Deposit Composition
Deposit Composition As of March 31, 2026 ($ in millions) (1) $mm Cost (%) Noninterest-Bearing Demand $10,581 0.00% Interest-Bearing Demand $6,346 0.91% Money Market & Savings $10,907 1.94% CDs & Other Time $4,799 3.32% Total Deposits: $32.6Bn Total Cost of Deposits: 1.32% (1) Cost of Interest-Bearin
Slide 14: Loan Growth
Loan Growth Loans (Excluding Warehouse Purchase Program) Loan / Deposit Ratio (Excluding WPP) Warehouse Purchase Program (WPP) Loan / Deposit Ratio (Including WPP) 14 Source: Company Documents
Slide 15: Loan Portfolio Overview
Loan Portfolio Overview As of March 31, 2026 ($ in millions) Loan Portfolio by Category & Geography Loans by Rate Structure Floating 27.9% Fixed 38.2% ~4.0yr Avg. Life Variable Rate 33.9% Total Loans: $25.3Bn (2)(4) Loans By Area Amount % of Total Bryan / College Station $1,001 4.2% Central Oklahoma
Slide 16: Loan Portfolio Detail
Loan Portfolio Detail As of March 31, 2026 ($ in millions) Portfolio Commentary Commercial Real Estate Detail ($ in millions) • Loan portfolio is diversified across the Bank’s market areas and by underlying collateral type Other $1,820 26% Industrial $1,402 20% Retail $1,333 19% • CRE and constructi
Slide 17: Changes to Allowance for Credit Losses
Changes to Allowance for Credit Losses ($ in millions) $371.4 million Total Allowance for Credit Losses and Unfunded Commitments $421.5 million 1.63% ACL to Total 1.61% ACL to Total Loans (1) Loans (1) Net increased reserve related to Allowance for Increase in changes in macro- Credit Losses all
Slide 18: Asset Quality
Asset Quality NPAs / Loans + OREO (1) UBPR Peer Group Prosperity Bank Source: Company Documents & Uniform Bank Performance Report 18 Note: NPAs include loans past due 90 days and still accruing (1) UBPR = Uniform Bank Performance Report; Peer Group 2 (113 banks) – Insured commercial banks having ass
Slide 19: Asset Quality: Net Charge-Offs / Average Loans
Asset Quality Net Charge-Offs / Average Loans (2) (2) ($ in millions) Recoveries Charge-Offs Net PCD Net (1) UBPR Peer Group Prosperity Bank (3) Non-Acquired Loan Charge-Offs Acquired Loan Charge-Offs Pre-CECL Acquired Loan Charge-Offs Post-CECL (3) Source: Company Documents & Uniform Bank Performan
Slide 20: Securities Portfolio Detail
Securities Portfolio Detail As of March 31, 2026 ($ in millions) $mm Mortgage-Backed Securities $11,199 Collateralized Mortgage Obligations $605 States & Political Subdivisions $122 Other Securities $23 U.S. Government Agency Securities $4 Total Securities: $12.0Bn Yield on Securities: 2.49% (1) 97.
Slide 21: Total Return Performance
Total Return Performance IPO (November 12, 1998) to March 31, 2026 2,500 $100,000 invested in Prosperity’s IPO 2,250 on 11/12/98 was worth $1,909,015 on 3/31/26 2,000 1,750 1,500 1,250 1,000 750 500 250 0 11/12/98 11/12/01 11/12/04 11/12/07 11/12/10 11/12/13 11/12/16 11/12/19 11/12/22 11/12/25 PB (+
Slide 22: Dividend History
Dividend History (a) (Declared) 22 (a) 2024 dividend consists of $0.58 per share declared in Q1 2024, 2Q 2024, 3Q 2024 and $0.60 per share declared in 4Q 2025
Slide 23: Presence in Fast-Growing Markets
Presence in Fast-Growing Markets Positioned in Strong Markets Top 15 Fastest Growing MSAs in the U.S. (1) Prosperity Proj. Population • In early 2026, Texas set a state Prosperity Deposits Growth record for the largest labor force in # Metropolitan Statistical Area Presence ($mm) (%) the state’s his
Slide 24: Corporate Relocations to Texas
California Aatonomy Corporate Relocations to Texas AccentCare Active Networks AECOM AEND Industries, Inc. Allied Electronic Recycling Corporate Relocations to Texas (2004 – Present) ALL-Q-TELL Corp. AllyMe Group, Inc. Amazing Magnets Ameriflight LLC Anything Liquid Manufacturing Aviat Networks, Inc.
Slide 25: Houston Market Highlights
Houston Market Highlights Market Highlights Houston Franchise • The Houston MSA is the 5th largest in the United States by population with nearly 8.0 million residents – Population is expected to grow 7.3% from 2026 – 2031 (compared to the 2.6% projected growth for the U.S.) – Current Median Househo
Slide 26: Dallas/Ft. Worth Market Highlights
Dallas/Ft. Worth Market Highlights Market Highlights Dallas / Ft. Worth Franchise • The Dallas/Ft. Worth MSA is the 4th largest in the United States by population with nearly 8.6 million residents – Population is expected to grow 7.3% from 2026 – 2031 (compared to the 2.6% projected growth for the U
Slide 27: Austin Market Highlights
Austin Market Highlights Market Highlights Central Texas Franchise • The Austin MSA is the 25th largest in the United States by population with over 2.6 million residents – Population is expected to grow 9.3% from 2026 – 2031 (compared to the Round Rock 2.6% projected growth for the U.S.) – Median H
Slide 28: Contact Information
Contact Information Corporate Headquarters Investor Contacts Prosperity Bank Plaza David Zalman 4295 San Felipe Chairman & CEO Houston Texas 77027 979-543-2200 david.zalman@prosperitybankusa.com 281-269-7199 Telephone Cullen Zalman EVP – Banking & Corporate Activities 281-269-7176 cullen.zalman@pros
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