Stellar Bancorp: Q1 Earnings Snapshot
HOUSTON (AP) — HOUSTON (AP) — Stellar Bancorp, Inc. (STEL) on Friday reported first-quarter net income of $24.7 million.
The bank, based in Houston, said it had earnings of 46 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.
The bank holding company posted revenue of $147.8 million in the period. Its revenue net of interest expense was $104.8 million, which missed Street forecasts. Three analysts surveyed by Zacks expected $105.5 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STEL at https://www.zacks.com/ap/STEL
