HOUSTON, February 24, 2023 (GLOBE NEWSWIRE) – Stellar Bancorp, Inc. (the “Company”) TEL announced today that its Board of Directors declared a quarterly cash dividend of $0.13 per common share on February 22, 2023. The dividend will be payable on March 31, 2023 to the Company’s shareholders of record at the close of business on March 15, 2023.

About Stellar Bancorp, Inc.

Stellar Bancorp, Inc. is a bank holding company headquartered in Houston, Texas. The company’s primary banking subsidiary, formed through the merger of Allegiance Bank and CommunityBank of Texas, NA and renamed Stellar Bank after the system change, provides a diversified range of commercial banking services primarily to small and medium-sized businesses and individuals throughout Houston, Dallas, Beaumont and surrounding Texas communities.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, which may include, but not limited to, conditional or future language such as the word “will”. These statements (including future dividend payments) are necessarily subject to risks and uncertainties, and actual results could differ materially from those anticipated as a result of various factors, including risks and factors related to the Company’s financial performance and results of operations, regulatory risks, costs, impacts and results of any governmental audit, review or investigation or ability to obtain required governmental approvals, interest rate risks, economic risks related to the volatility of the oil and gas industry generally and within Texas (including risks related to our customer credit quality, forbearances and changes in credit) and other hazards such as weather conditions, pandemics, acts of war or terrorist attacks and government or military response thereto, and these additional risks and…