Inflation in the U.S. is heating up again, with May 2026 prices up 4.2% year over year and energy costs jumping as the Strait of Hormuz remains closed during the War in Iran. That kind of backdrop can reshape how different stocks react, especially with the Federal Reserve widely watched ahead of its June 16 to 17 meeting. Some companies may feel pressure from rising funding and credit costs, while others might find new ways to benefit from higher rates. This article highlights 3 bank stocks from our U.S. screener that appear especially exposed to these inflation and interest rate shifts.

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Prosperity Bancshares (PB)

Overview: Prosperity Bancshares is a Houston based regional bank that offers a full range of deposits, loans, and digital banking services to households and businesses across its Prosperity Bank franchise in the United States.

Operations: The company generated about US$1.3b in banking revenue, all from the United States.

Market Cap: US$7.1b

Prosperity Bancshares stands out as a regional bank that can be highly sensitive to the Federal Reserve’s next move. Higher interest rates typically help its net interest margins, while its low cost deposit base and recent Texas focused acquisitions support revenue. The company combines this with a roughly mid single digit dividend yield, consistent buybacks, and earnings that analysts expect to grow faster than the broader U.S. market. Recent results also show pressure from higher credit costs and integration expenses. Investors should also weigh insider selling, a relatively low forecast return on equity, and rising net charge offs, especially with inflation pushing up funding and operating costs, before deciding whether this is the kind of inflation beneficiary that deserves a closer look in a bank heavy portfolio.

Prosperity Bancshares’ mix of higher rate sensitivity, acquisitions and a mid single digit dividend yield can look like a powerful combo, but the real story sits in the 3 key rewards and 1 important warning sign

Independent Bank Group (IBTX)

Overview: Independent Bank Group is a McKinney, Texas based commercial bank that offers a wide range of deposit accounts, loans, and wealth management services to businesses, professionals, and households across the United States, supported by digital banking and treasury management tools.

Operations: The company generated about US$466.7m in banking revenue, all from the United States.

Market Cap: US$2.5b

Independent Bank Group is the kind of rate sensitive commercial bank that can move quickly when the Federal Reserve shifts course, which matters with inflation running at 4.2% and markets watching for a potential rate hike. Analysts expect earnings to grow about 112% per year and revenue about 17% per year, yet the company is still loss making with a declining Return on Equity of 22.27% and a dividend that is not well covered by current or forecast earnings, so investors are paying up for a future turnaround while the share price sits well above an estimated fair value of US$23.75. The stock also trades on a richer P/B multiple than peers, so understanding whether that premium is justified by its interest rate sensitivity, credit quality and earnings path is crucial before making any move.

Independent Bank Group’s turnaround story is accelerating on paper, yet the stock already trades on a richer premium. Before assuming that growth fills the gap, unpack the analyst forecasts for Independent Bank Group that could tip the balance.

Glacier Bancorp (GBCI)

Overview: Glacier Bancorp is a regional bank holding company based in Kalispell, Montana, providing retail and business banking, mortgages, and a wide range of loans to individuals, small and medium sized businesses, community groups, and public entities across its U.S. footprint.

Operations: Glacier Bancorp generated about US$1.0b in banking services revenue, all from the United States.

Market Cap: US$6.2b

Glacier Bancorp gives you focused exposure to lending and deposits in fast growing Mountain West and Pacific Northwest markets at a time when rising inflation and the prospect of higher rates are back in focus, with U.S. CPI at 4.2% and energy costs jumping 23.5%. Recent results show solid net income and high net interest income. Analysts report expectations for earnings growth supported by conservative underwriting and a sizeable base of noninterest bearing deposits that can benefit when rates rise. The trade off is a high P/E relative to peers, low 6.3% ROE, reliance on acquisitions and commercial real estate lending, plus an unstable dividend history. Investors need to decide whether expected earnings power and dividend discipline outweigh those risks in a higher rate setting.

Glacier Bancorp’s earnings story sits between conservative underwriting and a high P/E that assumes more. Get the full picture in the analysis report for Glacier Bancorp to see what could shift this balance next.

The three stocks in this article are just a starting point, with the full U.S. Bank Stocks screener uncovering 44 more U.S. banks and financial companies that carry similarly compelling stories. Use Simply Wall St to identify, filter, and analyze the exact catalysts and narratives that matter to you, so you can focus on the highest conviction opportunities in this corner of the market.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.