Prosperity Bank - M&A Summary and Business Overview

Financial ServicesCompany

Prosperity Bank M&A Summary

Prosperity Bank has acquired 14 companies, including 3 in the last 5 years. A total of 1 acquisition came from private equity firms.

Prosperity Bank’s largest acquisition to date was in 2019, when it acquired LegacyTexas Financial Group for $2.1B. Prosperity Bank has acquired in 2 different US states. The Company’s most targeted sectors include financial services (100%).

Prosperity Bank Business Overview

Where is Prosperity Bank headquartered?

Prosperity Bank is headquartered in Houston, Texas.

What is Prosperity Bank’s revenue?

Prosperity Bank disclosed revenue of 1,068M USD for 2023 and 1,113M USD for 2022.

How many employees does Prosperity Bank have?

Prosperity Bank has 3,901 employees.

What sector is Prosperity Bank in?

Prosperity Bank is a financial services company.

When was Prosperity Bank founded?

Prosperity Bank was founded in 1983.

M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity14
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 2

Prosperity Bank

Prosperity Bancshares. Inc.

Prosperity Bank Plaza, 4295 San Felipe,
Houston, Texas 77027
United States,
(281) 269-7199
www.prosperitybankusa.com

Prosperity Bank provides a line of financial products and services to small and medium-sized businesses, and consumers. Prosperity Bank was founded in 1983 and is based in Houston, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 12 - - 2 - - 14
vol $3.4B $570M $3.9B
Sell (0.0/yr) # - - - - - - 0
  14

Most Recent M&A

Company Date Value Type
Lone Star State Bancshares, Inc. 2022-10-11 229M USD Add-on Acquisition
Lubbock, Texas · www.lonestarwtx.com
First Bancshares of Texas, Inc. 2022-10-11 342M USD Add-on Acquisition
Midland, Texas · www.fcbtexas.com
LegacyTexas Financial Group, Inc. 2019-06-17 2.1B USD Add-on Acquisition
Plano, Texas · www.legacytexasfinancialgroup.com
Tradition Bancshares, Inc. 2015-08-06 39M USD Add-on Acquisition
Houston, Texas
FVNB Corp. 2013-11-01 439M USD Add-on Acquisition
Victoria,, Texas
F&M Bancorp., Inc. 2013-08-29 - Add-on Acquisition
Tulsa,, Oklahoma
Coppermark Bancshares, Inc. 2013-03-31 214M USD Add-on Acquisition
Oklahoma City,, Oklahoma
East Texas Financial Services Inc. 2013-01-01 22M USD Add-on Acquisition
Tyler,, Texas
American State Financial Corp. 2012-07-01 537M USD Add-on Acquisition
Lubbock,, Texas
Community National Bank (Bellaire, TX) 2012-06-27 - Add-on Acquisition
Bellaire,, Texas · www.commnatlbank.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 14 (100%) 3.9B (100%) - -
Total 14 $3.9B - -

By Geo

State/Country Buy Value Sell Value
United States 14 3.9B - -
  Texas 12 3.7B - -
  Oklahoma 2 214M - -
Total 14 $3.9B - -

Top M&A Advisors

Financial Deals
Keefe, Bruyette, & Woods, Inc.
1
Legal Deals
Bracewell
5

Deal Values

buy # Total
> $1B 1 $2.1B
$100M to $1B 5 $1.8B
< $100M 2 $61M
TOTAL $3.9B
Largest LegacyTexas Financial Group, Inc.
$2.1B (2019-06-17)

M&A Connections

Deals
Acquired from
Investor(s)
7%
1 (7%)

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