secwatch.observer — SEC 8-K summary
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Issuer:     Stellar Bancorp, Inc. (STEL)
CIK:        0001473844
Form:       8-K
Filed at:   2026-04-28T23:59:59+00:00
Accession:  0001473844-26-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/0001473844-26-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel-20260428.htm
  HTML page:      https://secwatch.observer/filing/0001473844-26-000023

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