Prosperity Bancshares: Q3 Earnings Snapshot

HOUSTON (AP) — HOUSTON (AP) — Prosperity Bancshares Inc. (PB) on Wednesday reported third-quarter net income of $141.5 million.

The bank, based in Houston, said it had earnings of $1.18 per share. Earnings, adjusted for one-time gains and costs, came to $1.67 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.

The financial holding company posted revenue of $660 million in the period. Its revenue net of interest expense was $495.7 million, which missed Street forecasts. Five analysts surveyed by Zacks expected $498 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PB at https://www.zacks.com/ap/PB