On April 1, 2026, Stellar Bancorp, Inc. announced the successful redemption of the remaining $30 million aggregate principal amount of its 4.70% Fixed-to-Floating Rate Subordinated Notes due 2029. The redemption price was set at 100% of the principal amount of the notes redeemed, plus accrued and unpaid interest up to the redemption date. This action marks the complete redemption of all outstanding subordinated notes, which is expected to enhance the bank's financial flexibility and reduce interest expenses moving forward. The company has indicated that this strategic move aligns with its ongoing efforts to optimize its capital structure and improve overall liquidity. The redemption of these notes is seen as a positive step towards strengthening the bank's balance sheet and positioning it for future growth opportunities. Investors may view this development favorably, as it reflects the bank's commitment to maintaining a robust financial position and managing its liabilities effectively.

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