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. reports developments tied to its role as a Texas-based bank holding company for Stellar Bank, a commercial bank serving small- to medium-sized businesses, professionals and individual customers. Recurring updates cover quarterly operating results, net interest income and margin, deposits, credit quality, loan portfolio mix and the bank's commercial banking services.
Company news also includes board-declared cash dividends, subordinated debt redemptions, capital-structure items, material agreements, shareholder voting matters and governance disclosures connected to the publicly traded common stock.
Stellar Bancorp, Inc. (NASDAQ: STEL) has announced a conference call to discuss its fourth quarter 2022 results, scheduled for January 27, 2023, at 8:00 a.m. Central Time. The earnings release will precede the call and will be available on the company’s Investor Relations website. Stellar Bancorp, which will rebrand its principal banking subsidiary to Stellar Bank, focuses on providing a range of commercial banking services primarily to small- to medium-sized businesses and individual customers in Texas.
On November 18, 2022, Stellar Bancorp announced a quarterly cash dividend of $0.13 per share, payable on December 30, 2022, to shareholders of record as of December 15, 2022. The Board of Directors retains discretion over future dividend payments. Stellar Bancorp operates primarily in Texas, providing a range of commercial banking services following its merger between Allegiance Bank and CommunityBank of Texas, N.A., soon to be rebranded as Stellar Bank.
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.