Prosperity Bancshares, Inc. (NYSE:PB) and Stellar Bancorp, Inc. (NYSE:STEL) shares are moving in opposite directions after announcing respective earnings releases and merger deals.
Merger Deal
As per the agreement, Prosperity will pay 0.3803 shares of its common stock plus $11.36 in cash for each share of Stellar common stock.
Based on Prosperity’s closing price of $72.90 on January 27, 2026, the transaction is valued at approximately $2.002 billion.
The merger has received unanimous approval from the Boards of Directors of both companies.
The deal is expected to close in the second quarter of 2026, pending regulatory approvals and customary closing conditions.
David Zalman, Senior Chairman and Chief Executive Officer of …