Stellar Bancorp Inc reports results for the quarter ended March 31 - Earnings Summary

• Stellar Bancorp Inc STEL.N reported quarterly adjusted earnings of 46 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 49 cents. The mean expectation of five analysts for the quarter was for earnings of 44 cents per share. Wall Street expected results to range from 43 cents to 46 cents per share.

• Revenue fell 3.4% to $104.76 million from a year ago; analysts expected $105.66 million.

• Stellar Bancorp Inc's reported EPS for the quarter was 46 cents​.

• The company reported quarterly net income of $24.7 million.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.5% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "hold"

• Wall Street's median 12-month price target for Stellar Bancorp Inc is $30.00

This summary was machine generated from LSEG data April 25 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)