Stellar Bancorp Q2 EPS $0.51 Beats $0.45 Estimate, Sales $104.126M Miss $104.924M Estimate

Stellar Bancorp (NYSE: STEL) reported quarterly earnings of $0.51 per share which beat the analyst consensus estimate of $0.45 by 14.35 percent. This is a 8.93 percent decrease over earnings of $0.56 per share from the same period last year. The company reported quarterly sales of $104.126 million which missed the analyst consensus estimate of $104.924 million by 0.76 percent. This is a 2.53 percent decrease over sales of $106.826 million the same period last year.