Prosperity Bancshares, Inc.® increases common stock dividend

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HOUSTON, 20 October 2021 / PRNewswire / – Prosperity Bancshares, Inc.® (NYSE: PB) announced today that its board of directors has declared a quarterly common stock dividend of $ 0.52 per share for the fourth quarter of 2021, payable January 3, 2022, to shareholders of record on December 15, 2021. The fourth quarter dividend represents an increase of $ 0.03 per share, or 6.1%, from the previous quarter.

Prosperity Bancshares, Inc.®

From June 30, 2021, Prosperity Bancshares, Inc.® is a 36.100 billion dollars Houston, texas regional based financial holding company providing personal banking services and investments to consumers and small and medium enterprises through Texas and Oklahoma.

Founded in 1983, Prosperity believes in a philosophy of community banking, caring for customers, businesses and communities in the areas it serves by providing financial solutions to simplify day-to-day financial needs. In addition to offering traditional deposit and loan products, Prosperity offers digital banking solutions, credit and debit cards, mortgage services, retail brokerage services, trust and wealth management and management. cash.

Prosperity currently operates 273 full-service bank branches: 65 in the Houston area including Woods; 30 in the South Texas area including corpus Christi and Victoria; 63 in the Dallas / Fort Worth Region; 22 in the East Texas Region; 29 in the Central Texas area including Austin and San Antonio; 34 in the West Texas area including Lubbock, MidlandOdessa and Abilene; 16 in the Bryan Station / College zone, 6 in the Central Oklahoma Region; and 8 in the Tulsa, Oklahoma Region.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release contains, and the remarks of Prosperity management during the conference call may contain, forward-looking statements within the meaning of federal securities laws. securities, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are generally, but not exclusively, identified by the use in the statements of words or phrases such as “objective”, “anticipate”, “estimate”, “expect”, “objective”, “direction. “,” Intend to, “” is planned “,” is expected “,” is planned “,” objective “,” plan “,” projected “,” projection “,” will affect “,” will be “,” will continue “,” will decrease “,” will increase “,” will have an impact “,” will increase “,” will result “,” will reduce “,” will remain “,” will result “,” would “, variations of these words or expressions ( including where the word “could”, “could” or “would” is used rather than the word “will” in a sentence) and similar words and sentences indicating that the declaration deals with a result, an event , a plan or a future goal. Forward-looking statements include all statements other than statements of historical fact, including forecasts or trends, and are based on current expectations, assumptions, estimates and projections regarding Prosperity Bancshares and its subsidiaries. These forward-looking statements may include information about the future economic performance or possible or expected future operating results of Prosperity, including future income, income, expenses, allowance for loan losses, allowance for taxes, effective tax rate, earnings per share and cash flow and Prosperity’s future capital expenditure and dividends, its future financial condition and changes, including changes in Prosperity’s loan portfolio and the allowance for losses on loans, the future capital structure or changes to it, as well as management’s plans and objectives for future operations of Prosperity, future or proposed acquisitions, the future or expected effect of acquisitions on the operations of Prosperity , results of operations, future financial position and economic performance, statements on the anticipated stages of the proposed transaction and statements on the assumptions underlying such statement, as well as expectations regarding the effects of C Pandemic OVID-19 on the Bank’s operating income, financial position and cash flows. These forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, many of which are beyond the control of Prosperity, which may cause actual results to differ materially from those expressed or implied by. forward-looking statements. These risks and uncertainties include, but are not limited to, whether Prosperity can: continue to maintain its current organic growth rate or total growth rate; to provide attractive products and services to its customers; continue to have access to the debt and equity markets; and achieve its sales targets. Other risks include, but are not limited to: the possibility of deterioration in credit quality; actions of competitors; changes in laws and regulations (including changes in government interpretations of regulations and changes in accounting standards); the possibility that the expected benefits of an acquisition transaction may not materialize when expected or may not materialize at all, in particular due to the impact or problems resulting from the integration of two companies or due to the strength of the economy and competitive factors in general; deterioration or deterioration in the credit quality and credit rating agencies of the securities in Prosperity’s securities portfolio; customer and consumer demand, including customer and consumer response to marketing; the effectiveness of spending, investments or programs; fluctuations in the cost and availability of supply chain resources; economic conditions, including fluctuations in exchange rates, interest rates and commodity prices; the effect, potential duration of impact or other implications of the COVID-19 pandemic; and weather. These and various other factors are discussed in the annual report of Prosperity Bancshares on Form 10-K for the year ended. December 31, 2020 and other reports and statements that Prosperity Bancshares has filed with the Securities and Exchange Commission (“SEC”). Copies of the documents filed with the SEC for Prosperity Bancshares can be downloaded free of charge from the Internet from http://www.prosperitybankusa.com.

SOURCE Prosperity Bancshares, Inc.

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