Prosperity Bancshares, Inc. Gross Margin

Gross Margin of PB for past 10 years: annual, quarterly and twelve month trailing (TTM) including Gross Margin growth rates and interactive chart. Gross profit margin shows the percentage of revenue that exceeds a company's costs of goods sold. It illustrates how well a company is generating revenue from the costs involved in producing their products and services. The higher the margin, the more effective the company's management is in generating revenue for each dollar of cost. Gross profit margin is calculated by subtracting the cost of goods sold from total revenue for the period and dividing that number by revenue. If a company has $200 million in revenue and $80 million in cost of goods sold, the gross margin is 60%.

Highlights and Quick Summary

  • Gross Margin for the quarter ending September 29, 2021 was 100.1% (a 0.78% increase compared to previous quarter)
  • Year-over-year quarterly Gross Margin increased by 0.26%
  • Annual Gross Margin for 2020 was 99.51% (a -0.25% decrease from previous year)
  • Annual Gross Margin for 2019 was 99.76% (a -4.47% decrease from previous year)
  • Annual Gross Margin for 2018 was 104.43% (a 0.09% increase from previous year)
  • Twelve month Gross Margin ending September 29, 2021 was 99.81% (a 0.07% increase compared to previous quarter)
  • Twelve month trailing Gross Margin increased by 5.72% year-over-year
Trailing Gross Margin for the last four month:
29 Sep '21 29 Jun '21 30 Mar '21 30 Dec '20
99.81% 99.74% 97.58% 94.41%
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Historical Gross Margin of Prosperity Bancshares, Inc.

Most recent Gross Marginof PB including historical data for past 10 years.

Interactive Chart of Gross Margin of Prosperity Bancshares, Inc.

Prosperity Bancshares, Inc. Gross Margin for the past 10 Years (both Annual and Quarterly)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 100.1% 99.33% 99.97%
2020 99.84% 99.82% 91.15% 87.84% 99.51%
2019 86.76% 85.16% 84.87% 85.44% 99.76%
2018 86.15% 87.29% 89.41% 91.06% 104.43%
2017 92.15% 91.91% 91.92% 93.56% 104.34%
2016 94.42% 94.65% 94.45% 94.74% 104.89%
2015 95.17% 95.22% 95.09% 94.7% 95.04%
2014 95.91% 94.57% 94.32% 94.23% 94.78%
2013 94.32% 93.86% 93.17% 92.97% 93.62%
2012 93.36% 92.41% 91.36% 90.74% 92.1%
2011 90.77% 90.12% 88.99% 87.89% 89.43%
2010 87.84% 84.86%

Business Profile of Prosperity Bancshares, Inc.

Sector: Financial Services
Industry: Banks—Regional
Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides retail and commercial banking services to businesses and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts; and certificates of deposit. The company also offers 1-4 family residential mortgage, commercial real estate and multifamily residential, commercial and industrial, agricultural real estate, and non-real estate agricultural loans, as well as construction, land development, and other land loans; consumer loans, including automobile, recreational vehicle, boat, home improvement, personal, and deposit account collateralized loans; and consumer durables and home equity loans, as well as loans for working capital, business expansion, and purchase of equipment and machinery. In addition, it provides internet banking and other cash management, mobile banking, trust and wealth management, retail brokerage, mortgage banking, and automated telephone banking services, as well as debit and credit cards. As of December 31, 2020, the company operated 275 full-service banking locations comprising 65 in the Houston area, including The Woodlands; 30 in the South Texas area including Corpus Christi and Victoria; 65 in the Dallas/Fort Worth, Texas area; 22 in the East Texas area; 29 in the Central Texas area, including Austin and San Antonio; 34 in the West Texas area, including Lubbock, Midland-Odessa and Abilene; 16 in the Bryan/College Station area; 6 in the Central Oklahoma area; and 8 in the Tulsa, Oklahoma area, as well as 42 locations in the Dallas/Fort Worth area doing business as LegacyTexas Bank. Prosperity Bancshares, Inc. was founded in 1983 and is based in Houston, Texas.