Stellar Bancorp (pre-merger CBTX) Q3 net income $12.7M, EPS $0.52; Allegiance $14.3M, $0.71

Stellar Bancorp, Inc.

2022-Q3 EPS reported $1.43

CBTX standalone: net income $12.7M, diluted EPS $0.52 vs $0.59 a year ago.
Allegiance standalone: net income $14.3M, diluted EPS $0.71 vs $0.93 a year ago.
CBTX loan growth 12.3% ann. to $3.13B; Allegiance loans +22.4% ann. to $4.59B.
Merger of CBTX and Allegiance effective Oct 1, 2022; combined company renamed Stellar Bancorp.
CBTX tax-equivalent NIM up 76 bps to 4.25%; Allegiance NIM up 32 bps to 3.85%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Stellar Bancorp, Inc. reported the third quarter 2022 results: net income $12.7 million, EPS $0.52 per diluted share.

Period: the third quarter 2022
Net income: $12.7 million
EPS: $0.52 per diluted share
Result: reported results

Exact text from the filing

Stellar Bancorp, Inc. (Stellar), formerly known as CBTX, reported net income of $12.7 million and diluted earnings per share of $0.52 for the third quarter 2022

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Stellar Bancorp, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-22-027258

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