Stellar Bancorp, Inc. (NYSE: STEL) announced its third‑quarter 2025 earnings on 24 October 2025, reporting net income of $25.7 million and diluted earnings per share of $0.50, a slight decline from $26.4 million and $0.51 in the second quarter. The company highlighted a $2.3 million increase in net interest income to $100.6 million, raising its net interest margin to 4.20% from 4.18% in Q2, while non‑interest income fell $805 k to $5.0 million and non‑interest expense rose $3.1 million to $73.1 million.
The balance sheet remained solid, with total assets at $10.63 billion and total loans at $7.17 billion, down 2.1% from the prior quarter. Deposits grew to $8.82 billion, up $143.8 million, driven by increases in money‑market and savings deposits. Credit quality held steady, with non‑performing assets at $54.2 million (0.51% of assets) and the allowance for credit losses at 1.10% of loans.
CEO Robert Franklin emphasized that the bank continues to reposition its loan portfolio, reducing exposure to non‑relationship real‑estate commitments and balancing commercial‑industry and real‑estate lending. He noted that the Texas markets remain strong, the bank’s deposit base is growing, and the company is well‑positioned to deepen customer relationships and deliver long-term shareholder value.
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