secwatch.observer — SEC 8-K summary
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Issuer:     Stellar Bancorp, Inc. (STEL)
CIK:        0001473844
Form:       8-K
Filed at:   2026-01-28T23:59:59+00:00
Accession:  0001104659-26-007183
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473844/000110465926007183/0001104659-26-007183-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473844/000110465926007183/tm264235d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-007183

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer