<span item_type="fundamental" item_id="a5fd855c16da4d169ed2deeccfc34496" counter_id="ST/US/STEL" env="prod"></span><span item_type="announcement" item_id="642575066048306433" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 150.21 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD 0.53, beating the estimate of USD 0.5.</p><p>EBIT: As of FY2026 Q1, the actual value is USD -70.05 M.</p><p></p><h3>Operational Metrics</h3><h4>Net Income</h4><ul><li>Stellar Bancorp, Inc. reported net income of $27.0 million for the first quarter of 2026, an increase from $26.1 million in the fourth quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel2026q1earningsreleasee.htm"></span></li><li>Adjusted net income for the first quarter of 2026 was $29.6 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel2026q1earningsreleasee.htm"></span></li></ul><h4>Net Interest Income</h4><ul><li>Net interest income increased by $2.5 million, or 2.5%, to $105.9 million for the first quarter of 2026, compared to $103.4 million for the fourth quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel2026q1earningsreleasee.htm"></span></li></ul><h4>Noninterest Income</h4><ul><li>Noninterest income was $5.1 million for the first quarter of 2026, a decrease of $398 thousand, or 7.2%, from $5.5 million in the fourth quarter of 2025, primarily due to a death benefit on bank-owned life insurance received in Q4 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel2026q1earningsreleasee.htm"></span></li></ul><h4>Noninterest Expense</h4><ul><li>Noninterest expense increased by $3.0 million, or 4.2%, to $75.2 million in the first quarter of 2026, up from $72.2 million in the fourth quarter of 2025, mainly due to $3.3 million in acquisition and merger-related expenses.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel2026q1earningsreleasee.htm"></span></li></ul><h4>Pre-tax, Pre-provision Income</h4><ul><li>Pre-tax, pre-provision income stood at $35,877 thousand for Q1 2026, down from $36,733 thousand for Q4 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel2026q1earningsreleasee.htm"></span></li><li>Adjusted pre-tax, pre-provision income was $39,184 thousand for Q1 2026, compared to $36,733 thousand for Q4 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel2026q1earningsreleasee.htm"></span></li></ul><h4>Provision for Credit Losses</h4><ul><li>The provision for credit losses was $2.5 million for the first quarter of 2026, a decrease from $5.1 million for the fourth quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel2026q1earningsreleasee.htm"></span></li></ul><h4>Net Charge-offs</h4><ul><li>Net charge-offs for the first quarter of 2026 were $1.4 million, or 0.07% (annualized) of average loans, compared to $71 thousand for the fourth quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel2026q1earningsreleasee.htm"></span></li></ul><h3>Other Key Financial Indicators</h3><h4>Net Interest Margin</h4><ul><li>The tax equivalent net interest margin was 4.24% for the first quarter of 2026, up from 4.21% for the fourth quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel2026q1earningsreleasee.htm"></span></li><li>The tax equivalent net interest margin (excluding Purchase Accounting Adjustments (PAA)) was 4.10% for the first quarter of 2026, compared to 4.06% for the fourth quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel2026q1earningsreleasee.htm"></span></li></ul><h4>Efficiency Ratio</h4><ul><li>The efficiency ratio was 63.27% for the first quarter of 2026, compared to 61.64% for the fourth quarter of 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel2026q1earningsreleasee.htm"></span></li><li>The adjusted efficiency ratio (excluding acquisition and merger-related expenses) for the first quarter of 2026 was 60.29%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel2026q1earningsreleasee.htm"></span></li></ul><h4>Loan Portfolio</h4><ul><li>Loans held for investment increased by $287.4 million during the first quarter, representing a linked-quarter growth of 3.94%, or 16.0% annualized, reaching $7.59 billion at March 31, 2026, compared to $7.30 billion at December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel2026q1earningsreleasee.htm"></span></li></ul><h4>Total Assets</h4><ul><li>Total assets were $10.89 billion at March 31, 2026, an increase of $82.8 million compared to $10.81 billion at December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel2026q1earningsreleasee.htm"></span></li></ul><h4>Total Deposits</h4><ul><li>Total deposits decreased by $39.5 million to $8.98 billion at March 31, 2026, from $9.02 billion at December 31, 2025, primarily due to a decrease in noninterest-bearing deposits.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel2026q1earningsreleasee.htm"></span></li></ul><h4>Nonperforming Assets</h4><ul><li>Nonperforming assets totaled $70.1 million, or 0.64% of total assets, at March 31, 2026, up from $60.0 million, or 0.56% of total assets, at December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel2026q1earningsreleasee.htm"></span></li></ul><h4>Allowance for Credit Losses on Loans</h4><ul><li>As a percentage of total loans, the allowance for credit losses was 1.13% at March 31, 2026, down from 1.15% at December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel2026q1earningsreleasee.htm"></span></li></ul><h4>Return on Average Assets</h4><ul><li>Annualized return on average assets was 0.98% for Q1 2026, compared to 0.97% for Q4 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel2026q1earningsreleasee.htm"></span></li><li>Adjusted return on average assets was 1.08% for Q1 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel2026q1earningsreleasee.htm"></span></li></ul><h4>Return on Average Equity</h4><ul><li>Annualized return on average equity was 6.51% for Q1 2026, compared to 6.23% for Q4 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel2026q1earningsreleasee.htm"></span></li><li>Adjusted return on average equity was 7.14% for Q1 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel2026q1earningsreleasee.htm"></span></li></ul><h4>Return on Average Tangible Equity</h4><ul><li>Annualized return on average tangible equity was 11.23% for Q1 2026, compared to 10.90% for Q4 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel2026q1earningsreleasee.htm"></span></li><li>Adjusted return on average tangible equity was 12.18% for Q1 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel2026q1earningsreleasee.htm"></span></li></ul><h4>Tangible Book Value Per Share</h4><ul><li>Tangible book value per share was $21.69 at March 31, 2026, compared to $21.62 at December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel2026q1earningsreleasee.htm"></span></li></ul><h4>Paydown of Subordinated Notes</h4><ul><li>On April 1, 2026, Stellar Bancorp, Inc. redeemed the remaining $30 million of its Fixed-to-Floating Rate Subordinated Notes outstanding as of March 31, 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel2026q1earningsreleasee.htm"></span></li></ul><h3>Outlook / Guidance</h3><p>Stellar Bancorp, Inc. has received all necessary regulatory approvals for its proposed merger with Prosperity Bancshares.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel2026q1earningsreleasee.htm"></span> A special meeting of shareholders is scheduled for May 27, 2026, to consider the transaction, which is expected to close on or about July 1, 2026, subject to shareholder approval and customary closing conditions.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel2026q1earningsreleasee.htm"></span> The company believes this combination will create a significant Texas banking platform with enhanced capabilities and long-term value, as integration planning progresses.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1473844/000147384426000023/stel2026q1earningsreleasee.htm"></span></p>

Stellar Bancorp | 8-K: FY2026 Q1 Revenue: USD 150.21 M