Sierra Bancorp Stock News

PORTERVILLE, Calif.--(BUSINESS WIRE)--Sierra Bancorp Reports Improved Financial Results for Third Quarter and First Nine Months of 2024.

PORTERVILLE, Calif.--(BUSINESS WIRE)--Sierra Bancorp Announces Share Repurchase Program and Declares Quarterly Cash Dividend.

Sierra Bancorp's Q2 net interest income rose to $30.2M, improving from $28.7M in Q1, supporting a well-covered dividend payout ratio of under 35%. The bank's $3.68B in assets includes a $2.2B loan book, with 60% in commercial real estate, and a notable $6.4M farmland loan past due. Despite a rise in past-due loans, the bank's real estate collateral mitigates risk, maintaining a tangible book va...

It kicked off the five trading days with a solid quarterly earnings report. The bank beat on both the top and bottom lines, the latter quite convincingly.