PROSPERITY BANCSHARES INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data PROSPERITY BANCSHARES INC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Research and development	4.46	4.4	4.66	5.31	5.32	5.24	6.11	7.4	7.54	8.07
Interest expense	43.2	60.5	97.6	137	113	53.6	89.6	488
Pre-tax income	409	406	403	419	645	660	666	534	613	694
Income tax	134	134	81.2	86.7	116	140	142	115	133	151
Net income	274	272	322	333	529	519	525	419	479	543
EPS, basic	3.55	3.54	4.16	4.08	5.12	5.60	5.73	4.51	5.05	5.72
EPS, diluted	3.55	3.54	4.16	4.08	5.12	5.05	5.73	4.51	5.05	5.72
Shares, basic (weighted)	77.3	77.1	77.4	81.5	103	92.7	91.6	92.9	95	94.9
Shares, diluted (weighted)	77.3	77.1	77.4	81.5	103	92.7	91.6	92.9	95	94.9

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	437	392
Property, plant and equipment	262	257	257	327	324	320	339	370	371	383
Lease right-of-use assets				54	57	49.4	41.8	36.8
Goodwill	1,901	1,901	1,901	3,224	3,232	3,232	3,232	3,396	3,503	3,503
Intangible assets	45.8	38.8	32.9	86.4	73.2	61.7	51.3	64	66	51.6
Total assets	22,331	22,587	22,693	32,186	34,059	37,834	37,690	38,548	39,567	38,463
Total liabilities	18,689	18,763	18,641	26,215	27,929	31,407	30,990	31,469	32,128	30,847
Total debt	1,311	829	1,316	1,807	390
Paid-in capital	2,028	2,035	2,045	3,735	3,634	3,595	3,542	3,704	3,797	3,654
Retained earnings	1,543	1,720	1,937	2,141	2,403	2,738	3,070	3,283	3,548	3,870
Shareholders' equity	3,642	3,824	4,053	5,971	6,131	6,427	6,699	7,079	7,438	7,616
Total equity	3,642	3,824	4,053	5,971	6,131	6,427	6,699	7,079	7,438	7,616
Total liabilities and equity	22,331	22,587	22,693	32,186	34,059	37,834	37,690	38,548	39,567	38,463
Shares outstanding	77.1	77.1	77.5	105	103	92.2	91.3	93.7	95.3	93.1

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	274	272	322	333	529	519	525	419	479	543
Depreciation and amortization	22.3	19.2	18.3	20.3	31.4	29.6	28.3	31	34.7	34.1
Stock-based compensation	9.55	6.94	10.5	10.6	12.6	12.6	11.8	12.2	12.8	12.1
Deferred income tax	19	10.5	6.88	-26.4	24.8	22.8	6.05	7.32	2.62	-3.74
Cash from operations	334	391	320	403	582	695	507	646	473	550
Capital expenditures	-5.01	-11.2	-15.1	-18.6	-22.1	-19	-42.4	-34.2	-21.1	-32.5
Acquisitions	-8.96			-77				-24.4
Purchases of investments	-8,253	-7,253	-8,000	-9,235	-15,411	-16,300	-17,281	-15,526	-23,053	-24,544
Sales and maturities of investments	8,134	7,253	8,133		15,047	16,438	17,333	15,729
Cash from investing	41	-373	-119	1,260	-1,274	-2,725	-1,964	1,094	1,982	774
Debt repaid	-0.62	-0.56	-4.1
Stock issued	0.78	0.15	0	0	0
Share buybacks	-51.1			-94.5	-115	-52.1	-65.7	-72.2	-74.8	-157
Dividends paid	-86.2	-95.9	-104	-129	-174	-184	-193	-206	-214	-221
Cash from financing	-502	-63.2	-182	-1,500	1,461	3,235	-667	-1,706	-940	-1,548
Net change in cash	-127	-45.1	18.8	163	769	1,204	-2,124	34.3	1,514	-225
Free cash flow	329	379	305	384	560	676	464	612	452	517
Interest paid	42.7	59.9	96.4	139	118	55.8	86.4	459	590	500
Income taxes paid	122	64.2	134	82.2	164	127	131	119	29

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $67.77 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Effective tax rate	22.0%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	6.8%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.3%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	13.2%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	1.2%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	0.5%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	13.3%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-0.1%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	2.2%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	16.3%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	2.8%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-1.2%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	14.5%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	3.7%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-1.6%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	2.4%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	4.4%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	4.4%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-2.8%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	0.7%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	2.5%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-0.1%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	1.2%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-1.7%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	81.1%	Total liabilities / total assets.
Goodwill and intangibles / assets	9.0%	(Goodwill + intangible assets) / total assets.
Tangible book value	$4.38B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
FCF conversion	104.9%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	4.9%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$5.58	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
FCF per share	$5.86	Free cash flow / diluted weighted shares.
Operating cash flow per share	$6.16	Cash from operations / diluted weighted shares.
Book value per share	$82.52	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$43.48	Tangible book value / shares outstanding.
Payout ratio	41.2%	Dividends paid / net income, when net income is positive.
Dividends / FCF	39.3%	Dividends paid / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$8.14B	Share price x shares outstanding.
Enterprise value	$8.14B	Market cap + total debt - cash - short-term investments.
P/E	14.5x	Market cap / net income. Only when net income is positive.
P/B	0.98x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.86x	Market cap / tangible book value, when positive.
P/FCF	13.8x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	13.1x	Market cap / cash from operations, when positive.
EV/FCF	13.8x	Enterprise value / free cash flow, when both are positive.
FCF yield	7.2%	Free cash flow / market cap.
Earnings yield	6.9%	Net income / market cap (the inverse of P/E).
Dividend yield	2.8%	Dividends paid over the period / market cap.
Shareholder yield	2.8%	(Dividends paid + share buybacks) / market cap.

Was PROSPERITY BANCSHARES INC profitable in fiscal 2025?

Yes. Net income was $542.8M, a net margin of -.

How much free cash flow did PROSPERITY BANCSHARES INC generate in fiscal 2025?

Cash from operations of $549.5M minus capital expenditures of $32.5M left free cash flow of $517.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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