Stock BuybacksBy The Online Investor Staff, updated Mon., Jan. 24, 10:55 AM
|This Slide: #5 of 25|
Slide #5. Prosperity Bancshares, Inc.
Prosperity Bancshares, Inc. (NYSE:PB)
Share Amount Authorized:
Prosperity Bancshares, Inc.(the "Company") (NYSE:PB), the parent company of Prosperity Bank, today announced that its Board of Directors authorized a stock repurchase program under which the Company may repurchase up to 5%, or approximately 4.6 million shares, of its outstanding common stock over a one-year period expiring on January 18, 2023, at the discretion of management.
Prosperity Bancshares is a financial holding company, engaged in providing a variety of financial products and services to businesses and consumers throughout Texas and Oklahoma. Co. is a real estate lender with commercial real estate (including multifamily residential), one-to-four family residential and construction, land development and other land loans. Co. also provides agricultural loans, loans for automobiles and other consumer durables, home equity loans, debit and credit cards, internet banking and other cash management services, mobile banking, trust and wealth management, retail brokerage services, mortgage banking services and automated telephone banking.
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Buy (2.56 out of 4)