Stellar Bancorp Inc 2024年度报告

We empowerpeople tothrive. Our Values Giveour all Own theoutcome Do theright thing Seepossibilities Servewith heart Succeedtogether A Year of Recognition and Gratitude Stellar Bank is honored to have been recognized in 2024 by S&PGlobal,The Houston Business Journal,and the Better BusinessBureau.*These awards are more than just accolades—they’re atestament to the trust of our valued customers and the dedicationof our incredible colleagues, who strive for excellence every day. Dear Fellow Shareholders, The year 2024 presented a set of unique challenges and opportunities for Stellar Bank.As we navigated an uncertain economic landscape and the wait-and-see attitude of apresidential election year, our focus remained steadfast on capital, credit, and liquidity.This year of optimization allowed us to build upon the strong foundation established in2023, setting the stage for growth in 2025. I am incredibly proud of our team for their resilience and dedication throughout 2024. Their effortsin enhancing our systems, technology, and processes have positioned us well for the future. Our stronglocal relationships continue to provide us with valuable insights into the needs and challenges of ourcustomers. And our bankers’ passion and commitment to serving our communities is remarkable. This year, we fully embraced our identity as Stellar Bank, furthering our mission to create the“Stellar way” of doing things. The support and enthusiasm from our customers have been positive,and we are grateful for the trust and confidence they have placed in us. Looking ahead to 2025, we are poised for growth and success. As a Texas-focused community bank,we are deeply invested in the regions we serve. Fortunately, these markets happen to be some of thebest in the country where population and job growth continue. Our strategic focus on capital, credit,and liquidity will help us achieve consistent results and enhance shareholder value. We are thankful for our employees, whose contributions are the cornerstone of our success. As weprepare for the opportunities ahead, we are excited about the bright future of Stellar. Thank you foryour continued support and investment in our company. 21UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549FORM 10-K Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐NoS Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subjectto such filing requirements for the past 90 days. YesSNo☐ Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files). YesSNo☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and“emerging growth company” in Rule 12b-2 of the Exchange Act.: Accelerated Filer£Smaller Reporting Company£Emerging growth company£ Large Accelerated FilerSNon-accelerated Filer£ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.£ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of itsinternal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firmthat prepared or issued its audit report. YesSNo£ If securities are registered pursuant to Section 12(b) of the Act, indicated by check mark whether the financial statements of the registrantincluded in the filing reflect a correction of an error in previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant's executive officers during the relevant recover period pursuant to §240.1D-1(b).£ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes£NoS The aggregate market value of the shares of common stock held by non-affiliates based on the closing price per share of the registrant’scommon stock as reported on the New York Stock Exchange on June 30, 2024 was approximately