Stellar Bancorp authorizes $65M share repurchase; bank joins Federal Reserve System

Stellar Bancorp, Inc.

Board authorized new $65M share repurchase program through May 31, 2026, replacing prior $60M program.
Under prior program, company repurchased over 2.1M shares at weighted avg prices from $25.83 to $27.99 in 2024-2025.
Stellar Bank became a Federal Reserve System member effective April 14, 2025; primary federal regulator is now Fed, Texas Dept of Banking as state regulator.
Repurchases to be made at company's discretion via open market, block trades, etc., subject to market conditions.

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