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	FY2021 Year ended Dec 31, 2021	FY2020 Year ended Dec 31, 2020
INTEREST INCOME:
Loans, including fees	484,877	531,680	537,722	280,375	230,713	225,959
Securities:
Taxable	65,338	49,903	38,494	27,128	11,889	8,227
Tax-exempt	3,238	3,262	2,553	10,733	9,909	7,311
Deposits in other financial institutions	21,017	17,555	12,048	4,758	673	265
Total interest income	574,470	602,400	590,817	322,994	253,184	241,762
INTEREST EXPENSE:
Demand, money market and savings deposits	120,531	113,246	87,335	19,139	5,365	9,371
Certificates and other time deposits	46,276	68,745	41,286	7,825	11,628	21,675
Borrowed funds	986	4,549	17,807	1,216	1,878	2,183
Subordinated debt	5,057	7,868	7,630	5,856	5,749	5,850
Total interest expense	—	—	154,058	34,036	24,620	39,079
Total interest expense	172,850	194,408	—	—	—	—
NET INTEREST INCOME	401,620	407,992	436,759	288,958	228,564	202,683
Provision for (reversal of) credit losses	10,158	(2,880)	8,943	50,712	(2,322)	27,374
Net interest income after provision for credit losses	391,462	410,872	427,816	238,246	230,886	175,309
NONINTEREST INCOME:
Service charges on deposit accounts	6,282	6,430	—	—	—	—
Deposit Account, Nonsufficient Funds Fee	—	—	—	834	464	404
Nonsufficient funds fees and overdraft charges	—	—	1,298	—	464	—
Service charges on deposit accounts	—	—	4,766	2,856	1,671	1,530
Gain (loss) on sale of assets	—	—	390	4,050	(272)	287
(Loss) gain on sale/write-down of assets	(302)	769	—	—	—	—
Bank-owned life insurance income	2,886	2,414	2,178	1,125	554	582
Debit card and interchange income	2,241	2,191	4,996	4,465	2,996	2,205
Other	10,683	11,242	10,934	7,024	3,149	3,148
Total noninterest income	21,790	23,046	24,562	20,354	8,562	8,156
NONINTEREST EXPENSE:
Salaries and employee benefits	168,807	165,357	157,034	107,554	90,177	80,152
Net occupancy and equipment	17,619	17,864	16,932	10,335	9,144	7,969
Depreciation	8,058	7,807	7,584	4,951	4,254	3,716
Data processing and software amortization	22,980	21,652	19,526	11,337	8,862	7,992
Professional fees	6,261	9,424	7,955	3,583	3,025	3,128
Regulatory assessments and FDIC insurance	6,187	7,568	11,032	4,914	3,407	2,926
Amortization of intangibles	21,580	24,220	26,883	9,303	3,296	3,922
Communications	3,435	3,418	2,796	1,800	1,406	1,387
Advertising	4,707	4,127	3,627	2,460	1,692	1,565
Other real estate expense	—	—	—	369	548	5,162
Acquisition and merger-related expenses	0	0	15,555	24,138	2,011	0
Other	25,836	27,521	21,570	15,332	12,280	9,575
Total noninterest expense	285,470	288,958	290,494	196,076	139,554	127,494
INCOME BEFORE INCOME TAXES	127,782	144,960	161,884	62,524	99,894	55,971
Provision for income taxes	24,910	29,957	31,387	11,092	18,341	10,437
NET INCOME	102,872	115,003	130,497	51,432	81,553	45,534
EARNINGS PER SHARE:
Basic (in dollars per share)	1.99	2.15	2.45	1.48	2.85	1.57
Diluted (in dollars per share)	1.99	2.15	2.45	1.47	2.82	1.56
DIVIDENDS PER SHARE (in dollars per share)	0.57	0.53	0.52	0.43	0.34	0.28

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.