Stellar Bancorp, Inc. (NYSE:STEL) Q3 2022 Earnings Conference Call October 28, 2022 9:00 AM ET

Company Participants

Courtney Theriot - Chief Accounting Officer of Stellar Bank

Robert Franklin - Chief Executive Officer

Steve Retzloff - Executive Chairman

Ray Vitulli - President of the Company and CEO of Stellar Bank

Paul Egge - Senior Executive Vice President and CFO

Joe West - Senior Executive Vice President and Chief Executive Credit Officer of Stellar Bank

Conference Call Participants

David Feaster - Raymond James

Matt Olney - Stephens Inc.

Will Jones - KBW

Brad Milsaps - Piper Sandler

Operator

Good day, and thank you for standing by. Welcome to the Stellar Bancorp Inc. Third Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question and answer session. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your first speaker today to Courtney Theriot, EVP and Chief Accounting Officer of Stellar Bank. Please go ahead.

Courtney Theriot

Thank you, operator and thank you to all who have joined our call today. Good morning. I am Courtney Theriot the Chief Accounting Officer of Stellar Bank and I would like to welcome you to the Stellar Bancorp Inc. earnings call for the third quarter of 2022. This morning’s earnings call will be led by Bob Franklin, the CEO of the company.

Also in attendance will be Steve Retzloff, Executive Chairman of the company; Ray Vitulli, President of the company and CEO of Stellar Bank; Paul Egge, Senior Executive Vice President and CFO of the company and Stellar Bank and Joe West, Senior Executive Vice President and Chief Executive Credit Officer of Stellar Bank.

Before we begin, I need to remind everyone that some of the remarks made today constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995 as amended. We intend all such statements to be covered by the Safe Harbor provisions for forward-looking statements contained in the act. Also note that if we give guidance about future results, that guidance is only a reflection of management’s beliefs at the time the statement is made and such beliefs are subject to change. We disclaim any obligation to publicly update any forward-looking statements, except as maybe required by law. Please see the last page of the text in this morning’s earnings release, which is available on our website at ir.stellarbancorpinc.com for additional information about the risk factors associated with forward-looking statements. At the conclusion of our remarks, we will open the line and allow time for questions.