Stellar Bancorp, Inc. (STEL) financial statements: income statement, balance sheet and cash flow
Stellar Bancorp, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Stellar Bancorp, Inc. reported net income of $102.9M (-10.5% year on year).
Income statement
Stellar Bancorp, Inc. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Loans, including fees
$484.9M
$531.7M
$537.7M
$280.4M
Taxable
$65.3M
$49.9M
$38.5M
$27.1M
Tax-exempt
$3.2M
$3.3M
$2.6M
$10.7M
Deposits in other financial institutions
$21.0M
$17.6M
$12.0M
$4.8M
Total interest income
$574.5M
$602.4M
$590.8M
$323.0M
Demand, money market and savings deposits
$120.5M
$113.2M
$87.3M
$19.1M
Certificates and other time deposits
$46.3M
$68.7M
$41.3M
$7.8M
Borrowed funds
$986.0K
$4.5M
$17.8M
$1.2M
Subordinated debt
$5.1M
$7.9M
$7.6M
$5.9M
Total interest expense
$172.8M
$194.4M
$154.1M
$34.0M
NET INTEREST INCOME
$401.6M
$408.0M
$436.8M
$289.0M
Provision for (reversal of) credit losses
$10.2M
($2.9M)
$8.9M
$50.7M
Net interest income after provision for credit losses
$391.5M
$410.9M
$427.8M
$238.2M
Service charges on deposit accounts
$6.3M
$6.4M
$6.1M
$3.7M
(Loss) gain on sale/write-down of assets
($302.0K)
$769.0K
—
—
Bank-owned life insurance income
$2.9M
$2.4M
$2.2M
$1.1M
Debit card and interchange income
$2.2M
$2.2M
$5.0M
$4.5M
Other
$10.7M
$11.2M
$10.9M
$7.0M
Total noninterest income
$21.8M
$23.0M
$24.6M
$20.4M
Salaries and employee benefits
$168.8M
$165.4M
$157.0M
$107.6M
Net occupancy and equipment
$17.6M
$17.9M
$16.9M
$10.3M
Depreciation
$8.1M
$7.8M
$7.6M
$5.0M
Data processing and software amortization
$23.0M
$21.7M
$19.5M
$11.3M
Professional fees
$6.3M
$9.4M
$8.0M
$3.6M
Regulatory assessments and FDIC insurance
$6.2M
$7.6M
$11.0M
$4.9M
Amortization of intangibles
$21.6M
$24.2M
$26.9M
$9.3M
Communications
$3.4M
$3.4M
$2.8M
$1.8M
Advertising
$4.7M
$4.1M
$3.6M
$2.5M
Acquisition and merger-related expenses
$0
$0
$15.6M
$24.1M
Other
$25.8M
$27.5M
$21.6M
$15.3M
Total noninterest expense
$285.5M
$289.0M
$290.5M
$196.1M
INCOME BEFORE INCOME TAXES
$127.8M
$145.0M
$161.9M
$62.5M
Provision for income taxes
$24.9M
$30.0M
$31.4M
$11.1M
NET INCOME
$102.9M
$115.0M
$130.5M
$51.4M
Basic (in dollars per share)
$1.99
$2.15
$2.45
$1.48
Diluted (in dollars per share)
$1.99
$2.15
$2.45
$1.47
DIVIDENDS PER SHARE (in dollars per share)
$0.57
$0.53
$0.52
$0.43
Stellar Bancorp, Inc. income statement, quarters
Line item
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Mar 31, 2025 · Q1
Loans, including fees
$119.8M
$122.6M
$121.8M
$120.6M
Taxable
$19.6M
$16.3M
$15.3M
$16.1M
Tax-exempt
$805.0K
$808.0K
$810.0K
$812.0K
Deposits in other financial institutions
$4.9M
$5.8M
$4.8M
$4.7M
Total interest income
$145.1M
$145.4M
$142.7M
$142.3M
Demand, money market and savings deposits
$29.6M
$32.4M
$31.1M
$27.6M
Certificates and other time deposits
$8.6M
$10.9M
$11.5M
$13.5M
Borrowed funds
$149.0K
$56.0K
$407.0K
$517.0K
Subordinated debt
$747.0K
$1.4M
$1.4M
$1.4M
Total interest expense
$39.2M
$44.8M
$44.4M
$43.1M
NET INTEREST INCOME
$105.9M
$100.6M
$98.3M
$99.3M
Provision for credit losses
$2.5M
$305.0K
$1.1M
$3.6M
Net interest income after provision for credit losses
$103.4M
$100.3M
$97.2M
$95.6M
Service charges on deposit accounts
$1.6M
$1.5M
$1.6M
$1.6M
(Loss) gain on sale/write-down of assets
($37.0K)
($491.0K)
($57.0K)
$417.0K
Bank-owned life insurance income
$626.0K
$632.0K
$618.0K
$610.0K
Debit card and interchange income
$547.0K
$572.0K
$566.0K
$520.0K
Other
$2.3M
$2.7M
$3.1M
$2.4M
Total noninterest income
$5.1M
$5.0M
$5.8M
$5.5M
Salaries and employee benefits
$43.9M
$43.2M
$40.9M
$41.8M
Net occupancy and equipment
$4.6M
$4.5M
$4.4M
$3.9M
Depreciation
$2.0M
$2.0M
$2.0M
$2.0M
Data processing and software amortization
$6.1M
$5.9M
$5.6M
$5.7M
Professional fees
$886.0K
$1.6M
$1.3M
$1.8M
Regulatory assessments and FDIC insurance
$1.6M
$1.7M
$1.6M
$1.7M
Amortization of intangibles
$4.9M
$5.6M
$5.5M
$5.5M
Communications
$759.0K
$855.0K
$861.0K
$847.0K
Advertising
$799.0K
$1.4M
$1.2M
$782.0K
Acquisition and merger-related expenses
$3.3M
—
—
—
Other
$6.3M
$6.4M
$6.6M
$6.1M
Total noninterest expense
$75.2M
$73.1M
$70.0M
$70.2M
INCOME BEFORE INCOME TAXES
$33.4M
$32.2M
$33.0M
$31.0M
Provision for income taxes
$6.4M
$6.5M
$6.7M
$6.3M
NET INCOME
$27.0M
$25.7M
$26.4M
$24.7M
Basic (in dollars per share)
$0.53
$0.50
$0.51
$0.46
Diluted (in dollars per share)
$0.53
$0.50
$0.51
$0.46
DIVIDENDS PER SHARE (in dollars per share)
$0.15
$0.14
$0.14
$0.14
Balance sheet
Stellar Bancorp, Inc. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and due from banks
$94.3M
$420.0M
$121.0M
$67.1M
Interest-bearing deposits at other financial institutions
$325.1M
$491.2M
$278.2M
$304.6M
Total cash and cash equivalents
$419.5M
$911.2M
$399.2M
$371.7M
Available for sale securities, at fair value
$2.2B
$1.7B
$1.4B
$1.8B
Loans held for investment
$7.3B
$7.4B
$7.9B
$7.8B
Less: allowance for credit losses on loans
($83.6M)
($81.1M)
($91.7M)
($93.2M)
Loans, net
$7.2B
$7.4B
$7.8B
$7.7B
Accrued interest receivable
$35.9M
$37.9M
$44.2M
$44.7M
Premises and equipment, net
$106.1M
$111.9M
$118.7M
$126.8M
Federal Reserve Bank and Federal Home Loan Bank stock
$45.5M
—
—
—
Bank-owned life insurance
$109.5M
$107.5M
$105.1M
$103.1M
Goodwill
$497.3M
$497.3M
$497.3M
$497.3M
Core deposit intangibles, net
$71.0M
$92.5M
$116.7M
$143.5M
Other assets
$106.4M
$107.5M
$111.7M
$129.1M
TOTAL ASSETS
$10.8B
$10.9B
$10.6B
$10.9B
Noninterest-bearing
$3.4B
$3.6B
$3.5B
$4.2B
Demand
$2.1B
$1.8B
$1.7B
$1.6B
Money market and savings
$2.5B
$2.3B
$2.1B
$2.6B
Certificates and other time
$1.0B
$1.5B
$1.5B
$869.7M
Total interest-bearing deposits
$5.6B
$5.6B
$5.3B
$5.0B
Total deposits
$9.0B
$9.1B
$8.9B
$9.3B
Accrued interest payable
$5.5M
$17.1M
$11.3M
$2.1M
Subordinated debt
$40.2M
$70.1M
$109.8M
$109.4M
Other liabilities
$70.7M
$82.4M
$81.6M
$74.2M
Total liabilities
$9.1B
$9.3B
$9.1B
$9.5B
Preferred stock, $0.01 par value; 10,000,000 shares authorized; no shares issued or outstanding at both December 31, 2025 and 2024
0
0
0
0
Common stock, $0.01 par value; 140,000,000 shares authorized, 50,902,024 shares issued and outstanding at December 31, 2025 and 53,428,699 shares issued and outstanding at December 31, 2024
509.0K
534.0K
533.0K
530.0K
Capital surplus
$1.2B
$1.2B
$1.2B
$1.2B
Retained earnings
$566.2M
$492.6M
$405.9M
$303.1M
Accumulated other comprehensive loss
($73.0M)
($125.4M)
($118.1M)
($143.3M)
Total shareholders’ equity
$1.7B
$1.6B
$1.5B
$1.4B
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
$10.8B
$10.9B
$10.6B
$10.9B
Stellar Bancorp, Inc. balance sheet, quarters
Line item
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Mar 31, 2025
Cash and due from banks
$107.7M
$99.4M
$136.1M
$130.9M
Interest-bearing deposits at other financial institutions
$441.8M
$629.0M
$442.0M
$429.6M
Total cash and cash equivalents
$549.6M
$728.4M
$578.1M
$560.6M
Available for sale securities, at fair value
$1.9B
$1.8B
$1.7B
$1.7B
Loans held for investment
$7.6B
$7.2B
$7.3B
$7.3B
Less: allowance for credit losses on loans
($85.4M)
($78.9M)
($83.2M)
($83.7M)
Loans, net
$7.5B
$7.1B
$7.2B
$7.2B
Accrued interest receivable
$36.6M
$34.9M
$35.5M
$37.7M
Premises and equipment, net
$99.9M
$107.8M
$108.6M
$109.8M
Federal Reserve Bank and Federal Home Loan Bank stock
$51.1M
$45.4M
$47.1M
—
Bank-owned life insurance
$110.1M
$109.4M
$108.7M
$108.1M
Goodwill
$497.3M
$497.3M
$497.3M
$497.3M
Core deposit intangibles, net
$66.1M
$75.9M
$81.5M
$87.0M
Other assets
$111.4M
$97.8M
$102.3M
$94.8M
TOTAL ASSETS
$10.9B
$10.6B
$10.5B
$10.4B
Noninterest-bearing
$3.2B
$3.2B
$3.2B
$3.2B
Demand
$2.2B
$2.0B
$1.9B
$1.9B
Money market and savings
$2.6B
$2.5B
$2.4B
$2.2B
Certificates and other time
$1.0B
$1.2B
$1.2B
$1.2B
Total interest-bearing deposits
$5.8B
$5.6B
$5.5B
$5.4B
Total deposits
$9.0B
$8.8B
$8.7B
$8.6B
Accrued interest payable
$5.2M
$9.4M
$7.6M
$9.9M
Borrowed funds
$135.0M
—
$69.9M
$119.9M
Subordinated debt
$40.3M
$70.2M
$70.2M
$70.1M
Other liabilities
$59.1M
$77.9M
$67.9M
$61.4M
Total liabilities
$9.2B
$9.0B
$8.9B
$8.8B
Preferred stock, $0.01 par value; 10,000,000 shares authorized; no shares issued or outstanding at March 31, 2026 and December 31, 2025
0
0
0
0
Common stock, $0.01 par value; 140,000,000 shares authorized; 50,911,515 shares issued and outstanding at March 31, 2026 and 50,902,024 shares issued and outstanding at December 31, 2025
509.0K
512.0K
514.0K
521.0K
Capital surplus
$1.2B
$1.2B
$1.2B
$1.2B
Retained earnings
$585.4M
$547.7M
$529.2M
$510.1M
Accumulated other comprehensive loss
($89.0M)
($77.9M)
($110.9M)
($102.4M)
Total shareholders’ equity
$1.7B
$1.7B
$1.6B
$1.6B
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
$10.9B
$10.6B
$10.5B
$10.4B
Cash flow statement
Stellar Bancorp, Inc. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$102.9M
$115.0M
$130.5M
$51.4M
Depreciation and intangibles amortization
$29.6M
$32.0M
$34.5M
$14.3M
Net accretion of discount on loans
($15.5M)
($33.0M)
($46.8M)
($8.3M)
Net amortization of premium on securities
($3.1M)
$5.8M
$6.6M
$5.7M
Provision for (reversal of) credit losses
$10.2M
($2.9M)
$8.9M
$50.7M
Deferred income tax (benefit) expense
($1.7M)
$3.3M
$10.3M
$1.9M
Stock-based compensation expense
$9.2M
$10.8M
$9.9M
$9.0M
Net change in operating leases
$3.5M
$3.8M
$4.2M
$2.8M
Bank-owned life insurance income
($2.9M)
($2.4M)
($2.2M)
($1.1M)
Federal Reserve Bank and Federal Home Loan Bank stock dividends
($694.0K)
—
—
—
Loss (gain) on sale/write-down of assets
$302.0K
($769.0K)
($390.0K)
—
Excess tax benefit from stock-based compensation
$107.0K
$136.0K
($61.0K)
($396.0K)
Increase in accrued interest receivable and other assets
($6.4M)
($3.6M)
($2.3M)
$2.6M
(Decrease) increase in accrued interest payable and other liabilities
($28.4M)
$5.5M
$16.3M
($16.5M)
Net cash provided by operating activities
$97.0M
$132.6M
$168.2M
$109.1M
Purchase of available for sale securities
($6.4B)
($5.5B)
($4.1B)
($2.4B)
Proceeds from maturities and principal paydowns of available for sale securities
$5.8B
$5.2B
$4.1B
$2.4B
Proceeds from sales and calls of available for sale securities
$136.7M
$6.9M
$392.7M
$365.2M
Net change in total loans
$139.8M
$517.6M
($134.7M)
($561.2M)
Purchase of bank premises and equipment
($4.4M)
($4.7M)
($6.9M)
($3.8M)
Proceeds from sale of bank premises, equipment and other real estate
$9.1M
$7.7M
$9.0M
$2.3M
Net (purchase) redemption of Federal Reserve Bank and Federal Home Loan Bank stock
($36.6M)
$17.8M
($8.8M)
($5.6M)
Net cash (used in) provided by investing activities
($348.2M)
$246.1M
$295.3M
$73.8M
Net (decrease) increase in noninterest-bearing deposits
($168.3M)
$29.4M
($683.4M)
$206.6M
Net increase in interest-bearing deposits
$61.4M
$225.5M
$289.2M
($710.3M)
Dividends paid to common shareholders
($29.3M)
($28.3M)
($27.7M)
($15.4M)
Repayment of subordinated debt
($30.0M)
($40.0M)
—
—
Net change in borrowings
$0
($50.0M)
($14.0M)
($26.0M)
Payments made from the issuance of restricted stock and stock option exercises
-980.0K
-498.0K
-76.0K
—
Repurchase of common stock
($73.4M)
($2.8M)
$0
($23.6M)
Net cash (used in) provided by financing activities
($240.5M)
$133.3M
($435.9M)
($568.6M)
NET CHANGE IN CASH AND CASH EQUIVALENTS
($491.8M)
$512.0M
$27.5M
($385.8M)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD
$911.2M
$399.2M
$371.7M
$757.5M
CASH AND CASH EQUIVALENTS, END OF PERIOD
$419.5M
$911.2M
$399.2M
$371.7M
Stellar Bancorp, Inc. cash flow statement, quarters
Line item
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Mar 31, 2025 · Q1
Net income
$27.0M
$76.7M
$51.1M
$24.7M
Depreciation and intangibles amortization
$6.9M
$22.7M
$15.1M
$7.5M
Net accretion of discount on loans
($3.6M)
($15.5M)
($10.7M)
($5.4M)
Net accretion of discount on securities
($2.8M)
($2.3M)
($1.6M)
($1.3M)
Provision for credit losses
$2.5M
$5.0M
$4.7M
$3.6M
Deferred income tax expense
$889.0K
$14.0K
$778.0K
$1.0M
Stock-based compensation expense
$2.0M
$7.1M
$4.5M
$2.0M
Net change in operating leases
$1.1M
$2.6M
$1.7M
$823.0K
Bank-owned life insurance income
($626.0K)
($1.9M)
($1.2M)
($610.0K)
Federal Reserve Bank and Federal Home Loan Bank stock dividends
($73.0K)
($1.7M)
—
—
Loss (gain) on sale/write-down of assets
$37.0K
$131.0K
($360.0K)
($417.0K)
Excess tax benefit from stock-based compensation
($480.0K)
$312.0K
$708.0K
$539.0K
Decrease in accrued interest receivable and other assets
($4.9M)
$7.5M
($17.4M)
($8.9M)
Decrease in accrued interest payable and other liabilities
($11.3M)
($17.0M)
($26.8M)
($29.0M)
Net cash provided by (used in) operating activities
$16.5M
$83.7M
$20.1M
($5.7M)
Purchase of available for sale securities
($1.2B)
($4.9B)
($3.1B)
($1.5B)
Proceeds from maturities and principal paydowns of available for sale securities
$1.6B
$4.6B
$2.9B
$1.4B
Proceeds from sales and calls of available for sale securities
$0
$126.1M
$115.2M
$102.7M
Net change in total loans
($287.4M)
$268.9M
$175.9M
$170.7M
Purchase of bank premises and equipment
($268.0K)
($3.1M)
($2.0M)
($770.0K)
Proceeds from sale of bank premises, equipment and other real estate
$3.3M
$8.1M
$7.0M
$5.8M
Net purchase of Federal Reserve Bank and Federal Home Loan Bank stock
$0
($36.6M)
($38.5M)
($12.5M)
Net cash provided by investing activities
$31.8M
$130.5M
$105.6M
$147.4M
Net decrease in noninterest-bearing deposits
($197.3M)
($365.3M)
($392.5M)
($370.6M)
Net increase (decrease) in interest-bearing deposits
$157.8M
$54.3M
($62.3M)
($195.1M)
Net change in borrowed funds
$135.0M
$0
$70.0M
$120.0M
Dividends paid to common shareholders
($7.8M)
($21.6M)
($14.5M)
($7.3M)
Payments made the issuance of restricted stock and stock option exercises
-1.8M
-179.0K
-303.0K
-799.0K
Repurchase of common stock
($4.2M)
($64.2M)
($59.2M)
($38.6M)
Net cash provided by (used) in financing activities