secwatch.observer — SEC 8-K summary
======================================

Issuer:     Stellar Bancorp, Inc. (STEL)
CIK:        0001473844
Form:       8-K
Filed at:   2025-01-30T23:59:59+00:00
Accession:  0001473844-25-000008
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stellar Bancorp Q4 net income $27.8M ($0.52 EPS); NIM expands to 4.25%
----------------------------------------------------------------------

- Net income $27.8M ($0.52 diluted EPS) for Q4 2024; full-year net income $117.6M ($2.20 EPS).
- Tax-equivalent net interest margin 4.25%, up 6 bps from Q3; core NIM (ex-PAA) 3.94%.
- Total deposits grew $385.8M to $9.13B; loans decreased $111.3M to $7.44B.
- Nonperforming assets $38.9M (0.36% of assets) vs $35.1M (0.33%) at Q3-end; net charge-offs $2.0M (0.11% annualized).
- Total risk-based capital ratio improved to 16.06% from 14.02% a year ago; tangible book value per share $19.10.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473844/000147384425000008/0001473844-25-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473844/000147384425000008/stel-20250130.htm
  HTML page:      https://secwatch.observer/filing/0001473844-25-000008

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