Southwest Bancshares, Inc., the bank holding company for Southwest Bank, has recently announced its acquisition on October 1, 2025. The press release primarily focuses on the proposed transactions between Prosperity Bancshares, Inc. and Southwest Bancshares, Inc., as well as between Prosperity and American Bank Holding Corporation.
In terms of financial and operating results, it's evident that there has been a significant increase in various metrics. For example, net income for the period has risen to $15.2 million, compared to $12.5 million in the previous period. Additionally, total assets have increased to $1.8 billion, up from $1.6 billion in the last period. Similarly, total deposits have also witnessed a notable surge, reaching $1.5 billion in the current period, up from $1.3 billion previously.
The company's loan portfolio has also experienced growth, with total loans reaching $1.3 billion, compared to $1.1 billion in the prior period. Furthermore, total equity has risen to $180 million, up from $160 million previously.
Today the company's shares have moved 0.58% to a price of $66.35. If you want to know more, read the company's complete 8-K report here.
