NYSE$STEL
Stellar Bancorp Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported a decrease in net income and earnings per share due to the uncertain economic environment, while maintaining a strong balance sheet and stable core deposits.
Stellar Bancorp reported a net income of $30.9 million and diluted earnings per share of $0.58 for Q3 2023. The company is focused on maintaining balance sheet strength, asset quality, and stable core deposits amidst economic uncertainty and rising interest rates.
- Net income for Q3 2023 was $30.9 million, with diluted earnings per share of $0.58.
- Total risk-based capital ratio increased to 13.42% as of September 30, 2023.
- Tax equivalent net interest margin was 4.37% for Q3 2023.
- Noninterest-bearing deposit balances remained a significant portion of the deposit funding base at 42.1%.
Headline financials
Revenue & EPS history
Stellar Bancorp · Revenue · Quarterly
$111M
Revenue by segment
Stellar Bancorp · $5.56M total across 5 segments · Q3 2021
- Bank-owned life insurance$2.32M—41.8%
- Service charges on deposit accounts$1.35M—24.3%
- Debit card and interchange income$1.05M—18.8%
- Other noninterest income$479K—8.6%
- (Loss) gain on sale/write-down of assets$360K—6.5%
Forward guidance
Stellar Bancorp's management expressed caution regarding the economic environment and the impact of rising interest rates. The company will focus on building its capital base, managing liquidity, and monitoring credit quality to protect and increase long-term shareholder value.
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 Q3 2023
-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
| Quarter | Report date | Reaction (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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