Prosperity Bancshares Q3 Profit Grows - Quick Facts

(RTTNews) - Prosperity Bancshares Inc. (PB), the parent company of Prosperity Bank, reported third-quarter net income of $76.57 million or $1.10 per share, compared to $55.28 million, or $0.91 per share, previous year. On average, 17 analysts pollled by Thomson Reuters expected the company to report profit per share of $1.07 for the quarter. Analyst's estimates typically exclude special items.

Net interest income before provision for credit losses for the quarter was up 38.8% to $175.657 million, from $126.533 million for the same period in 2013, driven by a 28.8% increase in average interest-earning assets for the same period. Analysts expected revenues of $201.79 million for the quarter.