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 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||||||||
| Net income | — | — | — | — | 35,598,000 | 26,361,000 | 50,517,000 | 47,289,000 |
| Net income | 102,872 | 115,003 | 130,497 | 51,432 | — | — | — | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||
| Provision (recapture) for loan losses | — | — | — | — | — | — | — | (1,756,000) |
| Provision (recapture) for credit losses | — | — | — | — | (10,773,000) | 18,892,000 | 2,385,000 | — |
| Depreciation expense | — | — | — | — | 3,466,000 | 3,238,000 | 3,203,000 | 3,309,000 |
| Amortization of intangibles | — | — | — | — | 738,000 | 846,000 | 894,000 | 985,000 |
| Amortization of premiums on securities | — | — | — | — | 1,580,000 | 1,836,000 | 1,194,000 | 1,091,000 |
| Amortization of lease right-to-use assets | — | — | — | — | 1,477,000 | 1,517,000 | 1,343,000 | — |
| Accretion of lease liabilities | — | — | — | — | 384,000 | 464,000 | 534,000 | — |
| 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 | 1,716 | (3,625) | (1,657) | (734) |
| Net realized gains on debt securities | — | — | — | — | — | — | — | (54,000) |
| Net gain on sales of assets | — | — | — | — | (1,828,000) | (755,000) | (652,000) | (660,000) |
| Net (earnings) loss on securities | — | — | — | — | 21,000 | (46,000) | (18,000) | — |
| Insurance reimbursements | — | — | — | — | — | — | — | (287,000) |
| Loans held for sale | — | — | — | — | 4,128,000 | (494,000) | (1,185,000) | 1,921,000 |
| Other assets | — | — | — | — | 7,648,000 | (11,842,000) | 81,000 | 994,000 |
| Operating lease liabilities | — | — | — | — | (2,689,000) | — | — | — |
| Other liabilities | — | — | — | — | (5,988,000) | 6,502,000 | 3,955,000 | (2,563,000) |
| Total adjustments | — | — | — | — | (787,000) | 14,000,000 | 5,573,000 | 2,032,000 |
| Stock-based compensation expense | 9,151 | 10,764 | 9,945 | 9,042 | 2,821 | 1,935 | 2,402 | 1,601 |
| 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) | (3,488) | (2,422) | (5,011) | (1,815) |
| 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 | 34,811 | 40,361 | 56,090 | 49,321 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||||
| Purchase of available for sale securities | (6,387,203) | (5,536,678) | (4,093,405) | (2,445,525) | (858,374) | (677,813) | (651,908) | (495,870) |
| Proceeds from sales, calls and maturities of securities | — | — | — | — | 603,690,000 | 603,965,000 | 625,550,000 | — |
| Principal repayments of securities | — | — | — | — | 60,611,000 | 71,606,000 | 30,726,000 | — |
| Net increase in loans | — | — | — | — | — | (292,724,000) | (226,817,000) | — |
| Net decrease in loans | — | — | — | — | 116,976,000 | 125,000 | 31,868,000 | — |
| Purchases of loan participations | — | — | — | — | — | — | (2,314,000) | — |
| Purchases of loans | — | — | — | — | (81,438,000) | — | — | — |
| Net sale of loan participations | — | — | — | — | 11,446,000 | — | — | — |
| Proceeds from sales of Small Business Administration loans | — | — | — | — | 10,179,000 | 3,976,000 | 4,423,000 | 1,972,000 |
| Net return of capital (contributions) to equity investments | — | — | — | — | 925,000 | (1,942,000) | (3,684,000) | (800,000) |
| Redemptions of bank-owned life insurance | — | — | — | — | 2,670,000 | 1,965,000 | 4,655,000 | (1,700,000) |
| Net purchases of premises and equipment | — | — | — | — | (756,000) | (13,565,000) | (2,488,000) | (1,293,000) |
| Proceeds from sales of repossessed real estate and other assets | — | — | — | — | 112,000 | — | 141,000 | 1,054,000 |
| Net decrease in time deposits in other banks | — | — | — | — | — | — | — | 600,000 |
| Proceeds from insurance claims | — | — | — | — | — | — | 108,000 | 287,000 |
| Proceeds from maturities and principal paydowns of available for sale securities | 5,794,483 | 5,237,440 | 4,137,330 | 2,351,865 | — | — | — | 462,842 |
| Principal repayments of debt securities | — | — | — | — | — | — | — | 21,962,000 |
| 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) | — | — | — | (147,416) |
| Sales of loan participations | — | — | — | — | — | — | — | 45,921,000 |
| Purchases of loan participations | — | — | — | — | — | — | — | (35,281,000) |
| 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 | (133,959) | (304,407) | (189,740) | (147,722) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||||||||
| Net (decrease) increase in noninterest-bearing deposits | (168,341) | 29,391 | (683,354) | 206,611 | 308,556 | 291,564 | 1,803 | 73,269 |
| Net increase in interest-bearing deposits | 61,423 | 225,526 | 289,189 | (710,335) | 220,934 | 157,842 | 84,303 | 90,041 |
| Net increase in Federal Home Loan Bank advances | — | — | — | — | — | — | 50,000,000 | — |
| Net decrease in securities sold under agreements to repurchase | — | — | — | — | — | (485,000) | (2,013,000) | 973,000 |
| Redemption of trust preferred securities | — | — | — | — | — | — | (1,571,000) | (5,155,000) |
| Dividends paid to common shareholders | (29,296) | (28,308) | (27,698) | (15,378) | (12,065) | (9,962) | (8,757) | (4,979) |
| Payments to tax authorities for stock-based compensation | — | — | — | — | (428,000) | (198,000) | (239,000) | (171,000) |
| Proceeds from exercise of stock options | — | — | — | — | 115,000 | 133,000 | 121,000 | 294,000 |
| 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) | (5,825) | (8,905) | (3) | — |
| Net cash (used in) provided by financing activities | (240,546) | 133,269 | (435,939) | (568,630) | 511,287 | 429,989 | 123,644 | 154,272 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | — | — | — | — | 412,139,000 | 165,943,000 | (10,006,000) | 55,871,000 |
| 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 | 538,007 | 372,064 | 382,070 | 326,199 |
| CASH AND CASH EQUIVALENTS, END OF PERIOD | 419,453 | 911,216 | 399,237 | 371,705 | 950,146 | 538,007 | 372,064 | 382,070 |
| 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 | — | (2,046) | (1,895) | — |
| 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.