PROSPERITY BANCSHARES INC - FORM 8-K - EX-99.1 - INVESTOR PRESENTATION - August 2, 2011

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Exhibit 99.1

2
“Safe Harbor”
Statement
“Safe Harbor”
Statement
under the Private Securities Litigation Reform Act of 1995
Statements contained in this presentation which are not historical
facts and which pertain to future operating results of Prosperity
Bank and its subsidiaries constitute “forward-looking statements”
within the meaning of the Private Securities Litigation reform Act of
1995. These forward-looking statements involve significant risks and
uncertainties. Actual results may differ materially from the results
discussed in these forward-looking statements. Factors that might
cause such a difference include, but are not limited to, those
discussed in the company’s periodic filings with the SEC. Copies of
the
SEC
filings
for
Prosperity
Bancshares
®
may
be
downloaded
from
the Internet at no charge from www.prosperitybanktx.com.

3
Corporate Profile
Corporate Profile
A Texas based Financial Holding Company with approximately $10
billion in assets
3
rd
largest
Texas
based
commercial
bank
by
Texas
deposits
Strong
balance
sheet
growth
–
10
year
CAGR
of
30%
loans,
28%
deposits and 30% assets
Strong
earnings
growth
–
10
year
CAGR
of
14%
for
EPS
(diluted)
and
32% for net income
Shareholder driven with approximately 9% inside ownership
Excellent
asset
quality
–
Net
Charge
Offs
/
Average
Loans
of
0.03%
for
three months ending June 30, 2011
Excellent
cost
control
–
under
50%
efficiency
ratio
Since 2000, integrated over 20 successful acquisitions
a Track Record of Success

4
2Q11 Highlights
2Q11 Highlights
Net Interest Margin increased to 4.06% for the second quarter 2011
Non-
Performing Assets to Average Earning Assets remain low at 0.15%
or $12.680 million
Strong Earnings of $35.092 million or $0.75 per share (diluted) and
1.45% Return on Assets for the second quarter 2011
Tangible Common Equity Ratio improved to 6.46% at June 30, 2011

Banking Center Network
Banking Center Network
Sources:  SNL Financial and MapPoint
Texas has six of the
nation’s top 20 cities
in population:
4  Houston
7  San Antonio
9  Dallas
16  Austin
17  Fort Worth
20  El Paso
175 Full Service Locations
10
in Bryan/ College Station Area
33
in Central Texas Area
31
in Dallas/ Fort Worth Area
21
In East Texas Area
60
in Houston Area
20
in South Texas Area
The Houston MSA is
the nation’s 6th
largest regional area
with 5.6 million
residents
The Dallas/ Fort
Worth MSA is the
nation’s 4th largest
regional area with
6.1 million residents
Including U.S. Bank Branch Acquisitions

6
Balance Sheet Summary
Balance Sheet Summary
$0
$1,200
$2,400
$3,600
$4,800
$6,000
$7,200
$8,400
$9,600
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2Q
2011
$0
$200
$400
$600
$800
$1,000
$1,200
$1,400
$1,600
Loans
Deposits
Assets
Equity
As Originally Reported
$ in millions
Total footings as of 6/30/11
Loans =
$3.665 Billion
Deposits =
$7.668 Billion
Assets =
$9.657 Billion
5 year CAGR
Loans =
18%
Deposits =
21%
Assets =
21%

7
$0.75
$0.68
$2.73
$1.77
$1.94
$2.09
$2.41
$2.06
$0.00
$0.25
$0.50
$0.75
$1.00
$1.25
$1.50
$1.75
$2.00
$2.25
$2.50
$2.75
$3.00
2005
2006
2007
2008
2009
2010
2Q 2010
2Q 2011
EPS Growth Diluted
EPS Growth Diluted
*
**
 
*Excluding the non-cash after tax impairment charge related to FNMA/FLHMC preferred stock of $6.5 million, EPS was $1.94
**Excluding the non-cash after tax impairment charge related to FNMA/FLHMC preferred stock of $9.1 million, EPS was $1.86

8
Deposit Composition
Deposit Composition
Non-interest
Bearing DDA
23.33%
MMA &
Savings
30.64%
Interest
Bearing DDA
17.72%
CDs & IRAs
<$100,000
13.53%
CDs & IRAs
>$100,000
14.78%
$ in thousands
2Q11 Cost of Deposits= 0.57%
June 30, 2011
Amount
% of total
Non-interest Bearing DDA
$
1,788,756
23.33 %
Interest Bearing DDA
1,358,649
17.72
MMA & Savings
2,349,761
30.64
CD's & IRA's<100m
1,037,492
13.53
CD's & IRA's>100m
1,133,034
14.78
Total Deposits
$
7,667,692
100.00 %

9
Net Interest Margin
*
Net Interest Margin
*
4.06%
4.02%
3.99%
3.97%
4.00%
4.24%
4.08%
4.09%
4.20%
3.98%
3.60%
3.70%
3.80%
3.90%
4.00%
4.10%
4.20%
4.30%
1Q09
2Q09
3Q09
4Q09
1Q10
2Q10
3Q10
4Q10
1Q11
2Q11
Net Interest Margin for 2008 = 3.96% 
Net Interest Margin for 2009 = 4.08%
Net Interest Margin for 2010 = 4.04%
*
Tax equivalent- annualized 

$0
$400
$800
$1,200
$1,600
$2,000
$2,400
$2,800
$3,200
$3,600
2004
2005
2006
2007
2008
2009
2010
2Q10
2Q11
30.00%
35.00%
40.00%
45.00%
50.00%
55.00%
60.00%
65.00%
70.00%
Loans
Loan / Deposit
Ratio
10
Loan Growth
Loan Growth
$ in millions

11
Loan Portfolio
Loan Portfolio
Home Equity
3.58%
Agriculture
4.39%
Consumer
2.21%
1-4 Family
Residential
25.68%
Commercial
12.44%
Construction
13.19%
Commercial
R.E.
38.51%
$ in thousands
Loans/ Deposits: 47.8%
June 30, 2011
Construction Loan Breakout
Approximate $ in million
Single Family:
$125
Land Development:
$46
Raw Land:
$70
Lots:                                       $141
Commercial/ Other:             $101
CRE Loan Breakout
Approximate $ in million
Owner Occupied:     
$516
Office Building:              
$188
Multi-family:                
$82
Strip Center:
$150
Church:
$115
Other:
$361
Amount
% of total
Commercial R.E.
$
1,411,501
38.51%
Commercial
455,791
12.44
Construction
483,581
13.19
1-4 Family Residential
941,250
25.68
Consumer
81,132
2.21
Agriculture
160,780
4.39
Home Equity
131,213
3.58
Gross Loans
$
3,665,248
100.0%

0.45%
0.48%
0.40%
0.49%
0.05%
0.09%
0.17%
0.13%
0.38%
0.35%
0.36%
0.64%
3.91%
3.63%
0.84%
0.83%
1.18%
1.02%
0.70%
0.97%
2.26%
2.92%
3.88%
4.06%
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
3.50%
4.00%
4.50%
5.00%
2002
2003
2004
2005
2006^
2007^
2008^
2009^
2010^
2Q10^
1Q11^
2Q11^
Asset Quality –
NPA*/ Loans + OREO
*
Includes loans past due 90 days and still accruing
Asset Quality –
NPA*/ Loans + OREO
*
Includes loans past due 90 days and still accruing
Source: SNL Financial
Texas Peer Group Includes: CFR, EBTX, FFIN, FBTX, IBOC, MCBI, SBSI, SNBI, SBIB, SBIT, TCBI, TRBS & TXUI
^ SNBI, SBIT, TRBS & TXUI have been acquired and were excluded from 2006 & 2007 and FBTX failed and was excluded from 2008
Note: 2Q11 does not include EBTX or IBOC as they have yet to report earnings
12
PRSP
NPA*/Loans
+
OREO
Peer
NPA*/Loans
+
OREO

Asset Quality –
NCO/Average Loans
Asset Quality –
NCO/Average Loans
0.40%
0.23%
0.18%
0.04%
0.03%
0.23%
0.08%
0.41%
0.06%
0.29%
0.14%
0.17%
0.32%
0.96%
0.48%
0.13%
0.19%
0.20%
0.19%
0.30%
1.29%
1.38%
0.74%
0.77%
0.00%
0.20%
0.40%
0.60%
0.80%
1.00%
1.20%
1.40%
1.60%
1.80%
2002
2003
2004
2005
2006^
2007^
2008^
2009^
2010^
2Q10^
1Q11^
2Q11^
PRSP NCO / Loans
Peer NCO / Loans
Source: SNL Financial
Texas Peer Group Includes: CFR, EBTX, FFIN, FBTX, IBOC, MCBI, SBSI, SNBI, SBIB, SBIT, TCBI, TRBS & TXUI
^ SNBI, SBIT, TRBS & TXUI have been acquired and were excluded from 2006 & 2007 and FBTX failed and was excluded from 2008
Note: 2Q11 does not include EBTX or IBOC as they have yet to report earnings
(Annualized)
13

14
Contact Information
Contact Information
Corporate Headquarters
Investor Contacts
Prosperity Bank Plaza
David Zalman
4295 San Felipe
Chairman & Chief Executive Officer
Houston, Texas  77027
979.543.2200
david.zalman@prosperitybanktx.com
281.269.7199  Telephone
Dan Rollins
281.269-7222  Fax
President & Chief Operating Officer
www.prosperitybanktx.com
281.269.7199
dan.rollins@prosperitybanktx.com
David Hollaway
Chief Financial Officer
979.543.2200
david.hollaway@prosperitybanktx.com

2nd Quarter 2011 Earnings

Financial Highlights
Financial Highlights
16
As Originally Reported                                          
($ in thousands, except EPS)
2005
2006
2007
2008
2009
2010
2Q 2011
Non Interest Income
$30,021
$33,982
$52,923
$52,370
$60,097
$53,833
$13,530
Net Interest Income
$110,897
$138,145
$200,435
$227,729
$307,101
$318,148
$83,630
Net Income
$47,860
$61,725
$90,635*
$93,623**
$111,879
$127,708
$35,092
Book Value Per Share
$16.69
$20.26
$25.51
$27.24
$29.03
$31.11
$32.24
Tangible Book Value Per Share
$6.48
$6.62
$7.42
$7.43
$9.43
$10.70
$11.99
ROAA
1.42%
1.44%
1.49%*
1.33%**
1.26%
1.38%
1.45%
ROAE
11.56%
10.24%
8.72%*
7.85%**
8.57%
9.08%
9.36%
ROAE-
tangible
29.88%
31.53%
32.34%*
26.77%**
28.66%
27.40%
25.56%
Efficiency Ratio
48.91%
45.27%
46.19%
46.51%
46.27%
44.83%
43.58%
Leverage Ratio
7.83%
7.76%
8.09%
5.68%
6.47%
6.87%
7.24%
Tier I Risk Capital
15.34%
13.52%
13.13%
10.27%
12.61%
13.64%
14.72%
Total Risk Capital
16.37%
14.55%
14.11%
11.17%
13.86%
14.87%
15.93%
Tangible Ratio
5.46%
5.24%
5.88%
4.19%
5.53%
5.86%
6.46%
*Does not include the non-cash after tax impairment charge related to FNMA/FLHMC preferred stock of $6.5 million.
**Does not include the non-cash after tax impairment charge related to FNMA/FLHMC preferred stock of $9.1 million.

17
PRSP Acquisitions
PRSP Acquisitions
Branch Acquisitions
Date of
Announcement
Seller
# of Branches
Branch Type
Branch Locale
State
Amount of Deposits
Transferred ($000)
Deposit Premium
($000)
1
2/8/2010
First Bank
19
Bank
TX
500,000
36,000
2
1/19/2010
U.S. Bank
3
Bank
TX
420,000
13,000
3
11/7/2008
Franklin Bank
46
Bank
TX
3,700,000
60,000
4
10/22/2007
Banco Popular North America
6
Bank
TX
140,000
NA
5
6/15/2000
Compass Bancshares, Inc.
5
Bank
TX
87,000
NA
6
2/27/1998
Grimes County Capital Corporation
1
Bank
TX
5,900
250
7
3/30/1997
Wells Fargo & Company
1
Bank
TX
NA
NA
8
3/11/1996
Victoria Bankshares, Inc.
1
Bank
TX
46,000
NA
Date of
Announcement
Seller
# of
Branches
City
State
Type
Consideration
Accounting
Method
PRSP
Assets
($000)
Sellers'
Assets
($000)
Sellers'
Assets
Contribution
(%)
Deal
Value
($ In MM
1
02/07/08
1st Choice Bancorp, Inc.
1
Houston
TX
Bank
Mixed
Purchase
6,372,343
313,900
4.69
66.2
2
05/01/07
The Bank of Navasota
1
Navasota
TX
Bank
Common Stock
Purchase
6,247,926
72,300
1.14
17.1
3
07/19/06
Texas United Bancshares, Inc.
34
La Grange
TX
Bank
Common Stock
Purchase
4,547,220
1,818,000
27.82
357.1
4
11/16/05
SNB Bancshares, Inc.
6
Houston
TX
Bank
Mixed
Purchase
3,493,972
1,121,747
24.30
242.7
5
09/12/05
Grapeland Bancshares, Inc.
2
Grapeland
TX
Bank
Common Stock
Purchase
3,479,747
73,000
2.15
7.3
6
10/26/04
FirstCapital Bankers, Inc.
20
Corpus Christi
TX
Thrift
Common Stock
Purchase
2,709,169
773,566
22.21
135.7
7
05/12/04
Village Bank and Trust
1
Austin
TX
Thrift
Cash
Purchase
2,449,553
110,400
4.31
20.2
8
04/26/04
Liberty Bank
4
Austin
TX
Thrift
Mixed
Purchase
2,449,553
186,000
7.06
42.0
9
10/06/03
First State Bank of North Texas
3
Dallas
TX
Bank
Mixed
Purchase
2,078,532
93,900
4.32
21.3
10
07/21/03
Mainbancorp
3
Dallas
TX
Bank
Mixed
Purchase
1,983,277
195,700
8.98
39.7
11
03/05/03
BankDallas SSB
1
Dallas
TX
Thrift
Cash
Purchase
1,822,256
40,716
2.19
7.0
12
02/03/03
Abrams Centre Bancshares, Inc.
1
Dallas
TX
Bank
Cash
Purchase
1,822,256
95,388
4.97
16.3
13
08/15/02
First National Bank of Bay City
1
Bay City
TX
Bank
Cash
Purchase
1,360,356
28,174
2.03
5.0
14
07/15/02
Southwest Bank Holding Company
2
Dallas
TX
Bank
Cash
Purchase
1,289,637
127,055
8.97
21.0
15
05/02/02
Paradigm Bancorporation, Incorporated
8
Houston
TX
Bank
Common Stock
Purchase
1,289,637
259,262
16.74
41.6
16
04/26/02
First State Bank
1
Needville
TX
Bank
Cash
Purchase
1,289,637
17,539
1.36
3.7
17
02/22/02
Texas Guaranty Bank, N.A.
2
Houston
TX
Bank
Cash
Purchase
1,262,152
75,019
5.61
11.8
18
11/08/00
Commercial Bancshares, Inc.
12
Houston
TX
Bank
Common Stock
Pooling
693,079
401,271
36.67
53.3
19
06/21/99
South Texas Bancshares, Inc.
3
Beeville
TX
Bank
Cash
Purchase
461,903
142,091
23.53
23.4
20
06/05/98
Union State Bank
1
East Bernard
TX
Bank
Cash
Purchase
339,287
79,174
18.92
17.6
At Announcement

18
Historical Loan Composition
Historical Loan Composition
$ in millions
12/31/2005
12/31/2006
12/31/2007
12/31/2008
12/31/2009
12/31/2010
CAGR
Loan Composition
Commercial
$
222.8
14.4%
$
297.7
13.7%
$
453.6
14.5%
$
499.1
14.0%
$
415.5
12.3%
$
440.5
12.6%
14.6%
Construction
$
206.7
13.4%
$
433.2
19.9%
$
683.2
21.7%
$
666.1
18.6%
$
557.2
16.5%
$
502.3
14.4%
19.4%
1-4 Family Residential
$
313.2
20.3%
$
377.0
17.3%
$
526.3
16.7%
$
668.1
18.7%
$
709.1
21.0%
$
824.1
23.6%
21.3%
Home Equity
$
58.7
3.8%
$
63.4
2.9%
$
93.9
3.0%
$
107.0
3.0%
$
117.7
3.5%
$
118.8
3.4%
15.1%
Commercial Real Estate
$
619.3
40.3%
$
881.1
40.5%
$
1,148.7
36.6%
$
1,343.4
37.7%
$
1,339.2
39.7%
$
1,370.6
39.3%
17.2%
Agriculture
$
56.3
3.6%
$
57.4
2.6%
$
114.0
3.6%
$
145.7
4.1%
$
135.5
4.0%
$
140.8
4.0%
20.1%
Consumer
$
65.1
4.2%
$
66.7
3.1%
$
123.2
3.9%
$
137.7
3.9%
$
102.4
3.0%
$
88.0
2.5%
6.2%
Total Loans
$
1,542.1
100.0%
$
2,176.5
100.0%
$
3,142.9
100.0%
$
3,567.1
100.0%
$
3,376.7
100.0%
$
3,485.0
100.0%
17.7%

2nd Quarter 2011 Earnings

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