HOUSTON, Jan. 18, 2023 /PRNewswire/ — Prosperity Bancshares, Inc.® (NYSE: PB) today announced that its Board of Directors has declared a quarterly common stock dividend of $0.55 per share for the first quarter of 2023, payable April 3, 2023to shareholders of record as of March 15, 2023.
Company Prosperity Bancshares, Inc.®
Since September 30, 2022Prosperity Bancshares, Inc.® it’s a $37.844 billion Houston, Texas regional financial management company providing personal banking and investment services to consumers and small to medium-sized businesses across Texas again In Oklahoma.
Founded in 1983, Prosperity believes in the philosophy of community banking, caring for customers, businesses, and communities in the areas where they operate by providing financial solutions to facilitate everyday financial needs. In addition to offering traditional deposit and loan products, Prosperity offers digital banking solutions, credit and debit cards, mortgage services, consumer brokerage services, trust and wealth management, and cash management.
Prosperity currently operates 272 fully operational banking locations: 65 in Houston place, including The Woodlands; 30 of South Texas place including Corpus Christi again Victoria; 62 of Dallas/Fort Worth place; 22 of East Texas place; 29 of Central Texas place including Austin again San Antonio; 34 of West Texas place including Lubbock, Midland–Odessa again Abilene; 16 of Bryan/College Station location, 6 of Central Oklahoma place; and 8 of Tulsa, Oklahoma place.
Cautionary Statement on Forward-Looking Statements
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This release contains, and statements made by Prosperity’s management on the conference call may contain, forward-looking statements within the meaning of federal securities laws, including Section 27A of the Securities Act of -1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are generally, but not limited to, identified by the use in the statements of words or phrases such as “intend,” “anticipate,” “estimate,” “anticipate,” “goal,” “guidance,” “intend,” “anticipate,” ” expected,” “intended,” “purpose,” “plan,” “anticipated,” “anticipated,” “will affect,” “will,” “will continue,” “will continue to reduce,” “will increase,” “will affect,” ” shall increase,” “shall add,” “shall decrease,” “shall remain,” “will result,” “shall,” variations of such words or phrases (including when the word “may,” “could,” or “would” is used instead of ” will” in the sentence) and similar words and phrases that indicate that the statement is about a future result, event, plan or intention. Forward-looking statements include all statements other than statements of historical fact, including forecasts or trends, and are based on current expectations, assumptions, estimates and assumptions about Prosperity Bancshares and its subsidiaries. These forward-looking statements may include information about Prosperity’s probable or projected future economic performance or future results of operations, including future revenue, income, expenses, provision for loan losses, provision for taxes, effective tax rate, earnings per share and Prosperity’s future cash flows and expenses and dividends, future financial condition and existing changes, including changes in Prosperity’s loan portfolio and loan loss allowances, future capital structure or existing changes, and Prosperity’s management plans and objectives for future operations, future or proposed. the acquisition, the future or the expected effect of the acquisition on Prosperity’s operations, results of operations, financial condition, and future economic performance, statements about the expected benefits of the proposed transaction, and statements about the assumptions on which any such statement is based, and expectations about the results of the C OVID epidemic -19 on the Bank’s operating income, financial position and cash flow. These forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, many of which are beyond Prosperity’s control, which could cause actual results to differ materially from those expressed or implied by the forward-looking statements. These risks and uncertainties include but are not limited to whether Prosperity is able to: successfully identify acquisition targets and integrate the businesses of the acquired companies and banks; continuing to maintain the current internal growth rate or overall growth rate; to provide products and services that appeal to its customers; continued access to debt and equity capital markets; and achieve its sales goals. Other risks include, but are not limited to: the possibility that the credit rating may decline; actions of competitors; changes in laws and regulations (including changes in government interpretation of regulations and changes in accounting standards); the possibility that the expected benefits of the acquired business may not be realized as expected or at all, including because of the impact of, or problems caused by, the merger of the two companies or because of economic forces and competitive factors generally; a decline or deterioration in the credit quality and credit agency ratings of the securities in Prosperity’s securities portfolio; customer and consumer demand, including customer and consumer feedback on sales; the efficiency of the use of funds, investments or programs; fluctuations in costs and availability of supply chain resources; economic conditions, including currency rates, interest rates and asset price fluctuations; the effect, potential duration or other effects of the COVID-19 pandemic; and the weather. These and various other factors are discussed in Prosperity Bancshares’ Annual Report on Form 10-K for the last year. December 31, 2021 and other reports and statements Prosperity Bancshares has filed with the Securities and Exchange Commission (“SEC”). Copies of Prosperity Bancshares’ SEC filings can be downloaded free of charge online at http://www.prosperitybankusa.com.
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