Mergers & Acquisitions ·
Prosperity Bancshares, Inc. completed its acquisition of Stellar Bancorp, Inc., with Stellar merging into Prosperity…
PBProsperity Bancshares Inc
Prosperity Bancshares, Inc. completed its acquisition of Stellar Bancorp, Inc., with Stellar merging into Prosperity as the surviving corporation on July 1, 2026. The transaction consideration consisted of 0.3803 shares of Prosperity common stock and $11.36 in cash per share of Stellar common stock, resulting in the issuance of approximately 19.4 million new Prosperity shares and a total cash payment of $578.7 million. This filing serves as an amendment to include Stellar’s audited financial statements for fiscal years ended December 31, 2025, 2024, and 2023, along with unaudited condensed statements for the quarter ended March 31, 2026, and pro forma combined financial information. Prosperity Bancshares operates in the banking industry, providing financial services through its subsidiary bank.