STEL · As filed with the SEC
Stellar Bancorp cash flow 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 CASH FLOWS · USD thousands
| USD thousands | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 |
|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||
| Net income | 102,872 | 115,003 | 130,497 | 51,432 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and intangibles amortization | 29,638 | 32,027 | 34,467 | 14,254 |
| Net accretion of discount on loans | (15,541) | (32,999) | (46,791) | (8,313) |
| Net amortization of discount on subordinated debt | — | — | — | 116 |
| Net accretion of discount on certificates of deposit | — | — | — | (57) |
| Net amortization of premium on securities | (3,063) | 5,768 | 6,583 | 5,729 |
| Provision for (reversal of) credit losses | 10,158 | (2,880) | 8,943 | 50,712 |
| Deferred income tax (benefit) expense | (1,741) | 3,298 | 10,250 | 1,931 |
| Stock-based compensation expense | 9,151 | 10,764 | 9,945 | 9,042 |
| Net change in operating leases | 3,466 | 3,821 | 4,198 | 2,816 |
| Bank-owned life insurance income | (2,886) | (2,414) | (2,178) | (1,125) |
| Federal Home Loan Bank stock dividends | — | (971) | (1,224) | (141) |
| Federal Reserve Bank and Federal Home Loan Bank stock dividends | (694) | — | — | — |
| Loss (gain) on sale/write-down of assets | 302 | (769) | (390) | — |
| Loss on write-down of premises, equipment and other real estate | — | 0 | 0 | 952 |
| (Gain) loss on sale of assets | — | — | — | (4,050) |
| Excess tax benefit from stock based compensation | — | — | (61) | (396) |
| Excess tax benefit from stock-based compensation | 107 | 136 | — | — |
| Increase in accrued interest receivable and other assets | (6,392) | (3,620) | (2,323) | 2,623 |
| (Decrease) increase in accrued interest payable and other liabilities | (28,373) | 5,455 | 16,301 | (16,459) |
| Net cash provided by operating activities | 97,004 | 132,619 | 168,217 | 109,066 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||
| Purchase of available for sale securities | (6,387,203) | (5,536,678) | (4,093,405) | (2,445,525) |
| Proceeds from maturities and principal paydowns of available for sale securities | 5,794,483 | 5,237,440 | 4,137,330 | 2,351,865 |
| Proceeds from sales and calls of available for sale securities | 136,705 | 6,912 | 392,687 | 365,217 |
| Net change in total loans | 139,754 | 517,607 | (134,712) | (561,197) |
| Purchase of bank premises and equipment | (4,398) | (4,663) | (6,861) | (3,811) |
| Proceeds from sale of bank premises, equipment and other real estate | 9,067 | 7,660 | 8,984 | 2,322 |
| Net (purchase) redemption of Federal Reserve Bank and Federal Home Loan Bank stock | (36,629) | 17,813 | (8,769) | (5,559) |
| Net cash received in the Merger | — | 0 | 0 | 370,448 |
| Net cash (used in) provided by investing activities | (348,221) | 246,091 | 295,254 | 73,760 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||
| Net (decrease) increase in noninterest-bearing deposits | (168,341) | 29,391 | (683,354) | 206,611 |
| Net increase in interest-bearing deposits | 61,423 | 225,526 | 289,189 | (710,335) |
| Dividends paid to common shareholders | (29,296) | (28,308) | (27,698) | (15,378) |
| Proceeds from the issuance of common stock, stock option exercises and the ESPP Plan | — | — | — | 77 |
| Repayment of subordinated debt | (30,000) | (40,000) | — | — |
| Net change in borrowings | 0 | (50,000) | (14,000) | (26,000) |
| Net paydown in borrowings under credit agreement | — | — | 0 | 0 |
| Payments made from the issuance of restricted stock and stock option exercises | (980) | (498) | (76) | — |
| Repurchase of common stock | (73,352) | (2,842) | 0 | (23,605) |
| Net cash (used in) provided by financing activities | (240,546) | 133,269 | (435,939) | (568,630) |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | (491,763) | 511,979 | 27,532 | (385,804) |
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 911,216 | 399,237 | 371,705 | 757,509 |
| CASH AND CASH EQUIVALENTS, END OF PERIOD | 419,453 | 911,216 | 399,237 | 371,705 |
| Income taxes paid | — | 27,400 | 14,000 | 15,050 |
| Interest paid | — | 188,644 | 144,868 | 33,691 |
| Cash paid for operating lease liabilities | — | 4,625 | 4,586 | 4,872 |
| Lease right-of-use asset obtained in exchange for lessee operating lease liabilities | — | 353 | 1,406 | 2,488 |
| Branch assets transferred to assets held for sale | — | 0 | 3,819 | 6,013 |
| Bank-financed sales of other real estate | — | 0 | 0 | 2,115 |
| Loans transferred to other real estate | — | 5,991 | 0 | 0 |
| Assets and liabilities assumed in the Merger (See Note 2) | — | — | 0 | 0 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.