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Friday 6 November 2026 Export PB’s income statement to Excel — free account

Prosperity Bancshares, Inc.

PB Financial Banks Regional

Prosperity Bancshares, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.7 billion, down 2.84% from fiscal 2024.

Revenue
+50.2%
EPS
−18.6%
Free cash flow
+70.1%

Quarter to September 2026, against a year earlier

72.17 1.42 −1.93%
Market cap
$8.6B
P/E
13.1×
Fwd P/E
12.8×
Dividend yield
3.33%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Valuation Filings

Prosperity Bancshares, Inc. (PB) valuation and DCF model

What the price implies · reverse DCF

At $72.17 the price implies 31.4% a year of dividend growth, at a 9.0% cost of equity.

The dividend a share grew 7.6% a year over the last ten years, 4.5% over the last five. The price asks for about four times its ten-year rate. Return on equity averaged 7.5% over ten years; the price implies 8.3% for good.

In December 2017 the price assumed 18.2% a year; Prosperity Bancshares, Inc. went on to grow the dividend a share 3.9% a year to FY2025.

Price implies
31.4%
Last 5 years, reported
4.5%
Last 10 years, reported
7.6%

The headline discounts the last twelve months’ the dividend a share at 9.0% for ten years and grows it 2.5% a year after that, the same for every company, so the figure compares across the market (how a reverse DCF works).

The other way round · DCF
The price needs
31.4% a year for ten years
$72.17
today’s price
Its base case
7.6% a year for five years, then 4.6%
$11.30
84.3% below today’s price

Both are growth in the dividend a share, discounted at 9.0%, with 2.5% a year after year ten.

Base case on its own ten-year record Prosperity Bancshares, Inc.’s own growth, carried forward

Its assumptions

Powerpack lets you start from a scenario and type over any of them.

The base case’s inputs, which Powerpack lets you change
1 · Dividends
the four quarters to September 2026, from the 10-Q and 10-K filings

Yearly growth in the dividend. It usually slows as the company matures.

Today’s price implies the dividend a share growing 31.4% a year for ten years.

2 · Rates

Cost of equity is the yearly return shareholders require, typically 8–11%. Terminal growth is growth forever after year 10, usually near long-run inflation, 2–3%.

3 · Per share

The model is a share’s own: no debt to take off and no shares to divide among.

Advanced inputs

Against Prosperity Bancshares, Inc.’s own cost of capital: risk-free 4.3% + beta 0.65 × equity premium 4.5% = 7.2% cost of equity; weighted, 7.2%.

Use 7.2%
Base case value per share $11.30 ten years discounted, and what follows
Current price $72.17 market price per share
Below today’s price 84.3% downside at the base case’s assumptions

How we got there$4.82 10 years of dividends+$6.47 terminal value=$11.30 per share

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Banks Regional).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 13.12× 13.55× 13.99× 6% below 12.02× 9% above
P/FCF 14.23× 13.21× 12.66× 12% above 10.60× 34% above
P/B 1.04× 0.95× 1.01× 3% above 1.23× 16% below
EV/Sales — 3.60× 4.32× — 3.90× —
P/E P/FCF P/B EV/Sales
3.00×3.88×4.75×5.62×10Y avg 4.32×2016201720182019202020212022202320242025

EV/Sales has no reading today; its 10-year average is 4.32×.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.