STEL · As filed with the SEC
Stellar Bancorp income statement, by fiscal year
The statement as Stellar Bancorp presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF INCOME · USD thousands, except per-share amounts
| USD thousands, except per-share amounts | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 |
|---|---|---|---|---|
| INTEREST INCOME: | ||||
| Loans, including fees | 484,877 | 531,680 | 537,722 | 280,375 |
| Securities: | ||||
| Taxable | 65,338 | 49,903 | 38,494 | 27,128 |
| Tax-exempt | 3,238 | 3,262 | 2,553 | 10,733 |
| Deposits in other financial institutions | 21,017 | 17,555 | 12,048 | 4,758 |
| Total interest income | 574,470 | 602,400 | 590,817 | 322,994 |
| INTEREST EXPENSE: | ||||
| Demand, money market and savings deposits | 120,531 | 113,246 | 87,335 | 19,139 |
| Certificates and other time deposits | 46,276 | 68,745 | 41,286 | 7,825 |
| Borrowed funds | 986 | 4,549 | 17,807 | 1,216 |
| Subordinated debt | 5,057 | 7,868 | 7,630 | 5,856 |
| Total interest expense | — | — | 154,058 | 34,036 |
| Total interest expense | 172,850 | 194,408 | — | — |
| NET INTEREST INCOME | 401,620 | 407,992 | 436,759 | 288,958 |
| Provision for (reversal of) credit losses | 10,158 | (2,880) | 8,943 | 50,712 |
| Net interest income after provision for credit losses | 391,462 | 410,872 | 427,816 | 238,246 |
| NONINTEREST INCOME: | ||||
| Service charges on deposit accounts | 6,282 | 6,430 | — | — |
| Deposit Account, Nonsufficient Funds Fee | — | — | — | 834 |
| Nonsufficient funds fees and overdraft charges | — | — | 1,298 | — |
| Service charges on deposit accounts | — | — | 4,766 | 2,856 |
| Gain (loss) on sale of assets | — | — | 390 | 4,050 |
| (Loss) gain on sale/write-down of assets | (302) | 769 | — | — |
| Bank-owned life insurance income | 2,886 | 2,414 | 2,178 | 1,125 |
| Debit card and interchange income | 2,241 | 2,191 | 4,996 | 4,465 |
| Other | 10,683 | 11,242 | 10,934 | 7,024 |
| Total noninterest income | 21,790 | 23,046 | 24,562 | 20,354 |
| NONINTEREST EXPENSE: | ||||
| Salaries and employee benefits | 168,807 | 165,357 | 157,034 | 107,554 |
| Net occupancy and equipment | 17,619 | 17,864 | 16,932 | 10,335 |
| Depreciation | 8,058 | 7,807 | 7,584 | 4,951 |
| Data processing and software amortization | 22,980 | 21,652 | 19,526 | 11,337 |
| Professional fees | 6,261 | 9,424 | 7,955 | 3,583 |
| Regulatory assessments and FDIC insurance | 6,187 | 7,568 | 11,032 | 4,914 |
| Amortization of intangibles | 21,580 | 24,220 | 26,883 | 9,303 |
| Communications | 3,435 | 3,418 | 2,796 | 1,800 |
| Advertising | 4,707 | 4,127 | 3,627 | 2,460 |
| Other real estate expense | — | — | — | 369 |
| Acquisition and merger-related expenses | 0 | 0 | 15,555 | 24,138 |
| Other | 25,836 | 27,521 | 21,570 | 15,332 |
| Total noninterest expense | 285,470 | 288,958 | 290,494 | 196,076 |
| INCOME BEFORE INCOME TAXES | 127,782 | 144,960 | 161,884 | 62,524 |
| Provision for income taxes | 24,910 | 29,957 | 31,387 | 11,092 |
| NET INCOME | 102,872 | 115,003 | 130,497 | 51,432 |
| EARNINGS PER SHARE: | ||||
| Basic (in dollars per share) | 1.99 | 2.15 | 2.45 | 1.48 |
| Diluted (in dollars per share) | 1.99 | 2.15 | 2.45 | 1.47 |
| DIVIDENDS PER SHARE (in dollars per share) | 0.57 | 0.53 | 0.52 | 0.43 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.