Loading…
Stellar Bancorp, Inc. operates as the bank holding company that provides a range of commercial banking products and services primarily to small and medium-sized businesses, professionals, and individual customers. It provides deposit products that include checking accounts, commercial accounts, money market accounts, savings accounts, and other time deposits, as well as convenient services, such as telephone, mobile, and online banking. The company also offers commercial and industrial loans; commercial real estate loans comprising multi-family residential loans; commercial real estate construction and land development loans; residential real estate loans comprising 1-4 family residential mortgage loans, including home equity and home improvement loans, and home equity lines of credit; commercial and retail lending services, such as loans to small businesses, mortgage loans, personal loans, and automobile loans; and factoring services. In addition, it provides safe deposit boxes, debit cards, cash management and wire transfer services, night depository services, direct deposits, cashier's checks, and letters of credit. Stellar Bancorp, Inc. was founded in 2007 and is headquartered in Houston, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $423M | - | $103M | $93M | 6.2% | -1.8% | -10.5% |
| 2024 | $431M | - | $115M | $128M | 7.2% | -6.6% | -11.9% |
| 2023 | $461M | - | $130M | $161M | 8.6% | 49.1% | 153.7% |
| 2022 | $309M | - | $51M | $105M | 3.7% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 309.31 | 461.32 | 431.04 | 423.41 |
| Operating Revenue | - | 309.31 | 461.32 | 431.04 | 423.41 |
| Selling General And Administration | - | 114.93 | 171.69 | 177.05 | 179.70 |
| Interest Income | - | 322.99 | 590.82 | 602.40 | 574.47 |
| Interest Expense | - | 34.04 | 154.06 | 194.41 | 172.85 |
| Net Interest Income | - | 288.96 | 436.76 | 407.99 | 401.62 |
| Pretax Income | - | 62.52 | 161.88 | 144.96 | 127.78 |
| Tax Provision | - | 11.09 | 31.39 | 29.96 | 24.91 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -3.56 | -2.94 | 0.16 | -0.06 |
| Net Income Continuous Operations | - | 51.43 | 130.50 | 115 | 102.87 |
| Net Income From Continuing And Discontinued Operation | - | 51.43 | 130.50 | 115 | 102.87 |
| Net Income From Continuing Operation Net Minority Interest | - | 51.43 | 130.50 | 115 | 102.87 |
| Net Income | - | 51.43 | 130.50 | 115 | 102.87 |
| Net Income Common Stockholders | - | 51.43 | 130.50 | 115 | 102.87 |
| Net Income Including Noncontrolling Interests | - | 51.43 | 130.50 | 115 | 102.87 |
| Normalized Income | - | 67.96 | 142.72 | 114.39 | 103.12 |
| Diluted NI Availto Com Stockholders | - | 51.43 | 130.50 | 115 | 102.87 |
| Basic Average Shares | - | 34.74 | 53.23 | 53.47 | 51.75 |
| Diluted Average Shares | - | 35.01 | 53.31 | 53.51 | 51.80 |
| Reconciled Depreciation | - | 14.25 | 34.47 | 32.03 | 29.64 |
| Total Unusual Items | - | -20.09 | -15.16 | 0.77 | -0.30 |
| Total Unusual Items Excluding Goodwill | - | -20.09 | -15.16 | 0.77 | -0.30 |
| Special Income Charges | - | -24.14 | -15.56 | 0 | 0 |
| Restructuring And Mergern Acquisition | - | 24.14 | 15.56 | 0 | 0 |
| Gain On Sale Of Security | -1.79 | - | - | - | - |
| Depreciation Amortization Depletion Income Statement | - | 25.59 | 53.99 | 53.68 | 52.62 |
| Depreciation And Amortization In Income Statement | - | 25.59 | 53.99 | 53.68 | 52.62 |
| General And Administrative Expense | - | 112.47 | 168.07 | 172.92 | 174.99 |
| Other Gand A | 18.48 | - | - | - | - |
| Salaries And Wages | - | 107.55 | 157.03 | 165.36 | 168.81 |
| Insurance And Claims | - | 4.91 | 11.03 | 7.57 | 6.19 |
| Selling And Marketing Expense | - | 2.46 | 3.63 | 4.13 | 4.71 |
| Amortization | - | 20.64 | 46.41 | 45.87 | 44.56 |
| Amortization Of Intangibles Income Statement | - | 20.64 | 46.41 | 45.87 | 44.56 |
| Occupancy And Equipment | - | 10.34 | 16.93 | 17.86 | 17.62 |
| Depreciation Income Statement | - | 4.95 | 7.58 | 7.81 | 8.06 |
| Professional Expense And Contract Services Expense | - | 3.58 | 7.96 | 9.42 | 6.26 |
| Other Non Interest Expense | - | 17.50 | 24.37 | 30.94 | 29.27 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Stellar Bancorp, Inc.this co. | STEL | $1.9B | 18.53↑ premium | 1.14 | 6.2% | - |
| Federal Agricultural Mortgage Corporation | AGM | $2.0B | 9.53 | 1.63 | 17.1% | - |
| OFG Bancorp | OFG | $1.9B | 9.47 | 1.40 | 14.8% | - |
| First Commonwealth Financial Corporation | FCF | $1.9B | 12.65 | 1.24 | 9.8% | - |
| The Baldwin Insurance Group, Inc. | BWIN |
| - |
| - |
| - |
| - |
| - |
| $1.9B |
| -55.47 |
| 3.13 |
| -5.6% |
| 16.99 |
| National Bank Holdings Corporation | NBHC | $1.9B | 17.05 | 1.35 | 7.9% | - |
| Horace Mann Educators Corporation | HMN | $1.8B | 11.35 | 1.24 | 10.9% | - |
| Slide Insurance Holdings, Inc. | SLDE | $1.8B | 4.14 | 1.65 | 39.9% | - |
| Patria Investments Limited | PAX | $1.8B | 21.43 | 3.00 | 14.0% | 12.81 |
| Peer Median | - | 10.44 | 1.51 | 12.5% | 14.90 | |