Welcome to our dedicated page for Sierra Bancorp news (Ticker: BSRR), a resource for investors and traders seeking the latest updates and insights on Sierra Bancorp stock.
Sierra Bancorp (NASDAQ: BSRR), California's largest community bank serving eight counties since 1977, maintains this dedicated news hub for stakeholders tracking its financial developments. Investors and analysts will find authoritative coverage of earnings announcements, leadership updates, regulatory filings, and strategic initiatives shaping this FDIC-insured institution.
The curated repository ensures timely access to material disclosures including quarterly performance reports, dividend declarations, and operational expansions. Users benefit from consolidated updates on commercial lending activities, agricultural financing programs, and retail banking innovations central to Sierra Bancorp's community-focused mission.
Key content categories encompass merger/acquisition disclosures, capital management decisions, board appointments, and service area expansions across California's Central Valley and coastal regions. All information undergoes verification against primary sources to ensure regulatory compliance and factual accuracy.
Bookmark this page for streamlined monitoring of Sierra Bancorp's financial health indicators, market positioning updates, and governance developments. Cross-reference historical announcements through our chronological archive to analyze trends in this regional banking leader's growth trajectory.
Sierra Bancorp (Nasdaq: BSRR) reported a consolidated net income of $8.8 million for Q1 2023, up 19% from $7.4 million in Q1 2022. The increase was driven by a $3.4 million boost in net interest income, totaling $28.1 million. The bank's return on average assets improved to 0.97% and return on average equity reached 11.53%. Notably, nonperforming assets plummeted 95% to 0.05% of total gross loans. Deposits grew by 16% annualized, totaling $2.9 billion. Capital ratios remained strong with a Community Bank Leverage Ratio of 10.7%. The board declared a cash dividend of $0.23 per share, marking the 97th consecutive dividend.
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