---
schema_version: "secwatch.filing_event.v1"
accession: "0001473844-23-000051"
form_type: "8-K"
ticker: "STEL"
cik: "0001473844"
company_name: "Stellar Bancorp, Inc."
filed_at: "2023-10-27T23:59:59+00:00"
generated_at: "2026-06-09T06:56:15.560720+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Stellar Bancorp Q3 net income $30.9M ($0.58 EPS) down from $35.2M ($0.66) Q2; loan loss provisions rise

## Summary
- Net income $30.9M ($0.58 diluted EPS) vs Q2 $35.2M ($0.66); annualized ROAA 1.14%, ROATE 14.47%.
- Tax equivalent NIM 4.37% (Q2: 4.49%); NIM ex-PAA 3.87% (Q2: 3.97%). Loans $8.00B (-$64.2M QoQ).
- Net charge-offs $8.1M (0.40% annualized) mainly from one C&I loan; provision $2.3M. NPAs 0.36% of assets.
- Deposits $8.69B (-$79.7M); noninterest-bearing deposits 42.1%. Uninsured deposits net of collateral: 44.5%.
- Regulatory capital strengthened: total risk-based ratio 13.42% (Dec 2022: 12.39%), Tier 1 leverage 9.82%.

## SEC filing metadata
- accession: 0001473844-23-000051
- form_type: 8-K
- ticker: STEL
- cik: 0001473844
- company_name: Stellar Bancorp, Inc.
- filed_at: 2023-10-27T23:59:59+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/1473844/000147384423000051/0001473844-23-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1473844/000147384423000051/stel-20231027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001473844-23-000051
- JSON: https://secwatch.observer/filing/0001473844-23-000051.json
- Plain text: https://secwatch.observer/filing/0001473844-23-000051.txt

## Key facts
- Earnings Releases
  Stellar Bancorp, Inc. reported financial results for the third quarter of 2023.
  - Period: the third quarter of 2023
  - Result: reported results
  source text: On October 27, 2023, Stellar Bancorp, Inc. (the “Company”) issued a press release announcing its financial results for the third quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1473844/000147384423000051/0001473844-23-000051-index.htm

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