NYSE : STEL
Stellar Bancorp, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 39.32 USD (At close: Jun 30, 2026) · Market cap 2.00B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 484.02M | 484.88M | 531.68M | 537.72M | 280.38M | 230.71M |
| Interest Income on Investments | 93.22M | 89.59M | 70.72M | 53.09M | 42.62M | 22.47M |
| Total Interest Income | 577.25M | 574.47M | 602.40M | 590.82M | 322.99M | 253.18M |
| Interest Paid on Deposits | 163.97M | 166.81M | 181.99M | 128.62M | 26.96M | 16.99M |
| Interest Paid on Borrowings | 4.98M | 6.04M | 12.42M | 25.44M | 7.07M | 7.63M |
| Total Interest Expense | 168.95M | 172.85M | 194.41M | 154.06M | 34.04M | 24.62M |
| Net Interest Income | 408.29M | 401.62M | 407.99M | 436.76M | 288.96M | 228.56M |
| Gain (Loss) on Sale of Assets | -756.00K | -302.00K | 769.00K | 390.00K | 4.05M | -272.00K |
| Other Non-Interest Income | 15.82M | 15.81M | 15.85M | 18.11M | 12.61M | 7.16M |
| Total Non-Interest Income | 21.39M | 21.79M | 23.05M | 24.56M | 20.35M | 8.56M |
| Revenues Before Loan Losses | 429.69M | 423.41M | 431.04M | 461.32M | 309.31M | 237.13M |
| Provision for Loan Losses | 9.02M | 10.16M | -2.88M | 8.94M | 50.71M | -2.32M |
| Revenue | 420.67M | 413.25M | 433.92M | 452.38M | 258.60M | 239.45M |
| Salaries and Employee Benefits | 161.81M | 159.66M | 154.59M | 147.09M | 98.51M | 86.02M |
| Occupancy Expenses | 19.35M | 18.67M | 18.22M | 17.16M | 10.27M | 9.96M |
| Federal Deposit Insurance | 6.09M | 6.19M | 7.57M | 11.03M | 4.91M | 3.41M |
| Amortization of Goodwill & Intangibles | 20.92M | 21.58M | 24.22M | 26.88M | 9.30M | 3.30M |
| Selling, General & Administrative | 52.89M | 53.54M | 56.84M | 51.20M | 33.24M | 22.57M |
| Other Non-Interest Expense | 26.10M | 25.84M | 27.52M | 21.57M | 15.70M | 12.28M |
| Total Non-Interest Expense | 287.16M | 285.47M | 288.96M | 274.94M | 171.94M | 137.54M |
| EBT Excluding Unusual Items | 133.50M | 127.78M | 144.96M | 177.44M | 86.66M | 101.91M |
| Pretax Income | 130.20M | 127.78M | 144.96M | 161.88M | 62.52M | 99.89M |
| Income Tax Expense | 25.06M | 24.91M | 29.96M | 31.39M | 11.09M | 18.34M |
| Net Income | 105.14M | 102.87M | 115.00M | 130.50M | 51.43M | 81.55M |
| Net Income to Common | 105.14M | 102.87M | 115.00M | 130.50M | 51.43M | 81.55M |
| Basic Shares Outstanding | 51.18M | 51.76M | 53.47M | 53.23M | 34.74M | 28.66M |
| Diluted Shares Outstanding | 51.24M | 51.81M | 53.51M | 53.31M | 35.01M | 28.87M |
| EPS (Basic) | 2.05 | 1.99 | 2.15 | 2.45 | 1.48 | 2.85 |
| EPS (Diluted) | 2.05 | 1.99 | 2.15 | 2.45 | 1.47 | 2.82 |
| Dividend Per Share | 0.58 | 0.57 | 0.53 | 0.52 | 0.43 | 0.48 |
| Effective Tax Rate | 19.25% | 19.49% | 20.67% | 19.39% | 17.74% | 18.36% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 549.57M | 419.45M | 911.22M | 399.24M | 371.70M | 757.51M |
| Investment Securities | 384.84M | 693.41M | 491.28M | 609.69M | 1.08B | 1.03B |
| Trading Asset Securities | 4.12M | 4.26M | 6.29M | 6.71M | 9.27M | |
| Mortgage-Backed Securities | 1.48B | 1.51B | 1.18B | 785.99M | 722.93M | 743.65M |
| Total Investments | 1.87B | 2.20B | 1.68B | 1.40B | 1.82B | 1.77B |
| Gross Loans | 7.59B | 7.30B | 7.44B | 7.93B | 7.75B | 4.22B |
| Allowance for Loan Losses | -85.43M | -83.63M | -81.06M | -91.68M | -93.18M | -47.94M |
| Net Loans | 7.50B | 7.22B | 7.36B | 7.83B | 7.66B | 4.17B |
| Property, Plant & Equipment | 99.86M | 106.12M | 111.86M | 118.68M | 126.80M | 63.71M |
| Goodwill | 497.32M | 497.32M | 497.32M | 497.32M | 497.26M | 223.64M |
| Other Intangible Assets | 66.14M | 71.02M | 92.55M | 116.71M | 143.53M | 14.66M |
| Accrued Interest Receivable | 36.59M | 35.87M | 37.88M | 44.24M | 44.74M | 33.39M |
| Long-Term Deferred Tax Assets | 39.11M | 51.15M | 52.52M | 69.50M | 2.55M | |
| Other Real Estate Owned & Foreclosed | 9.45M | 7.49M | 1.73M | |||
| Other Long-Term Assets | 207.97M | 165.01M | 155.78M | 157.54M | 153.42M | 53.83M |
| Total Assets | 10.89B | 10.81B | 10.91B | 10.65B | 10.90B | 7.10B |
| Interest Bearing Deposits | 5.14B | 5.61B | 4.95B | 4.78B | 4.60B | 3.10B |
| Institutional Deposits | 629.76M | 638.00K | 605.60M | 548.40M | 432.90M | 707.50M |
| Non-Interest Bearing Deposits | 3.21B | 3.41B | 3.58B | 3.55B | 4.23B | 2.24B |
| Total Deposits | 8.98B | 9.02B | 9.13B | 8.87B | 9.27B | 6.05B |
| Short-Term Borrowings | 139.11M | 4.25M | 6.28M | 6.69M | 9.26M | |
| Current Portion of Leases | 3.13M | 4.09M | 4.14M | 4.43M | 4.63M | 2.95M |
| Accrued Interest Payable | 5.24M | 5.51M | 17.05M | 11.29M | 2.10M | 1.75M |
| Long-Term Debt | 28.91M | 28.89M | 70.11M | 109.77M | 109.37M | 108.85M |
| Federal Home Loan Bank Debt, Long-Term | 50.00M | 63.92M | 89.96M | |||
| Long-Term Leases | 12.38M | 12.21M | 14.13M | 16.23M | 18.50M | 7.42M |
| Trust Preferred Securities | 11.34M | 11.34M | ||||
| Other Long-Term Liabilities | 39.46M | 50.18M | 57.84M | 54.25M | 41.84M | 29.92M |
| Total Liabilities | 9.22B | 9.14B | 9.30B | 9.13B | 9.52B | 6.29B |
| Common Stock | 509.00K | 509.00K | 534.00K | 533.00K | 530.00K | 289.00K |
| Additional Paid-In Capital | 1.17B | 1.17B | 1.24B | 1.23B | 1.22B | 530.85M |
| Retained Earnings | 585.40M | 566.22M | 492.64M | 405.94M | 303.15M | 267.09M |
| Comprehensive Income & Other | -89.01M | -72.97M | -125.36M | -118.09M | -143.26M | 18.24M |
| Shareholders' Equity | 1.67B | 1.67B | 1.61B | 1.52B | 1.38B | 816.47M |
| Total Liabilities & Equity | 10.89B | 10.81B | 10.91B | 10.65B | 10.90B | 7.10B |
| Total Debt | 194.88M | 60.79M | 94.66M | 187.12M | 205.69M | 209.17M |
| Net Cash (Debt) | 358.81M | 362.93M | 822.85M | 218.83M | 175.28M | 548.34M |
| Net Cash Per Share | 7.00 | 7.01 | 15.38 | 4.10 | 5.01 | 18.99 |
| Filing Date Shares Outstanding | 50.92M | 50.77M | 52.95M | 53.30M | 52.97M | 20.37M |
| Total Common Shares Outstanding | 50.91M | 50.90M | 53.43M | 53.29M | 52.95M | 20.34M |
| Book Value Per Share | 32.76 | 32.78 | 30.09 | 28.54 | 26.12 | 40.15 |
| Tangible Book Value | 1.10B | 1.10B | 1.02B | 906.99M | 742.39M | 578.17M |
| Tangible Book Value Per Share | 21.69 | 21.62 | 19.05 | 17.02 | 14.02 | 28.43 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 105.14M | 102.87M | 115.00M | 130.50M | 51.43M | 81.55M |
| Depreciation & Amortization | 28.95M | 29.64M | 32.03M | 34.47M | 14.25M | 7.55M |
| Gain (Loss) on Sale of Assets | 756.00K | 302.00K | -769.00K | -390.00K | -4.05M | 272.00K |
| Gain (Loss) on Sale of Investments | -4.53M | -3.06M | 5.77M | 6.58M | 5.73M | 7.76M |
| Total Asset Writedown | 952.00K | 1.32M | ||||
| Provision for Credit Losses | 9.02M | 10.16M | -2.88M | 8.94M | 50.71M | -2.32M |
| Accrued Interest Receivable | -2.39M | -6.39M | -3.62M | -2.32M | 2.62M | -1.32M |
| Change in Other Net Operating Assets | 3.75M | 3.47M | 3.82M | 4.20M | 2.82M | 2.86M |
| Other Operating Activities | -5.29M | -5.32M | -87.00K | 6.85M | 665.00K | 2.16M |
| Operating Cash Flow | 119.19M | 97.00M | 132.62M | 168.22M | 109.07M | 107.38M |
| Capital Expenditures | -3.90M | -4.40M | -4.66M | -6.86M | -3.81M | -2.93M |
| Sale of Property, Plant and Equipment | 6.56M | 9.07M | 7.66M | 8.98M | 2.32M | 1.74M |
| Cash Acquisitions | 370.45M | |||||
| Investment in Securities | -123.86M | -456.01M | -292.33M | 436.61M | 271.56M | -1.03B |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -318.40M | 139.75M | 517.61M | -134.71M | -561.20M | 277.44M |
| Other Investing Activities | -24.17M | -36.63M | 17.81M | -8.77M | -5.56M | -1.53M |
| Investing Cash Flow | -463.77M | -348.22M | 246.09M | 295.25M | 73.76M | -754.82M |
| Total Debt Issued | 15.00M | |||||
| Long-Term Debt Repaid | -30.00M | -90.00M | -14.00M | -26.00M | -65.57M | |
| Net Debt Issued (Repaid) | -15.00M | -30.00M | -90.00M | -14.00M | -26.00M | -65.57M |
| Issuance of Common Stock | 77.00K | 3.81M | ||||
| Repurchase of Common Stock | -38.92M | -73.35M | -2.84M | -23.61M | -5.66M | |
| Common Dividends Paid | -29.80M | -29.30M | -28.31M | -27.70M | -15.38M | -9.70M |
| Total Dividends Paid | -29.80M | -29.30M | -28.31M | -27.70M | -15.38M | -9.70M |
| Net Increase (Decrease) in Deposit Accounts | 419.30M | -106.92M | 254.92M | -394.17M | -503.72M | 1.06B |
| Other Financing Activities | -1.99M | -980.00K | -498.00K | -76.00K | ||
| Financing Cash Flow | 333.58M | -240.55M | 133.27M | -435.94M | -568.63M | 982.19M |
| Net Cash Flow | -11.01M | -491.76M | 511.98M | 27.53M | -385.80M | 334.74M |
| Free Cash Flow | 115.30M | 92.61M | 127.96M | 161.36M | 105.25M | 104.45M |
| Free Cash Flow Margin | 27.41% | 22.41% | 29.49% | 35.67% | 40.70% | 43.62% |
| Free Cash Flow Per Share | 2.25 | 1.79 | 2.39 | 3.03 | 3.01 | 3.62 |
| Cash Interest Paid | 173.57M | 184.39M | 188.64M | 144.87M | 33.69M | 25.57M |
| Cash Income Tax Paid | 18.50M | 18.50M | 27.40M | 13.49M | 15.05M | 19.25M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.00B | 1.58B | 1.51B | 1.48B | 1.56B | 587.27M |
| Last Close Price | 39.32 | 30.69 | 27.58 | 26.52 | 27.48 | 26.58 |
| PE Ratio | 19.14 | 15.39 | 13.16 | 11.36 | 30.26 | 7.20 |
| PS Ratio | 4.76 | 3.83 | 3.49 | 3.28 | 6.02 | 2.45 |
| PB Ratio | 1.20 | 0.95 | 0.94 | 0.97 | 1.12 | 0.72 |
| P/FCF Ratio | 17.37 | 17.10 | 11.83 | 9.19 | 14.79 | 5.62 |
| P/OCF Ratio | 16.80 | 16.33 | 11.42 | 8.81 | 14.27 | 5.47 |
| Debt / Equity Ratio | 0.12 | 0.04 | 0.06 | 0.12 | 0.15 | 0.26 |
| Debt / FCF Ratio | 1.69 | 0.66 | 0.74 | 1.16 | 1.95 | 2.00 |
| Net Debt / Equity Ratio | -0.21 | -0.22 | -0.51 | -0.14 | -0.13 | -0.67 |
| Net Debt / FCF Ratio | -3.11 | -3.92 | -6.43 | -1.36 | -1.67 | -5.25 |
| Return on Equity (ROE) | 6.41% | 6.28% | 7.35% | 8.99% | 4.68% | 10.36% |
| Return on Assets (ROA) | 0.99% | 0.95% | 1.07% | 1.21% | 0.57% | 1.24% |
| Earnings Yield | 5.25% | 6.50% | 7.60% | 8.80% | 3.30% | 13.89% |
| FCF Yield | 5.76% | 5.85% | 8.45% | 10.88% | 6.76% | 17.79% |
| Dividend Yield | 1.53% | 1.83% | 1.87% | 1.87% | 1.46% | 1.66% |
| Payout Ratio | 28.72% | 28.48% | 24.62% | 21.22% | 29.90% | 11.89% |
| Buyback Yield / Dilution | 4.14% | 3.18% | -0.37% | -52.29% | -21.25% | 0.93% |
| Total Shareholder Return | 5.67% | 5.01% | 1.50% | -50.42% | -19.79% | 2.59% |