Stellar Bancorp ( (STEL) ) just unveiled an announcement.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Stellar Bancorp, Inc. announced a strong third quarter of 2024, reporting a net income of $33.9 million, reflecting the company’s strategic focus post-merger. The bank has bolstered its capital base and liquidity, reduced exposure to commercial real estate, and invested in a balanced loan portfolio. Despite a decrease in net interest margin to 4.19%, the bank has improved credit metrics and is poised for growth amid economic uncertainties. Stellar’s share repurchase program and robust asset quality further underscore its financial health.
Find detailed analytics on STEL stock on TipRanks’ Stock Analysis page.
