secwatch.observer — SEC 8-K summary
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Issuer:     Stellar Bancorp, Inc. (STEL)
CIK:        0001473844
Form:       8-K
Filed at:   2025-07-25T23:59:59+00:00
Accession:  0001473844-25-000047
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stellar Bancorp Q2 net income $26.4M ($0.51 EPS); net interest margin 4.18%, nonperforming assets down
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- Net income $26.4M ($0.51 diluted EPS) vs Q1 $24.7M ($0.46); annualized ROAA 1.01%, ROTCE 12.16%.
- Net interest margin (tax-equivalent) 4.18%; NII $98.3M, down 0.9% QoQ with $5.3M purchase accounting accretion.
- Total deposits up $110.9M QoQ to $8.67B; loans up $4.2M to $7.29B; core deposit growth funded asset increase.
- Nonperforming assets $58.2M (0.55% of assets) vs $59.7M (0.57%); net charge-offs $206K or 0.01% annualized.
- Repurchased 791K shares at weighted avg $26.08; book value per share $31.20, tangible book $19.94.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473844/000147384425000047/0001473844-25-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473844/000147384425000047/stel-20250725.htm
  HTML page:      https://secwatch.observer/filing/0001473844-25-000047

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