Stellar Bancorp Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags
Stellar Bancorp (NASDAQ:STEL) Full Year 2022 Results
Key Financial Results
Revenue: US$258.6m (up 8.0% from FY 2021).
Net income: US$51.4m (down 37% from FY 2021).
Profit margin: 20% (down from 34% in FY 2021).
EPS: US$1.48 (down from US$4.04 in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Stellar Bancorp Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) missed analyst estimates by 42%.
Looking ahead, revenue is forecast to grow 28% p.a. on average during the next 2 years, compared to a 6.5% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are down 11% from a week ago.
What about risks? Every company has them, and we've spotted 4 warning signs for Stellar Bancorp (of which 1 is concerning!) you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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