Stellar Bancorp, Inc. 8-K

What Happened
Stellar Bancorp, Inc. announced on April 1, 2026 that it redeemed the remaining $30.0 million aggregate principal amount of its 4.70% Fixed-to-Floating Rate Subordinated Notes due 2029. The redemption price was 100% of principal plus accrued and unpaid interest to, but excluding, the redemption date (April 1, 2026). The redemption resulted in the retirement of all outstanding Notes. The Form 8-K was signed by CFO Paul P. Egge.

Key Details

• Redeemed amount: $30.0 million aggregate principal of 4.70% Fixed-to-Floating Rate Subordinated Notes due 2029.
• Redemption date: April 1, 2026.
• Redemption price: 100% of principal plus accrued and unpaid interest to, but excluding, April 1, 2026.
• The redemption extinguished all outstanding Notes.

Why It Matters
This action removes the company’s remaining subordinated debt under these notes and ends any future interest payments related to them. The cash payment of principal plus accrued interest on April 1, 2026 is a cash outflow that will be reflected in the company’s financial statements and future disclosures; the 8-K does not disclose the funding source or quantify effects on capital ratios or liquidity.