Prosperity Bancshares Authorizes Buyback of About 4.8M Shares

Dow Jones

2025/01/22

By Katherine Hamilton

Prosperity Bancshares authorized a stock buyback of 5% of its shares, it said Tuesday.

The Houston company authorized the repurchase of up to 4.8 million shares over the next year.

Prosperity is the parent company of Prosperity Bank, a personal banking company in Texas and Oklahoma. Its stock has risen 19%, to $80.24, over the past 12 months.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

January 21, 2025 17:20 ET (22:20 GMT)

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