Prosperity Bancshares, Inc. · NYSE:PB
Prosperity Bancshares — Q4 2012 Earnings Presentation
17 slides from Prosperity Bancshares's earnings presentation, Feb 27, 2013
Slide 1: Prosperity Bancshares, Inc.
—PRO BANCSHARES, INC:
Slide 2: Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995 “Safe Harbor” Statement Statements contained in this presentation which are not historical facts and which pertain to future operating results of Prosperity Bancshares ® , Inc. and its subsidiaries constitute “forward
Slide 3: Banking Center Network
Banking Center Network Banking Center Network Sources: SNL Financial and MapPoint Texas has six of the nation’s top 20 cities in population: 4 Houston 7 San Antonio 9 Dallas 16 Austin 17 Fort Worth 20 El Paso 215 Full Service Locations in Bryan/ College Station Area in Central Texas Area in Dallas/
Slide 4: Strong Texas Economy
Strong Texas Economy www.texaswideopenforbusiness.com Fastest Growing Metropolitan Areas Texas is Adding Jobs Per Capita At Almost Twice The Pace of The Entire U.S. . Dallas / Ft Worth MSA- 345.3 people per day . Houston MSA-301.6 people per day
Slide 5: Strong Texas Economy
Strong Texas Economy www.texaswideopenforbusiness.com
Slide 6: Balance Sheet Summary
Balance Sheet Summary Balance Sheet Summary $0 $1,200 $2,400 $3,600 $4,800 $6,000 $7,200 $8,400 $9,600 $10,800 $12,000 $13,200 $14,400 $15,600 $0 $200 $400 $600 $800 $1,000 $1,200 $1,400 $1,600 $1,800 $2,000 $2,200 Loans Deposits Assets Equity $ in millions Totals as of 12/31/12 Loans = $5.18 Billio
Slide 7: EPS Growth Diluted
EPS Growth Diluted $0.85 $0.77 $3.23 $2.09 $2.06 $2.41 $3.01 $2.73 $0.00 $0.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 4Q 2011 4Q 2012 EPS Growth Diluted *Excluding the non-cash after tax impairment charge related to FNMA/FLHMC preferred stock of $6.5 million, EPS was $1.94 **Excluding the non-cash afte
Slide 8: Net Interest Income
Net Interest Income $0 $50 $100 $150 $200 $250 $300 $350 $400 4Q11 4Q12 2.50% 2.75% 3.00% 3.25% 3.50% 3.75% 4.00% 4.25% 4.50% 4.75% 5.00% Net Interest Income before provision for loan loss Net Interest Margin Net Interest Income $ in millions
Slide 9: Loan Growth
Loan Growth $0 $1,000 $2,000 $3,000 $4,000 $5,000 30.00% 35.00% 40.00% 45.00% 50.00% 55.00% 60.00% 65.00% 70.00% Loans Loan / Deposit Ratio Loan Growth $ in millions
Slide 10: Loan Portfolio
Loan Portfolio Loan Portfolio $ in thousands Loans/ Deposits: 44.5% December 31, 2012 Construction Loan Breakout Approximate $ in millions Single Family: Land Development: Raw Land: Lots: Commercial/ Other: Purchase Accounting Discount CRE Loan Breakout Approximate $ in millions Owner Occupied: $725
Slide 11: Asset Quality – NPA/ Loans + OREO
Asset Quality – NPA*/ Loans + OREO * Includes loans past due 90 days and still accruing Asset Quality – NPA*/ Loans + OREO * Includes loans past due 90 days and still accruing 1.74% 0.25% 0.32% 0.45% 0.48% 0.40% 0.49% 0.05% 0.09% 0.17% 0.13% 0.25% 0.28% 2.62% 3.90% 0.83% 0.70% 0.84% 1.18% 0.97% 2.26
Slide 12: Asset Quality – NCO/ Average Loans
Asset Quality – NCO/ Average Loans Asset Quality – NCO/ Average Loans 0.12% 0.41% 0.40% 0.23% 0.18% 0.04% 0.06% 0.23% 0.14% 0.03% 0.15% 0.08% 0.18% 0.31% 1.30% 0.96% 0.48% 0.13% 0.19% 0.20% 0.19% 0.59% 0.27% 0.33% 0.00% 0.35% 0.70% 1.05% 1.40% 2006^ 2007^ 2008^ 2009^ 2010^ 2012^ 3Q12^ 4Q12^ PB NCO /
Slide 13: Contact Information
Contact Information Contact Information Corporate Headquarters Investor Contacts Prosperity Bank Plaza David Zalman 4295 San Felipe Chairman & Chief Executive Officer Houston, Texas 77027 979.543.2200 david.zalman@prosperitybanktx.com 281.269.7199 Telephone David Hollaway 281.269-7222 Fax Chief Fina
Slide 14: 4th Quarter Earnings 2012
4th Quarter Earnings 2012
Slide 15: PRSP Acquisitions
PRSP Acquisitions PRSP Acquisitions At Announcement Date of Announcement Seller # of Branches Consideration Accounting Method PRSP Assets ($000) Sellers' Assets ($000) Sellers' Assets Contribution (%) Deal Value ($000) 12/10/2012 Coppermark Bancshares (Oklahoma City)* Mixed Purchase 13,712,119 1,325
Slide 16: PRSP Branch Acquisitions
PRSP Branch Acquisitions PRSP Branch Acquisitions Branch Acquisitions Date of Announcement Seller # of Branches Branch Type Branch Locale State Amount of Deposits Transferred ($000) Deposit Premium ($000) 2/8/2010 First Bank Bank TX 500,000 36,000 1/19/2010 U.S. Bank Bank TX 420,000 13,000 11/7/2008
Slide 17: 4th Quarter Earnings 2012
4th Quarter Earnings 2012
Prosperity Bancshares — Q4 2012 Earnings Presentation on 6ix