Stellar Bancorp reports Q1 EPS 46c, consensus 44c

Reports Q1 tangible book value per share $19.69. Reports Q1 CET1 capital ratio 14.03%. “We are pleased with the great work our team is doing as we turn our efforts from building our foundation to growing our bank,” said Robert Franklin, Jr., Stellar’s CEO. “We are seeing our pipelines build while experiencing payoffs as commercial real estate is sold or refinanced. This follows our expectations as interest rates begin to stabilize and we stabilize our position under regulatory guidance,” Franklin continued.