STEL · As filed with the SEC
Stellar Bancorp balance sheet, 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 BALANCE SHEETS · USD thousands
| USD thousands | FY2025 Dec 31, 2025 | FY2024 Dec 31, 2024 | FY2023 Dec 31, 2023 | FY2022 Dec 31, 2022 | FY2021 Dec 31, 2021 | FY2020 Dec 31, 2020 | FY2019 Dec 31, 2019 | FY2018 Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Cash and due from banks | 94,331 | 419,967 | 121,004 | 67,063 | 27,689 | 46,814 | 51,259 | 54,450 |
| Interest-bearing deposits at other financial institutions | 325,122 | 491,249 | 278,233 | 304,642 | 922,457 | 491,193 | 320,805 | 327,620 |
| Total cash and cash equivalents | — | — | — | — | 950,146,000 | 538,007,000 | 372,064,000 | 382,070,000 |
| Securities | — | — | — | — | 425,046,000 | 237,281,000 | 231,262,000 | 229,964,000 |
| Equity investments | — | — | — | — | — | 18,652,000 | 16,710,000 | 13,026,000 |
| Loans, net of allowance for loan loss of $23,693 and $24,778 at December 31, 2018 and 2017, respectively | — | — | — | — | — | — | — | 2,423,130,000 |
| Loans held for sale | — | — | — | — | — | — | 1,463,000 | — |
| Equity investments | — | — | — | — | 17,727,000 | — | — | — |
| Loans held for sale | — | — | — | — | 164,000 | 2,673,000 | — | — |
| Loans, net of allowance for credit losses of $31,345 and $40,637 at December 31, 2021 and 2020, respectively | — | — | — | — | 2,836,179,000 | 2,883,480,000 | 2,613,805,000 | — |
| Total cash and cash equivalents | 419,453 | 911,216 | 399,237 | 371,705 | — | — | — | — |
| Available for sale securities, at fair value | 2,198,459 | 1,673,016 | 1,395,680 | 1,807,586 | — | — | — | — |
| Loans held for investment | 7,300,591 | 7,439,854 | 7,925,133 | 7,754,751 | — | — | — | — |
| Less: allowance for credit losses on loans | (83,629) | (81,058) | (91,684) | (93,180) | — | — | — | — |
| Loans, net | 7,216,962 | 7,358,796 | 7,833,449 | 7,661,571 | — | — | — | — |
| Accrued interest receivable | 35,869 | 37,884 | 44,244 | 44,743 | — | — | — | — |
| Premises and equipment, net | 106,118 | 111,856 | 118,683 | 126,803 | 58,417 | 61,152 | 50,875 | 51,622 |
| Federal Home Loan Bank stock | — | 8,209 | 25,051 | 15,058 | — | — | — | — |
| Federal Reserve Bank and Federal Home Loan Bank stock | 45,532 | — | — | — | — | — | — | — |
| Bank-owned life insurance | 109,477 | 107,498 | 105,084 | 103,094 | 73,156 | 72,338 | 71,881 | — |
| Operating lease right-to-use assets | — | — | — | — | 11,191,000 | 13,285,000 | 12,926,000 | — |
| Deferred tax assets, net | — | — | — | — | 9,973,000 | 10,700,000 | 7,432,000 | 7,201,000 |
| Repossessed real estate and other assets | — | — | — | — | — | — | — | 12,000 |
| Goodwill | 497,318 | 497,318 | 497,318 | 497,260 | 80,950 | 80,950 | 80,950 | 80,950 |
| Other intangible assets, net of accumulated amortization of $17,345 and $16,607 at December 31, 2021 and 2020, respectively | — | — | — | — | 3,658,000 | 4,171,000 | 4,938,000 | 5,775,000 |
| Bank-owned life insurance | — | — | — | — | — | — | — | 71,525,000 |
| Core deposit intangibles, net | 71,018 | 92,546 | 116,712 | 143,525 | — | — | — | — |
| Other assets | 106,388 | 107,451 | 111,681 | 129,092 | 19,394 | 26,528 | 14,238 | 13,821 |
| TOTAL ASSETS | 10,806,594 | 10,905,790 | 10,647,139 | 10,900,437 | 4,486,001 | 3,949,217 | 3,478,544 | 3,279,096 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||
| LIABILITIES: | ||||||||
| Deposits: | ||||||||
| Noninterest-bearing | 3,407,865 | 3,576,206 | 3,546,815 | 4,230,169 | 1,784,981 | 1,476,425 | 1,184,861 | 1,183,058 |
| Interest-bearing | ||||||||
| Demand | 2,114,997 | 1,845,749 | 1,659,999 | 1,591,828 | — | — | — | — |
| Money market and savings | 2,469,845 | 2,253,193 | 2,136,777 | 2,575,923 | — | — | — | — |
| Certificates and other time | 1,028,759 | 1,453,236 | 1,529,876 | 869,712 | — | — | — | — |
| Total interest-bearing deposits | 5,613,601 | 5,552,178 | 5,326,652 | 5,037,463 | 2,046,303 | 1,825,369 | 1,667,527 | 1,583,224 |
| Total deposits | 9,021,466 | 9,128,384 | 8,873,467 | 9,267,632 | 3,831,284 | 3,301,794 | 2,852,388 | 2,766,282 |
| Federal Home Loan Bank advances | — | — | — | — | 50,000,000 | 50,000,000 | 50,000,000 | — |
| Repurchase agreements | — | — | — | — | — | — | 485,000 | 2,498,000 |
| Junior subordinated debt | — | — | — | — | — | — | — | 1,571,000 |
| Operating lease liabilities | — | — | — | — | 14,142,000 | 16,447,000 | 15,704,000 | — |
| Accrued interest payable | 5,508 | 17,052 | 11,288 | 2,098 | — | — | — | — |
| Borrowed funds | — | 0 | 50,000 | 63,925 | — | — | — | — |
| Subordinated debt | 40,226 | 70,105 | 109,765 | 109,367 | — | — | — | — |
| Other liabilities | 70,740 | 82,389 | 81,601 | 74,239 | 28,450 | 34,525 | 24,246 | 21,120 |
| Total liabilities | 9,137,940 | 9,297,930 | 9,126,121 | 9,517,261 | 3,923,876 | 3,402,766 | 2,942,823 | 2,791,471 |
| SHAREHOLDERS’ EQUITY: | ||||||||
| Preferred stock, $0.01 par value; 10,000,000 shares authorized; no shares issued or outstanding at both December 31, 2025 and 2024 | 0 | 0 | 0 | 0 | — | — | — | — |
| Common stock, $0.01 par value; 140,000,000 shares authorized, 50,902,024 shares issued and outstanding at December 31, 2025 and 53,428,699 shares issued and outstanding at December 31, 2024 | 509 | 534 | 533 | 530 | 253 | 255 | 258 | 258 |
| Capital surplus | 1,174,894 | 1,240,050 | 1,232,627 | 1,222,761 | 335,846 | 339,334 | 346,559 | 344,497 |
| Retained earnings | 566,216 | 492,640 | 405,945 | 303,146 | 237,165 | 214,456 | 201,080 | 160,626 |
| Treasury stock, at cost, 835,828 and 845,988 shares held at December 31, 2021 and 2020, respectively | — | — | — | — | (14,196,000) | (14,369,000) | (14,562,000) | (14,781,000) |
| Accumulated other comprehensive loss | (72,965) | (125,364) | (118,087) | (143,261) | 3,057 | 6,775 | 2,386 | (2,975) |
| Total shareholders’ equity | 1,668,654 | 1,607,860 | 1,521,018 | 1,383,176 | 562,125 | 546,451 | 535,721 | 487,625 |
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | 10,806,594 | 10,905,790 | 10,647,139 | 10,900,437 | 4,486,001 | 3,949,217 | 3,478,544 | 3,279,096 |
| Common stock, shares authorized (in shares) | — | — | — | 140,000,000 | — | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.