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Stellar Bancorp, Inc. Announces New Share Repurchase Program and Federal Reserve Membership

1. Stellar Bancorp authorized a $65 million share repurchase program until May 2026. 2. This follows a previous $60 million program set to end May 2025.

Shares Buyback
+1.35%Current Return
VS
+2.1%S&P 500
$26.6404/23 05:46 PM EDTEvent Start
$2704/25 12:27 AM EDTLatest Updated
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FAQ

Why Bullish?

Share repurchase programs typically signal confidence and can increase share prices. Historical examples show that companies announcing buybacks often experience price appreciation.

How important is it?

The announcement could catalyze investor interest and signal strong financial health, thereby positively impacting STEL's valuation.

Why Short Term?

The immediate influence of the buyback program could boost prices short-term, especially as the market reacts quickly to such news.

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STELNYSE
HOUSTON--(BUSINESS WIRE)--Stellar Bancorp, Inc. (the “Company”) (NYSE: STEL) today announced that its Board of Directors authorized a new share repurchase program under which the Company may repurchase up to $65 million of the Company's common stock through May 31, 2026 (the “2025-2026 Repurchase Program”). In May of 2024, the Company announced a share repurchase program under which the Company was authorized to repurchase up to $60 million of the Company's common stock through May 31, 2025 (th.

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