NYSE$STEL

Stellar Bancorp Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Net income increased due to improved credit conditions and economic forecasts.

CBTX, Inc. reported a net income of $11.7 million, or $0.48 per diluted share, for the second quarter of 2021, compared to $2.2 million, or $0.09 per diluted share, for the second quarter of 2020. The results reflect a transition from a COVID dominated economy to a more robust, growth economy.

  • Net income was $11.7 million for the second quarter of 2021, or $0.48 per diluted share.
  • Recapture of allowance for credit losses of $5.1 million due to improvements in the national economy and forward-looking national economic forecasts.
  • Net interest margin on a tax equivalent basis decreased to 3.29% for the second quarter of 2021.
  • Cash and equivalents increased $183.7 million to $788.4 million during the second quarter of 2021.

Headline financials

Total Revenue

$34.5M

Previous: $35.1M-1.6%
EPS (adj)

$0.48

Previous: $0.09+433.3%
Net interest margin (tax equivalent)

3.3%

Previous: 3.7%-10.6%
Efficiency ratio

73.0%

No prior period
Nonperforming assets to total assets

0.5%

No prior period
Estimated Total capital ratio

17.7%

Previous: 16.6%+7.0%
Estimated Tier 1 leverage (to average tangible assets)

11.6%

Previous: 12.0%-2.8%
Free Cash Flow

$11.7M

Previous: $2.16M+441.1%
Net Income

$11.7M

Previous: $2.16M+441.1%
Operating Income

$4.47M

Previous: $1.83M+144.1%
Gross Profit

$29.4M

Previous: $25.2M+16.8%
Cash & Equivalents

$788M

Previous: $492M+60.1%
Total Assets

$4.07B

Previous: $3.9B+4.2%
Stock-Based Comp

$574K

Previous: $552K+4.0%

Revenue & EPS history

Stellar Bancorp · Revenue · Quarterly

$34.5M

Q2 2021-1.6%vs Q2 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Stellar Bancorp · $5.56M total across 5 segments · Q3 2021

  • Bank-owned life insurance
    $2.32M
  • Service charges on deposit accounts
    $1.35M
  • Debit card and interchange income
    $1.05M
  • Other noninterest income
    $479K
  • (Loss) gain on sale/write-down of assets
    $360K

Forward guidance

Company expects to continue to see new and improved activity through the third and fourth quarter.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

-0.2%

Avg return

Earnings day

-0.2%

Avg return

5 days after

+2.1%

Avg return

30 days after

49%

20 / 41 earnings

Positive

+11.4%

Q4 2025

Best reaction

-9.6%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.9%-0.2%-0.2%
Q4 2025+11.4%+14.7%+15.4%
Q3 2025+0.8%-0.4%+6.7%
Q1 2025-4.6%-7.6%-1.0%
Q4 2024-0.8%+3.0%+1.4%
Q3 2024+5.9%+6.1%+18.2%
Q2 2024-0.2%-0.4%-2.1%
Q1 2024-6.9%-4.5%-4.1%
Q4 2023+0.6%-5.7%-9.4%
Q3 2023-3.4%-1.8%+6.8%
Q2 2023-2.4%-6.4%-18.0%
Q1 2023+4.8%+0.2%+8.0%
Q4 2022-9.6%-1.7%+2.9%
Q3 2022+4.5%+11.7%+11.4%
Q2 2022+3.3%+1.8%+2.3%
Q1 2022-2.3%-4.0%-8.9%
Q4 2021+2.1%+3.3%+8.3%
Q3 2021-0.9%+1.1%+6.6%
Q2 2021+3.0%-4.9%+1.7%
Q1 2021-0.9%+0.7%+0.7%
Q4 2020+2.2%+3.1%+7.8%
Q3 2020-2.8%-2.5%+16.5%
Q2 2020-2.3%-6.2%-4.6%
Q4 2019-9.2%-10.2%+5.3%
Q1 2020-8.4%-8.0%+2.6%
Q3 2019-2.4%-1.2%+1.2%
Q2 2019+2.6%+4.1%-9.5%
Q1 2019+0.4%+1.6%-2.4%
Q4 2018+0.1%-0.2%-3.6%
Q3 2018+0.3%-0.3%+4.7%
Q2 2018+3.3%+3.9%+0.8%
Q1 2017+0.3%-0.0%+2.1%
Q1 2018-1.1%-0.7%-1.5%
Q4 2015+1.5%+0.6%+2.0%
Q2 2016+1.5%+0.6%+2.0%
Q1 2016+1.5%+0.6%+2.0%
Q2 2017+1.5%+0.6%+2.0%
Q4 2017-0.2%-2.7%-3.6%
Q3 2016-0.6%+1.5%+5.4%
Q3 2017-0.6%+1.5%+5.4%
Q4 2016-0.6%+1.5%+5.4%

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