Stellar Bancorp up in first earnings report post merger

STEL Holdings

28/10/2022 18:25

** Shares of Stellar Bancorp Inc  STEL.O  rise nearly ~3% to
$31.23 on the back of strong net interest income growth in Q3
    ** STEL is a Texas-based community bank formed in October by
a merger of equals between CBTX Inc and Allegiance Bancshares
Inc
    ** CBTX and Allegiance report 16% and 4% jump in Q3 net
interest income, respectively  urn:newsml:reuters.com:*:nTUABQJTSX
    ** Bank sees room for further growth in NII as the U.S.
Federal reserve hikes interest rates
    ** YTD, the stock has grown ~6%, including session moves
 (Reporting by Anirban Chakroborti in Bengaluru)
 ((Anirban.Chakroborti@thomsonreuters.com;))