Stellar Bancorp, Inc. - Understand $stel stock

$STEL Market Cap: $1.669 Billion

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Financial Snapshot

Revenue

$4.840M

TTM

Gross Margin

Net Earnings

$117.1M

TTM

Current Assets

Current Liabilities

$16.92M

Q3 2024

Current Ratio

Total Assets

$10.63B

Q3 2024

Total Liabilities

$9.004B

Q3 2024

Book Value

$1.626B

Q3 2024

Cash

$516.2M

Q3 2024

P/E

14.26

Nov 29, 2024 EST

Free Cash Flow

$155.4M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Revenue	$590.8M	$323.0M	$132.1M	$138.7M	$153.4M	$135.8M
YoY Change	82.92%	144.52%	-4.76%	-9.58%	12.99%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018
Revenue	$590.8M	$323.0M	$132.1M	$138.7M	$153.4M	$135.8M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$7.600M	$5.000M	$3.500M	$3.200M	$3.200M	$3.300M	$4.430M	$4.430M	$4.940M
YoY Change	52.0%	42.86%	9.38%	0.0%	-3.03%	-25.51%	0.0%	-10.32%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018
Interest Expense	$154.1M	$34.04M	$5.926M	$10.09M	$17.41M	$11.10M
YoY Change	352.63%	474.35%	-41.25%	-42.05%	56.85%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Pretax Income	$161.9M	$62.52M	$45.52M	$32.40M	$62.09M	$58.65M	$44.00M	$39.20M	$34.90M
YoY Change	158.91%	37.36%	40.51%	-47.82%	5.86%	33.3%	12.24%	12.32%	4.8%
Income Tax	$31.39M	$11.09M	$9.920M	$6.034M	$11.57M	$11.36M	$12.60M	$12.00M	$10.80M
% Of Pretax Income	19.39%	17.74%	21.79%	18.63%	18.64%	19.37%	28.64%	30.61%	30.95%
Net Earnings	$130.5M	$51.43M	$35.60M	$26.36M	$50.52M	$47.29M	$27.60M	$27.20M	$24.10M
YoY Change	153.73%	44.48%	35.04%	-47.82%	6.83%	71.34%	1.47%	12.86%	5.7%
Net Earnings / Revenue	22.09%	15.92%	26.95%	19.01%	32.93%	34.83%
Basic Earnings Per Share	$2.45	$1.48	$1.46	$1.06	$2.03	$1.90
Diluted Earnings Per Share	$2.45	$1.47	$1.45	$1.06	$2.02	$1.89	$1.221M	$1.225M	$1.062M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$118.7M	$127.0M	$69.60M	$74.40M	$63.80M	$51.60M	$53.60M	$57.50M	$60.90M
YoY Change	-6.55%	82.47%	-6.45%	16.61%	23.64%	-3.73%	-6.78%	-5.58%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets			$10.00M	$10.70M	$7.400M	$7.200M	$5.800M	$9.000M	$8.400M
YoY Change			-6.54%	44.59%	2.78%	24.14%	-35.56%	7.14%
Total Long-Term Assets
YoY Change
Total Assets	$10.65B	$10.90B	$4.486B	$3.949B	$3.479B	$3.279B	$3.081B	$2.952B	$2.883B
YoY Change
Accounts Payable	$11.29M	$2.000M
YoY Change	464.4%
Accrued Expenses	$20.66M	$23.00M	$14.10M	$16.40M	$15.70M
YoY Change	-10.18%	63.12%	-14.02%	4.46%
Deferred Revenue
YoY Change
Short-Term Debt				$0.00	$0.00	$2.000M	$2.000M	$2.000M	$2.000M
YoY Change					-100.0%	0.0%	0.0%	0.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$11.29M	$25.00M	$14.00M	$16.00M	$16.00M	$2.000M	$2.000M	$2.000M	$2.000M
YoY Change	-54.85%	78.57%	-12.5%	0.0%	700.0%	0.0%	0.0%	0.0%
Long-Term Debt	$159.8M	$173.0M	$0.00	$0.00	$0.00	$1.600M	$6.700M	$34.40M	$37.70M
YoY Change	-7.65%				-100.0%	-76.12%	-80.52%	-8.75%
Other Long-Term Liabilities	$81.60M	$51.00M	$28.50M	$34.50M	$24.20M	$21.10M	$23.60M	$16.40M	$15.10M
YoY Change	60.0%	78.95%	-17.39%	42.56%	14.69%	-10.59%	43.9%	8.61%
Total Long-Term Liabilities	$241.4M	$224.0M	$28.50M	$34.50M	$24.20M	$22.70M	$30.30M	$50.80M	$52.80M
YoY Change	7.75%	685.96%	-17.39%	42.56%	6.61%	-25.08%	-40.35%	-3.79%
Total Liabilities	$9.126B	$9.517B	$3.924B	$3.403B	$2.943B	$2.792B	$2.635B	$2.594B	$2.538B
YoY Change	-4.11%	142.54%	15.31%	15.63%	5.42%	5.94%	1.58%	2.19%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017
Basic Shares Outstanding	53.23M shares	34.74M shares	24.46M	24.76M	24.93M	24.86M	22.46M
Diluted Shares Outstanding	53.31M shares	35.01M shares	24.57M	24.80M	25.05M	25.02M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.6694 Billion

About Stellar Bancorp, Inc.

Stellar Bancorp, Inc. operates a holding company that provides commercial banking services such as personal and commercial banking, real estate loans, and investment services, as well as offers deposits, debit and credit cards, cash management, treasury, and online banking services primarily to small and medium-sized businesses, professionals, and individual customers. The company is headquartered in Houston, Texas and currently employs 1,040 full-time employees. The company went IPO on 2017-11-08. Through its wholly owned subsidiary, Stellar Bank (the Bank), the Company provides a diversified range of commercial banking services primarily to small-to-medium-sized businesses, professionals and individual customers within its markets. The firm offers a range of commercial and retail lending services, including commercial loans, loans to small businesses guaranteed by the small business administration (the SBA), mortgage loans, home equity loans, personal loans and automobile loans, among others. The types of deposit accounts that the Company offers are typical of most commercial banks and consist of checking accounts, commercial accounts, money market accounts, savings accounts and other time deposits of various types and terms. The firm operates over 54 full-service banking centers, with 37 banking centers in the Houston region, 16 banking centers in the Beaumont region and one banking center in Dallas, Texas.

Industry: National Commercial Banks Peers: BYLINE BANCORP, INC. COMMUNITY TRUST BANCORP INC /KY/ FARMERS & MERCHANTS BANCORP GREAT SOUTHERN BANCORP, INC. HORIZON BANCORP INC /IN/ Metropolitan Bank Holding Corp. PEOPLES BANCORP INC PNC FINANCIAL SERVICES GROUP, INC. WASHINGTON TRUST BANCORP INC