HOUSTON, April 26, 2023 /PRNewswire/ -- Prosperity Bancshares, Inc.® (NYSE: PB), the parent company of Prosperity Bank® (collectively, "Prosperity"), reported net income of $124.7 million for the quarter ended March 31, 2023 compared with $122.3 million for the same period in 2022. Net income per diluted common share was $1.37 for the quarter ended March 31, 2023 compared with $1.33 for the same period in 2022, an increase of 3.0%, and the annualized return on first quarter average assets was 1.31%. Additionally, loans, excluding Warehouse Purchase Program loans, increased $436.0 million or 2.4% (9.6% annualized) during the first quarter of 2023. Nonperforming assets remain low at 0.07% of first quarter average interest-earning assets.
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