secwatch.observer — SEC 8-K summary
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Issuer:     Stellar Bancorp, Inc. (STEL)
CIK:        0001473844
Form:       8-K
Filed at:   2025-10-24T23:59:59+00:00
Accession:  0001473844-25-000062
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stellar Bancorp Q3 net income $25.7M ($0.50 EPS); NIM expands to 4.20%, deposits grow $144M
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- Net income $25.7M, diluted EPS $0.50 vs $26.4M ($0.51) in Q2 2025.
- Net interest margin (tax-equivalent) 4.20%, up 2 bps QoQ; excluding PAA, NIM 4.00%.
- Deposits increased $143.8M to $8.82B; loans decreased $119.5M to $7.17B.
- On Oct 1, 2025, redeemed $30M of subordinated debt (half of outstanding $60M).
- Noninterest expense rose to $73.1M (up $3.1M); efficiency ratio 63.69% vs 61.87%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473844/000147384425000062/0001473844-25-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473844/000147384425000062/stel-20251024.htm
  HTML page:      https://secwatch.observer/filing/0001473844-25-000062

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