Prosperity Bancshares, Inc. (PB)

61.90 +1.13 (+1.86%) At close: 04:00PM EDT

Prosperity Bancshares, Inc.

Prosperity Bank Plaza
4295 San Felipe
Houston, TX 77027
United States
281 269 7199
https://www.prosperitybankusa.com

Sector(s): Financial Services
Industry: Banks - Regional
Full Time Employees: 3,850

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. David E. Zalman	Senior Chairman & CEO	3.07M	N/A	1957
Mr. H. E. Timanus Jr.	Chairman of the Board	1.54M	N/A	1945
Mr. Kevin J. Hanigan	President, COO & Director	2.31M	N/A	1957
Mr. Edward Z. Safady	Advisory Director & Vice Chairman	1.45M	N/A	1958
Mr. Asylbek Osmonov	Chief Financial Officer	772.78k	N/A	1981
Ms. Charlotte M. Rasche J.D.	Executive VP & General Counsel	725.28k	N/A	1965
Mr. Robert J. Dowdell	Executive Vice President	N/A	N/A	1957
Ms. Annette L. Tripp	Senior VP & Associate General Counsel	N/A	N/A	N/A
Mr. John Mays Davenport	Executive VP & Director of Corporate Strategy	914.51k	N/A	1968
Mr. Perry Johnson	President of Camp Wisdom Banking Center	N/A	N/A	N/A

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Prosperity Bancshares, Inc. operates as bank holding company for the Prosperity Bank that provides financial products and services to businesses and consumers. It accepts various deposit products, such as demand, savings, money market, and time accounts, as well as and certificates of deposit. The company also offers 1-4 family residential mortgage, commercial real estate and multifamily residential, commercial and industrial, agricultural, and non-real estate agricultural loans, as well as construction, land development, and other land loans; consumer loans, including automobile, recreational vehicle, boat, home improvement, personal, and deposit account collateralized loans; term loans and lines of credit; and consumer durables and home equity loans, as well as loans for working capital, business expansion, and purchase of equipment and machinery. In addition, it provides internet banking, mobile banking, trust and wealth management, retail brokerage, mortgage services, and treasury management, as well as debit and credit cards. The company was incorporated in 1983 and is headquartered in Houston, Texas.

Corporate Governance

Prosperity Bancshares, Inc.’s ISS Governance QualityScore as of April 1, 2024 is 7. The pillar scores are Audit: 3; Board: 6; Shareholder Rights: 9; Compensation: 8.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.