Stellar Bancorp's Q2 net income rises

Stellar Bancorp

25/07/2025 12:10

Overview

Stellar Bancorp Q2 net income rises to $26.4 mln from $24.7 mln in Q1

Diluted EPS for Q2 2025 increases to $0.51 from $0.46 in Q1

Company repurchased 791,000 shares at an average price of $26.08

Outlook

Stellar Bancorp expects loan and deposit growth for the rest of 2025

Company anticipates benefits from spending bill for Houston economy

Stellar Bancorp aims to gain market share in Texas markets

Result Drivers

LOAN ORIGINATIONS - Progress in loan originations following elevated payoff activity contributed to Q2 results, per CEO Franklin

DEPOSIT GROWTH - Increase in deposits driven by demand and money market accounts, offsetting declines in certificates and other time deposits

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.51
Q2 Net Income
$26.35 mln
Q2 Net Interest Income
$98.3 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Stellar Bancorp Inc is $28.00, about 12.6% below its July 24 closing price of $31.53

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nBw8rNlpya

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)