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Prosperity Bancshares

Logo: prosperitybankusa.com4

American bank

Prosperity Bancshares, Inc. is a bank holding company headquartered in Houston, Texas with operations in Texas and central Oklahoma.3 Its shares trade on NYSE under the symbol PB.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

1983Founded1

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  • TickerPB on NYSE1
  • Industryeconomics of banking1
  • HeadquartersHouston1
  • Websitewww.prosperitybankusa.com/Personal
  • Incorporated inTX5
  • Business address4295 San Felipe, N/A, Houston, Tx 770275
  • Filer categoryLarge accelerated filer5

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Prosperity Bancshares, Inc. is a bank holding company headquartered in Houston, Texas with operations in Texas and central Oklahoma. As of December 31, 2019, the company operated 285 branches: 65 in the Houston area, including The Woodlands, Texas; 30 in South Texas, including Corpus Christi, Texas and Victoria, Texas; 75 in the Dallas–Fort Worth metroplex; 22 in East Texas; 29 in Central Texas, including Austin, Texas and San Antonio; 34 in West Texas, including Lubbock, Texas, Midland–Odessa, and Abilene, Texas; 16 in Bryan–College Station; 6 in Central Oklahoma; and 8 in Tulsa, Oklahoma.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income89101112$542.8M in 2025+63% since 2019
0$200.0M$400.0M$600.0M2019: $332.6M$332.6M20192020: $528.9M$528.9M2020+59%2021: $519.3M$519.3M2021−2%2022: $524.5M$524.5M2022+1%2023: $419.3M$419.3M2023−20%2024: $479.4M$479.4M2024+14%2025: $542.8M$542.8M2025+13%

Every line of the income statement as filed: the last 4 fiscal years, latest first.12

Period ending2025-12-312024-12-312023-12-312021-12-31
Loans, including fees$1.3B$1.3B$1.1B
Securities$230.7M$246.7M$283.3M
Federal funds sold and other earning assets$44.2M$63.8M$12.2M
Total interest income$1.6B$1.6B$1.4B
Deposits$380.0M$408.6M$272.3M
Other borrowings$104.2M$181.6M$206.3M
Securities sold under repurchase agreements$4.6M$7.0M$9.4M
Subordinated notes$0$38.0K
Total interest expense$488.8M$597.2M$488.1M
NET INTEREST INCOME$1.1B$1.0B$956.4M
PROVISION FOR CREDIT LOSSES$0$9.1M$18.5M
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES$1.1B$1.0B$937.9M
Nonsufficient funds (NSF) fees$37.6M$35.4M$33.7M
Credit card, debit card and ATM card income$37.4M$37.3M$36.5M
Service charges on deposit accounts$30.0M$26.5M$24.6M
Trust income$14.6M$14.8M$13.3M
Mortgage income$3.9M$3.1M$2.3M
Brokerage income$5.4M$4.7M$4.3M
Net gain on sale or write down of assets$1.2M$2.8M$2.0M
Net gain on sale or write-up of securities$11.2M
Other$38.2M$29.9M$36.7M
Total noninterest income$168.3M$165.8M$153.3M
Salaries and employee benefits$353.1M$352.4M$328.4M
Net occupancy and equipment$37.1M$35.8M$35.5M
Credit and debit card, data processing and software amortization$48.6M$47.3M$41.6M
Regulatory assessments and FDIC insurance$18.1M$27.4M$40.2M
Core deposit intangibles amortization$14.4M$15.7M$12.7M
Depreciation$19.7M$19.1M$18.3M
Communications$14.0M$13.7M$14.4M
Net other real estate expense (income)$653.0K-$291.0K-$834.0K
Merger related expenses$330.0K$4.4M$15.1M
Other$50.2M$55.2M$51.3M
Total noninterest expense$556.2M$570.6M$556.7M
INCOME BEFORE INCOME TAXES$693.6M$612.7M$534.5M
PROVISION FOR INCOME TAXES$150.7M$133.3M$115.1M
NET INCOME$542.8M$479.4M$419.3M
Basic$5.72$5.05$4.51
Diluted$5.72$5.05$4.51$5.05

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Corporate structure

Prosperity Bancshares sits at the top of its group. 7 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Prosperity Bancshares

  • Prosperity Bancshares Houston
    • Citizens Insurance Agency of Texas, Inc. Subsidiary · Texas, United States
    • Coppermark Card Services, Inc. Subsidiary · Oklahoma, United States
    • HSUMY, Inc. Subsidiary · Oklahoma, United States
    • LegacyTexas Holdings, Inc. Subsidiary · Texas, United States
    • Prosperity Bank Subsidiary · Texas, United States
    • Prosperity Interim Corporation Subsidiary · Texas, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Prosperity Bancshares reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$597.0M12 Dec 31, 2025$568.1M12 Dec 31, 2024+5.1%
Accumulated depreciation$213.5M12 Dec 31, 2025$196.9M12 Dec 31, 2024+8.4%
Property and equipment, net$383.4M12 Dec 31, 2025$371.2M12 Dec 31, 2024+3.3%

Investments

ItemLatestA year beforeChange
Debt securities available for sale$338.2M12 Dec 31, 2025$337.0M12 Dec 31, 2024+0.4%
Debt securities held to maturity$10.3B12 Dec 31, 2025$10.8B12 Dec 31, 2024−4.5%
Deposits held (banks)$28.5B12 Dec 31, 2025$28.4B12 Dec 31, 2024+0.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$3.5B12 Dec 31, 2025$3.5B12 Dec 31, 20240%
Finite-lived intangibles, net$51.6M12 Dec 31, 2025$66.0M12 Dec 31, 2024−21.9%

Properties, in its own words

As of December 31, 2025, the Company conducted business at 283 full-service banking centers. The Company’s principal executive office is located at Prosperity Bank Plaza, 4295 San Felipe, Houston, Texas. The Company also owns or leases other facilities in which its banking centers are located as listed below by geographical market area. The Company also owns or leases various corporate and operations offices. The expiration dates of the leases range from 2026 to 2033 and do not include renewal periods which may be available at the Company’s option.

The following table sets forth specific information regarding the banking centers located in each of the Company’s geographical market areas at December 31, 2025:

The rest of Item 2

Geographical Area · Number ofBanking Centers · Number ofLeased BankingCenters · Deposits at December 31, 2025

(dollars in thousands)

Bryan/College Station area · 15 · — · 1,663,547

Houston area · 62 · 13 · 7,168,130

Central Texas area · 31 · 2 · 2,156,526

Dallas/Fort Worth area · 61 · 20 · 5,963,941

East Texas area · 22 · — · 1,118,280

West Texas area · 45 · 9 · 5,150,871

South Texas area · 33 · 3 · 3,796,799

Central Oklahoma area · 6 · 1 · 553,115

Tulsa Oklahoma area · 8 · 2 · 911,275

283 · 50 · 28,482,484

Item 2 of the 10-K filed Feb 26, 2026.16

The story

The company was formed in 1983 to purchase a former Allied Bank branch in Edna, Texas. The Edna bank dated back to 1949 as the First National Bank of Edna.

In November 2008, in a transaction organized by the Federal Deposit Insurance Corporation, the company acquired Franklin Bank, which suffered from bank failure.

In 2010, the company acquired three branches in Texas as part of the acquisition of FBOP Corporation by U.S. Bancorp.

In July 2012, the company acquired the 37-branch American State Bank, which provided the company its first locations in West Texas.

In April 2013, the company acquired Coppermark Bank and its nine branches, including six branches in Central Oklahoma, its first presence outside Texas.

In November 2013, the company acquired First Victoria National Bank and its 34 branches.

In April 2014, the company acquired F&M Bancorporation and its 13 branches, including several in Tulsa, Oklahoma.

In November 2019, the company acquired LegacyTexas Bank and its 42 branches.

Read the full text

In April 2024, the merger of Prosperity Bancshares and Lone Star State Bancshares and subsidiaries of LS Bancshares and Prosperity Bank was completed. The end of the operational integration is 28 October 2024.

In January 2026, the company acquired American Bank Holding Corporation and its subsidiary American Bank which operated 18 banking offices and two loan production offices in South and Central Texas.

In February 2026, the company acquired Southwest Bancshares, Inc and its wholly owned subsidiary Texas Partners Bank which operated 11 banking offices in Central Texas including its main office in San Antonio.

In July 2026, the company acquired Stellar Bancorp, Inc. Stellar operated 52 banking offices including its main office in Houston and banking offices in the Houston, Beaumont and East Texas areas and in Dallas, Texas.

From Wikipedia’s article on Prosperity Bancshares, shared under CC BY-SA 4.0.6

Leadership

Who has led Prosperity Bancshares, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. David Zalman2008–now

Chair

  1. David Zalman2008–2020
  2. H. E. Timanus Jr.2020–now

President

  1. James D. Rollins Iii.2006–2012
  2. Edward Z. Safady2015–2019
  3. Kevin J. Hanigan2019–now

Chief financial officer

  1. David Hollaway2007–2019
  2. Asylbek Osmonov2019–now

Chief operating officer

  1. James D. Rollins Iii.2006–2012
  2. Kevin J. Hanigan2019–now
1990200020102020
Board members and other officers (37)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Citizens Insurance Agency of Texas, Inc. Texas7
  • Coppermark Card Services, Inc. Oklahoma7
  • HSUMY, Inc. Oklahoma7
  • LegacyTexas Holdings, Inc. Texas7
  • Prosperity Bank Texas7
  • Prosperity Interim Corporation Texas7

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Aug 31, 20268-K Financial statements and exhibits58
  2. Jul 29, 20268-K Results of operations59
  3. Jul 1, 20268-K Completed an acquisition or sale; New debt or obligation; Executive or director change60
  4. Apr 29, 20268-K Results of operations61
  5. Apr 23, 20268-K Shareholder vote62
  6. Apr 22, 20268-K Other events63
  7. Feb 2, 20268-K Other events64
  8. Jan 29, 20268-K Entered a material agreement65
  9. Jan 28, 20268-K Regulation FD disclosure66
  10. Jan 28, 20268-K Results of operations67
  11. Jan 2, 20268-K Other events68
  12. Oct 29, 20258-K Results of operations69
  13. Apr 17, 2008New chief executive David Zalman becomes CEO17
  14. 1983Founded Founded1

Calendar

Coming up

  1. Oct 28, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $1.45 a share, on Oct 29, 2025.70

When it reported results

  1. Jul 29, 2026Reported quarterly or annual results59
  2. Apr 29, 2026Reported quarterly or annual results61
  3. Jan 28, 2026Reported quarterly or annual results67
  4. Oct 29, 2025Reported quarterly or annual results69
  5. Jul 23, 2025Reported quarterly or annual results71
  6. Apr 23, 2025Reported quarterly or annual results72
  7. Jan 29, 2025Reported quarterly or annual results73
  8. Oct 23, 2024Reported quarterly or annual results74

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

412 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 42 major events, 246 insider forms, 21 large holders, 83 other. The latest 20:

  1. Oct 14, 20264 EDGAR
  2. Oct 8, 20264 EDGAR
  3. Oct 1, 20264 EDGAR
  4. Sep 23, 20264 EDGAR
  5. Sep 18, 20264 EDGAR
  6. Sep 16, 2026144 EDGAR
  7. Sep 9, 20264 EDGAR
  8. Sep 3, 20264 EDGAR
  9. Aug 31, 20268-K/A EDGAR
  10. Aug 26, 20264 EDGAR
  11. Aug 19, 20264 EDGAR
  12. Aug 14, 202613F-HR EDGAR
  13. Aug 13, 20264 EDGAR
  14. Aug 6, 202610-Q EDGAR
  15. Aug 5, 20264 EDGAR
  16. Jul 30, 20264 EDGAR
  17. Jul 29, 20268-K EDGAR
  18. Jul 23, 20263 EDGAR
  19. Jul 22, 20264 EDGAR
  20. Jul 15, 20264 EDGAR

The 412 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

120 open-market trades by officers, directors and large owners since October 2021: 6 buys and 114 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 23, 2026HOLMES NED SDirectorSale1,100$68.46$75.3KForm 4
Sep 16, 2026HOLMES NED SDirectorSale1,100$70.94$78.0KForm 4
Sep 9, 2026HOLMES NED SDirectorSale1,100$71.42$78.6KForm 4
Sep 2, 2026HOLMES NED SDirectorSale1,100$71.76$78.9KForm 4
Aug 26, 2026HOLMES NED SDirectorSale1,100$73.19$80.5KForm 4
Aug 19, 2026HOLMES NED SDirectorSale1,100$73.66$81.0KForm 4
Aug 12, 2026HOLMES NED SDirectorSale1,100$74.14$81.6KForm 4
Aug 5, 2026HOLMES NED SDirectorSale1,100$74.61$82.1KForm 4
Jul 29, 2026HOLMES NED SDirectorSale1,100$74.26$81.7KForm 4
Jul 22, 2026HOLMES NED SDirectorSale1,100$72.98$80.3KForm 4
Jul 15, 2026HOLMES NED SDirectorSale1,100$73.06$80.4KForm 4
Jul 8, 2026HOLMES NED SDirectorSale1,100$70.58$77.6KForm 4
Jul 1, 2026HOLMES NED SDirectorSale1,100$73.54$80.9KForm 4
Jun 24, 2026HOLMES NED SDirectorSale1,100$72.73$80.0KForm 4
Jun 17, 2026HOLMES NED SDirectorSale1,100$71.67$78.8KForm 4
Jun 10, 2026HOLMES NED SDirectorSale1,100$71.37$78.5KForm 4
Jun 3, 2026HOLMES NED SDirectorSale1,100$67.69$74.5KForm 4
May 27, 2026HOLMES NED SDirectorSale1,100$69.31$76.2KForm 4
May 26, 2026STEELHAMMER ROBERT HDirectorSale1,500$69.50$104.2KForm 4
May 20, 2026HOLMES NED SDirectorSale1,100$68.79$75.7KForm 4

All 120 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Kevin J. Hanigan69$1.1M$4.5M83
2025David Zalman69$1.1M$3.4M83
2025H. E. TimanusJr.81$573.3K$1.7M83
2025Edward Z. Safady68$573.0K$1.6M83
2025Asylbek Osmonov45$366.8K$1.6M83
2024Senior Chairman of the Board and Chief Executive Officer$1.1M$5.7M83
2024Chairman of the Board$559.3K$3.3M83
2024Vice Chairman$559.0K$3.2M83
2024President and Chief Operating Officer$1.1M$2.6M83
2024Chief Financial Officer$357.9K$818.0K83
2023Senior Chairman of the Board and Chief Executive Officer$1.1M$3.2M83
2023President and Chief Operating Officer$1.1M$2.5M83
2023Chairman of the Board$582.1K$1.6M83
2023Vice Chairman$581.8K$1.5M83
2023Chief Financial Officer$350.9K$792.0K83

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.10,225,601$746.8M0.0%+858,329
Aqr Capital Management LLC6,304,696$460.4M0.2%−18,448
Vanguard Portfolio Management LLC6,208,490$453.4M0.0%+609,688
State Street Corp5,466,720$402.5M0.0%+375,242
Dimensional Fund Advisors LP5,070,242$370.3M0.1%+140,933
Barrow Hanley Mewhinney & Strauss LLC4,793,908$350.1M1.1%−143,120
Vanguard Capital Management LLC4,425,184$323.2M0.0%+77,190
Morgan Stanley3,232,897$236.1M0.0%+6,570
Neuberger Berman Group LLC2,900,025$211.8M0.1%−160,017
Massachusetts Financial Services Co /ma/2,314,597$170.5M0.1%−25,835
Goldman Sachs Group Inc2,222,068$162.3M0.0%+1,236,589
Geode Capital Management, LLC2,106,122$154.9M0.0%+54,891
American Century Companies Inc1,989,245$145.3M0.1%+26,922
Brown Advisory Inc1,479,512$108.0M0.2%−85,770
Charles Schwab Investment Management Inc1,294,584$94.5M0.0%+1,460
Norges Bank1,280,503$93.5M0.0%New
Northern Trust Corp1,092,055$79.8M0.0%+101,791
Citadel Advisors LLC1,082,980$79.1M0.0%+984,426
Snyder Capital Management L P945,565$69.1M1.2%−26,026
First Trust Advisors LP881,170$64.4M0.0%+125,606
Algebris (uk) Ltd816,821$59.5M3.9%−118,152
Bank of New York Mellon Corp792,514$57.9M0.0%−18,668
UBS Group AG778,852$56.9M0.0%−32,490
Vanguard Fiduciary Trust Co636,217$46.5M0.0%+14,381
Perpetual Ltd593,322$43.3M0.6%+19,199

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Jun 24, 2019Donna Shalala, HouseSale$1,001 - $15,000+156.7%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Prosperity Bancshares is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPROSPERITY BANCSHARES INC2
  • CIK0001068851
  • Employer ID (EIN)74-233198616
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company16
  • Incorporated inTexas16
  • Fiscal year endsDecember 312
  • Industry code (SIC)6022 State Commercial Banks2
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance2
  • Business address4295 San Felipe, N/A, Houston, TX 770272
  • Mailing address4295 San Felipe, Houston, TX 770272
  • Phone71369393002
  • Shares outstanding120,176,771 as of Jul 31, 202614
  • Public float$6.4B as of Jun 30, 202516
  • AuditorDeloitte and Touche LLP, Houston, Texas PCAOB ID 34; it also attests to the company’s internal control over financial reporting16
  • On EDGAR sinceSep 11, 19982
  • Filings1,553 in all: 4 (711), 8-K (246), 425 (96), 10-Q (84), SC 13G/A (47), 10-K (28), 11-K (28), DEF 14A (28)2
    All 51 form types

    3 (26), 144 (25), S-4 (22), SC 13G (22), S-4/A (21), CORRESP (20), EFFECT (18), UPLOAD (18), 4/A (17), S-8 (12), 8-K/A (9), ARS (8), 5 (7), 424B3 (6), SCHEDULE 13G (6), 3/A (5), 10-Q/A (4), 13F-HR (3), NT 11-K (3), S-1/A (3), S-3ASR (3), SCHEDULE 13G/A (3), 424B1 (2), 8-A12G (2), S-1 (2), 10-K/A (1), 11-K/A (1), 144/A (1), 25 (1), 5/A (1), 8-A12B (1), CERTNYS (1), DEFA14A (1), DEFM14A (1), NT 10-Q (1), POS AM (1), PRE 14A (1), S-3 (1), S-3/A (1), S-3D (1), S-4MEF (1), SC 13D (1), SC 13D/A (1)

  • Latest filingsAnnual report (10-K) Feb 26, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Mar 16, 2026
    Latest 8-K (8-K) Jul 29, 2026

Securities registered for trading

ClassSymbolExchange
Common stock, par value $1.00 per sharePBNew York Stock Exchange

From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).16

Risk factors and legal proceedings

The risks Prosperity Bancshares names in Item 1A of its 10-K filed Feb 26, 2026: 46 risks under these headings, as written.16

  • Risks Associated with the Company’s Business
  • The Company’s business is subject to interest rate risk, and fluctuations in interest rates may adversely affect its financial condition and results of operations.
  • The Company’s business depends on its ability to successfully manage credit risk.
  • The Company’s allowance for credit losses may not be sufficient to cover actual credit losses, which could adversely affect its earnings.
  • The Company’s profitability depends significantly on local economic conditions.
  • The Company’s dependence on loans secured by real estate subjects it to risks relating to fluctuations in the real estate market that could adversely affect its financial condition, results of operations and cash flows.
  • The Company’s commercial real estate and commercial loans expose it to increased credit risks, and these risks will increase if the Company succeeds in increasing these types of loans.
  • The Company may be adversely affected by weaknesses in the commercial real estate market.
  • The Company’s Warehouse Purchase Program balances can fluctuate widely.
  • The Company’s loan portfolio, and specifically its energy lending portfolio, could be adversely affected by declines in the prices of oil and natural gas, as well as other factors.
  • The Company is subject to losses resulting from fraudulent and negligent acts on the part of loan applicants, correspondents or other third parties.
  • The Company is subject to environmental liability risk associated with lending activities.
The other 35 risks
  • Liquidity risk could impair the Company’s ability to fund operations and jeopardize its financial condition.
  • The Company relies on customer deposits as a significant source of funding, and its deposits may decrease in the future.
  • Negative developments affecting the banking industry, and resulting media coverage, have eroded customer confidence in the banking system.
  • The Company may need to raise additional capital in the future and such capital may not be available when needed on acceptable terms or at all.
  • The fair value of the Company’s investment securities can fluctuate due to factors outside of its control.
  • If the Company is not able to continue its historical levels of growth, it may not be able to maintain its historical earnings trends.
  • If the Company is unable to manage its growth effectively, its operations and profitability could be negatively affected.
  • The Company is subject to risks related to the pending acquisition of Stellar and the recent acquisitions of American and Southwest.
  • If the Company is unable to identify and acquire other financial institutions and successfully integrate its acquired businesses, its business and earnings may be negatively affected.
  • Regulatory approvals for acquisitions may be delayed, impeded, or prohibited.
  • If the goodwill that the Company recorded in connection with a business acquisition becomes impaired, it could require charges to earnings.
  • The Company’s accounting estimates and risk management processes rely on analytical and forecasting models and tools that may prove to be inaccurate.
  • An interruption in the Company’s information systems or compromise in security of the Company’s information systems may result in a loss of customer business and have an adverse effect on the Company’s results of operations, financial condition and cash flows.
  • The Company is subject to certain risks in connection with its use of technology.
  • The Company’s operations rely on external vendors, which may fail to provide adequate services.
  • The Company’s business may be adversely affected by consolidations of technology vendors.
  • The Company’s business may be adversely affected by security breaches at third parties.
  • The Company is subject to losses due to fraudulent and negligent acts.
  • The Company’s risk management framework may not be effective in identifying, managing or mitigating risks and/or losses to it.
  • The Company is subject to risk arising from the failure or circumvention of internal controls and procedures.
  • The use of new technologies, including artificial intelligence (“AI”) and machine learning, may result in reputational harm, increased regulatory scrutiny and increased liability.
  • The Company operates in a highly regulated environment and, as a result, is subject to extensive regulation and supervision.
  • The Company is subject to claims and litigation pertaining to intellectual property.
  • The Company is subject to claims and litigation pertaining to fiduciary responsibility.
  • The Company’s financial condition and results of operations may be adversely affected by changes in accounting policies, standards and interpretations.
  • Severe weather, natural disasters and other adverse external climate events could significantly impact the Company’s business and customers.
  • Climate change, including the regulatory response thereto, could have a material negative impact on the Company and its customers.
  • Expectations from customers, regulators, investors, and other stakeholders with respect to the Company’s environmental, social and governance practices may impose additional costs on the Company or expose it to new or additional risks.
  • The Company’s corporate organizational documents and the provisions of Texas law to which it is subject may delay or prevent a change in control of the Company that a shareholder may favor.
  • There are restrictions on the Company’s ability to pay dividends.
  • There may be substantial fluctuations in the Company’s stock price.
  • Negative publicity could damage the Company’s reputation and business.
  • Failure to compete effectively for customers could adversely affect the Company’s growth and profitability, which could have a material adverse effect on the Company’s business, financial condition and results of operations.
  • The Company may be adversely affected by the soundness of other financial institutions.
  • New lines of business or new products and services may subject the Company to additional risks.

Legal proceedings

The Company and the Bank are defendants, from time to time, in legal actions arising from transactions conducted in the ordinary course of business. The Company and the Bank believe, after consultations with legal counsel, that the ultimate liability, if any, arising from such actions will not have a material adverse effect on their financial statements.

The opening of Item 3, Legal Proceedings.16

Sources

The numbers on this page point here. Each one links to the record it came from.

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    SEC EDGAROther events
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    SEC EDGAROther events
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    SEC EDGAROther events
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