secwatch.observer — SEC 8-K summary
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Issuer:     Stellar Bancorp, Inc. (STEL)
CIK:        0001473844
Form:       8-K
Filed at:   2024-07-26T23:59:59+00:00
Accession:  0001473844-24-000024
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473844/000147384424000024/0001473844-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473844/000147384424000024/stel-20240726.htm
  HTML page:      https://secwatch.observer/filing/0001473844-24-000024

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer