---
schema_version: "secwatch.filing_event.v1"
accession: "0001473844-24-000032"
form_type: "8-K"
ticker: "STEL"
cik: "0001473844"
company_name: "Stellar Bancorp, Inc."
filed_at: "2024-10-25T23:59:59+00:00"
generated_at: "2026-05-30T10:01:33.549457+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001473844-24-000032
- form_type: 8-K
- ticker: STEL
- cik: 0001473844
- company_name: Stellar Bancorp, Inc.
- filed_at: 2024-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1473844/000147384424000032/0001473844-24-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1473844/000147384424000032/stel-20241025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001473844-24-000032
- JSON: https://secwatch.observer/filing/0001473844-24-000032.json
- Plain text: https://secwatch.observer/filing/0001473844-24-000032.txt

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