Stellar Bancorp reports Q2 EPS 56c, consensus 48c

Reports Q2 CET1 capital ratio 12.98%. Reports Q2 tangible book value per share $18.00. “We are pleased to announce our second quarter 2024 results,” said Robert R. Franklin, Jr., Stellar’s Chief Executive Officer. “Our disciplined focus on capital, credit and liquidity gives us strength and optionality as we move into the back half of the year. Although many anticipate lower interest rates in September, we are prepared if that does not come to pass,” said Franklin. “Stellar Bank is well-positioned for either outcome.”