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Regional Southwest Banks

Prosperity Bancshares, Inc. (PB) is a Texas-based financial holding company engaged in the provision of a range of banking services primarily to small and medium-sized businesses and professionals in Texas and Oklahoma through its wholly-owned subsidiary bank, Prosperity Bank.

As of their most recent quarterly report (Q3 2022), here are some key financial highlights:

1. Net Interest Income: Prosperity Bancshares reported a net interest income of $232.3 million, representing an increase of 22.8% compared to the same period in the previous year.

2. Net Income: The company's net income for Q3 2022 was $112.6 million, an increase of 28.9% compared to the same period last year.

3. Earnings Per Share: Prosperity Bancshares reported earnings per share (EPS) of $1.35 for Q3 2022, an increase of 27.3% compared to the same period last year.

4. Total Assets: The company's total assets as of September 30, 2022, was $35.5 billion, representing an increase of 24.6% compared to the same period in the previous year.

5. Loans: Total loans as of September 30, 2022, were $25.2 billion, representing an increase of 25.5% compared to the same period in the previous year.

6. Deposits: Total deposits as of September 30, 2022, were $28.8 billion, representing an increase of 24.5% compared to the same period in the previous year.

In terms of growth, Prosperity Bancshares has consistently delivered solid financial performance over the past few years, driven by strong loan growth and a disciplined approach to risk management. The company's focus on small and medium-sized businesses and professionals, combined with its strong presence in Texas and Oklahoma, has allowed it to capitalize on the robust economic growth in these regions.

Prosperity Bancshares has also been active in mergers and acquisitions, having completed several transactions in recent years to expand its footprint and increase its scale. These acquisitions have contributed to the company's growth, and the company has a strong track record of integrating acquired businesses and realizing synergies.

In summary, Prosperity Bancshares is a well-run and financially strong bank with a solid track record of growth and profitability. The company's focus on small and medium-sized businesses and professionals, combined with its strong presence in Texas and Oklahoma, positions it well for continued growth and success in the future.