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Jun 30, 2024
Stellar Bancorp Q2 2024 Earnings Report
Reported solid profitability, meaningful regulatory capital build, strong net interest margin, and stable credit performance.
Key Takeaways
Stellar Bancorp reported a net income of $29.8 million, or $0.56 diluted earnings per share, for the second quarter of 2024. The company's capital ratios improved, and credit quality remained steady. The focus remains on building long-term shareholder value.
Net income for Q2 2024 was $29.8 million, or $0.56 diluted earnings per share.
Total risk-based capital ratio increased to 15.34% at June 30, 2024, from 14.62% at March 31, 2024.
Tier 1 leverage ratio increased to 10.93% at June 30, 2024, from 10.55% at March 31, 2024.
Tax equivalent net interest margin was 4.24% for the second quarter of 2024.
Stellar Bancorp
Stellar Bancorp
Stellar Bancorp Revenue by Segment
Revenue by Segment
Deposit Service Charges Revenue
CapyFin.comGain/Loss on Asset Sales Revenue
CapyFin.comBank-Owned Life Insurance Revenue
CapyFin.comCard Interchange Fees Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
The company did not provide forward guidance in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income