Prosperity Bancshares, Inc. (NYSE:PB) Q1 2023 Earnings Conference Call April 26, 2023 11:30 AM ET

Company Participants

Charlotte Rasche - Executive Vice President & General Counsel

David Zalman - Senior Chairman & Chief Executive Officer

Asylbek Osmonov - Chief Financial Officer

Tim Timanus - Chairman

Kevin Hanigan - President & Chief Operating Officer

Conference Call Participants

Brady Gailey - KBW

Peter Winter - D.A. Davidson

Brad Milsaps - Piper Sandler

Michael Rose - Raymond James

Brett Rabatin - Hovde Group

Manan Gosalia - Morgan Stanley

Ebrahim Poonawala - Bank of America

Operator

Good day and welcome to the Prosperity Bancshares First Quarter 2023 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Charlotte Rasche. Please, go ahead.

Charlotte Rasche

Thank you. Good morning, ladies and gentlemen, and welcome to Prosperity Bancshares first quarter 2023 earnings conference call. This call is being broadcast live over the Internet at prosperitybankusa.com and will be available for replay for the next few weeks.

I'm Charlotte Rasche, Executive Vice President and General Counsel of Prosperity Bancshares. And here with me today is David Zalman, Senior Chairman and Chief Executive Officer; H. E. Tim Timanus Jr., Chairman; Asylbek Osmonov, Chief Financial Officer; Kevin Hanigan, President and Chief Operating Officer; Randy Hester, Chief Lending Officer; Merle Karnes, Chief Credit Officer; Mays Davenport, Director of Corporate Strategy; and Bob Dowdell, Executive Vice President. Eddie Safady, our Vice Chairman is under the weather and unable to join us today.

David Zalman will lead off with a review of the highlights for the recent quarter. He will be followed by Asylbek Osmonov who will review some of our recent financial statistics; and Tim Timanus, who will discuss our lending activities, including asset quality. Finally, we will open the call for questions. During the call, interested parties may participate live by following the instructions provided by our call moderator.

Before we begin, let me make the usual disclaimers. Certain of the matters discussed in this presentation may constitute forward-looking statements for the purposes of the federal securities laws and as such, may involve known and unknown risks, uncertainties and other factors which may cause the actual results or performance of Prosperity Bancshares to be materially different from future results or performance expressed or implied by such forward-looking statements.