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Jun 30, 2022
Stellar Bancorp Q2 2022 Earnings Report
Reported net income of $11.7 million and EPS of $0.48 per diluted share, with loans reaching over $3 billion for the first time.
Key Takeaways
CBTX, Inc. reported a net income of $11.7 million, or $0.48 per diluted share, for the second quarter of 2022. Loans excluding loans held for sale were $3.0 billion at June 30, 2022, an increase of $153.0 million from March 31, 2022.
Net income of $11.7 million for the second quarter of 2022, or $0.48 per diluted share.
Loans excluding loans held for sale were $3.0 billion at June 30, 2022, an increase of $153.0 million from March 31, 2022.
Net interest margin on a tax equivalent basis was 3.49% for the second quarter of 2022.
Deposits decreased $64.6 million between March 31, 2022 and June 30, 2022.
Stellar Bancorp
Stellar Bancorp
Forward Guidance
The companies anticipate closing in the third quarter of 2022.