Stellar Bancorp Files 8-K on Financial Results & Reg FD Disclosure

Ticker: STEL · Form: 8-K · Filed: Jan 26, 2024 · CIK: 1473844

Complexity: simple

Sentiment: neutral

Topics: financial-condition, regulation-fd, corporate-filing

TL;DR

**STEL just filed an 8-K, expect financial results soon!**

AI Summary

Stellar Bancorp, Inc. filed an 8-K on January 26, 2024, to announce its results of operations and financial condition, as well as to satisfy Regulation FD disclosure requirements. This filing indicates that the company will be releasing its financial performance for the period, which is crucial for investors to understand the company's profitability and stability. For stockholders, this matters because the financial results will directly impact the stock's valuation and future dividend potential, while potential buyers can use this information to assess the company's health before investing.

Why It Matters

This filing signals the imminent release of Stellar Bancorp's financial performance, providing transparency and critical data for investors to evaluate the company's health and future prospects.

Risk Assessment

Risk Level: low — This 8-K is a standard procedural filing announcing upcoming financial disclosures, not indicating any immediate negative events.

Analyst Insight

A smart investor would monitor for the actual release of Stellar Bancorp's financial results, which this 8-K foreshadows, to analyze performance metrics like revenue, net income, and balance sheet health before making any investment decisions.

Key Players & Entities

FAQ

What is the primary purpose of Stellar Bancorp, Inc.'s 8-K filing on January 26, 2024?

The primary purpose of Stellar Bancorp, Inc.'s 8-K filing on January 26, 2024, is to report on its results of operations and financial condition, and to satisfy Regulation FD Disclosure requirements, as indicated by the 'ITEM INFORMATION' sections.

What is the trading symbol and exchange for Stellar Bancorp, Inc.'s common stock?

Stellar Bancorp, Inc.'s common stock trades under the symbol 'STEL' on the New York Stock Exchange, as stated in the 'Securities registered pursuant to Section 12(b) of the Act' section.

What is the address of Stellar Bancorp, Inc.'s principal executive offices?

The address of Stellar Bancorp, Inc.'s principal executive offices is 9 Greenway Plaza, Suite 110, Houston, Texas 77046, according to the filing's business address information.

What is the par value of Stellar Bancorp, Inc.'s common stock?

The par value of Stellar Bancorp, Inc.'s common stock is $0.01 per share, as specified under 'Title of each class' in the 'Securities registered pursuant to Section 12(b) of the Act' section.

What is the company's Central Index Key (CIK) and IRS Number?

Stellar Bancorp, Inc.'s Central Index Key (CIK) is 0001473844 and its IRS Number is 208339782, as detailed in the 'COMPANY DATA' section of the filing.

Filing Stats: 955 words · 4 min read · ~3 pages · Grade level 11.4 · Accepted 2024-01-26 07:00:47

Key Financial Figures

Filing Documents

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On January 26, 2024, Stellar Bancorp, Inc. (the "Company") issued a press release announcing its financial results for the year ended December 31, 2023 and fourth quarter of 2023. A copy of the press release, as well as a copy of the accompanying earnings presentation, are furnished as Exhibit 99.1 and Exhibit 99.2 hereto, respectively, and incorporated herein by reference. In accordance with General Instruction B.2 to Form 8-K, the information furnished in this Item 2.02, Exhibit 99.1 and Exhibit 99.2 of this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and such information shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, (the "Securities Act"), except as shall be expressly set forth by specific reference in such filing.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure On Friday, January 26, 2024, at 8:30 a.m., Central Time, the Company will host an investor conference call and webcast to review its fourth quarter financial results. The webcast will include a presentation that consists of information regarding the Company's financial results. The presentation materials will be posted on the Company's website before the open of the market on Friday, January 26, 2024. The presentation materials are attached hereto as Exhibit 99.2 and are incorporated herein by reference. In accordance with General Instruction B.2 to Form 8-K, the information furnished in this Item 7.01, including Exhibit 99.2, of this Current Report on Form 8-K shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act or otherwise subject to the liabilities of that section, and such information shall not be deemed incorporated by reference in any filing under the Securities Act or the

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits . The following are furnished as exhibits to this Current Report on Form 8-K: Exhibit Number Description of Exhibit 99.1 Press Release issued dated January 2 6 , 202 4 99.2 Q 4 2023 Earnings Presentation 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements anticipated in such statements. Forward-looking statements speak only as of the date they are made and, except as required by law, the Company does not assume any duty to update forward-looking statements. Such forward-looking statements include, but are not limited to, statements concerning the Company's plans, objectives, strategies, expectations, intentions and other statements that are not statements of historical fact, and may be identified by words such as "anticipates," "believes," "building," "continue," "could," "drive," "estimates," "expects," "extent," "focus," "forecasts," "goal," "guidance," "intends," "may," "might," "outlook," "plan," "position," "probable," "progressing," "projects," "prudent," "seeks," "should," "target," "view," "will" or "would" or the negative of these words and phrases or similar words or phrases. For a list of factors that could cause actual results to differ materially from those set forth in the forward-looking statements, see the risk factors described in the Company's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and other reports that are filed with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. STELLAR BANCORP, INC. Date: January 26, 2024 By: /s/ Paul P. Egge Paul P. Egge Chief Financ

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