Sierra Bancorp reports recurring developments for its community banking business as the parent of Bank of the Sierra. Company news centers on quarterly earnings, loan and deposit trends, regulatory capital measures, commercial real estate concentration, service-charge income, bank-owned life insurance income, and funding used in the bank’s mortgage warehouse business line.
The company’s updates also cover regular cash dividends, share repurchase authorizations, and branch-based retail and commercial banking activity across markets in California’s San Joaquin Valley, Central Coast, and surrounding counties. Reported banking services include deposit accounts, real estate and commercial lending, agricultural and consumer loans, an online branch, and specialized mortgage warehouse lending.
Sierra Bancorp (Nasdaq: BSRR) reported third-quarter 2026 net income of $15.3 million, its highest quarterly profit, compared with the year-earlier period. Diluted earnings per share rose to $1.18 from $0.72, while net income increased 58%. Results benefited from a credit-loss allowance release following repayment of a previously fully reserved loan and a separate $1.1 million interest recovery. Net interest margin, the spread earned on interest-generating assets, increased to 3.91% from 3.78%.
Nine-month net income reached $37.7 million, versus $29.4 million a year earlier. Since December 31, 2025, deposits increased 4% to $2.98 billion, while gross loans declined 5% to $2.43 billion, largely reflecting lower mortgage warehouse balances. Nonperforming assets fell to $9.3 million from $14.8 million. A declared $0.27-per-share dividend is payable November 9, 2026.
Sierra Bancorp (Nasdaq: BSRR) approved a new program authorizing repurchases of up to one million shares of its outstanding common stock.
The program begins after the current authorization expires on October 31, 2026, and runs until October 31, 2027. It replaces the prior one-million-share program, which has 381,532 shares remaining available. Repurchase timing and volume depend on price, trading volume, corporate and regulatory requirements, and market conditions.
The board also declared a regular quarterly cash dividend of $0.27 per share, payable November 9, 2026, to shareholders of record November 2, 2026. This marks the company's 111th consecutive quarterly cash dividend.
Sierra Bancorp (Nasdaq: BSRR) reported second-quarter 2026 net income of $9.9 million, or $0.77 per diluted share, down from $10.6 million, or $0.78, a year earlier. Q2 return on average assets was 1.09% and return on average equity 10.90%.
For the first six months of 2026, net income rose to $22.4 million, or $1.72 per diluted share, from $19.7 million, or $1.43. Year-to-date net interest margin was 3.75% and the efficiency ratio improved to 57.70%. Total deposits grew $54.6 million since year-end, noninterest-bearing deposits were $1.03 billion (35% of total), and cost of deposits declined to 1.11% in Q2. The company recorded a $2.5 million specific reserve on a single agricultural production loan, driving higher credit loss expense.
Tangible book value per share increased to $26.19, the community bank leverage ratio at the subsidiary bank was 12.25%, and the tangible common equity ratio was 9.19%. Sierra Bancorp repurchased 396,429 shares year-to-date and declared a $0.27 dividend payable August 10, 2026.
Sierra Bancorp (Nasdaq: BSRR) declared a regular quarterly cash dividend of $0.27 per share, a $0.01 or 4% increase from the prior quarter. The dividend will be paid on August 10, 2026 to shareholders of record as of August 3, 2026.
According to the company, this is its 110th consecutive quarterly cash dividend, continuing a dividend history that dates back to 1987. Sierra Bancorp is the holding company for Bank of the Sierra, which operates 34 full-service branches across several California counties.
Sierra Bancorp (Nasdaq: BSRR) reported Q1 2026 net income of $12.5 million, or $0.96 diluted EPS, versus $9.1 million, or $0.65 EPS, in Q1 2025. Key metrics: ROAA 1.39%, ROAE 13.88%, NIM 3.75%, total deposits $2.93 billion (+3% YoY), tangible book value per share $25.69, repurchased 263,632 shares, and declared a $0.26/share dividend payable May 11, 2026.
Management highlighted improved efficiency, lower funding costs, and stable capital and liquidity levels with $2.1 billion of primary and secondary liquidity.
Sierra Bancorp (Nasdaq: BSRR) declared a regular quarterly cash dividend of $0.26 per share, payable May 11, 2026, to shareholders of record as of May 4, 2026. The dividend follows Board review of results for the quarter ended March 31, 2026.
This marks the Company’s 109th consecutive quarterly cash dividend and continues a shareholder payout record stretching back to 1987.
Sierra Bancorp (Nasdaq: BSRR) reported record fourth-quarter 2025 net income of $12.9 million and diluted EPS of $0.97, up 34% year-over-year. For full-year 2025, net income was $42.3 million and diluted EPS was $3.11.
Key drivers included a 9% annual loan growth, a 3.79% net interest margin in Q4, improved efficiency, $1.0 billion in noninterest-bearing deposits, and repurchases of 1.024 million shares during 2025.
Sierra Bancorp (Nasdaq: BSRR) declared a regular quarterly cash dividend of $0.26 per share, a $0.01 (4%) increase versus the prior quarter. The dividend is payable on February 17, 2026 to shareholders of record as of February 9, 2026.
This payment marks the Company’s 108th consecutive quarterly cash dividend and follows the Board’s review of results for the quarter ended December 31, 2025.
Sierra Bancorp (Nasdaq: BSRR) reported unaudited results for the quarter and nine months ended September 30, 2025. Q3 net income was $9.7 million, or $0.72 diluted EPS, down 9% from Q2 2025. Nine-month net income was $29.4 million, or $2.15 diluted EPS, down 3% year-over-year while EPS rose 3% due mostly to share repurchases.
Key operating metrics: net interest margin 3.78%, net interest income $32.0M (Q3), loan balances grew (loans net $2.49B), and deposits totaled $2.93B. Provision for credit losses increased to $7.0M year-to-date, driven by an individual agricultural production property. Tangible book value per share rose to $24.66 and the company declared a $0.25 quarterly dividend.
Sierra Bancorp (Nasdaq: BSRR) announced a new share repurchase program authorizing up to 1,000,000 shares to be repurchased from November 1, 2025 after the current program expires and continuing through October 31, 2026. Repurchases may be executed in open‑market or privately negotiated transactions and the Board authorized Management to adopt a 10b5‑1 plan with a nationally recognized broker‑dealer to facilitate buybacks. The Board also declared a regular quarterly cash dividend of $0.25 per share, payable November 14, 2025 to shareholders of record as of November 3, 2025. This marks the Company’s 107th consecutive quarterly cash dividend.
Bank of the Sierra operates branches across central and southern California and holds a 5‑star Bauer Financial rating in 2025.