HOUSTON (AP) — HOUSTON (AP) — Stellar Bancorp, Inc. (STEL) on Friday reported third-quarter net income of $30.9 million.
The bank, based in Houston, said it had earnings of 58 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.
The bank holding company posted revenue of $156 million in the period. Its revenue net of interest expense was $111.4 million, which also beat Street forecasts. Three analysts surveyed by Zacks expected $107.9 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