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Stellar Bancorp, Inc. - $STEL STOCK NEWS

Welcome to our dedicated page for Stellar Bancorp news (Ticker: $STEL), a resource for investors and traders seeking the latest updates and insights on Stellar Bancorp stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Stellar Bancorp's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Stellar Bancorp's position in the market.

Rhea-AI Summary

Stellar Bancorp, Inc., the holding company for Stellar Bank, was ranked third among the top performing U.S. public banks with more than $10 billion in total assets in S&P Global Market Intelligence's annual rankings for 2023. Stellar received better-than-median scores across seven ranking metrics, showcasing its strength and risk profile of balance sheets. The recognition highlights the team's dedication and success amidst industry challenges, with a focus on customer relationships and providing a stellar banking experience.

Rhea-AI Impact
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End-of-Day
0.53%
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Rhea-AI Summary
Stellar Bancorp, Inc. reported a net income of $26.1 million and diluted earnings per share of $0.49 for the first quarter of 2024, slightly lower than the previous quarter. The CEO highlighted the company's focus on capital, liquidity, and credit monitoring amidst interest rate uncertainties. Stellar operates in a thriving market with population growth and job opportunities, positioning them well for future growth.
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Rhea-AI Sentiment
End-of-Day
-5.82%
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Rhea-AI Summary
Stellar Bancorp, Inc. (STEL) will host a conference call to discuss its first quarter 2024 results on April 26, 2024. The earnings release will be available on their website. Participants can register for the call and webcast to access the dial-in numbers and unique PIN.
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Rhea-AI Sentiment
End-of-Day
-0.86%
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Rhea-AI Summary
Stellar Bancorp, Inc. (STEL) declared a quarterly cash dividend of $0.13 per share of common stock, payable on March 29, 2024. Shareholders of record as of March 18, 2024, will receive the dividend.
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End-of-Day
-1.71%
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dividends
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Rhea-AI Summary
Stellar Bancorp, Inc. (STEL) reported net income of $130.5 million for the year ended December 31, 2023, with a return on average assets of 1.21% and return on average equity of 8.96%. The company's total risk-based capital ratio increased to 14.02% at December 31, 2023, from 12.39% at December 31, 2022. Noninterest-bearing deposit balances remained a significant portion of their deposit funding base, ending the year at 40.0% of total deposits. The tax equivalent net interest margin was 4.40% for the fourth quarter of 2023, up from 4.37% in the third quarter of 2023. Stellar's management uses non-GAAP financial measures to evaluate its performance.
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Rhea-AI Sentiment
End-of-Day
0.23%
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Rhea-AI Summary
Stellar Bancorp, Inc. (NYSE: STEL) will hold a conference call to discuss its Q4 2023 results on January 26, 2024. The earnings release will be available on the Investor Relations section of the Company’s website. Participants can register for the conference call and access the webcast via the provided links.
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Rhea-AI Sentiment
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-0.19%
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Rhea-AI Summary
Stellar Bancorp, Inc. (NYSE: STEL) Declares Quarterly Cash Dividend of $0.13 per Share
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End-of-Day
-1.69%
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dividends
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Rhea-AI Summary
Stellar Bancorp reports net income of $30.9 million for Q3 2023. CEO emphasizes commitment to shareholder value. Third quarter financial highlights include strong profitability, continued regulatory capital build, solid margin, and advantageous funding profile. Merger of equals with Allegiance Bancshares and CBTX had significant impact on financial statements. Net interest income and noninterest income decreased, while noninterest expense increased. Total loans and deposits decreased. Asset quality improved. Management uses certain non-GAAP financial measures. Conference call scheduled to discuss Q3 2023 results.
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Rhea-AI Sentiment
End-of-Day
-3.38%
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Rhea-AI Summary
Stellar Bancorp, Inc. to hold conference call for Q3 2023 results
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Rhea-AI Summary
Stellar Bancorp, Inc. declares quarterly cash dividend of $0.13 per share of common stock.
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Rhea-AI Sentiment
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-3.05%
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dividends
Stellar Bancorp, Inc.

NYSE:STEL

STEL Rankings

STEL Stock Data

1.22B
45.11M
15.49%
55.47%
1.28%
Commercial Banking
Finance and Insurance
Link
United States of America
HOUSTON

About STEL

as one of the largest independently owned banks in texas, communitybank of texas has the ability to offer flexible, custom financial solutions to personal and business customers looking to build a stronger financial future. with the strength and stability of a $2.5 billion financial institution, communitybank of texas has the depth of financial resources to meet the short-term, long-term and ongoing financial needs of businesses and communities throughout houston and southeast texas. with decisions made locally, our bankers have the expertise, industry knowledge and flexibility to develop custom solutions and the right mix of products and services to help businesses and families thrive. business services include treasury management, commercial lending, working capital lines of credit, fixed asset lending, equipment financing, interim construction financing, commercial real estate loans and sba loans. personal banking services include checking and savings accounts, mobile bankin