Prosperity Bancshares, Inc.
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Prosperity Bancshares, Inc. - Company
Capsule
Reference Code: FS0449CC
Published Date: April 2011
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Prosperity Bancshares, Inc. - Company Capsule Page 1
Prosperity Bancshares, Inc.
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Prosperity Bancshares, Inc. - Company Overview
Prosperity Bancshares, Inc. (Prosperity) is a financial holding company. The company operates through its subsidiary,
Prosperity Bank (the Bank). The company is engaged in providing retail and commercial banking services to its clients.
The company also offers a wide range of services, such as FastLine Telephone Banking, MasterMoney Debit Cards,
Internet Banking, and Harland Online Check Ordering. Further, the company also offers cash management as well as
merchant services. The company avails its products and services to individual as well as to small and medium-sized
businesses. The bank operates across the various states of the US through its subsidiaries and 176 branches. The
company is headquartered in Houston Texas, US.
Financial Performance
The company reported revenue of US$409.61million during the year 2009.The company's revenue grew at a CAGR of
9.66% during the period 2007-2009 with a year on year growth of 17.74% over fiscal year 2008. During the fiscal year
2009 its operating margin was 41.19% as against the operating margin of 36.34% in the fiscal year 2008. During the fiscal
year2009 the company’s net profit margin was 27.31% as against the net profit margin of24.29% in the fiscal year 2008.
Prosperity Bancshares, Inc. - Key Facts
Prosperity Bancshares, Inc., Key Facts
Prosperity Bank Plaza, Houston,
Texas (TX), 77027, United Ticker Symbol, Stock
Corporate Address: PRSP (NASDAQ)
Exchange
States
Telephone + 1 713 6939300 No. of Employees 1,719
Fax + 1 713 9930765 Financial Year End December
URL www.prosperitybanktx.com Revenue (in USD Million) 409.61
Industry Financial Services
Locations United States
Source: Annual Report, Company Website, Primary and Secondary Research
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Prosperity Bancshares, Inc. - Company Capsule Page 2
Prosperity Bancshares, Inc.
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Prosperity Bancshares, Inc. - Major Products and Services
Prosperity Bancshares, Inc. (Prosperity) is the US based financial holding company. The company’s key products and
services include the following:
Prosperity Bancshares, Inc., Major Products and Services
Products:
MasterMoney Debit Cards
Accounts:
Savings
Checking
Royal Accounts
Services:
Personal Banking:
Loans:
Car Loans
Home Loans
Other Loans
Boat & Recreational Vehicle Loans
Other Services:
FastLine Telephone Banking
Internet Banking
Harland Online Check Ordering
Business Banking:
Loans:
Commercial Real Estate (owner occupied or investment properties)
Equipment
Small Business Administration (SBA)
Cash Management:
On-line, Real-time Internet Banking Services
Web-based Wire Transfer Origination and Dial-up ACH Origination
Positive Pay Accounting
Lock Box Services
Merchant Services:
Credit and Debit Card Acceptance
Check verification
Internet Processing
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Prosperity Bancshares, Inc. - Company Capsule Page 3
Prosperity Bancshares, Inc.
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Prosperity Bancshares, Inc., Major Products and Services
Products:
Gift card
Check conversion
TransLink
Source: Annual Report, Company Website, Primary and Secondary Research
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Prosperity Bancshares, Inc. - Company Capsule Page 4
Prosperity Bancshares, Inc.
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Prosperity Bancshares, Inc. - Key Competitors
The following companies are the major competitors of Prosperity Bancshares, Inc.:
First Financial Bankshares, Inc.
Southwest Bancorp, Inc.
Cullen/Frost Bankers, Inc.
International Bancshares Corporation
Texas Capital Bancshares, Inc.
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Prosperity Bancshares, Inc. - Company Capsule Page 5
Prosperity Bancshares, Inc.
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Prosperity Bancshares, Inc. - Key Employees
Prosperity Bancshares, Inc., Key Employees
Name Job Title Board Level Since Age
Vice President, Chief Financial Officer,
David Hollaway Executive Board 2004 54
Director
David Zalman Chief Executive Officer, Chairman Executive Board 2005 53
Ervan E. Zouzalik Director Non Executive Board 2008 73
Harrison Stafford Director Non Executive Board 2000 68
James A. Bouligny Director Non Executive Board 1991 74
President, Chief Operating Officer,
James D. Rollins Executive Board 2006 51
Director
Leah Henderson Director Non Executive Board 2007 43
Ned S. Holmes Director Non Executive Board 2006 65
Perry Mueller Director Non Executive Board 2001 76
Peter E. Fisher General Counsel Senior Management 2004 63
Robert Steelhammer Director Non Executive Board 2001 69
Tim Timanus Vice Chairman Non Executive Board
William H. Fagan Director Non Executive Board 2002 80
Source: Annual Report, Company Website, Primary and Secondary Research
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Prosperity Bancshares, Inc. - Company Capsule Page 6
Prosperity Bancshares, Inc.
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Prosperity Bancshares, Inc. - Locations and Subsidiaries
Head Office
Prosperity Bancshares, Inc.
Prosperity Bank Plaza
Houston
Texas (TX)
Zip: 77027
United