---
schema_version: "secwatch.filing_event.v1"
accession: "0001473844-24-000013"
form_type: "8-K"
ticker: "STEL"
cik: "0001473844"
company_name: "Stellar Bancorp, Inc."
filed_at: "2024-04-26T23:59:59+00:00"
generated_at: "2026-06-03T06:23:12.634813+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Stellar Bancorp Q1 net income $26.1M ($0.49 EPS), NIM 4.26%, NPLs rise to 0.53% of assets

## Summary
- Net income $26.1M ($0.49 diluted EPS) vs $27.3M ($0.51) in Q4 2023; net interest income $102.1M down 3.6% qoq.
- Tax-equivalent net interest margin 4.26% (ex-PAA 3.91% flat qoq); cost of funds 2.06%.
- Total loans $7.91B (-$17M qoq), total deposits $8.79B (-$78.8M qoq); uninsured deposits 42.8% of total.
- Nonperforming assets $57.1M (0.53% of assets) vs $39.2M (0.37%) at Dec 2023; ACL 1.22% of loans.
- Total risk-based capital ratio improved to 14.62% from 14.02%; Tier 1 leverage 10.41%.

## SEC filing metadata
- accession: 0001473844-24-000013
- form_type: 8-K
- ticker: STEL
- cik: 0001473844
- company_name: Stellar Bancorp, Inc.
- filed_at: 2024-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1473844/000147384424000013/0001473844-24-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1473844/000147384424000013/stel-20240426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001473844-24-000013
- JSON: https://secwatch.observer/filing/0001473844-24-000013.json
- Plain text: https://secwatch.observer/filing/0001473844-24-000013.txt

## Key facts
- Earnings Releases
  Stellar Bancorp, Inc. reported the first quarter of 2024 results: revenue $102.1 million, net income $26.1 million, EPS $0.49.
  - Period: the first quarter of 2024
  - Revenue: $102.1 million
  - Net income: $26.1 million
  - EPS: $0.49
  - Result: reported results
  source text: quarter of 2024 compared to 2.03% for the fourth quarter of 2023. First Quarter 2024 Results Net interest income in the first quarter of 2024 decreased $3.8 million, or 3.6%, to $102.1 million from $105.9 million for the fourth quarter of 2023. The net interest margin on a tax equivalent basis decreased 14 basis points to 4.26% for the first quarter of 2024 from 4.40%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1473844/000147384424000013/0001473844-24-000013-index.htm

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