HOUSTON (AP) — HOUSTON (AP) — Prosperity Bancshares Inc. (PB) on Wednesday reported second-quarter net income of $86.9 million.

The Houston-based bank said it had earnings of 94 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were $1.21 per share.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.

The financial holding company posted revenue of $400.1 million in the period. Its revenue net of interest expense was $276.1 million, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $282 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PB at https://www.zacks.com/ap/PB

For copyright information, check with the distributor of this item, STATS Perform dba Automated Insights. , source Associated Press News