Quarterly ResultApr 28, 2026, 04:08 PM
STEL Q1 Net Income +9.2% to $26.97M; EPS $0.53
AI Summary
Stellar Bancorp, Inc. reported a 9.2% increase in Q1 net income to $26.97 million, with diluted EPS rising 15.2% to $0.53. Net interest income grew by 6.7% to $105.93 million, while the provision for credit losses decreased significantly by 31.3% to $2.50 million. Total loans, net, increased to $7.50 billion, and total assets reached $10.89 billion, though the accumulated other comprehensive loss widened.
Key Highlights
- Net income increased 9.2% to $26.97 million for Q1 2026.
- Diluted EPS rose 15.2% to $0.53 for Q1 2026.
- Net interest income grew 6.7% to $105.93 million.
- Provision for credit losses decreased 31.3% to $2.50 million.
- Total loans, net, increased to $7.50 billion at March 31, 2026.
- Total assets reached $10.89 billion at March 31, 2026.
- Dividends per share increased to $0.15 for Q1 2026.
- Accumulated other comprehensive loss widened to $(89.01) million.