Prosperity Bancshares, Inc. · NYSE:PB
Prosperity Bancshares — Q2 2026 Earnings Presentation
27 slides from Prosperity Bancshares's earnings presentation, Jul 1, 2026
Slide 1: Investor Presentation Second Quarter 2026
Investor Presentation Second 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, forward-looking statements within the meaning of the federal se
Slide 3: Second Quarter Highlights
Second Quarter Highlights • Net income of $168.6 million, or $162.7 million excluding merger related expenses and non- recurring items(1), representing an increase of 20.4% compared with second quarter 2025 • Earnings per share (diluted) of $1.67, or $1.62 excluding merger related expenses and non-
Slide 4: Strong Presence in Texas and Oklahoma
Strong Presence in Texas and Oklahoma • A Texas-based financial holding company with $43.9 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 5: Balance Sheet Summary
Balance Sheet Summary Data as of 06/30/2026 Loans $25.0 Bn Deposits $32.6 Bn Assets $43.9 Bn 10 Year CAGR (1) Loans 8.7% Deposits 4.9% Assets 5.7% Assets Deposits Total Loans Equity 5 Source: Company Documents (1) Represents the Compound Annual Growth Rate from 12/31/2015 – 12/31/2025
Slide 6: Net Income
Net Income Note: Net income includes the following ($ 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 $3,748 $4,005 Accretion Net Incom
Slide 7: Earnings Per Share
Earnings Per Share Note: Net income includes the following ($ 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 $3,748 $4,005 Accretion E
Slide 8: Net Interest Margin
Net Interest Margin Net Interest Margin (Tax Equivalent) Net Interest Margin (Excluding Purchase Accounting Adjustments) 8 Source: Company Documents
Slide 9: Acquisitions & Efficiency Ratio
Acquisitions & Efficiency Ratio ($’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% 11.5% 0.0% (1) (2) Total Assets Excluding Acquisitions Total Assets Acquired Efficiency Ratio (3) Efficiency Ratio (Excluding Non-Recurring Charges) Source: Company Document
Slide 10: 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 and B-2 sto
Slide 11: 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 and B-2 stock exchanges, net of investment securities
Slide 12: Deposit Composition
Deposit Composition As of June 30, 2026 ($ in millions) (1) $mm Cost (%) Noninterest-Bearing Demand $10,740 0.00% Interest-Bearing Demand $6,134 0.99% Money Market & Savings $10,949 1.97% CDs & Other Time $4,777 3.21% Total Deposits: $32.6Bn Total Cost of Deposits: 1.33% (1) Cost of Interest-Bearing
Slide 13: Loan Growth
Loan Growth Loans (Excluding Warehouse Purchase Program) Loan / Deposit Ratio (Excluding WPP) Warehouse Purchase Program (WPP) Loan / Deposit Ratio (Including WPP) 13 Source: Company Documents
Slide 14: Loan Portfolio Overview
Loan Portfolio Overview As of June 30, 2026 ($ in millions) Loan Portfolio by Category & Geography Loans by Rate Structure ~4.0yr Avg. Life Total Loans: $25.0Bn (2)(4) Loans By Area Amount % of Total Bryan / College Station $993 4.2% Central Oklahoma Central Texas $603 $3,066 2.6% 13.0% Loans HFI (E
Slide 15: Loan Portfolio Detail
Loan Portfolio Detail As of June 30, 2026 ($ 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 $1,835 25% Retail $1,410 20% Industrial $1,405 19% • CRE and constructio
Slide 16: Changes to Allowance for Credit Losses
Changes to Allowance for Credit Losses ($ in millions) $421.5 million Total Allowance for Credit Losses and Unfunded Commitments $420.5 million 1.61% ACL to Total 1.61% ACL to Total Loans (1) Loans (1) Allowance for Allowance for Net charge-offs PCD recoveries Outstanding Net increase Credit
Slide 17: Asset Quality
Asset Quality NPAs / Loans + OREO (1) UBPR Peer Group Prosperity Bank Source: Company Documents & Uniform Bank Performance Report 17 Note: NPAs include loans past due 90 days and still accruing (1) UBPR = Uniform Bank Performance Report; Peer Group 2 (110 banks) – Insured commercial banks having ass
Slide 18: Asset Quality: Net Charge-Offs / Average Loans
Asset Quality Net Charge-Offs / Average Loans (2) (2) ($ 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 19: Securities Portfolio Detail
Securities Portfolio Detail As of June 30, 2026 ($ in millions) $mm Mortgage-Backed Securities $11,614 Collateralized Mortgage Obligations $580 States & Political Subdivisions $118 Other Securities $23 U.S. Government Agency Securities $4 Total Securities: $12.3Bn Yield on Securities: 2.66% (1) 97.2
Slide 20: Total Return Performance
Total Return Performance IPO (November 12, 1998) to June 30, 2026 2,500 $100,000 invested in Prosperity’s IPO 2,250 on 11/12/98 was worth $2,092,749 on 6/30/26 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 (+1
Slide 21: Dividend History
Dividend History (a) (Declared) 21 (a) 2024 dividend consists of $0.58 per share declared in Q1 2024, 2Q 2024, 3Q 2024 and $0.60 per share declared in 4Q 2025
Slide 22: Presence in Fast-Growing Markets
Presence in Fast-Growing Markets Positioned in Strong Markets Top 15 Fastest Growing MSAs in the U.S. (1) Prosperity Proj. Population • In June 2026, Texas set a new record Prosperity Deposits Growth for total jobs, reaching a high of # Metropolitan Statistical Area Presence ($mm) (%) 14,469,600 tot
Slide 23: 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 24: 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 25: 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 26: Austin Market Highlights
Austin Market Highlights Market Highlights Austin 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 Househol
Slide 27: Contact Information
Contact Information Corporate Headquarters Investor Contacts Prosperity Bank Plaza David Zalman 4295 San Felipe Senior Chairman & CEO Houston Texas 77027 979-543-2200 david.zalman@prosperitybankusa.com 281-269-7199 Telephone Cullen Zalman SEVP – Banking & Corporate Activities 281-269-7176 cullen.zal
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