PROSPERITY BANCSHARES INC company profile

Overview

Prosperity Bancshares, Inc. is a Texas-based financial holding company operating principally through Prosperity Bank, a regional bank serving businesses and consumers in Texas and Oklahoma. Its offerings include deposits, loans, digital banking, mortgage services, and trust, wealth-management, and treasury services. The company’s stated purpose emphasizes simplifying customers’ everyday financial needs through relationships and service grounded in community banking.[1][2]

The bank’s footprint is concentrated in Texas and Oklahoma, with 363 full-service locations reported as of June 30, 2026. At that date, Prosperity Bancshares reported approximately $43.9 billion in assets, $32.6 billion in deposits, and $25.0 billion in loans.[2][3] For 2025, it reported $1.081 billion in net interest income and $168.3 million in noninterest income; a secondary company profile listed 3,941 employees at year-end 2025.[4][5] Prosperity Bancshares was formed in 1983 to acquire a bank in Edna, Texas; its banking predecessor was chartered in 1949.[1] [1]

Products & services

Prosperity Bank offers consumer checking accounts including Simply Free Checking, eChecking, Personal Checking, Royal Checking, Checking with Interest, Interest Checking Plus and Teen Checking, alongside Personal Savings and Personal and Premier Money Market accounts.[6][7] Consumer credit products include personal lines of credit, boat, recreational-vehicle and all-terrain-vehicle loans, auto loans and refinancing, home-equity loans and lines of credit, and mortgages including fixed- and adjustable-rate, FHA and VA options for purchases or refinancing.[8]

Business products include loans and lines of credit, with commercial and SBA lending options.[12] Treasury and cash-management services include online account and transaction reporting, transfers and wires, check imaging, ACH payments, Positive Pay, ACH blocks and filters, lockbox, sweep accounts and remote deposit capture.[13] Digital and payment services include online and mobile banking, mobile check deposit, bill pay, debit cards, telephone banking, eStatements and Apple Pay; online bill pay supports scheduled and recurring payments, eBills and payment history.[16]

At June 30, 2026, the deposit mix was 32.9% noninterest-bearing demand, 18.8% interest-bearing demand, 33.6% money market and savings, and 14.7% CDs and other time deposits. These are shares of deposit balances, not revenue.[20] Loan balances comprised commercial real estate (28.9%), C&I (11.2%), energy (1.9%), agriculture including farm (4.3%), warehouse purchase program (5.1%), 1–4 family residential (31.1%), home equity (3.3%), consumer and other (1.6%), and construction (12.6%); these are portfolio balance shares, not product revenue percentages.[21] [20]

Geographic presence

Prosperity Bank operates in Texas and Oklahoma. As of June 30, 2026, it reported 311 full-service banking locations. Its regional counts included Houston (62), Dallas/Fort Worth (61), West Texas (45), South Texas (36), Central Texas (28), East Texas (21), Bryan/College Station (15), Tulsa-area Oklahoma (8), and Central Oklahoma (6). The report also identified 18 American Bank locations in Central/South Texas and San Antonio and 11 Texas Partners Bank locations in San Antonio. Markets named include Corpus Christi, Victoria, The Woodlands, Austin, Lubbock, Midland-Odessa, Abilene, Amarillo, and Wichita Falls.[22] At FY2025 year-end, the company reported 283 locations.[1]

The company’s principal executive office is in Houston, Texas.[22] It reports its banking operations as one operating segment and does not disclose revenue by state or region in the cited segment disclosures.[23][24] Its Q2 2026 presentation provides a geographic breakdown of loans, rather than revenue: Dallas/Fort Worth 25.8%, Houston 20.0%, Central Texas 13.0%, South Texas and West Texas 10.2% each, San Antonio 8.4%, Bryan/College Station 4.2%, East Texas 3.5%, Central Oklahoma 2.6%, and Tulsa 2.1%.[25] [22]

Business segments

Prosperity Bancshares reports one operating and reportable segment: banking. The company aggregates its banking operations into a single segment, which offers traditional loan and deposit products primarily to individual consumers and businesses in Texas and Oklahoma.[24][1]

This single segment represents approximately 100% of reported operations; the company does not disclose separate segment contributions. Its chief operating decision maker assesses performance and resource allocation using consolidated net income, rather than results for multiple reportable segments.[24] [24]

Company history

Prosperity Bancshares traces its roots to First National Bank of Edna, Texas, chartered in 1949. The holding company was formed in 1983 to acquire the former Allied Bank, which became Prosperity Bank.[1]

From 2005 through 2014, Prosperity expanded through acquisitions across Texas, including Texas United Bancshares in 2007, American State Bank in 2012, First Victoria National Bank and Oklahoma-based Coppermark Bank in 2013, and F&M Bank & Trust in 2014.[28] In 2019, it completed its merger with LegacyTexas Bank, adding a substantial Dallas–Fort Worth presence; Kevin Hanigan became president and chief operating officer at the time.[29][30]

Prosperity continued expanding in West Texas with the 2023 acquisition of First Bancshares of Texas and the 2024 merger with Lone Star State Bancshares.[31][32] In 2026, it completed mergers with American Bank Holding Corporation and Southwest Bancshares, followed by the July 1 completion of its merger with Houston-based Stellar Bancorp, a major expansion in the Houston area.[33] [1]

Sources

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