Prosperity Bancshares Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended Dec. 31, 2013. For the quarter, the company reported total interest income of $155.751 million compared to $117.719 million a year ago. Net interest income was $145.469 million compared to $108.301 million a year ago. Net income before taxes was $94.170 million compared to $71.889 million a year ago. Net income available to common shareholders was $62.971 million compared to $48.266 million a year ago. Diluted earnings per share were $0.98 compared to $0.86 a year ago. Return on average assets was 1.42% compared to 1.36% a year ago. Return on average common equity was 9.53% compared to 9.28% a year ago. Return on average tangible common equity was 23.97% compared to 22.92% a year ago. Net income available to common shareholders, adjusted was $50.876 million compared to $40.892 million a year ago.

For the year, the company reported total interest income of $539.297 million compared to $419.842 million a year ago. Net interest income was $498.826 million compared to $380.706 million a year ago. Net income before taxes was $329.817 million compared to $251.684 million a year ago. Net income available to common shareholders was $221.398 million compared to $167.901 million a year ago. Diluted earnings per share were $3.66 compared to $3.24 a year ago. Return on average assets was 1.36% compared to 1.35% a year ago. Return on average common equity was 9.31% compared to 9.10% a year ago. Return on average tangible common equity was 22.52% compared to 21.93% a year ago. Book value per share was $42.19 as at Dec. 31, 2013 compared to $37.02 a year ago. Tangible book value per share was $16.27 as at Dec. 31, 2013 compared to $14.49 a year ago. Net income available to common shareholders, adjusted was $185.922 million compared to $154.944 million a year ago.

For the quarter, the company reported net charge-offs of $496,000 compared to $1,913,000 a year ago.