---
schema_version: "secwatch.filing_event.v1"
accession: "0001473844-23-000004"
form_type: "8-K"
ticker: "STEL"
cik: "0001473844"
company_name: "Stellar Bancorp, Inc."
filed_at: "2023-01-27T23:59:59+00:00"
generated_at: "2026-06-20T07:07:49.019879+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Stellar Bancorp posts Q4 net income $2.1M on $44.8M provision; merger costs $11.5M

## Summary
- Net income $2.1M ($0.04 EPS) vs. $??? prior YoY; FY2022 net income $51.4M ($1.47 EPS).
- Tax-equivalent NIM 4.71% (ex-purchase accounting 4.38%); pre-tax pre-provision income $46.6M.
- Provision for credit losses $44.8M includes $28.2M on non-PCD loans and $5.0M on unfunded commitments.
- Total assets $10.90B, loans $7.75B, deposits $9.27B; nonperforming assets 0.41% of assets.
- Annualized ROA 0.07%, ROE 0.60%, ROTCE 1.18%; merger expenses $11.5M in Q4.

## SEC filing metadata
- accession: 0001473844-23-000004
- form_type: 8-K
- ticker: STEL
- cik: 0001473844
- company_name: Stellar Bancorp, Inc.
- filed_at: 2023-01-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1473844/000147384423000004/0001473844-23-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1473844/000147384423000004/stel-20230127.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001473844-23-000004
- JSON: https://secwatch.observer/filing/0001473844-23-000004.json
- Plain text: https://secwatch.observer/filing/0001473844-23-000004.txt

## Key facts
- Earnings Releases
  Stellar Bancorp, Inc. reported the fourth quarter 2022 results: net income $2.1 million, EPS $0.04 earnings per diluted share.
  - Period: the fourth quarter 2022
  - Net income: $2.1 million
  - EPS: $0.04 earnings per diluted share
  - Result: reported results
  source text: Stellar Bancorp, Inc. (the “Company” or “Stellar”) (NASDAQ: STEL) today reported net income of $2.1 million, or $0.04 earnings per diluted share, for the fourth quarter 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1473844/000147384423000004/0001473844-23-000004-index.htm
- Earnings Releases
  Stellar Bancorp, Inc. reported the year ended December 31, 2022 results: net income $51.4 million, EPS $1.47 earnings per diluted share.
  - Period: the year ended December 31, 2022
  - Net income: $51.4 million
  - EPS: $1.47 earnings per diluted share
  - Result: reported results
  source text: and $51.4 million, or $1.47 earnings per diluted share, for the year ended December 31, 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/1473844/000147384423000004/0001473844-23-000004-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.