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Stellar Bancorp Inc - STEL STOCK NEWS

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

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. (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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.71%
Tags
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.23%
Tags
earnings
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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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.19%
Tags
earnings
Rhea-AI Summary
Stellar Bancorp, Inc. (NYSE: STEL) Declares Quarterly Cash Dividend of $0.13 per Share
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.69%
Tags
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.38%
Tags
earnings
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Rhea-AI Summary
Stellar Bancorp, Inc. to hold conference call for Q3 2023 results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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earnings
Rhea-AI Summary
Stellar Bancorp, Inc. declares quarterly cash dividend of $0.13 per share of common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.05%
Tags
dividends
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.4%
Tags
earnings
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Rhea-AI Summary
Stellar Bancorp, Inc. (NYSE:STEL) announced the election of Cynthia Dopjera to the Board of Directors, effective July 20, 2023. Ms. Dopjera, a seasoned financial services professional, will join the 14-member Board and the Audit Committee. Her extensive experience in banking, audit, and consulting roles will bring valuable perspective to the Company's leadership. Cynthia Dopjera's background includes executive leadership roles in community and regional banks, as well as serving as Shareholder, Chairman of the Board, and Practice Leader at Harper & Pearson Company, P.C., a Houston-based public accounting firm. Her expertise encompasses financial statement audit, tax preparation, regulatory compliance, internal controls, and more.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.77%
Tags
management
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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earnings
Stellar Bancorp Inc

NYSE:STEL

STEL Rankings

STEL Stock Data

1.30B
45.11M
15.49%
55.43%
1.55%
Commercial Banking
Finance and Insurance
Link
US
Beaumont

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