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.
On April 21, 2023, Sierra Bancorp (NASDAQ: BSRR) announced a regular quarterly cash dividend of $0.23 per share. This decision follows the Board’s review of the company’s financial performance for the quarter ending March 31, 2023. The dividend will be distributed on May 12, 2023, to shareholders of record as of May 1, 2023. This announcement marks the company's 97th consecutive quarterly cash dividend, with dividends being paid since 1987. Sierra Bancorp is the parent company of Bank of the Sierra, the largest independent bank in the South San Joaquin Valley. The bank has been recognized for its strong performance, earning a 5-star rating from Bauer Financial in 2023.
Sierra Bancorp (BSRR) reported a net income of $7.1 million for Q4 2022, a 26% decrease from $9.6 million in Q4 2021, translating to $0.47 per diluted share. For 2022, net income totaled $33.7 million, down 22% from $43.0 million in 2021. The decline was largely due to a $14.5 million increase in the provision for credit losses. Despite challenges, loans and deposits grew, with total assets increasing by 7% to $3.6 billion. The return on average assets dropped to 0.79%, while return on average equity fell to 9.62%.
Sierra Bancorp (NASDAQ: BSRR) has declared a quarterly cash dividend of $0.23 per share, reflecting the company’s solid financial performance for the quarter ending December 31, 2022. This dividend will be paid on February 13, 2023, to shareholders on record as of January 31, 2023. Notably, this marks the company’s 96th consecutive quarterly dividend, further solidifying its commitment to returning value to shareholders. The Bank of the Sierra has a long history of consistent dividend payments, having paid regular dividends since 1987.
Sierra Bancorp (BSRR) reported a Q3 2022 net income of $9.9 million ($0.66/share), down from $10.6 million ($0.69/share) in Q3 2021. Year-to-date net income reached $26.5 million ($1.76/share), a decrease from $33.4 million ($2.17/share) in 2021, primarily due to a $4.4 million provision for credit losses. The net interest income rose to $28.9 million, driven by a higher interest margin. Total assets increased by 5% to $3.5 billion, with loans up by $30.6 million due to investment in high-quality mortgage pools. Deposits grew by 4% to $2.9 billion, indicating solid community banking performance.
Sierra Bancorp (NASDAQ: BSRR) announced a new share repurchase program, allowing the company to buy back up to 630,000 shares of common stock. This program starts after the current one ends on October 31, 2022, and runs until October 31, 2023. Additionally, the Board declared a quarterly cash dividend of $0.23 per share, to be paid on November 14, 2022, marking the 95th consecutive quarterly dividend. These moves aim to enhance shareholder value and reflect the company’s financial health amidst ongoing market conditions.
Sierra Bancorp (BSRR) reported Q2 2022 net income of $9.2 million ($0.61/share), a decline from $11.7 million ($0.76/share) in Q2 2021 but a 24% increase from Q1 2022. Year-to-date net income is $16.6 million compared to $22.8 million in 2021. Key metrics include a return on average equity of 10.10% and return on average assets of 0.98%. Net interest income fell 2% due to higher interest expenses from subordinated debt and rising rates. Noninterest income rose significantly, mainly from asset sales. The board declared a $0.23 dividend, marking its 94th consecutive payout.
Sierra Bancorp (Nasdaq: BSRR) has declared a quarterly cash dividend of
Sierra Bancorp (Nasdaq: BSRR) reported a consolidated net income of $7.4 million for Q1 2022, down from $11.1 million in Q1 2021, primarily due to a $3.8 million decrease in net interest income. Return on average assets fell to 0.88%, and return on average equity decreased to 8.64%. Deposits grew 3% to $2.9 billion, supported by expanded agricultural lending efforts. The Company repurchased $4.9 million in shares and declared a cash dividend of $0.23 per share, marking its 93rd consecutive dividend.
Sierra Bancorp (NASDAQ: BSRR) has declared a regular quarterly cash dividend of $0.23 per share following a review of its financial performance for the quarter ending March 31, 2022. This dividend will be distributed on May 12, 2022, to shareholders on record as of May 2, 2022. This marks the company's 93rd consecutive quarterly cash dividend, highlighting its commitment to returning value to shareholders since 1987.
Sierra Bancorp (BSRR) reported a net income of $43.0 million for 2021, a 21% increase from $35.4 million in 2020. The diluted earnings per share rose to $2.80 compared to $2.32 in the previous year. For Q4 2021, net income was $9.6 million, up from $9.0 million in Q4 2020. Deposit growth was $157.0 million, or 6%, with total assets increasing by 5% to $3.4 billion. The company also reported a decrease in loan balances by 19% during the year, largely due to reduced refinancing activity.
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