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Stellar Bancorp delivered $26.4M in net income and maintained a strong net interest margin at 4.18%. Asset quality remained stable with low net charge-offs, while capital ratios improved slightly.
Net income reached $26.4M, with EPS at $0.51.
Net interest margin stood at 4.18%, reflecting strong lending performance.
Total risk-based capital ratio increased to 15.98%.
Nonperforming assets represented just 0.55% of total assets, indicating solid asset quality.
Stellar Bancorp expects loan and deposit growth to continue, supported by strong pipelines in Texas markets.
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