secwatch.observer — SEC 8-K summary
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Issuer:     Stellar Bancorp, Inc. (STEL)
CIK:        0001473844
Form:       8-K
Filed at:   2025-04-23T23:59:59+00:00
Accession:  0001473844-25-000028
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473844/000147384425000028/0001473844-25-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473844/000147384425000028/stel-20250423.htm
  HTML page:      https://secwatch.observer/filing/0001473844-25-000028

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