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Click on individual bank names in the table below to access American Banker's coverage of each company's earnings report. Links to relevant coverage, filings, and releases can be found in the Related Links area of each article.
January 28
Prosperity Bancshares Inc. in Houston earned $32.8 million in the fourth quarter, up 7.3% from a year earlier, as credit costs subsided significantly, it said Friday.
The earnings of 70 cents a share exceeded the average of analysts' estimates by 2 cents, according to Thomson Reuters. The $9.5 billion-asset company reported 2010 earnings of $127.7 million, up 14.2% from 2009.
Fourth-quarter results included a 65% reduction in credit costs, including a $2.9 million loan-loss provision. Nonperforming assets fell nearly 3% from a year earlier, to $15.8 million.
Noninterest income fell 5.5% from a year earlier, to $13.9 million, due to higher losses on the sale of other real estate owned.
