Stellar Bancorp Q3 net income $33.9M ($0.63 EPS), up from $29.8M; to redeem $40M sub notes

Stellar Bancorp, Inc.

2024-Q3 EPS reported $1.68 revenue$4,840,000

Net income $33.9M ($0.63 diluted EPS) vs $29.8M ($0.56) in Q2 2024; annualized ROAA 1.27%.
Net interest margin (tax-equivalent) 4.19% vs 4.24%; excluding PAA, NIM 3.91% vs 3.82%.
Nonperforming loans down $18.8M to $32.1M; ACL-to-NPL ratio 262.92% vs 186.17%.
Loans fell $162.8M to $7.55B; deposits up $17.3M to $8.74B; repurchased 108,984 shares at $26.10.
To redeem all $40M of 2027 sub notes at par plus accrued interest.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.