Stellar Bancorp Inc. Profit Drops In Q3, But Beats Estimates
(RTTNews) - Stellar Bancorp Inc. (STEL) revealed earnings for third quarter that Dropped, from the same period last year but beat the Street estimates.
The company's earnings totaled $25.7 million, or $0.50 per share. This compares with $33.9 million, or $0.63 per share, last year.
Analysts on average had expected the company to earn $0.49 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 2.1% to $105.5 million from $107.8 million last year.
Stellar Bancorp Inc. earnings at a glance (GAAP) :
-Earnings: $25.7 Mln. vs. $33.9 Mln. last year. -EPS: $0.50 vs. $0.63 last year. -Revenue: $105.5 Mln vs. $107.8 Mln last year.
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