STEL

MKT CAP:$2B

Stellar Bancorp, Inc.

Market Cap

$2B

Financial Services·Banks - Regional·🇺🇸 United States·NYSE

Financials·Banks - Regional·🇺🇸·NYSE

Stock Price

$37.28+$6.52 (+21.20%)

Apr 24, 2026

Company Details

Stellar Bancorp, Inc. operates as the bank holding company that provides a range of commercial banking services primarily to small and medium-sized businesses, professionals, and individual customers. It accepts deposit products, including ...

CEO

Robert R. Franklin Jr.

IPO Date

Nov 8, 2017

Website

ir.stellarbancorpinc.com

Key Metrics TTM

Revenue

$596M

-4.7% YoY

Net Income

$103M

EPS (Diluted)

$1.98

Free Cash Flow

$95M

Revenue / Share

$11.66

Gross Margin

69.3%

Operating Margin

21.4%

Net Margin

17.3%

FCF Margin

15.9%

P/S

3.2x

P/E

18.4x

Earnings Reports

FY 2025

Feb 26, 2026

$596M-4.7%EPS $1.99

Q4 2025

Feb 26, 2026

$150M-3.6%EPS $0.51

Q3 2025

Oct 24, 2025

$150M-4.9%EPS $0.50

Q2 2025

Jul 25, 2025

$148M-5.8%EPS $0.51

Q1 2025

Apr 25, 2025

$148M-4.5%EPS $0.46

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$64M	$57M	$23M
Q2 22	$66M	$58M	$20M
Q3 22	$71M	$62M	$18M
Q4 22	$217M	$138M	$19M
Q1 23	$148M	$120M	$47M
Q2 23	$152M	$112M	$43M
Q3 23	$156M	$109M	$38M
Q4 23	$159M	$112M	$34M
Q1 24	$155M	$104M	$33M
Q2 24	$158M	$109M	$38M
Q3 24	$158M	$114M	$43M
Q4 24	$155M	$107M	$32M
Q1 25	$148M	$101M	$31M
Q2 25	$148M	$103M	$33M
Q3 25	$150M	$105M	$32M
Q4 25	$150M	$104M	$32M

Valuation

Quarter	P/S	P/E
Q1 22	10.9x	42.8x
Q2 22	9.3x	38.7x
Q3 22	8.0x	38.8x
Q4 22	4.5x	28.8x
Q1 23	3.8x	22.5x
Q2 23	3.2x	18.4x
Q3 23	2.8x	15.8x
Q4 23	3.1x	14.5x
Q1 24	3.0x	15.9x
Q2 24	3.0x	16.6x
Q3 24	3.0x	16.2x
Q4 24	3.0x	16.5x
Q1 25	3.1x	16.7x
Q2 25	3.1x	17.2x
Q3 25	3.1x	18.6x
Q4 25	3.2x	18.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$16M	$16M
Q2 22	$25M	$25M
Q3 22	$33M	$33M
Q4 22	$70M	$67M
Q1 23	$49M	$48M
Q2 23	$49M	$48M
Q3 23	$39M	$36M
Q4 23	$31M	$30M
Q1 24	$31M	$31M
Q2 24	$38M	$37M
Q3 24	$60M	$58M
Q4 24	$4M	$3M
Q1 25	-$6M	-$6M
Q2 25	$26M	$27M
Q3 25	$64M	$63M
Q4 25	$13M	$12M

Capital Expenditures

Quarter	CapEx
Q1 22	$184.0K
Q2 22	$211.0K
Q3 22	$273.0K
Q4 22	$3M
Q1 23	$1M
Q2 23	$1M
Q3 23	$3M
Q4 23	$1M
Q1 24	$564.0K
Q2 24	$988.0K
Q3 24	$2M
Q4 24	$1M
Q1 25	$770.0K
Q2 25	$770.0K
Q3 25	$770.0K
Q4 25	$1M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+72.1%	+66.7%
Q2 22	+84.8%	+115.5%
Q3 22	+87.3%	+159.4%
Q4 22	+504.9%	+472.5%
Q1 23	+130.0%	+143.2%
Q2 23	+132.6%	+141.8%
Q3 23	+120.0%	+121.1%
Q4 23	-26.7%	-36.8%
Q1 24	+4.6%	+20.8%
Q2 24	+3.4%	+9.3%
Q3 24	+1.4%	-1.9%
Q4 24	-2.5%	-1.6%
Q1 25	-4.5%	-4.1%
Q2 25	-5.8%	-3.8%
Q3 25	-4.9%	+2.5%
Q4 25	-3.6%	-4.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$959.0K	1.5%
Q2 22	$931.0K	1.4%
Q3 22	$969.0K	1.4%
Q4 22	$8M	3.5%
Q1 23	$3M	1.7%
Q2 23	$3M	1.9%
Q3 23	$3M	1.8%
Q4 23	$2M	1.1%
Q1 24	$3M	1.8%
Q2 24	$3M	1.8%
Q3 24	$3M	1.9%
Q4 24	$2M	1.4%
Q1 25	$2M	1.3%
Q2 25	$3M	1.7%
Q3 25	$3M	1.7%
Q4 25	$2M	1.4%

OpEx Breakdown

Quarter	G&A	S&M
Q1 22	$24M	$462.0K
Q2 22	$23M	$483.0K
Q3 22	$23M	$385.0K
Q4 22	$58M	$1M
Q1 23	$41M	$839.0K
Q2 23	$40M	$907.0K
Q3 23	$41M	$877.0K
Q4 23	$46M	$1M
Q1 24	$43M	$765.0K
Q2 24	$41M	$891.0K
Q3 24	$43M	$878.0K
Q4 24	$45M	$2M
Q1 25	$44M	$782.0K
Q2 25	$1M	$1M
Q3 25	$56M	$1M
Q4 25	$48M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$771M	$265M	$1.0B
Q2 22	$484M	$255M	$739M
Q3 22	$370M	$242M	$613M
Q4 22	$372M	$1.8B	$2.2B
Q1 23	$263M	$1.5B	$1.8B
Q2 23	$304M	$1.5B	$1.8B
Q3 23	$302M	$1.4B	$1.7B
Q4 23	$399M	$1.4B	$1.8B
Q1 24	$400M	$1.5B	$1.9B
Q2 24	$490M	$1.6B	$2.1B
Q3 24	$516M	$1.7B	$2.2B
Q4 24	$911M	$1.2B	$2.1B
Q1 25	$561M	$1.2B	$1.7B
Q2 25	$578M	$1.2B	$1.8B
Q3 25	$728M	$1.8B	$2.6B
Q4 25	$419M	$1.8B	$2.2B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	25M	+0.1%	-0.0%
Q2 22	25M	-0.0%	+0.1%
Q3 22	24M	-0.5%	-0.3%
Q4 22	35M	+43.1%	+42.4%
Q1 23	53M	+51.8%	+116.0%
Q2 23	53M	+0.4%	+117.0%
Q3 23	53M	+0.0%	+118.2%
Q4 23	53M	-0.0%	+52.4%
Q1 24	53M	+0.1%	+0.5%
Q2 24	54M	+0.4%	+0.4%
Q3 24	54M	-0.1%	+0.4%
Q4 24	54M	0.0%	+0.4%
Q1 25	53M	-0.7%	-0.4%
Q2 25	52M	-3.1%	-3.8%
Q3 25	51M	-0.4%	-4.2%
Q4 25	51M	-0.4%	-4.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q4 22	$211.8K	1K
Q1 23	$144.3K	1K
Q2 23	$148.7K	1K
Q3 23	$152.2K	1K
Q4 23	$162.3K	980
Q1 24	$157.9K	980
Q2 24	$160.8K	980
Q3 24	$161.3K	980
Q4 24	$151.6K	1K
Q1 25	$144.5K	1K
Q2 25	$145.2K	1K
Q3 25	$147.0K	1K
Q4 25	$142.0K	1K

Revenue / Employee