TXBIZNEWS

Stellar Bancorp Inc., the parent company of Stellar Bank and one of Houston’s largest community banking institutions, became the third major Houston-based company to list on NYSE Texas, the state’s newly launched electronic stock exchange. The move, announced on June 6, 2025, positions Stellar as the first bank holding company to dual-list on the Dallas-based platform while retaining its primary listing on the New York Stock Exchange under the ticker “STEL.” This milestone comes nearly two years after Stellar’s formation through the merger of Allegiance Bancshares Inc. and CBTX Inc., and reflects a broader trend of Texas-headquartered firms embracing the state’s evolving financial infrastructure.

The Details:

• Listing Details: Trading under the “STEL” ticker, the dual listing leverages NYSE Texas’s Dallas-based electronic exchange, launched to attract firms.

• Financial Growth: With $9.5B in assets (2025 estimate), Stellar Bancorp aims to enhance liquidity and visibility, following its 2023 NYSE debut post-merger.

• Economic Impact: CEO Robert Franklin hailed the move as a milestone, boosting investor access in Texas’s thriving economy, home to over 50 Fortune 500 firms.

Why It Matters:
Stellar’s listing strengthens Texas’s emerging financial ecosystem, supporting local economic growth.

D.R. Horton Inc., the nation’s largest homebuilder by volume and a Texas-based firm for nearly five decades, also announced the dual listing of its common stock on NYSE Texas. The company will maintain its primary listing on the New York Stock Exchange and continue trading under the ticker symbol “DHI.” In a statement, Chairman David Auld called the move a reflection of the company’s long-standing roots in Texas and its commitment to the state’s dynamic growth. “We are pleased to be a Founding Member of NYSE Texas and show our support to the state we have called home for nearly fifty years,” Auld said. NYSE Group Chief Development Officer Chris Taylor welcomed D.R. Horton to the new exchange, highlighting the company’s leadership in the housing sector and its foundational role in the Texas economy.

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