Published on 26 Apr 2024 on GuruFocus.com via Yahoo Finance
Stellar Bancorp Inc. (STEL) Q1 2024 Earnings: Aligns with EPS Projections, Slight Miss on ...
Net Income: Reported $26.1 million for Q1 2024, slightly below the estimate of $25.64 million.Earnings Per Share (EPS): Achieved $0.49, surpassing the estimated $0.48.Revenue: Generated $102.1 million in net interest income, falling short of the estimated $107.14 million.Net Interest Margin: Recorded at 4.26% for Q1 2024, showing a decrease from 4.40% in the previous quarter.Regulatory Capital: Total risk-based capital ratio improved to 14.62% from 14.02% at the end of the previous quarter.Cost of Funds: Increased slightly to 2.06% in Q1 2024 from 2.03% in Q4 2023.Asset Quality: Nonperforming assets were 0.53% of total assets, up from 0.37% at the end of the previous quarter.
Warning! GuruFocus has detected 3 Warning Sign with STEL.