Stellar Bancorp reported a net income of $26.1 million, or $0.49 diluted earnings per share, for the first quarter of 2024. The results reflect a focus on building capital, maintaining liquidity, and monitoring credit amid interest rate environment uncertainty.
Net income for Q1 2024 was $26.1 million, with diluted earnings per share at $0.49.
Tax equivalent net interest margin stood at 4.26% for Q1 2024.
Total risk-based capital ratio increased to 14.62% as of March 31, 2024.
Cost of funds was 2.06% for the first quarter of 2024.
This document does not contain forward guidance.
Visualization of income flow from segment revenue to net income
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