Prosperity completes two Texas bank acquisitions, repurchases $57M stock in Q1 2026

Filed May 11, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 8, 2025 · ~1 min read

Key Changes

• high

  Completed acquisitions of American Bank (18 branches, $185M goodwill) and Southwest Bancshares (11 branches, $134M goodwill) in January and February 2026, adding 29 Texas banking centers and driving 13.4% asset growth to $43.6B.

  MD&A: Acquisitions verify on EDGAR →
• high

  Announced pending $2.0B acquisition of Stellar Bancorp (52 Houston-area branches), expected to close July 1, 2026 pending shareholder approval; regulatory approvals already received.

  MD&A: Stellar Acquisition verify on EDGAR →
• high

  Net income fell 10.7% to $116.3M and EPS declined 15.3% to $1.16 due to $42.5M in one-time merger expenses; efficiency ratio deteriorated to 59.16% from 45.71% year-over-year.

  MD&A: Earnings verify on EDGAR →