Prosperity Bancshares to acquire Stellar Bancorp for ~$2.002B in stock/cash

PROSPERITY BANCSHARES INC

Prosperity issues 0.3803 shares plus $11.36 cash per Stellar share; total consideration ~$2.002B.
Stellar has $10.807B assets, $7.301B loans, and $9.021B deposits as of Dec 31, 2025.
Robert R. Franklin Jr. to join Prosperity Bank as Vice Chairman; Ramon Vitulli as Houston Area Chairman.
Two Stellar directors will join Prosperity Board; deal expected to close Q2 2026.
Combination creates second largest Texas bank by deposits with over 330 branches.

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