Stellar Bancorp reports Q4 EPS 51c, consensus 55c

Reports Q4 book value per share $28.54. Reports Q4 CET1 capital ratio 11.77%. Reports Q4 net charge-offs .13%. “We are pleased to announce our full-year and fourth quarter results, capping a successful year despite industry challenges and economic uncertainty,” said Robert Franklin, Stellar’s CEO. “We maintained our focus on capital, liquidity, and credit to protect shareholder value in a year of rapidly rising interest rates and large bank failures, all while setting the foundation of a new organization following our combination in late 2022. Our staff has done a great job in combining two banks and we are poised to refine what we have built. The success of our team’s efforts during the year is reflected by our maintaining a solid net interest margin, a strong deposit base, our credit quality and ability to build capital,” he continued. “