Highlights and Quick Summary
- Income Tax Provision for the quarter ending June 29, 2021 was $35.2 Million (a -2.91% decrease compared to previous quarter)
- Year-over-year quarterly Income Tax Provision increased by 0.28%
- Annual Income Tax Provision for 2020 was $116 Million (a 34.01% increase from previous year)
- Annual Income Tax Provision for 2019 was $86.7 Million (a 6.69% increase from previous year)
- Annual Income Tax Provision for 2018 was $81.2 Million (a -39.34% decrease from previous year)
- Twelve month Income Tax Provision ending June 29, 2021 was $143 Million (a 21.95% increase compared to previous quarter)
- Twelve month trailing Income Tax Provision increased by 39.81% year-over-year
Trailing Income Tax Provision for the last four month:
| 29 Jun '21 | 30 Mar '21 | 30 Dec '20 | 29 Sep '20 |
|---|---|---|---|
| $143 Million | $118 Million | $116 Million | $102 Million |
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Historical Income Tax Provision of Prosperity Bancshares, Inc.
Most recent Income Tax Provisionof PB including historical data for past 10 years.Interactive Chart of Income Tax Provision of Prosperity Bancshares, Inc.
Prosperity Bancshares, Inc. Income Tax Provision for the past 10 Years (both Annual and Quarterly)
(All values are in $ million)
| Year | Q1 | Q2 | Q3 | Q4 | Fiscal Year |
|---|---|---|---|---|---|
| 2021 | $35.15 | $36.21 | – | – | – |
| 2020 | $36.89 | $35.05 | $9.36 | $34.83 | $116.13 |
| 2019 | $23.25 | $21.11 | $20.92 | $21.38 | $86.66 |
| 2018 | $21.19 | $21.31 | $20.98 | $17.75 | $81.22 |
| 2017 | $35.04 | $32.64 | $32.27 | $33.96 | $133.91 |
| 2016 | $33.37 | $33.62 | $33.63 | $33.57 | $134.19 |
| 2015 | $34.66 | $35.55 | $36.37 | $36.97 | $143.55 |
| 2014 | $38.52 | $38.74 | $37.53 | $33.52 | $148.31 |
| 2013 | $31.2 | $27.25 | $26.32 | $23.65 | $108.42 |
| 2012 | $23.62 | $22.5 | $18.96 | $18.7 | $83.78 |
| 2011 | $18.21 | $18.65 | $18.15 | $17.01 | $72.02 |
| 2010 | $16.49 | – | – | – | $64.09 |
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.