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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	548.63	537.72	280.38	230.71	225.96	221.36
Interest Income on Investments	55.41	53.1	42.62	22.47	15.8	11.54
Total Interest Income	604.05	590.82	322.99	253.18	241.76	232.91
Interest Paid on Deposits	166.72	128.62	26.96	16.99	31.05	44.96
Interest Paid on Borrowings	21.15	25.44	7.07	7.63	8.03	8.41
Total Interest Expense	187.87	154.06	34.04	24.62	39.08	53.37
Net Interest Income	416.18	436.76	288.96	228.56	202.68	179.54
Net Interest Income Growth (YoY)	3.94%	51.15%	26.42%	12.77%	12.89%	39.63%
Gain (Loss) on Sale of Assets	0.65	0.39	4.05	-0.27	0.29	-
Gain (Loss) on Sale of Investments	-	-	-	-	-	1.46
Other Non-Interest Income	17.56	19.41	13.45	7.16	6.34	10.47
Total Non-Interest Income	23.29	24.56	20.35	8.56	8.16	13.42
Non-Interest Income Growth (YoY)	-12.48%	20.67%	137.72%	4.98%	-39.24%	74.03%
Revenues Before Loan Losses	439.47	461.32	309.31	237.13	210.84	192.96
Provision for Loan Losses	5.53	8.94	50.71	-2.32	27.37	5.94
Revenue	433.95	452.38	258.6	239.45	183.47	187.02
Revenue Growth (YoY)	15.82%	74.93%	8.00%	30.51%	-1.90%	41.64%
Salaries and Employee Benefits	150.24	147.09	98.4	86.02	76.59	74.28
Occupancy Expenses	17.75	17.16	10.27	9.97	8.4	7.82
Federal Deposit Insurance	11.14	11.03	4.91	3.41	2.93	1.71
Amortization of Goodwill & Intangibles	25.55	26.88	9.3	3.3	3.92	4.71
Selling, General & Administrative	54.21	51.2	33.35	22.57	20.92	20.87
Other Non-Interest Expense	25.94	21.57	15.7	12.28	9.58	9.31
Total Non-Interest Expense	284.82	274.94	171.94	137.54	127.49	119.31
EBT Excluding Unusual Items	149.13	177.44	86.66	101.91	55.97	67.71
Pretax Income	142.63	161.88	62.52	99.89	55.97	66.39
Income Tax Expense	28.56	31.39	11.09	18.34	10.44	13.43
Net Income	114.07	130.5	51.43	81.55	45.53	52.96
Net Income to Common	114.07	130.5	51.43	81.55	45.53	52.96
Net Income Growth	28.66%	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)	13.49%	52.29%	21.25%	-0.93%	36.03%	35.83%
EPS (Basic)	2.14	2.45	1.48	2.85	1.57	2.50
EPS (Diluted)	2.13	2.45	1.47	2.82	1.56	2.47
EPS Growth	13.11%	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	6.12%	20.93%	-10.42%	20.00%	-	-
Effective Tax Rate	20.02%	19.39%	17.74%	18.36%	18.65%	20.23%

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