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.
Stellar Bancorp Inc (STEL) delivers commercial banking solutions for small-to-medium businesses and individual clients through its network of community-focused branches. This news hub provides investors and stakeholders with timely updates on the company's financial operations, strategic initiatives, and market developments.
Access official press releases covering quarterly earnings, leadership appointments, and product innovations alongside analysis of regulatory filings and industry trends. Our curated collection enables efficient tracking of loan portfolio expansions, digital banking enhancements, and community development programs central to STEL's growth strategy.
Key content categories include merger/acquisition announcements, capital raising activities, interest rate adjustments, and service area expansions. Bookmark this page for direct access to primary source materials that inform decisions in the dynamic commercial banking sector.
Stellar Bancorp (NYSE: STEL) reported Q1 2025 net income of $24.7 million ($0.46 per diluted share), slightly down from Q4 2024's $25.2 million ($0.47 per share). The company maintained a strong financial position with:
- Tax equivalent net interest margin of 4.20% (Q1 2025) vs 4.25% (Q4 2024)
- Total assets of $10.43 billion, down from $10.91 billion
- Total loans decreased to $7.28 billion from $7.44 billion
- Total deposits declined to $8.56 billion from $9.13 billion
The company actively managed capital through share repurchases, buying back 1.4 million shares at $27.99 average price in Q1. The Board authorized a new $65 million share repurchase program through May 2026. Asset quality metrics showed nonperforming assets at 0.57% of total assets, up from 0.36% in Q4 2024.
Stellar Bancorp (NYSE: STEL) has announced a new $65 million share repurchase program extending through May 31, 2026. This program replaces the previous $60 million repurchase program from May 2024. Under the terminated program, the company repurchased:
- 108,900 shares at $26.10 (Q3 2024)
- 1,378,962 shares at $27.99 (Q1 2025)
- 679,331 shares at $25.83 (post-Q1 2025)
The new program allows for repurchases through various methods, including open market transactions and block trades. Additionally, Stellar Bank has completed its transition to become a Federal Reserve System member as of April 14, 2025, with the Federal Reserve System becoming its primary federal regulator while maintaining the Texas Department of Banking as its state regulator.
Stellar Bancorp (NYSE: STEL) has scheduled its first quarter 2025 earnings conference call for Friday, April 25, 2025, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). The earnings release will be published before market opening on the same day.
The company will make the earnings release available on their Investor Relations website at ir.stellar.bank. Interested participants can register for the conference call and webcast through a dedicated registration link, where they will receive dial-in numbers and a unique PIN for access.
Stellar Bancorp (NYSE: STEL) has announced a quarterly cash dividend of $0.14 per share of common stock. The dividend will be payable on March 31, 2025, to shareholders who are recorded in the company's books at the close of business on March 17, 2025.
Stellar Bancorp (NYSE: STEL) reported Q4 2024 net income of $27.8 million ($0.52 per diluted share) and full-year 2024 net income of $117.6 million ($2.20 per diluted share). The company achieved a return on average assets of 1.10% and return on average equity of 7.50% for 2024.
Key financial metrics include a tax equivalent net interest margin of 4.24% for 2024 (down from 4.51% in 2023), and total risk-based capital ratio improvement to 16.06% from 14.02% year-over-year. Book value per share increased to $30.14 from $28.54, while nonperforming loans decreased to $37.2 million from $39.2 million.
Net interest income for 2024 decreased 6.6% to $408.0 million, while noninterest expense decreased 1.7% to $285.7 million. Total assets reached $10.91 billion, with total loans at $7.44 billion and deposits at $9.13 billion as of December 31, 2024.
Stellar Bancorp (NYSE: STEL) has scheduled its fourth quarter 2024 earnings conference call for Friday, January 31, 2025, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). The company will release its earnings report after market close on January 30, 2025.
Participants can register for the conference call through a provided link using conference ID 63586. The event will include a simultaneous webcast requiring pre-registration. For those unable to attend the live event, the webcast recording will be available in the Investor Relations section of Stellar's website.
Stellar Bancorp (NYSE: STEL) has announced an increase in its quarterly cash dividend. The company's Board of Directors has declared a dividend of $0.14 per share of common stock, representing a $0.01 increase from the previous quarterly dividend of $0.13. The dividend will be payable on December 31, 2024, to shareholders of record as of December 13, 2024.
Stellar Bancorp (NYSE: STEL) announced that its subsidiary, Stellar Bank, plans to redeem all of its $40.0 million Fixed-to-Floating Rate Subordinated Notes due December 15, 2027. The redemption price will be 100% of the principal amount plus any accrued and unpaid interest up to the redemption date. Noteholders will receive detailed instructions regarding the redemption process.
Stellar Bancorp (NYSE: STEL) reported Q3 2024 net income of $33.9 million, or $0.63 per diluted share, up from $29.8 million ($0.56 per share) in Q2 2024. The company achieved a 4.19% tax equivalent net interest margin and improved credit metrics with nonperforming loans decreasing by $18.8 million to $32.1 million. Total assets stood at $10.63 billion, with total loans at $7.55 billion and deposits at $8.74 billion. The company maintained strong capital ratios with a total risk-based capital ratio of 15.91%, while book value per share increased to $30.43.
Stellar Bancorp (NYSE: STEL) has announced its upcoming third quarter 2024 earnings release and conference call. The company will release its earnings report before the market opens on October 25, 2024. Following this, Stellar Bancorp will host a conference call at 8:00 a.m. Central Time (9:00 a.m. Eastern Time) on the same day to discuss the results.
Participants can register for the conference call online to receive dial-in information. A live webcast of the call will also be available, requiring pre-registration. For those unable to attend, the webcast will be accessible later via the company's Investor Relations website. The earnings release will be available on the company's website prior to the call.
