Prosperity Bancshares Q3 Adj. EPS $1.18 Misses $1.39 Estimate, Sales $497.350M Beat $491.186M Estimate

Prosperity Bancshares (NYSE:PB) reported quarterly earnings of $1.18 per share which missed the analyst consensus estimate of $1.39 by 15.11 percent. This is a 18.62 percent decrease over earnings of $1.45 per share from the same period last year. The company reported quarterly sales of $497.350 million which beat the analyst consensus estimate of $491.186 million by 1.25 percent. This is a 58.05 percent increase over sales of $314.673 million the same period last year.