Prosperity Bancshares, Inc. · NYSE:PB
Prosperity Bancshares — Q3 2026 Earnings Presentation
27 slides from Prosperity Bancshares's earnings presentation, October 2026
Slide 1: Investor Presentation Third Quarter 2026
Investor Presentation Third Quarter 2026
Slide 2: Cautionary Note on Forward Looking Statements
Cautionary Note on Forward Looking Statements “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This presentation contains, and the remarks by Prosperity’s management on the conference call may contain, forward-looking statements within the meaning of the federal se
Slide 3: Third Quarter Highlights
Third Quarter Highlights • Net income of $141.5 million, or $200.8 million excluding merger related expenses and non-recurring items(1), representing an increase of 45.9% compared with third quarter 2025 • Earnings per share (diluted) of $1.18, or $1.67 excluding merger related expenses and non-recu
Slide 4: Strong Presence in Texas and Oklahoma
Strong Presence in Texas and Oklahoma • A Texas-based financial holding company with $54.1 billion in total assets • Prosperity has been ranked as one of Forbes America’s Best Banks since the list’s inception in 2010, and was ranked in the Top 10 for 14 consecutive years • Recognized by Newsweek as
Slide 5: Balance Sheet Summary
Balance Sheet Summary Data as of 09/30/2026 Loans $32.1 Bn Deposits $41.2 Bn Assets $54.1 Bn 10 Year CAGR (1) Loans 8.7% Deposits 4.9% Assets 5.7% Assets Deposits Total Loans Equity 5 Source: Company Documents (1) Represents the Compound Annual Growth Rate from 12/31/2015 – 12/31/2025
Slide 6: Net Income
Net Income Note: Net income includes the following ($ in thousands) Provision for Credit $7,560 $24,000 $14,325 $16,350 $4,300 $20,000 - - $18,540 $9,066 - — — Losses Loan Discount $52,122 $38,970 $21,906 $13,909 $28,045 $91,341 $39,278 $7,401 $5,566 $17,490 $12,402 $4,005 $11,633 Accretion Net Inco
Slide 7: Earnings Per Share
Earnings Per Share Note: Net income includes the following ($ in thousands) Provision for Credit $7,560 $24,000 $14,325 $16,350 $4,300 $20,000 - - $18,540 $9,066 - — — Losses Loan Discount $52,122 $38,970 $21,906 $13,909 $28,045 $91,341 $39,278 $7,401 $5,566 $17,490 $12,402 $4,005 $11,633 Accretion
Slide 8: Net Interest Margin
Net Interest Margin Net Interest Margin (Tax Equivalent) Net Interest Margin (Excluding Purchase Accounting Adjustments) 8 Source: Company Documents
Slide 9: Acquisitions & Efficiency Ratio
Acquisitions & Efficiency Ratio ($’s in millions) % of Assets Acquired 0.0% 2.5% 0.0% 0.0% 31.3% 0.0% 0.0% 0.0% 5.5% 3.5% 0.0% 0.0% 19.2% (1) (2) Total Assets Excluding Acquisitions Total Assets Acquired Efficiency Ratio (3) Efficiency Ratio (Excluding Non-Recurring Charges) Source: Company Document
Slide 10: Return on Average Tangible Common Equity
Return on Average Tangible Common Equity (1) (1) ROATCE Tangible Common Equity (2) ROATCE (Excluding Non-Recurring Charges) (1) Interim periods shown on an annualized basis (2) Excludes after-tax merger related provision and expenses related to recent acquisitions, one-time out of state tax settleme
Slide 11: Return on Average Assets
Return on Average Assets (1) (1) (2) ROAA ROAA (Excluding Non-Recurring Charges) (1) Interim periods shown on an annualized basis (2) Excludes after-tax merger related provision and expenses related to recent acquisitions, one-time out of state tax settlement, gain on Visa Class B-1 and B-2 stock ex
Slide 12: Deposit Composition
Deposit Composition As of September 30, 2026 ($ in millions) Noninterest-Bearing Demand $13,841 0.00% Interest-Bearing Demand $8,111 1.40% Money Market & Savings $13,500 2.06% CDs & Other Time $5,779 3.10% Total Deposits: $41.2Bn Total Cost of Deposits: 1.39% (1) Cost of Interest-Bearing Deposits: 2
Slide 13: Loan Growth
Loan Growth Loans (Excluding Warehouse Purchase Program) Loan / Deposit Ratio (Excluding WPP) Warehouse Purchase Program (WPP) Loan / Deposit Ratio (Including WPP) 13 Source: Company Documents
Slide 14: Loan Portfolio Overview
Loan Portfolio Overview As of September 30, 2026 ($ in millions) Loan Portfolio by Category & Geography Loans by Rate Structure ~3.2yr Avg. Life Loans By Area Amount (2)(4) % of Total Total Loans: $32.1Bn Bryan / College Station $986 3.2% Central Oklahoma Central Texas $606 $3,102 2.0% 10.1% Loans H
Slide 15: Loan Portfolio Detail
Loan Portfolio Detail As of September 30, 2026 ($ in millions) Portfolio Commentary Commercial Real Estate Detail ($ in millions) • Loan portfolio is diversified across the Bank’s market areas and by underlying collateral type Retail $2,454 23% Other $2,386 22% • CRE and construction loans conservat
Slide 16: Changes to Allowance for Credit Losses
Changes to Allowance for Credit Losses ($ in millions) $420.5 million Total Allowance for Credit Losses and Unfunded Commitments $629.6 million 1.61% ACL to Total 1.91% ACL to Total Loans (1) Loans (1) Net increase reserve related to Allowance for changes in macro- Credit Losses Increase in econ
Slide 17: Asset Quality
Asset Quality NPAs / Loans + OREO (1) UBPR Peer Group Prosperity Bank Source: Company Documents & Uniform Bank Performance Report 17 Note: NPAs include loans past due 90 days and still accruing (1) UBPR = Uniform Bank Performance Report; Peer Group 2 (110 banks) – Insured commercial banks having ass
Slide 18: Asset Quality: Net Charge-Offs / Average Loans
Asset Quality Net Charge-Offs / Average Loans (2) (2) ($ in millions) Recoveries Charge-Offs Net PCD Net (1) UBPR Peer Group Prosperity Bank (3) Non-Acquired Loan Charge-Offs Acquired Loan Charge-Offs Pre-CECL Acquired Loan Charge-Offs Post-CECL (3) Source: Company Documents & Uniform Bank Performan
Slide 19: Securities Portfolio Detail
Securities Portfolio Detail As of September 30, 2026 ($ in millions) $mm Mortgage-Backed Securities $12,549 Collateralized Mortgage Obligations $833 States & Political Subdivisions $179 Other Securities $79 U.S. Government Agency Securities $2 Total Securities: $13.6Bn Yield on Securities: 2.92% (1)
Slide 20: Total Return Performance
Total Return Performance IPO (November 12, 1998) to September 30, 2026 2,500 $100,000 invested in Prosperity’s IPO 2,250 on 11/12/98 was worth $1,913,357 on 9/30/26 2,000 1,750 1,500 1,250 1,000 750 500 250 0 11/12/98 11/12/01 11/12/04 11/12/07 11/12/10 11/12/13 11/12/16 11/12/19 11/12/22 11/12/25 P
Slide 21: Dividend History
Dividend History (a) (Declared) 21 (a) 2026 dividend consists of $0.60 per share paid in Q1 2026, 2Q 2026, 3Q 2026 and $0.64 per share declared in 4Q 2026
Slide 22: Presence in Fast-Growing Markets
Presence in Fast-Growing Markets Positioned in Strong Markets Top 15 Fastest Growing MSAs in the U.S. (1) Prosperity Proj. Population • Texas led all states for job creation, Prosperity Deposits Growth (2027-2032) adding 154,300 jobs over the 12 # Metropolitan Statistical Area Presence ($mm) (%) mon
Slide 23: Corporate Relocations to Texas
California Aatonomy Corporate Relocations to Texas AccentCare Active Networks AECOM AEND Industries, Inc. Allied Electronic Recycling Select Corporate Relocations to Texas (2004 – Present) ALL-Q-TELL Corp. AllyMe Group, Inc. Amazing Magnets Ameriflight LLC Anything Liquid Manufacturing Aviat Network
Slide 24: Houston Market Highlights
Houston Market Highlights Market Highlights Houston Franchise • The Houston MSA is the 5th largest in the United States by population with over 8.0 million residents – Population is expected to grow 6.8% from 2027 – 2032 (compared to the 2.2% projected growth for the U.S.) – Current Median Household
Slide 25: Dallas/Ft. Worth Market Highlights
Dallas/Ft. Worth Market Highlights Market Highlights Dallas / Ft. Worth Franchise • The Dallas/Ft. Worth MSA is the 4th largest in the United States by population with approximately 8.6 million residents – Population is expected to grow 6.3% from 2027 – 2032 (compared to the 2.2% projected growth fo
Slide 26: Austin Market Highlights
Austin Market Highlights Market Highlights Austin Franchise • The Austin MSA is the 25th largest in the United States by population with over 2.6 million residents – Population is expected to grow 8.0% from 2027 – 2032 (compared to the 2.2% projected growth for the U.S.) – Median Household Income is
Slide 27: Contact Information
Contact Information Corporate Headquarters Investor Contacts Prosperity Bank Plaza David Zalman 4295 San Felipe Senior Chairman & CEO Houston Texas 77027 [email protected] 281-269-7199 Telephone Cullen Zalman SEVP – Banking & Corporate Activities [email protected]
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