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. (NYSE: STEL) is a Houston, Texas-based bank holding company for Stellar Bank, which provides commercial banking services primarily to small- to medium-sized businesses and individual customers in Texas. The news flow around Stellar Bancorp is closely tied to its financial performance, capital actions and regional banking activities.
On this page, readers will find news items such as quarterly earnings releases, where the company reports net income, net interest income, tax-equivalent net interest margin, loan and deposit trends, capital ratios and asset quality metrics. These releases often include management commentary on loan portfolio repositioning, including efforts to balance commercial and industrial and real estate loans while remaining within regulatory guidance.
Stellar Bancorp also issues press releases about its quarterly cash dividends, including announcements of dividend amounts and, when applicable, increases in the dividend per share. Additional news includes information on share repurchase activity, redemption of subordinated notes and other capital management decisions that the company discloses through press releases and related Form 8-K filings.
Investors can also see announcements regarding conference calls and webcasts for quarterly results, where Stellar’s management discusses financial performance and provides prepared remarks. Another notable category of news is listing-related information, such as the company’s announcement of a dual listing of its common stock on NYSE Texas while maintaining its primary listing on the New York Stock Exchange under the STEL ticker.
By reviewing the news items aggregated here, readers can monitor how Stellar Bancorp communicates its financial results, dividend decisions, capital actions and other material events related to its Texas-focused commercial banking business.
Stellar Bancorp (NYSE: STEL) has announced a quarterly cash dividend of $0.14 per share of common stock. The dividend will be paid on June 30, 2025, to shareholders who are on record as of the close of business on June 16, 2025. This dividend declaration demonstrates the company's commitment to providing regular returns to its shareholders.
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.
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