Prosperity Bancshares (PB) Q1 FY26 earnings call

Prosperity Bancshares delivered strong Q1 FY26 results, marked by significant net interest margin expansion driven by asset repricing and recent mergers. The company successfully completed two acquisitions and secured approvals for a third, Stellar Bancorp, which is expected to close in July. While facing record net charge-offs from two specific credits and a slight organic loan decline due to competitive pressures, management remains optimistic about future profitability and capital generation, focusing on integrating the new entities and leveraging scale.