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

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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
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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
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Stellar Bancorp, Inc. Declares Quarterly Dividend
Stellar Bancorp, Inc. (the "Company") (NYSE:STEL) today announced that on August 22, 2024, its Board of Directors declared a quarterly cash dividend in the amount of $0.13 per share of common stock. The dividend will be payable on September 30, 2024 to the Company's shareholders of record as of the close of business on September 13, 2024. 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, Dallas, Beaumont and surrounding co
8/22/24 5:00:00 PM ET
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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
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Major Banks
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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
Major Banks
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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
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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
$STEL

$STEL
Financials

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Stellar Bancorp, Inc. Reports Third Quarter 2024 Results

Stellar Bancorp, Inc. Announces Third Quarter 2024 Earnings Release and Conference Call Date

Stellar Bancorp, Inc. Declares Quarterly Dividend

$STEL
Press Releases

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Stellar Bancorp, Inc. Announces Redemption of Subordinated Notes

Stellar Bancorp, Inc. Reports Third Quarter 2024 Results

Stellar Bancorp, Inc. Announces Third Quarter 2024 Earnings Release and Conference Call Date

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Stellar Bancorp upgraded by Piper Sandler with a new price target

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SEC Filings

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.

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

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Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Chief Executive Officer Franklin Robert R Jr covered exercise/tax liability with 1,077 shares, decreasing direct ownership by 0.26% to 413,978 units (SEC Form 4)

Senior Executive VP, CRO Akin Okan I. covered exercise/tax liability with 1,463 shares, decreasing direct ownership by 2% to 80,200 units (SEC Form 4)

Senior Executive VP, CFO Egge Paul P covered exercise/tax liability with 1,513 shares, decreasing direct ownership by 3% to 58,642 units (SEC Form 4)

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Market Insights

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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