Prosperity Bancshares Files Pro Forma Financials for $2.0B Stellar Bancorp Merger
PB sits 17% above its 52-week low of $61.065.
Summary
Prosperity Bancshares filed required pro forma financial statements for its completed $2.0 billion Stellar Bancorp acquisition, showing combined assets of $54.2 billion and pro forma EPS of $1.23 for Q1 2026.
Key Events · M&A and Partnerships · PB
-
Pro Forma Financials Filed
Combined balance sheet as of March 31, 2026 shows total assets of $54.19B, total deposits of $41.61B, and shareholders' equity of $9.56B.
-
Pro Forma Earnings Impact
Pro forma net income of $146.6M ($1.23 diluted EPS) for Q1 2026 and $656.3M ($5.74 diluted EPS) for FY2025, reflecting the merger as if completed January 1, 2025.
-
Purchase Price Allocation
Total consideration of $1.99B ($1.41B stock + $578.7M cash) allocated to $733.7M preliminary goodwill and $159.6M core deposit intangibles.
-
Merger Consideration Terms
Each Stellar share converted to 0.3803 Prosperity shares plus $11.36 cash; 19.4M Prosperity shares issued.
Analysis · PB · Finance
This amendment provides the first detailed look at the combined company's financials following the July 1, 2026 Stellar Bancorp acquisition. The pro forma statements show a combined balance sheet of $54.2 billion in assets and $41.6 billion in deposits, with pro forma net income of $146.6 million for Q1 2026 and $656.3 million for full-year 2025. The purchase price allocation reveals $733.7 million in preliminary goodwill and $159.6 million in core deposit intangibles. These figures give investors concrete data to assess the merger's impact on Prosperity's earnings power and capital position, beyond the headline deal announcement.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 30.5% of the 1993 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.21%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PB was trading at $71.56 on NYSE in the Finance sector, with a market capitalization of approximately $8.6B. The 52-week trading range was $61.07 to $77.20. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.