Stellar Bancorp Inc. (STEL) reported a drop in earnings for the third quarter, totaling $25.7 million or $0.50 per share, down from $33.9 million or $0.63 per share last year. Despite the decrease, the earnings beat Street estimates, with analysts expecting $0.49 per share. The company’s revenue also declined by 2.1% to $105.5 million from $107.8 million in the same period last year. These figures provide a snapshot of Stellar Bancorp Inc.’s financial performance in the latest quarter.

Read more at Nasdaq.: Stellar Bancorp Inc. Profit Drops In Q3, But Beats Estimates