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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.

Stellar Bancorp, Inc. (STEL) is a prominent bank holding company headquartered in Houston, Texas, dedicated to providing comprehensive commercial banking solutions. Known for its robust financial condition and stability, Stellar Bancorp operates through its principal banking subsidiary, Stellar Bank. The bank caters primarily to small- to medium-sized businesses and individual customers across the Houston, Dallas, Beaumont, and surrounding communities in Texas.

As one of the largest independently owned banks in Texas, Stellar Bank offers a diverse range of business services, including treasury management, commercial lending, working capital lines of credit, fixed asset lending, equipment financing, interim construction financing, commercial real estate loans, and SBA loans. The bank is also noted for its personal banking services, providing options such as checking and savings accounts, as well as mobile and online banking solutions.

With over 50 full-service banking centers, Stellar Bank prides itself on its deep financial resources, which enable it to meet the short-term, long-term, and ongoing financial needs of businesses and communities throughout Southeast Texas. The bank's decisions are made locally, leveraging the expertise and industry knowledge of its bankers to deliver customized solutions tailored to the needs of its clients.

Stellar Bancorp's recent achievements include the successful merger of equals between Allegiance Bancshares, Inc. and CBTX, Inc., which was effective as of October 1, 2022. This merger has significantly impacted the company's financial statements, reflecting the combined operations post-merger. As of the third quarter of 2023, the company reported a net interest income of $106.7 million and maintained its strategic focus on balance sheet strength, sound quality, and stable core deposits.

The company maintains transparency and communication with its stakeholders through regular updates and investor relations activities. Recent financial highlights indicate a steady performance amidst economic uncertainties, including a net interest margin of 4.37% and total assets amounting to $10.67 billion as of September 30, 2023.

For more detailed insights and the latest updates, investors and interested parties can participate in conference calls and live webcasts hosted by Stellar Bancorp's management team. Information regarding these events and other significant developments can be accessed through the Investor Relations section of the company's website.

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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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Stellar Bancorp, Inc. (NYSE: STEL) Declares Quarterly Cash Dividend of $0.13 per Share
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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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Stellar Bancorp, Inc. to hold conference call for Q3 2023 results
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Stellar Bancorp, Inc. declares quarterly cash dividend of $0.13 per share of common stock.
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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.
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FAQ

What is the current stock price of Stellar Bancorp (STEL)?

The current stock price of Stellar Bancorp (STEL) is $24.65 as of October 3, 2024.

What is the market cap of Stellar Bancorp (STEL)?

The market cap of Stellar Bancorp (STEL) is approximately 1.3B.

What services does Stellar Bancorp, Inc. offer?

Stellar Bancorp offers a range of commercial and personal banking services including treasury management, commercial lending, personal deposits, and online banking.

Where is Stellar Bancorp, Inc. headquartered?

Stellar Bancorp, Inc. is headquartered in Houston, Texas.

Who are the primary customers of Stellar Bank?

Stellar Bank primarily serves small- to medium-sized businesses and individual customers in the Houston, Dallas, Beaumont, and surrounding communities in Texas.

How many banking centers does Stellar Bank operate?

Stellar Bank operates more than 50 full-service banking centers.

What were the financial highlights for Stellar Bancorp in the third quarter of 2023?

Stellar Bancorp reported a net interest income of $106.7 million and total assets of $10.67 billion as of September 30, 2023.

How did the merger of Allegiance Bancshares and CBTX impact Stellar Bancorp?

The merger significantly impacted the company's financial statements, reflecting the combined operations and resulting in stronger financial performance.

Does Stellar Bancorp host investor relations events?

Yes, Stellar Bancorp hosts conference calls and live webcasts to discuss financial results and significant developments.

What is the primary focus of Stellar Bancorp's business strategy?

Stellar Bancorp focuses on providing customized financial solutions to businesses and families while maintaining balance sheet strength and stable core deposits.

How can I access Stellar Bancorp's webcast and presentations?

You can access Stellar Bancorp's webcast and presentations through the Investor Relations section of their website.

What is the email for investor relations inquiries at Stellar Bancorp?

For investor relations inquiries, you can email IR@stellarbancorpinc.com.

Stellar Bancorp, Inc.

NYSE:STEL

STEL Rankings

STEL Stock Data

1.31B
53.58M
15.32%
55.46%
0.96%
Banks - Regional
National Commercial Banks
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United States of America
HOUSTON