Short answer
Stellar Bancorp, Inc. (STEL) filed its fiscal 2025 10-K annual report with the SEC on Feb 26, 2026. It reported revenue of $6M (−2.3% year over year) and net income of $103M.
- Top risk flagged: Merger regulatory risk: requires approvals from Federal Reserve, FDIC, Texas Department of Banking for 2026 Q2 closing
FY2025 key financial metrics · XBRL
- Revenue
- $6M
- −2.3% YoY
- Net income
- $103M
- −10.5% YoY
- EPS (diluted)
- $1.99
- −7.4% YoY
- ROE
- 6.2%
- −1.0 pp YoY
- Operating cash flow
- $97M
- −26.9% YoY
Source: XBRL data from the Stellar Bancorp, Inc. (STEL) FY2025 10-K on SEC EDGAR. USD.
Stellar Bancorp, Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Community banking and financial services with focus on retail and commercial banking
- New $65 million common stock repurchase program authorized in April 2025 through May 2026
- Completed merger with Allegiance Bancshares, Inc. October 2022, forming Stellar Bancorp, Inc. under CBTX
- Repurchased 299,347 shares at $30.44 average price in Q4 2025, shares retired
- Total shareholder return up to $133.67 from $100 invested in 2020 through 2025 per performance graph
Management Discussion & Analysis
- Revenue: Net interest income $401.6M, down $6.4M (1.6%) YoY; noninterest income $21.8M, down $1.3M (5.4%) YoY; total net income $102.9M, down $12.1M (10.5%) YoY
- Profitability: Return on average equity 6.34% vs 7.34%; return on average assets 0.97% vs 1.08%; efficiency ratio 62.28% vs 61.53% (all 2025 vs 2024)
- Segment performance: Commercial and industrial loans grew 8.4% to $1.48B (best); commercial real estate loans declined 2.6% to $3.77B (worst)
- Capital allocation: Income tax expense decreased to $24.9M from $30.0M; no specific buyback/dividend/capex amounts disclosed in provided data
- Outlook/risks: Management highlights loan portfolio credit risk due to increased nonperforming loans and provision for credit losses rising to $10.2M from a $2.9M reversal in prior year
Risk Factors
- Merger regulatory risk: requires approvals from Federal Reserve, FDIC, Texas Department of Banking for 2026 Q2 closing
- Macroeconomic risk: exposure to Texas economy sectors, incl. real estate, energy, impacting loan portfolio quality
- Credit loss allowance sensitivity: 5% increase in qualitative risk factors would raise reserves by $2.9 million
- Competitive disruption: pending merger with Prosperity Bancshares may face shareholder dissent or alternative bids
- Financial risk: $78 million termination fee payable if merger not completed by January 27, 2027, unless extended
Generated from the filing text; verify against the original. How to read a 10-K
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