secwatch.observer — SEC 8-K summary
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Issuer:     Stellar Bancorp, Inc. (STEL)
CIK:        0001473844
Form:       8-K/A
Filed at:   2025-03-03T23:59:59+00:00
Accession:  0001473844-25-000016
Event type: earnings
Sentiment:  negative
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stellar Bancorp corrects Q4 earnings: payroll error adds $3.3M to expenses, net income $115M
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- Payroll accrual error increased noninterest expense by $3.3M (salaries/benefits).
- Full-year 2024 net income corrected to $115.0M, down from previously reported.
- Error deemed not material; no quarterly Form 10-Q amendments required.
- Correction reflected in Annual Report on Form 10-K filed March 3, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473844/000147384425000016/0001473844-25-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473844/000147384425000016/stel-20250130.htm
  HTML page:      https://secwatch.observer/filing/0001473844-25-000016

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