Stellar Bancorp, Inc. (NASDAQ:STEL) Q1 2024 Earnings Call Transcript

John Rodis: Okay. So Paul, I guess, said another way, I mean, I guess, this first quarter run rate is probably a better — I mean, so you come in a little bit above $280 million. I guess that’s what you’re saying?

Paul Egge: I see a decent chance that we’ll have pressure on that $280 million guidance. The first quarter actually isn’t as indicative of that just because we literally hit the nail on the head as it relates to our plan. We expected expenses to be a little more swollen for seasonal reasons here in the first quarter. It’s more broader other initiatives that have the potential to put pressure on guidance.

John Rodis: Okay. Thanks, guys. Okay, John.

Operator: At this time, there are no further audio questions. I will now hand today’s call back over to Mr. Franklin for any closing remarks.

Robert Franklin: Thank you very much. Appreciate everyone’s interest in Stellar Bank today, and thank you for being on the call.

Operator: This concludes today’s call. Thank you for joining. You may now disconnect your lines.