Prosperity Bancshares Targets Net Interest Margin Exit Rate Following Stellar Merger
Prosperity Bancshares (PB) announced the completion of its merger with Stellar Bancorp and its subsidiary, Stellar Bank on July 1, 2026. The company now aims for a net interest margin exit rate between 3.70% and 3.75% by year-end 2026. The acquisition added 52 banking offices to Prosperity's operations under the leadership of Senior Chairman & CEO David Zalman, who expressed optimism about the merger’s strategic benefits. The move is expected to enhance operational scale and potentially improve profitability through expanded market presence.
Tickers: $PB
Topics: banking mergers and acquisitions