For the quarter ending 2025-09-30, STEL made $268,801,000 in revenue. $25,670,000 in net income. Net profit margin of 9.55%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Loans, including fees | 122,557,000 | 121,814,000 | 120,640,000 | 131,711,500 |
| Taxable | 16,278,000 | 15,293,000 | 16,148,000 | 12,041,000 |
| Tax-exempt | 808,000 | 810,000 | 812,000 | 816,000 |
| Deposits in other financial institutions | 5,770,000 | 4,782,000 | 4,720,000 | 4,654,000 |
| Total interest income | 145,413,000 | 142,699,000 | 142,320,000 | 149,222,500 |
| Demand, money market and savings deposits | 32,376,000 | 31,097,000 | 27,574,000 | 27,703,500 |
| Certificates and other time deposits | 10,920,000 | 11,459,000 | 13,527,000 | 15,957,000 |
| Borrowed funds | 56,000 | 407,000 | 517,000 | 1,004,500 |
| Subordinated debt | 1,417,000 | 1,401,000 | 1,444,000 | 2,020,000 |
| Total interest expense | 44,769,000 | 44,364,000 | 43,062,000 | 48,046,333.333 |
| Net interest income | 100,644,000 | 98,335,000 | 99,258,000 | 102,537,500 |
| Provision for (reversal of) credit losses | 305,000 | 1,090,000 | 3,632,000 | 2,520,000 |
| Net interest income after provision for credit losses | 100,339,000 | 97,245,000 | 95,626,000 | 100,017,500 |
| Service charges on deposit accounts | 1,545,000 | 1,561,000 | 1,584,000 | 1,594,000 |
| (loss) gain on sale/write-down of assets | -491,000 | -57,000 | 417,000 | 200,500 |
| Bank-owned life insurance income | 632,000 | 618,000 | 610,000 | 604,500 |
| Debit card and interchange income | 572,000 | 566,000 | 520,000 | 548,500 |
| Other | 2,728,000 | 3,103,000 | 2,374,000 | 2,716,500 |
| Total noninterest income | 4,986,000 | 5,791,000 | 5,505,000 | 5,664,000 |
| Salaries and employee benefits | 43,175,000 | 40,927,000 | 41,792,000 | 42,586,500 |
| Net occupancy and equipment | 4,518,000 | 4,399,000 | 3,926,000 | 4,395,500 |
| Depreciation | 2,015,000 | 1,992,000 | 1,995,000 | 1,974,000 |
| Data processing and software amortization | 5,882,000 | 5,620,000 | 5,682,000 | 5,222,500 |
| Professional fees | 1,601,000 | 1,287,000 | 1,786,000 | 3,045,000 |
| Regulatory assessments and fdic insurance | 1,688,000 | 1,561,000 | 1,733,000 | 1,745,000 |
| Amortization of intangibles | 5,554,000 | 5,548,000 | 5,548,000 | 5,896,500 |
| Communications | 855,000 | 861,000 | 847,000 | 872,000 |
| Advertising | 1,425,000 | 1,167,000 | 782,000 | 1,179,000 |
| Other | 6,429,000 | 6,642,000 | 6,075,000 | 6,422,000 |
| Total noninterest expense | 73,142,000 | 70,004,000 | 70,166,000 | 73,338,000 |
| Income before income taxes | 32,183,000 | 33,032,000 | 30,965,000 | 32,343,500 |
| Provision for income taxes | 6,513,000 | 6,680,000 | 6,263,000 | 6,664,000 |
| Net income | 25,670,000 | 26,352,000 | 24,702,000 | 25,679,500 |
| Basic (in dollars per share) | 0.5 | 0.51 | 0.46 | 0.48 |
| Diluted (in dollars per share) | 0.5 | 0.51 | 0.46 | 0.48 |
| Total (in shares) | 51,356,000 | 51,569,000 | 53,197,000 | -26,839,000 |
| Weighted average shares outstanding (in shares) | 51,283,000 | 51,529,000 | 53,146,000 | -26,822,000 |
Stellar Bancorp, Inc. (STEL)
Stellar Bancorp, Inc. (STEL)