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Prosperity Bancshares Declares Quarterly Dividend

On January 22, 2025, Prosperity Bancshares, Inc.® (NYSE: PB), a prominent regional financial institution based in Houston, Texas, disclosed an exciting development for its shareholders. The company’s Board of Directors has officially declared a quarterly dividend of $0.58 per share, which is set to be paid on April 1, 2025. Shareholders of record as of March 14, 2025, are eligible to receive this dividend, marking an important milestone in the company’s financial strategy for the year.

Founded in 1983, Prosperity Bancshares has established itself as a significant player in the banking sector, providing a diverse range of services designed to cater to the needs of both individual consumers and small to medium-sized businesses. The company operates under a community banking philosophy, focusing on building strong relationships in the markets it serves, particularly throughout Texas and Oklahoma.

As of late September 2024, Prosperity Bancshares boasted an impressive asset base totaling approximately $40.115 billion. With a network of 285 full-service banking locations, Prosperity continues to enhance its presence in the region, including key areas such as the Houston metropolitan area, Dallas/Fort Worth, and various parts of Oklahoma.

The dividends declared by Prosperity Bancshares serve as a testament to the company’s commitment to returning value to its shareholders. This approach is complemented by their broad range of banking and financial products, including traditional banking services such as deposit accounts, loans, and mortgages, as well as modern digital banking solutions aimed at streamlining everyday transactions.

Notably, the company emphasizes various banking solutions to simplify financial management for its customers. This includes digital banking services, credit and debit cards, retail brokerage services, and wealth management solutions, which are critical in today’s fast-evolving financial landscape.

With divestments planned for the coming quarter, Prosperity’s management has expressed confidence in its future economic performance. The company aims to maintain its growth trajectory while upholding its standards of service excellence. This forward-looking approach is grounded in a commitment to adaptively responding to customer demand and leveraging new market opportunities.

In summary, the upcoming dividend payment reflects Prosperity Bancshares’ ongoing dedication to its stakeholders. The company’s expansive operations combined with its strategic initiatives underscore its position as a leader in the regional banking sector. As stakeholders look forward to the upcoming payment, Prosperity Bancshares remains poised for continued success in an ever-changing financial environment.

Cautionary Notes on Forward-Looking Statements

This announcement contains forward-looking statements, which are inherently subject to risks and uncertainties that may result in actual outcomes differing. The forward-looking statements made in this release include references to future dividends, economic performance, anticipated market behavior, and potential profitability. Shareholders and potential investors should review these factors carefully and consult Prosperity Bancshares' filings with the Securities and Exchange Commission for detailed information on potential risks and uncertainties associated with its operational results.

For more information on Prosperity Bancshares, please visit the corporate website.