Here are the 10-K annual reports from Stellar Bancorp, Inc. (STEL) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow STEL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full STEL filings page.
Stellar Bancorp, Inc. filed an amendment to its annual report to add detailed Part III information on directors, executive officers, governance and 2025 executive compensation, and to update the common share count to 50,910,698 as of April 10, 2026.
The company reported 2025 net income of $102.9 million, or diluted EPS of $1.99, with return on average assets of 0.97% and return on average equity of 6.34%. Tangible book value per share rose to $21.62, and noninterest-bearing deposits were 37.8% of total deposits. Net charge-offs were 0.05% of average loans and nonperforming loans were 0.72% of total loans.
The Compensation Committee emphasizes pay for performance using cash bonuses and equity awards tied to metrics such as pre-tax pre-provision return on average assets, return on average tangible common equity and net charge-offs. For 2025, annual cash bonuses were earned at 105.2% of target, and long-term incentives combined restricted stock and performance share units linked to relative total shareholder return.
Stellar Bancorp, Inc. reports on its 2025 operations as a Houston-based bank holding company and discloses a pending merger with Prosperity Bancshares, Inc. Under the agreement, each Stellar share will convert into 0.3803 Prosperity shares plus $11.36 in cash at closing.
As of December 31, 2025, Stellar had total assets of $10.81 billion, loans of $7.30 billion, deposits of $9.02 billion and shareholders’ equity of $1.67 billion. The company operates 52 banking centers across Texas, focuses on small- and medium-sized business clients, and emphasizes strong capital ratios and disciplined underwriting.