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Stellar Bancorp Reports Strong Earnings Despite Challenges

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Stellar Bancorp Reports Strong Earnings Despite Challenges

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Stellar Bancorp ( (STEL) ) just unveiled an announcement.

Stellar Bancorp, Inc. reported a net income of $27.8 million for the fourth quarter of 2024, and $117.6 million for the full year, reflecting strong profitability and a solid financial foundation. The company experienced a slight decline in net interest margin and net interest income compared to the previous year but maintained a strong capital position with increased book value and reduced nonperforming loans. Stellar’s management is focused on growth and core fundamentals heading into 2025, while also acknowledging challenges such as decreased noninterest income and increased competition in the deposit market.

More about Stellar Bancorp

YTD Price Performance: 3.02%

Average Trading Volume: 180,848

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $1.53B

Find detailed analytics on STEL stock on TipRanks’ Stock Analysis page.

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