Prosperity Bancshares, Inc. (NYSE:PB) Q4 2022 Earnings Conference Call January 25, 2023 11:30 AM ET

Company Participants

Charlotte Rasche - EVP & General Counsel

David Zalman - Senior Chairman & CEO

Asylbek Osmonov - CFO

Tim Timanus - Chairman

Kevin Hanigan - President, COO & Director

Eddie Safady - Vice Chairman

Conference Call Participants

Brady Gailey - KBW

Michael Rose - Raymond James

David Rochester - Compass Point

Peter Winter - Wedbush Securities

Manan Gosalia - Morgan Stanley

Matt Olney - Stephens

Jon Arfstrom - RBC Capital Markets

Bill Carcache - Wolfe Research

Operator

Good morning. Welcome to the Prosperity Bancshares, Inc. Fourth Quarter 2022 Earnings Conference Call. All participants will be in 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 fourth quarter 2022 earnings conference call. This call is being broadcast live over the Internet at prosperitybankusa.com and will be available for replay for the next several weeks.

I'm Charlotte Rasche, 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; Eddie Safady, Vice-Chairman; 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.

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 that will be provided by our call moderator MJ.

Before we begin, let me make the usual disclaimers. Certain of the matters discussed in this presentation may constitute forward-looking statements for 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.

Additional information concerning factors that could cause actual results to be materially different than those in the forward-looking statements can be found in Prosperity Bancshares' filings with the Securities and Exchange Commission, including Forms 10-Q and 10-K and other reports and statements we have filed with the SEC. All forward-looking statements are expressly qualified in their entirety by these cautionary statements.