Stellar Bancorp Q1 net income $27.0M, EPS $0.53; loan growth 16% annualized; merger with Prosperity on track

Stellar Bancorp, Inc.

2026-Q1 EPS reported $0.53 revenue$1,635,000

Net income $27.0M ($0.53 diluted EPS) vs Q4 $26.1M ($0.51); adjusted EPS $0.58 excluding merger costs.
Loans held for investment rose $287.4M (3.94% linked-quarter, 16.0% annualized) to $7.59B.
Net interest margin (tax-equivalent) expanded to 4.24% from 4.21%; net interest income up 2.5% to $105.9M.
Merger with Prosperity: all regulatory approvals received; shareholder vote May 27, 2026; closing expected July 1.
Nonperforming assets increased to $70.1M (0.64% of total assets) from $60.0M; provision for credit losses $2.5M.

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