Highest-materiality recent filing
Stellar discloses three lawsuits and supplemental proxy disclosures for PB merger
Three shareholder lawsuits filed in NY Supreme Court challenging merger disclosure adequacy.
Net income $27.0M ($0.53 diluted EPS) vs Q4 $26.1M ($0.51); adjusted EPS $0.58 excluding merger costs.
Stellar and Prosperity receive all regulatory approvals for merger; vote May 27, close July 1
All regulatory approvals received from Federal Reserve Bank of Dallas, FDIC, and Texas Department of Banking.
Stellar Bancorp to be acquired by Prosperity Bancshares in stock-and-cash deal
Stellar stockholders to receive 0.3803 Prosperity shares and $11.36 cash per share.
Stellar Bancorp to be acquired by Prosperity Bancshares in ~$2B stock-and-cash deal
Prosperity to issue 0.3803 shares + $11.36 cash per Stellar share; total consideration ~$2B based on Jan 27 closing.
Stellar Bancorp enters merger with Prosperity; Q4 EPS $0.51, NIM expands
Merger agreement with Prosperity Bancshares, Inc. announced; conference call canceled, deal terms undisclosed.
Stellar Bancorp Q3 net income $25.7M ($0.50 EPS); NIM expands to 4.20%, deposits grow $144M
Net income $25.7M, diluted EPS $0.50 vs $26.4M ($0.51) in Q2 2025.
Net income $26.4M ($0.51 diluted EPS) vs Q1 $24.7M ($0.46); annualized ROAA 1.01%, ROTCE 12.16%.
On June 12, 2025, William E. Wilson, Jr., a member of the Board of Directors of Stellar Bancorp, Inc. (the “Company”), notified the Company of his intention to resign from the Board of Directors of the Company, effective the same day.
Max materiality 0.90 · Median 0.55 · Most common event m_and_a