Prosperity Bancshares, Inc. Cost of Revenue

Cost of Revenue of PB for past 10 years: annual, quarterly and twelve month trailing (TTM) including Cost of Revenue growth rates and interactive chart. Cost of revenue refers to the direct costs attributable to the production of the goods or supply of services by an entity. It is also commonly known as the “cost of goods sold (COGS)”. Cost of sales measures the cost of goods produced or services provided in a period by an entity. It includes the cost of the direct materials used in producing the goods, direct labor costs used to produce the good, along with any other direct costs associated with the production of goods. In case of services cost of sales includes the labor cost or salaries of the employees and other directly attributable costs. Cost of sales does not include indirect expenses such as distribution costs and marketing costs. It appears on the income statement and is deducted from the sales revenue for the calculation of gross profit (or gross margin).

Highlights and Quick Summary

  • Cost of Revenue for the quarter ending September 29, 2021 was $11.8 Million (a -23.81% decrease compared to previous quarter)
  • Year-over-year quarterly Cost of Revenue decreased by -43.97%
  • Annual Cost of Revenue for 2020 was $113 Million (a -17.49% decrease from previous year)
  • Annual Cost of Revenue for 2019 was $137 Million (a 40.52% increase from previous year)
  • Annual Cost of Revenue for 2018 was $97.6 Million (a 61.37% increase from previous year)
  • Twelve month Cost of Revenue ending September 29, 2021 was $65.8 Million (a -16.02% decrease compared to previous quarter)
  • Twelve month trailing Cost of Revenue decreased by -41.9% year-over-year
Trailing Cost of Revenue for the last four month:
29 Sep '21 29 Jun '21 30 Mar '21 30 Dec '20
$65.8 Million $78.3 Million $90.5 Million $113 Million
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Historical Cost of Revenue of Prosperity Bancshares, Inc.

Most recent Cost of Revenueof PB including historical data for past 10 years.

Interactive Chart of Cost of Revenue of Prosperity Bancshares, Inc.

Prosperity Bancshares, Inc. Cost of Revenue for the past 10 Years (both Annual and Quarterly)

(All values are in $ million)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 $11.77 $15.45 $17.52
2020 $21.01 $24.32 $27.64 $40.21 $113.18
2019 $40.83 $32.19 $32.95 $31.2 $137.17
2018 $29.95 $27.36 $22.52 $17.8 $97.62
2017 $15.79 $16.27 $15.82 $12.62 $60.49
2016 $10.84 $10.4 $10.99 $10.93 $43.16
2015 $9.31 $9.44 $9.74 $10.7 $39.19
2014 $8.83 $11.81 $12.45 $10.56 $43.64
2013 $10.28 $9.68 $10.56 $9.95 $40.47
2012 $9.42 $10.74 $9.21 $9.77 $39.14
2011 $9.57 $10.65 $12.02 $13.0 $45.24

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.