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Sep 30, 2024
Stellar Bancorp Q3 2024 Earnings Report
Reported solid profitability, strong net interest margin, meaningful capital and book value build, and improving credit metrics.
Key Takeaways
Stellar Bancorp reported a net income of $33.9 million, or $0.63 diluted earnings per share, for the third quarter of 2024. The company saw improvements in credit metrics and an increase in the total risk-based capital ratio.
Net income for Q3 2024 was $33.9 million, with diluted earnings per share at $0.63.
The tax equivalent net interest margin was 4.19% for Q3 2024.
Total risk-based capital ratio increased to 15.91% at the end of Q3 2024.
Nonperforming loans decreased by $18.8 million to $32.1 million at the end of Q3 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
Stellar Bank is positioned for success as the economic and political environment becomes clearer. The company feels comfortable with their revenue outlook. The election cycle will soon be complete and some of the elevated stress and uncertainty around the process will abate. The company has positioned the Bank for quality growth and looks forward to furthering the Stellar brand in their markets.
Revenue & Expenses
Visualization of income flow from segment revenue to net income