Stellar Bancorp: Fourth Quarter Earnings Overview

Stellar Bancorp Reports Fourth Quarter Earnings

Stellar Bancorp, Inc., headquartered in Houston, announced a net income of $26.1 million for the fourth quarter.

The company reported earnings of $0.51 per share during this period.

These results fell short of analysts’ expectations, as a consensus of three analysts polled by Zacks Investment Research had anticipated earnings of $0.53 per share.

Stellar Bancorp generated $149.5 million in total revenue for the quarter. After accounting for interest expenses, net revenue reached $108.9 million, surpassing the $107.8 million forecasted by analysts surveyed by Zacks.

Financial data in this article is sourced from Zacks Investment Research and compiled by Automated Insights.