Prosperity Bancshares reports Q4 EPS $1.51, consensus $1.49

Reports Q4 tangible book value per share $37.41. "During the fourth quarter of 2022, Prosperity continued to see growth in loans, which we expect will continue in 2023. The growth comes from new loans as well as existing loans not paying off as fast as they did when rates were low and it was opportunistic for borrowers to repay or move the loans. Consumer spending remains strong, especially in the tourism, restaurant and hospitality sectors. Real estate sales and pricing have been affected by the increase in rates, but we expect that because of inventory levels and population growth, the impact will be less in Texas and Oklahoma," said David Zalman, Prosperity’s senior chairman and CEO.