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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.