Stellar Bancorp to be acquired by Prosperity Bancshares in ~$2B stock-and-cash deal

Stellar Bancorp, Inc.

Prosperity to issue 0.3803 shares + $11.36 cash per Stellar share; total consideration ~$2B based on Jan 27 closing.
Stellar has $10.8B assets, $7.3B loans, $9.0B deposits, and 52 Texas banking offices as of Dec 31, 2025.
Transaction expected to close in Q2 2026, subject to Stellar shareholder and regulatory approvals.
Stellar CEO Robert Franklin to join Prosperity Bank as Vice Chairman; President Ramon Vitulli as Houston Area Chairman.
Combination creates second-largest Texas bank by deposits with over 330 branches.

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