secwatch.observer — SEC 8-K summary
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Issuer:     Stellar Bancorp, Inc. (STEL)
CIK:        0001473844
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0001473844-23-000042
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473844/000147384423000042/0001473844-23-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473844/000147384423000042/stel-20230728.htm
  HTML page:      https://secwatch.observer/filing/0001473844-23-000042

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