---
schema_version: "secwatch.filing_event.v1"
accession: "0001473844-23-000042"
form_type: "8-K"
ticker: "STEL"
cik: "0001473844"
company_name: "Stellar Bancorp, Inc."
filed_at: "2023-07-28T23:59:59+00:00"
generated_at: "2026-06-12T22:58:04.291297+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Stellar Bancorp Q2 net income $35.2M ($0.66 EPS), down from Q1 $37.1M ($0.70 EPS)

## Summary
- Net income $35.2M, diluted EPS $0.66 vs $37.1M, $0.70 in Q1 2023.
- Tax-equivalent net interest margin 4.49%, down 31 bps from 4.80%; excluding PAA margin 3.97%.
- Total loans grew $182.7M to $8.07B; deposits up $27.5M to $8.77B; noninterest-bearing deposits 42.4% of total.
- Provision for credit losses $1.9M, net charge-offs $236k (0.01% annualized); nonperforming assets stable at $43.3M.
- Regulatory capital ratios improved: total risk-based capital 13.03% (Dec 2022: 12.39%), Tier 1 leverage 9.51% (8.55%).

## SEC filing metadata
- accession: 0001473844-23-000042
- form_type: 8-K
- ticker: STEL
- cik: 0001473844
- company_name: Stellar Bancorp, Inc.
- filed_at: 2023-07-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1473844/000147384423000042/0001473844-23-000042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1473844/000147384423000042/stel-20230728.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001473844-23-000042
- JSON: https://secwatch.observer/filing/0001473844-23-000042.json
- Plain text: https://secwatch.observer/filing/0001473844-23-000042.txt

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