secwatch.observer — SEC 8-K summary
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Issuer:     Stellar Bancorp, Inc. (STEL)
CIK:        0001473844
Form:       8-K
Filed at:   2022-10-28T23:59:59+00:00
Accession:  0001628280-22-027258
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473844/000162828022027258/0001628280-22-027258-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473844/000162828022027258/stel-20221028.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-027258

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