Attached files
| file | filename |
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| EX-99.1 - PROSPERITY BANCSHARES INC | v162992_ex99-1.htm |
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF
THE
SECURITIES EXCHANGE ACT OF 1934
Date of
Report (Date of earliest event reported): October 16, 2009
PROSPERITY
BANCSHARES, INC.
(Exact
name of registrant as specified in its charter)
|
Texas
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0-25051
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74-2331986
|
|
(State
or other jurisdiction of incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
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4295
San Felipe
Houston,
Texas 77027
(Address
of principal executive offices including zip
code)
|
Registrant's
telephone number, including area code: (281)
269-7199
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
|
o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Solicitingmaterial pursuant to
Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
|
o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
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Item
2.02
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Results
of Operations and Financial
Condition.
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On
October 16, 2009, Prosperity Bancshares, Inc. publicly disseminated a press
release announcing its financial results for the third quarter ending September
30, 2009. A copy of the press release is attached as Exhibit 99.1 hereto and
incorporated herein by reference.
In addition to financial results determined in accordance with
generally accepted accounting principles ("GAAP"), the press release also
contains financial information determined by methods other than in accordance
with GAAP. Specifically, Prosperity reviews tangible book value per share,
return on average tangible common equity and the tangible equity to tangible
assets ratio for internal planning and forecasting purposes. Prosperity also
reviewed its net income, earnings per share, non-interest expense and related
performance ratios for the three and nine month periods ending September 30,
2008 excluding the non-recurring impairment charge on Fannie Mae and Freddie Mac
perpetual preferred securities. Prosperity's management believes these non-GAAP
financial measures, together with the accompanying reconciliations, provide
information useful to investors in understanding Prosperity's financial results,
provide a more complete understanding of factors and trends affecting
Prosperity’s business and allow investors to view performance in a manner
similar to management, the entire financial services sector, bank stock analysts
and bank regulators. Further, Prosperity believes that these non-GAAP measures
provide useful information by excluding certain items that may not be indicative
of its core operating earnings and business outlook.
As
provided in General Instruction B.2 to Form 8-K, the information furnished in
Item 2.02 and Exhibit 99.1 of this Current Report on Form 8-K shall not be
deemed "filed" for purposes of Section 18 of the Securities Exchange Act of
1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities
of that section, and such information shall not be deemed incorporated by
reference in any filing under the Securities Act of 1933, as amended, or the
Exchange Act, except as shall be expressly set forth by specific reference in
such filing.
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Item
9.01
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Financial
Statements and Exhibits.
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(d)
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Exhibits. The
following is furnished as an exhibit to this Current Report on Form
8-K:
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Exhibit
Number
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Description of Exhibit | |
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99.1
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Press
Release issued by Prosperity Bancshares, Inc. dated October 16,
2009.
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SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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PROSPERITY
BANCSHARES, INC.
(Registrant)
|
|||
| Dated: October 16, 2009 |
By:
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/s/ James D. Rollins III | |
| James D. Rollins III | |||
| President and Chief Operating Officer | |||
EXHIBIT
INDEX
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Exhibit
Number
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Description of Exhibit |
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99.1
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Press
Release issued by Prosperity Bancshares, Inc. dated October 16,
2009.
|