Stellar Bancorp, headquartered in Houston, Texas, provides commercial banking services including loans and deposits primarily to small and medium-sized businesses and individuals, employing 980 staff. The company operates over 54 banking centers and went public on November 8, 2017.
STEL has been in the news recently: Stellar Bancorp reported a net income of $33.9 million and diluted earnings per share of $0.63 for Q3 2024, indicating strong financial performance. The company also plans to redeem $40 million of its Fixed-to-Floating Rate Subordinated Notes by December 15, 2027, at 100% of the principal plus accrued interest.
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