---
schema_version: "secwatch.filing_event.v1"
accession: "0001473844-25-000030"
form_type: "8-K"
ticker: "STEL"
cik: "0001473844"
company_name: "Stellar Bancorp, Inc."
filed_at: "2025-04-25T23:59:59+00:00"
generated_at: "2026-05-23T05:48:32.286007+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Stellar Bancorp Q1 2025 net income $24.7M ($0.46 EPS); NIM 4.20%

## Summary
- Net income $24.7M, down from $25.2M in Q4; diluted EPS $0.46 vs $0.47.
- Net interest margin 4.20% (tax-equivalent) vs 4.25% Q4; ex-PAA 3.97% vs 3.94%.
- Nonperforming assets rose to $59.7M (0.57% of assets) from $38.9M (0.36%).
- Provision for credit losses $3.6M, up from $942K; allowance ratio 1.15% vs 1.09%.
- Repurchased 1.4M shares in Q1; new $65M buyback program authorized through May 2026.

## SEC filing metadata
- accession: 0001473844-25-000030
- form_type: 8-K
- ticker: STEL
- cik: 0001473844
- company_name: Stellar Bancorp, Inc.
- filed_at: 2025-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1473844/000147384425000030/0001473844-25-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1473844/000147384425000030/stel-20250425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001473844-25-000030
- JSON: https://secwatch.observer/filing/0001473844-25-000030.json
- Plain text: https://secwatch.observer/filing/0001473844-25-000030.txt

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