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, Inc. (NASDAQ: STEL), formed from the merger of CBTX and Allegiance, reported its Q3 2022 financial performance. Stellar's net income was $12.7 million, down from $14.4 million in Q3 2021, while diluted EPS decreased to $0.52 from $0.59. Allegiance's net income fell to $14.3 million from $19.1 million, with diluted EPS at $0.71 versus $0.93. Notably, total loans at CBTX grew 12.3%, and Allegiance's loans increased 22.4%. However, both firms faced rising noninterest expenses due to merger-related costs.
Stellar Bancorp, Inc. (NASDAQ: STEL), previously known as CBTX, Inc., has scheduled a conference call for October 28, 2022, at 8:00 a.m. CT to discuss its third quarter 2022 results. This includes results from both the stand-alone CBTX and the recently merged Allegiance Bancshares, which became part of CBTX on October 1, 2022. The earnings release will be available prior to the market opening on the same day through Stellar's Investor Relations website.