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) is a California-based bank holding company for Bank of the Sierra, a community-centric regional bank that provides retail and commercial banking services. This news page aggregates coverage of Sierra Bancorp’s announcements, focusing on the financial and operational information the company releases through press statements and SEC-referenced communications.
Investors and observers can use this page to follow quarterly and annual financial results, where Sierra Bancorp reports metrics such as net income, diluted earnings per share, net interest margin, efficiency ratio, loan growth, deposit trends, and asset quality measures. The company’s earnings releases also describe changes in mortgage warehouse utilization, commercial and real estate lending, deposit mix, and provisions for credit losses.
News items here also include dividend declarations and share repurchase program announcements. Sierra Bancorp regularly issues press releases when its Board of Directors approves quarterly cash dividends and when it authorizes or renews share repurchase programs for its common stock. These releases often reference the company’s long history of regular cash dividends dating back to 1987, as well as the number of consecutive quarterly dividends paid.
Additional coverage captures capital and liquidity updates, such as reported community bank leverage ratios, tangible common equity ratios, and descriptions of primary and secondary liquidity sources, as presented in the company’s financial communications. News may also highlight recognition received by Bank of the Sierra, including references to a 5-star rating from Bauer Financial, and note executive appointments or governance changes disclosed in conjunction with Form 8-K filings.
By reviewing the items on this page, readers can see how Sierra Bancorp describes its performance over time, including trends in loans, deposits, and profitability, as well as Board-level decisions on dividends, repurchases, and senior leadership.
Sierra Bancorp (Nasdaq: BSRR) has declared a quarterly cash dividend of $0.22 per share, marking a 5% increase from the previous quarter. The dividend, approved by the Board following a review of the Company’s financial performance as of June 30, 2021, is scheduled for payment on August 12, 2021, to shareholders of record by July 30, 2021. This announcement marks the Company’s 90th consecutive quarterly cash dividend, showcasing a long-term commitment to shareholder returns.
Sierra Bancorp (BSRR) announced a consolidated net income of $11.1 million, or $0.72 per diluted share for Q1 2021, up from $7.8 million, or $0.58 per share in Q1 2020. Key factors include a $4.8 million increase in net interest income and a $1.6 million reduction in loan loss provisions. Return on average assets and equity rose to 1.40% and 12.94% respectively. Total assets increased by 3% to $3.3 billion, while total deposits rose 9% to $2.9 billion.
Sierra Bancorp (Nasdaq: BSRR) has declared a quarterly cash dividend of $0.21 per share, payable on May 12, 2021 to shareholders on record as of April 29, 2021. This marks the 89th consecutive quarterly dividend since the company's inception in 1987. The decision reflects favorable financial performance following a review by the Board of Directors. Bank of the Sierra, the largest independent bank in South San Joaquin Valley, continues to thrive in its 44th year of operations.
Sierra Bancorp (Nasdaq: BSRR) reported Q4 2020 net income of $9.0 million, or $0.58 per diluted share, down from $9.3 million, or $0.60 per diluted share, in Q4 2019. The return on average assets decreased to 1.12%, while return on average equity dropped to 10.49%. Net income for the full year was $35.4 million, compared to $36.0 million in 2019. Key factors include a $4.0 million increase in net interest income, a $1.7 million rise in loan loss provisions, and a $2.8 million rise in noninterest expense due to increased salaries and legal costs.
Sierra Bancorp (Nasdaq: BSRR) has announced a quarterly cash dividend of $0.21 per share, marking a 5% increase from the previous quarter. This dividend will be paid on February 12, 2021, to shareholders of record as of January 29, 2021. With this declaration, the company continues its tradition of consistent dividend payments, now totaling 88 consecutive quarterly dividends since 1987. The increase reflects the Board’s confidence in the company's financial performance and capital position.
Sierra Bancorp (NASDAQ: BSRR) has appointed Susan M. Abundis and Julie Castle to its Board of Directors, effective immediately. Both will also serve on the Governance and Nominating Committee; Abundis on the Senior Loan Committee, while Castle will be on the Audit and Risk Committees. Abundis brings 40 years of banking experience, including roles at Bank of the West and Bank of America. Castle has over 35 years of experience, with previous positions at Rabobank and Wells Fargo. CEO Kevin McPhaill expressed enthusiasm for their leadership, aiming to enhance shareholder value.
Sierra Bancorp (Nasdaq: BSRR) reported a third-quarter 2020 net income of $10.4 million ($0.67 per diluted share), up from $9.0 million ($0.58 per diluted share) in Q3 2019. The return on average equity increased to 12.34% from 11.78%, driven by higher net interest income and noninterest income, despite a higher provision for loan losses. Year-to-date net income is $26.5 million, down slightly from $26.7 million in 2019. Total assets grew by 23% to $3.2 billion, with total deposits increasing 20%.
Sierra Bancorp (Nasdaq: BSRR) has declared a quarterly cash dividend of $0.20 per share, effective November 12, 2020, to shareholders of record as of October 30, 2020. This announcement follows the Board's review of financial performance for the quarter ending September 30, 2020. Notably, this marks the Company's 87th consecutive quarterly dividend, showcasing its consistent commitment to returning value to shareholders since 1987. Sierra Bancorp is the parent of Bank of the Sierra, recognized as one of the strongest community banks, rated 5-stars by Bauer Financial.