---
schema_version: "secwatch.filing_event.v1"
accession: "0001473844-24-000024"
form_type: "8-K"
ticker: "STEL"
cik: "0001473844"
company_name: "Stellar Bancorp, Inc."
filed_at: "2024-07-26T23:59:59+00:00"
generated_at: "2026-05-31T15:57:14.130889+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Stellar Bancorp Q2 net income $29.8M, EPS $0.56, up 14% QoQ; capital ratios improve

## Summary
- Net income $29.8M ($0.56 diluted EPS) vs Q1 $26.1M ($0.49); annualized ROA 1.13%.
- Net interest margin (tax-equivalent) 4.24%, down 2bp QoQ; excluding purchase accounting 3.82%.
- Total risk-based capital ratio rose to 15.34% from 14.62%; Tier 1 leverage 10.93%.
- Loans down $194M to $7.71B; deposits down $69M to $8.73B as deposit mix shifts.
- Credit stable: net charge-offs $1K in Q2 vs $714K in Q1; NPA ratio 0.50%.

## SEC filing metadata
- accession: 0001473844-24-000024
- form_type: 8-K
- ticker: STEL
- cik: 0001473844
- company_name: Stellar Bancorp, Inc.
- filed_at: 2024-07-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1473844/000147384424000024/0001473844-24-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1473844/000147384424000024/stel-20240726.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001473844-24-000024
- JSON: https://secwatch.observer/filing/0001473844-24-000024.json
- Plain text: https://secwatch.observer/filing/0001473844-24-000024.txt

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