Stellar Bancorp(US:STEL)2025-10-24 13:00Financial Performance - Total assets increased to $10,628.113 million as of September 30, 2025, from $10,493.010 million as of June 30, 2025[8] - Total deposits increased to $8,817.463 million as of September 30, 2025, from $8,673.614 million as of June 30, 2025[8] - Net interest margin (tax equivalent) was 4.20% for the third quarter of 2025, compared to 4.18% for the second quarter of 2025[8, 12, 20] - Net income for the third quarter of 2025 was $25.7 million, translating to an annualized return on average assets of 0.97%, an annualized return on average equity of 6.30%, and an annualized return on average tangible equity of 11.45%[20] - The total capital ratio (to risk-weighted assets) increased to 16.33% at September 30, 2025, from 15.98% at June 30, 2025[8, 12, 20] Balance Sheet Composition - Noninterest-bearing deposits constituted 36.4% of total deposits as of September 30, 2025[8, 12, 22, 24] - Total loans decreased to $7,167.857 million as of September 30, 2025, from $7,287.347 million as of June 30, 2025[8] - Loans to total deposits ratio was 81.29% as of September 30, 2025, compared to 84.02% as of June 30, 2025[8, 24] Market Position - Stellar Bancorp is ranked 6th in deposit market share for the Houston region[12] - Stellar has over $8.4 billion in deposits in the Houston region[14, 49] Asset Quality - Nonperforming loans to total loans were 0.65% at September 30, 2025, compared to 0.69% as of June 30, 2025[40] - Allowance for credit losses on loans to nonperforming loans was 170.65% at September 30, 2025, compared to 164.67% as of June 30, 2025[40]