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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 305M | 2.4% |
| Gross Profit | 165M | 13.6% |
| Cost of Revenue | 140M | 8.2% |
| Operating expense | 18M | 30.9% |
| Net Income | 127M | 14% |
| EBITDA | 155M | 49.4% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 40.1B | 0.9% |
| Total Liabilities | 32.8B | 0.8% |
| Total Equity | 7.36B | 1.1% |
| Shares Outstanding | 95M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 275M | 26.9% |
| Cash from investing | 331M | 59% |
| Cash from financing | 96M | 116% |
EPS
Financial Highlights for Prosperity Bancshares in Q3 '24
Prosperity Bancshares reported a revenue of 305M, which is a 2.4% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 165M, marking a 13.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 140M, a -8.2% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 18M, showing a -30.9% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 127M, showing a 14% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 155M, showing a -49.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Prosperity Bancshares with growth in revenue, gross profit, and net income. A decline in EBITDA signals potential operational challenges or increased costs.
