secwatch.observer — SEC 8-K summary
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Issuer:     Stellar Bancorp, Inc. (STEL)
CIK:        0001473844
Form:       8-K
Filed at:   2025-04-25T23:59:59+00:00
Accession:  0001473844-25-000030
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473844/000147384425000030/0001473844-25-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473844/000147384425000030/stel-20250425.htm
  HTML page:      https://secwatch.observer/filing/0001473844-25-000030

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