08:33 AM EDT, 04/26/2024 (MT Newswires) -- Stellar Bancorp ( STEL ) reported Q1 earnings Friday of $0.49 per diluted share, down from $0.70 a year earlier.

Analysts polled by Capital IQ expected $0.48.

Revenue for the quarter ended March 31, expressed as the sum of net interest income and total noninterest income, was $108.4 million, down from $123.3 million a year earlier.

Four analysts surveyed by Capital IQ expected $107.1 million.