secwatch.observer — SEC 8-K summary
======================================

Issuer:     PROSPERITY BANCSHARES INC (PB)
CIK:        0001068851
Form:       8-K
Filed at:   2026-01-28T23:59:59+00:00
Accession:  0001193125-26-025602
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1068851/000119312526025602/0001193125-26-025602-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1068851/000119312526025602/d103745d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-025602

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer