SIERRA BANCORP (BSRR) SEC Filings

Sierra Bancorp director Julie G Castle reported selling 1,000 shares of Common Stock on 2026-07-31. The transaction is coded as a sale in an open market or private transaction at a reported price of $40.7028 per share, reflecting a direct ownership transaction.

Sierra Bancorp, holding company for Bank of the Sierra, reported Q2 2026 net income of $9,919 thousand versus $10,633 thousand a year earlier, and first‑half net income of $22,439 thousand compared with $19,734 thousand. Basic EPS was $0.77 for the quarter and $1.74 year‑to‑date; diluted EPS was $1.72 for the first half. Net interest income was $30,412 thousand for Q2 and $61,020 thousand for six months, while credit loss expense on loans was $2,283 thousand for the quarter and $2,360 thousand year‑to‑date. Noninterest income was $8,570 thousand in Q2, and noninterest expense was $23,510 thousand.

Total assets were $3.7 billion at June 30, 2026, with total deposits of $2.9 billion. Loans held for investment totaled $2,456,206 thousand in gross balances, with an allowance for credit losses on loans of $23,600 thousand. Nonaccrual loans were $10,544 thousand, down from $13,231 thousand at year‑end 2025.

Other borrowings declined to $155,000 thousand from $302,700 thousand at December 31, 2025, and total shareholders’ equity increased to $366,897 thousand. Operating cash flow was $16,547 thousand, investing activities provided $112,408 thousand, and financing activities used $121,888 thousand, including $14,908 thousand of share repurchases and $6,832 thousand of dividends, leaving cash and cash equivalents at $142,695 thousand.

Sierra Bancorp reported consolidated net income of $9.9 million, or $0.77 per diluted share, for the second quarter of 2026, compared with $10.6 million, or $0.78 per share, a year earlier. Quarterly return on average assets was 1.09% and return on average equity was 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 per share. A tax‑equivalent net interest margin of 3.75% and an efficiency ratio of 57.70% reflected lower funding costs and disciplined expenses. Total assets were $3.72 billion and total deposits $2.93 billion at June 30, 2026.

Asset quality remained solid: nonperforming assets fell to $10.5 million, the ratio of nonperforming loans to gross loans improved to 0.43%, and net charge‑offs were $0.2 million for the first half versus $6.3 million a year earlier. The allowance for credit losses on loans increased to $23.6 million, or 0.96% of gross loans, and the equity ratio was 9.86%, with tangible common equity at 9.19% of tangible assets.

Sierra Bancorp stated that President and Chief Executive Officer Kevin J. McPhaill and Executive Vice President and Chief Financial Officer/Chief Operations Officer Christopher G. Treece will attend the Keefe, Bruyette and Woods Bank Conference.

The conference is scheduled for July 27–29, 2026, where they will meet with current and prospective investors. The investor presentation materials used at the event are available on the company’s website at www.sierrabancorp.com. The company characterized this as a Regulation FD communication furnished, not filed, under the Exchange Act.

Sierra Bancorp created a Director Emeritus position and adopted a Retirement Plan for Directors Emeritus effective July 23, 2026. The plan covers qualified non-employee directors of the company and its wholly owned subsidiary, Bank of the Sierra, to support director retention.

To receive benefits, an Eligible Director must voluntarily retire after serving the minimum years specified in the plan and sign a Director Emeritus Agreement. Annual benefits equal 50% of the director’s prior 12-month board cash retainer (excluding committee retainers) and are payable for three years, subject to plan conditions. The Board, or a designated committee, administers the plan.

Sierra Bancorp’s Board of Directors approved a regular quarterly cash dividend of $0.27 per share on its common stock, a $0.01 or 4% increase from the dividend paid last quarter. The dividend will be paid on August 10, 2026 to shareholders of record as of August 3, 2026.

The company notes a long dividend track record, with regular cash dividends paid every year since 1987 and this payment representing its 110th consecutive quarterly cash dividend. Sierra Bancorp, holding company for Bank of the Sierra, operates 34 full-service branches and an online branch across multiple California counties.

Sierra Bancorp executive vice president and Chief Credit Officer Hugh F. Boyle reported an open-market sale of 10,000 shares of the company’s Common Stock. The shares were sold at an average price of $38.2091 per share, and he now directly holds 21,781 shares.

Issuer submitted a Form 144 notice regarding proposed sales of Common Stock through Morgan Stanley Smith Barney LLC. The filing lists 9,229 shares of Restricted Stock dated 03/01/2022 and 771 shares of Performance Shares dated 11/18/2024. The filing record includes a 05/29/2026 entry associated with the securities information.

Sierra Bancorp EVP and Chief Financial Officer Christopher G. Treece exercised stock options for 10,000 shares of common stock at $27.11 per share and on the same day sold 10,000 shares at an average price of $38.1768. Following these transactions, he directly holds 39,095 common shares and retains stock options tied to 1,560 underlying shares expiring in 2030.