Stellar Bancorp Files 8-K
Ticker: STEL · Form: 8-K · Filed: May 23, 2024 · CIK: 1473844
Sentiment: neutral
Topics: corporate-filing, 8-k
TL;DR
Stellar Bancorp filed an 8-K on 5/23/24, updating corporate info. Nothing major.
AI Summary
Stellar Bancorp, Inc. filed an 8-K on May 23, 2024, reporting other events and financial statements. The filing details the company's principal executive offices located at 9 Greenway Plaza, Suite 110, Houston, Texas, 77046, with a phone number of (713) 210-7600. The company was incorporated in Texas and its fiscal year ends on December 31st.
Why It Matters
This filing provides official updates on Stellar Bancorp's corporate information and financial reporting, which is crucial for investors and stakeholders to stay informed about the company's status.
Risk Assessment
Risk Level: low — The filing is a routine corporate disclosure and does not contain information that suggests immediate significant risk.
Key Players & Entities
- Stellar Bancorp, Inc. (company) — Registrant
- May 23, 2024 (date) — Filing Date
- 9 Greenway Plaza, Suite 110, Houston, Texas, 77046 (location) — Principal Executive Offices
- (713) 210-7600 (phone_number) — Registrant's telephone number
- Texas (location) — State of Incorporation
- December 31 (date) — Fiscal Year End
FAQ
What is the primary purpose of this 8-K filing for Stellar Bancorp, Inc.?
The primary purpose of this 8-K filing is to report "Other Events" and "Financial Statements and Exhibits" as of May 23, 2024.
Where are Stellar Bancorp, Inc.'s principal executive offices located?
Stellar Bancorp, Inc.'s principal executive offices are located at 9 Greenway Plaza, Suite 110, Houston, Texas, 77046.
What is the telephone number for Stellar Bancorp, Inc.?
The telephone number for Stellar Bancorp, Inc. is (713) 210-7600.
In which state was Stellar Bancorp, Inc. incorporated?
Stellar Bancorp, Inc. was incorporated in Texas.
When does Stellar Bancorp, Inc.'s fiscal year end?
Stellar Bancorp, Inc.'s fiscal year ends on December 31.
Filing Stats: 682 words · 3 min read · ~2 pages · Grade level 11.1 · Accepted 2024-05-23 17:01:16
Key Financial Figures
- $0.01 — ich registered Common stock, par value $0.01 per share STEL New York Stock Exchange
- $0.13 — uarterly cash dividend in the amount of $0.13 per share of common stock. The dividend
- $60 million — which the Company may repurchase up to $60 million of the Company's common stock through M
Filing Documents
- stel-20240523.htm (8-K) — 27KB
- ex-991steldividend202405pr.htm (EX-99.1) — 8KB
- imagea.jpg (GRAPHIC) — 30KB
- 0001473844-24-000017.txt ( ) — 203KB
- stel-20240523.xsd (EX-101.SCH) — 2KB
- stel-20240523_lab.xml (EX-101.LAB) — 22KB
- stel-20240523_pre.xml (EX-101.PRE) — 13KB
- stel-20240523_htm.xml (XML) — 3KB
01. Other Events
Item 8.01. Other Events. Declaration of Dividend On May 23, 2024, the Company issued a press release announcing that on May 23, 2024, its Board of Directors declared a quarterly cash dividend in the amount of $0.13 per share of common stock. The dividend will be payable on June 28, 2024 to the Company's shareholders of record as of the close of business on June 14, 2024. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference, including the cautionary language regarding forward-looking statements. Share Repurchase Program T he press release issued on May 24, 2024 also announced that its Board of Directors authorized a new share repurchase program under which the Company may repurchase up to $60 million of the Company's common stock through May 31, 2025. The Company has an existing share repurchase program under which the Company may repurchase up to $60 million of the Company's common stock through May 31, 2024. Repurchases under the share repurchase program may be made from time to time at the Company's discretion in open market transactions, through block trades, in privately negotiated transactions, and pursuant to any trading plan that may be adopted by the Company's management in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, or otherwise. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, market conditions, and other corporate liquidity requirements and priorities. The share repurchase program does not obligate the Company to acquire a specific dollar amount or number of shares and may be modified, suspended or discontinued at any time.
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 by Stellar Bancorp, Inc. dated May 2 3 , 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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: May 23, 2024 By: /s/ Paul P. Egge Paul P. Egge Chief Financial Officer