Stellar Bancorp Q1 2024 GAAP EPS $0.49 Beats $0.48 Estimate, Sales $108.414M Beat $107.136M Estimate

4/26/24 7:07:36 AM ET

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Stellar Bancorp (NYSE:STEL) reported quarterly earnings of $0.49 per share which beat the analyst consensus estimate of $0.48 by 2.08 percent. This is a 30 percent decrease over earnings of $0.70 per share from the same period last year. The company reported quarterly sales of $108.414 million which beat the analyst consensus estimate of $107.136 million by 1.19 percent. This is a 12.09 percent decrease over sales of $123.325 million the same period last year.

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Recent Analyst Ratings for
$STEL

Date	Price Target	Rating	Analyst
1/30/2023	$36.00 → $34.00	Neutral → Overweight	Piper Sandler

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Stellar Bancorp, Inc. Announces Increase in Quarterly Dividend
Stellar Bancorp, Inc. (the "Company") (NYSE:STEL) announced today that its Board of Directors declared a quarterly cash dividend of $0.14 per share of common stock payable on December 31, 2024, to the shareholders of record at the close of business on December 13, 2024. This is an increase of $0.01 per share from the previous quarterly dividend of $0.13 per common share. About Stellar Bancorp, Inc. Stellar Bancorp, Inc. is a bank holding company headquartered in Houston, Texas. The Company's principal banking subsidiary, Stellar Bank, provides a diversified range of commercial banking services primarily to small- to medium-sized businesses and individual customers across the Houston, Da
11/21/24 5:00:00 PM ET
$STEL
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Stellar Bancorp, Inc. Reports Third Quarter 2024 Results
Stellar Bancorp, Inc. (the "Company" or "Stellar") (NYSE:STEL) today reported net income of $33.9 million, or diluted earnings per share of $0.63, for the third quarter of 2024 compared to net income of $29.8 million, or diluted earnings per share of $0.56, for the second quarter of 2024. "We are pleased to announce our third quarter 2024 financial results that reflect our work as we mark the second anniversary of our transformational merger completed on October 1, 2022," said Robert R. Franklin, Jr., Stellar's Chief Executive Officer. "Since the merger, we have focused on building the foundation of Stellar Bank. Those efforts include constructing the scalable infrastructure to support an
10/25/24 7:00:00 AM ET
$STEL
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Stellar Bancorp, Inc. Announces Third Quarter 2024 Earnings Release and Conference Call Date
Stellar Bancorp, Inc. (the "Company") (NYSE:STEL) will hold a conference call to discuss its third quarter 2024 results on Friday, October 25, 2024, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). The related earnings release will be issued prior to the market opening on October 25, 2024, and will also be available on the Investor Relations section of the Company's website at https://ir.stellar.bank/events-and-presentations. Conference Call and Live Webcast Participants may register for the conference call at https://registrations.events/direct/Q4I635867 conference ID 63586 to receive the dial-in numbers and unique PIN to access the call. If you need assistance in obtaining a dial-in
10/4/24 7:00:00 AM ET
$STEL
Major Banks
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Stellar Bancorp, Inc. Announces Increase in Quarterly Dividend
Stellar Bancorp, Inc. (the "Company") (NYSE:STEL) announced today that its Board of Directors declared a quarterly cash dividend of $0.14 per share of common stock payable on December 31, 2024, to the shareholders of record at the close of business on December 13, 2024. This is an increase of $0.01 per share from the previous quarterly dividend of $0.13 per common share. About Stellar Bancorp, Inc. Stellar Bancorp, Inc. is a bank holding company headquartered in Houston, Texas. The Company's principal banking subsidiary, Stellar Bank, provides a diversified range of commercial banking services primarily to small- to medium-sized businesses and individual customers across the Houston, Da
11/21/24 5:00:00 PM ET
$STEL
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Stellar Bancorp, Inc. Announces Redemption of Subordinated Notes
Stellar Bancorp, Inc. (the "Company") (NYSE:STEL) today announced the intention of Stellar Bank, its wholly-owned subsidiary ("the Bank"), to redeem all of the Bank's $40.0 million aggregate principal amount of Fixed-to-Floating Rate Subordinated Notes due December 15, 2027 ("the Notes"). The redemption price for the Notes will be equal to 100% of principal amount of the Notes redeemed, plus any accrued and unpaid interest to, but excluding, the redemption date. In accordance with the Notes, the holders of the Notes will receive notice of the redemption, the redemption price and further instructions and details related to the process of such redemption. About Stellar Bancorp, Inc. Stella
10/25/24 7:10:00 AM ET
$STEL
Major Banks
Finance
Stellar Bancorp, Inc. Reports Third Quarter 2024 Results
Stellar Bancorp, Inc. (the "Company" or "Stellar") (NYSE:STEL) today reported net income of $33.9 million, or diluted earnings per share of $0.63, for the third quarter of 2024 compared to net income of $29.8 million, or diluted earnings per share of $0.56, for the second quarter of 2024. "We are pleased to announce our third quarter 2024 financial results that reflect our work as we mark the second anniversary of our transformational merger completed on October 1, 2022," said Robert R. Franklin, Jr., Stellar's Chief Executive Officer. "Since the merger, we have focused on building the foundation of Stellar Bank. Those efforts include constructing the scalable infrastructure to support an
10/25/24 7:00:00 AM ET
$STEL
Major Banks
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Stellar Bancorp Q1 2024 GAAP EPS $0.49 Beats $0.48 Estimate, Sales $108.414M Beat $107.136M Estimate

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Recent Analyst Ratings for
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Stellar Bancorp upgraded by Piper Sandler with a new price target

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Stellar Bancorp Inc. filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

Amendment: Stellar Bancorp Inc. filed SEC Form 8-K: Financial Statements and Exhibits, Results of Operations and Financial Condition, Regulation FD Disclosure

SEC Form 10-Q filed by Stellar Bancorp Inc.

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Stellar Bancorp Plans Repurchase Of Up To $60M Of Common Stock Through May 31, 2025

Keefe, Bruyette & Woods Maintains Market Perform on Stellar Bancorp, Lowers Price Target to $26