Stellar Bancorp, Inc. (STEL)

Stellar Bancorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	542.06	537.72	280.38	230.71	225.96	221.36
Interest Income on Investments	62.5	53.1	42.62	22.47	15.8	11.54
Total Interest Income	604.55	590.82	322.99	253.18	241.76	232.91
Interest Paid on Deposits	177.39	128.62	26.96	16.99	31.05	44.96
Interest Paid on Borrowings	16.2	25.44	7.07	7.63	8.03	8.41
Total Interest Expense	193.59	154.06	34.04	24.62	39.08	53.37
Net Interest Income	410.97	436.76	288.96	228.56	202.68	179.54
Net Interest Income Growth (YoY)	-7.95%	51.15%	26.42%	12.77%	12.89%	39.63%
Gain (Loss) on Sale of Assets	1.08	0.39	4.05	-0.27	0.29	-
Gain (Loss) on Sale of Investments	-	-	-	-	-	1.46
Other Non-Interest Income	18.76	19.41	13.45	7.16	6.34	10.47
Total Non-Interest Income	24.9	24.56	20.35	8.56	8.16	13.42
Non-Interest Income Growth (YoY)	-12.05%	20.67%	137.72%	4.98%	-39.24%	74.03%
Revenues Before Loan Losses	435.87	461.32	309.31	237.13	210.84	192.96
Provision for Loan Losses	-2.78	8.94	50.71	-2.32	27.37	5.94
Revenue	438.64	452.38	258.6	239.45	183.47	187.02
Revenue Growth (YoY)	3.93%	74.93%	8.00%	30.51%	-1.90%	41.64%
Salaries and Employee Benefits	151.69	147.09	98.4	86.02	76.59	74.28
Occupancy Expenses	17.98	17.16	10.27	9.97	8.4	7.82
Federal Deposit Insurance	11.1	11.03	4.91	3.41	2.93	1.71
Amortization of Goodwill & Intangibles	24.89	26.88	9.3	3.3	3.92	4.71
Selling, General & Administrative	56.03	51.2	33.35	22.57	20.92	20.87
Other Non-Interest Expense	26.88	21.57	15.7	12.28	9.58	9.31
Total Non-Interest Expense	288.56	274.94	171.94	137.54	127.49	119.31
EBT Excluding Unusual Items	150.08	177.44	86.66	101.91	55.97	67.71
Pretax Income	147.01	161.88	62.52	99.89	55.97	66.39
Income Tax Expense	29.95	31.39	11.09	18.34	10.44	13.43
Net Income	117.06	130.5	51.43	81.55	45.53	52.96
Net Income to Common	117.06	130.5	51.43	81.55	45.53	52.96
Net Income Growth	11.18%	153.73%	-36.93%	79.10%	-14.02%	41.95%
Basic Shares Outstanding	53	53	35	29	29	21
Diluted Shares Outstanding	53	53	35	29	29	21
Shares Change (YoY)	0.34%	52.29%	21.25%	-0.93%	36.03%	35.83%
EPS (Basic)	2.19	2.45	1.48	2.85	1.57	2.50
EPS (Diluted)	2.19	2.45	1.47	2.82	1.56	2.47
EPS Growth	10.73%	66.67%	-47.87%	80.77%	-36.84%	4.22%
Dividend Per Share	0.520	0.520	0.430	0.480	0.400	-
Dividend Growth	0%	20.93%	-10.42%	20.00%	-	-
Effective Tax Rate	20.37%	19.39%	17.74%	18.36%	18.65%	20.23%

Source: S&P Capital IQ. Banks template. Financial Sources.