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Stellar Bancorp (STEL)
NYSE:STEL
Earnings Data
Report Date
Apr 25, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.44Last Year’s EPS
0.49Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: -3.01%
|Next Earnings Date:Apr 25, 2025
Earnings Call Sentiment|Positive
The earnings call highlights Stellar Bank's strong financial performance, with improvements in net interest margin and regulatory capital ratios, along with promising loan growth momentum. However, challenges include increased provisions for credit losses, a decline in non-interest income, and rising non-interest expenses. The bank's strategic focus on growth and positive economic conditions in its market provide a favorable outlook.Company Guidance
During Stellar Bank's Q4 earnings call for fiscal year 2024, the management provided guidance indicating a focus on growth and operational efficiency for 2025. Key metrics highlighted in the call included a fourth-quarter net income of $27.8 million, or $0.52 per diluted share, with an annualized return on average assets (ROAA) of 1.04% and an annualized return on average tangible common equity (ROATCE) of 10.82%. For the full year, net income was $117.6 million, or $2.20 per diluted share, with a ROAA of 1.1% and a ROATCE of 12.18%. The net interest margin improved to 4.25% in Q4 from 4.19% in the prior quarter, attributed to a strong non-interest bearing deposit portfolio and improved cost of funds. The bank also noted a provision for credit losses of $942,000, with the allowance for credit losses on loans at $81.1 million, or 1.09% of loans. Looking forward, the bank anticipates modest expense growth aligned with inflation, targeting non-interest expenses to reach about $295 million in 2025, while aiming for positive operating leverage through revenue growth and strategic capital deployment, including potential M&A opportunities.Strong Financial Performance
Stellar Bank reported a fourth-quarter net income of $27.8 million, or $0.52 per diluted share, with an annualized ROAA of 1.04% and an annualized ROATCE of 10.82%. For the full year 2024, net income was $117.6 million or $2.20 per diluted share, with an ROAA of 1.1% and an ROATCE of 12.18%.
Net Interest Margin Improvement
Net interest income for the quarter was $103 million, an increase from the $101.5 million in the third quarter. The net interest margin improved to 4.25% in the fourth quarter from 4.19% in the third quarter.
Regulatory Capital Ratios Growth
Total risk-based capital was 16.06% at the end of the fourth quarter, up from 14.02% at the end of 2023 and 12.39% at the end of 2022. Tangible book value per share increased 36.2% from $14.02 to $19.10 after dividends.
Loan Growth Momentum
Fourth quarter loan originations were the highest in six quarters, indicating strong momentum going into 2025.
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STEL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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STEL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $28.53 | $28.26 | -0.95% |
| Oct 25, 2024 | $25.99 | $26.11 | +0.46% |
| Jul 26, 2024 | $27.12 | $27.52 | +1.47% |
| Apr 26, 2024 | $23.39 | $22.03 | -5.81% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Stellar Bancorp (STEL) report earnings?
Stellar Bancorp (STEL) is schdueled to report earning on Apr 25, 2025, TBA Not Confirmed.
What is Stellar Bancorp (STEL) earnings time?
Stellar Bancorp (STEL) earnings time is at Apr 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is STEL EPS forecast?
STEL EPS forecast for the fiscal quarter 2025 (Q1) is 0.44.
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