secwatch.observer — SEC 8-K summary
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Issuer:     PROSPERITY BANCSHARES INC (PB)
CIK:        0001068851
Form:       8-K/A
Filed at:   2026-08-31T20:30:16+00:00
Accession:  0001193125-26-376886
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Prosperity acquires Stellar Bancorp for ~$1.99B in stock+cash; pro forma EPS roughly flat
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- Completed Stellar Bancorp acquisition on July 1, 2026; each Stellar share converted into 0.3803 PB shares plus $11.36 cash.
- Total consideration ~$1.99B ($1.41B stock + $578.7M cash) based on PB closing price of $73.03 on June 30, 2026.
- Pro forma 2025 net income $656.3M (EPS $5.74) vs PB standalone $542.8M ($5.72); Q1 2026 pro forma net income $146.6M (EPS $1.23) vs $116.3M ($1.16).
- Pro forma total assets as of Mar 31, 2026: $54.19B; goodwill rises to $4.56B, core deposit intangibles to $270.8M.
- Estimated direct transaction costs $63.0M; preliminary purchase price allocation with cost savings anticipated but not quantified.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1068851/000119312526376886/0001193125-26-376886-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1068851/000119312526376886/pb-20260701.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-376886

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