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Prosperity Bancshares to Acquire Stellar Bancorp for $2 Billion

1/28/2026

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Summary

Story summary

Prosperity Bancshares announced on January 28, 2026 that it will acquire Stellar Bancorp in a $2 billion cash-and-stock deal.
Under the terms, Prosperity Bancshares will issue 0.3803 shares and pay $11.36 in cash for each Stellar Bancorp share.
The transaction values Stellar Bancorp at $39.08 per share and represents a 19.8% premium.
Closing is expected in the second quarter of 2026.

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Story summary

Prosperity Bancshares announced on January 28, 2026 that it will acquire Stellar Bancorp in a $2 billion cash-and-stock deal.
Under the terms, Prosperity Bancshares will issue 0.3803 shares and pay $11.36 in cash for each Stellar Bancorp share.
The transaction values Stellar Bancorp at $39.08 per share and represents a 19.8% premium.
Closing is expected in the second quarter of 2026.