Sierra Bancorp approves buyback of up to 1M shares

The current program has 381,532 shares remaining, and the $0.27 dividend is payable to shareholders of record November 2, 2026.

Rhea-AI Filing Summary

Sierra Bancorp's board approved a new share repurchase program for up to 1,000,000 shares of outstanding common stock. It begins after the current program expires on October 31, 2026, and continues until October 31, 2027, replacing and superseding the October 23, 2025 program, which also authorized 1,000,000 shares. The current program has 381,532 shares remaining available. Repurchases may occur in open-market or privately negotiated transactions; their timing and volume depend on price, trading volume, corporate and regulatory requirements, and market conditions. Management may enter into a 10b5-1 Plan with a nationally recognized broker as appropriate, provided the company is not in a blackout period and is not in possession of material non-public information.

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. The dividend marks Sierra Bancorp's 111th consecutive quarterly cash dividend. The company says it has paid regular cash dividends every year since 1987, counting dividends paid by Bank of the Sierra before Sierra Bancorp's formation; dividends were annual through 1998 and quarterly thereafter.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

New program repurchase authorization: Up to 1,000,000 shares Current-program shares remaining: 381,532 shares Quarterly cash dividend: $0.27 per share +1 more

4 metrics

New program repurchase authorization Up to 1,000,000 shares Begins after the current program expires on October 31, 2026, and continues until October 31, 2027

Current-program shares remaining 381,532 shares Available under the current program expiring October 31, 2026

Quarterly cash dividend $0.27 per share Payable November 9, 2026, to shareholders of record November 2, 2026

Consecutive quarterly cash dividends 111 The announced dividend marks the 111th consecutive quarterly cash dividend

Key Terms

10b5-1 Plan, material non-public information, privately negotiated transactions

3 terms

10b5-1 Plan regulatory

"enter into the 10b5-1 Plan with a nationally recognized broker"

A 10b5-1 plan is a pre-arranged strategy that allows company insiders to buy or sell their shares at predetermined times and prices, even while they are aware of confidential information. It acts like a scheduled appointment for trading, helping ensure transactions happen transparently and legally, which can reassure investors that trades are not based on insider knowledge.

material non-public information regulatory

"not otherwise in possession of material non-public information"

Material non-public information is important news about a company that hasn't been shared with the public yet, like a secret that could affect its stock price. Using this inside information to buy or sell stocks is unfair and illegal because it gives someone an unfair advantage over others who don’t have the same info.

privately negotiated transactions financial

"open-market transactions or privately negotiated transactions"

Privately negotiated transactions are deals made directly between parties without involving a public marketplace or open auction. They are like private sales between two individuals rather than items sold at a busy marketplace open to everyone. For investors, these transactions can offer more tailored terms and privacy, but they may also carry different risks and less transparency compared to public exchanges.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares can Sierra Bancorp repurchase under its new program?

Sierra Bancorp authorized repurchases of up to 1,000,000 shares. The program begins after the current program expires on October 31, 2026, and continues until October 31, 2027. Purchases may be made in open-market or privately negotiated transactions.

What is BSRR's quarterly dividend and when is it payable?

Sierra Bancorp declared a quarterly cash dividend of $0.27 per share, payable November 9, 2026, to shareholders of record November 2, 2026. The company says this is its 111th consecutive quarterly cash dividend.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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false 0001130144 0001130144 2026-10-22 2026-10-22

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) October 22, 2026

SIERRA BANCORP

(Exact name of registrant as specified in its charter)

​

California 000-33063 33-0937517

(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

86 North Main Street, Porterville, CA 93257

(Address of principal executive offices)             (Zip code)

(559) 782-4900

(Registrant’s telephone number including area code)

Not applicable

(Former name or former address, if changed since last report)

 ​

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	​	Trading Symbol(s)	​	Name of each exchange on which registered
Common Stock, no par value	​	BSRR	​	NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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ITEM 8.01 OTHER EVENTS

On October 23, 2026, Sierra Bancorp (the “Company”) issued a press release announcing that on October 22, 2026, its Board of Directors approved a share repurchase program for up to 1,000,000 shares of outstanding common stock beginning at the end of the expiration of the current share repurchase program on October 31, 2026, and continuing until October 31, 2027. 381,532 shares remain available for repurchase under the current repurchase program expiring on October 31, 2026. Shares may be purchased in the open market or in privately negotiated transactions and will be executed in compliance with applicable federal and state securities laws and bank regulations, including without limitation, Rules 10b-18 and 10b5-1 promulgated under the Securities Act of 1934, as amended (the “Exchange Act”). The board has also authorized management to enter into the 10b5-1 Plan with a nationally recognized broker as appropriate as long as the Company is not in a blackout period and the Company is not otherwise in possession of material non-public information. Repurchases by such broker are to be made in compliance with the Exchange Act.

On October 22, 2026, the Board of Directors of Sierra Bancorp (the “Company”) approved a cash dividend to shareholders.  The quarterly cash dividend of twenty-seven cents ($0.27) per share of common stock will be payable on November 9, 2026, to shareholders of record at the close of business on November 2, 2026.

The press release issued by the Company in connection with the dividend is included as Exhibit 99.1 to this Current Report on Form 8-K and incorporated into this Item 8.01 by reference. 

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d)        Exhibits. The information required to be furnished pursuant to this item is set forth in the Exhibit Index which appears below, immediately before the signatures.

EXHIBIT INDEX

Exhibit No.	​​​	Description
​	​	​
99.1	​	Press release issued by Sierra Bancorp dated October 23, 2026
104	​	Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101)

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SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SIERRA BANCORP
​​​​Dated:  October 23,2026	By:	/s/ Christopher G. Treece
	Christopher G. Treece Executive Vice President & Chief Financial Officer

 ​

Exhibit 99.1

FOR IMMEDIATE RELEASE

Date:                            October 23, 2026

Contact:                        Kevin McPhaill, President/Chief Executive Officer

Phone:                          (559) 782-4900 or (888) 454-BANK

Website Address:          www.sierrabancorp.com

SIERRA BANCORP ANNOUNCES SHARE REPURCHASE PROGRAM AND DECLARES QUARTERLY CASH DIVIDEND

PORTERVILLE, CALIF. -- (BUSINESS WIRE) – Sierra Bancorp (Nasdaq: BSRR), parent of Bank of the Sierra, announced that its Board of Directors has approved a new share repurchase program authorizing the Company to repurchase up to one million (1,000,000) shares of its outstanding common stock, from time to time, commencing after the current share repurchase program expires on October 31, 2026, and continuing until October 31, 2027. This new share repurchase program replaces and supersedes the current share repurchase program dated October 23, 2025, for 1,000,000 shares. 381,532 shares remain available for repurchase under the current share repurchase program expiring on October 31, 2026. Shares may be repurchased in open-market transactions or privately negotiated transactions executed in compliance with applicable federal and state securities laws. The timing of the repurchases and the number of shares repurchased under the program will depend on a variety of factors including price, trading volume, corporate and regulatory requirements, and market conditions. The Board further authorized Management to enter into a 10b5-1 Plan with a nationally recognized broker-dealer to facilitate share repurchases as appropriate.

The Company also announced that its Board of Directors has declared a regular quarterly cash dividend of $0.27 per share. The dividend was approved subsequent to the Board’s review of the Company’s financial performance and capital for the quarter ended September 30, 2026, and will be paid on November 9, 2026, to shareholders of record as of November 2, 2026. Counting dividends paid by Bank of the Sierra prior to the formation of Sierra Bancorp, the Company has paid regular cash dividends to shareholders every year since 1987, comprised of annual dividends through 1998 and quarterly dividends thereafter. The dividend noted in today’s announcement marks the Company’s 111^th consecutive quarterly cash dividend.

Sierra Bancorp is the holding Company for Bank of the Sierra (www.bankofthesierra.com), which is in its 49^th year of operations and strives to be the preeminent bank headquartered in the South San Joaquin Valley. Bank of the Sierra offers a broad range of retail and commercial banking services through its 34 full-service branches located within the counties of Tulare, Kern, Kings, Fresno, Ventura, San Luis Obispo, and Santa Barbara. The Bank also maintains an online branch and provides specialized lending services through its mortgage warehouse division. Bank of the Sierra is recognized as one of the strongest and top-performing community banks in the country, with a 5-star rating from Bauer Financial.

Forward-Looking Statements

The statements contained in this release that are not historical facts are forward-looking statements based on management's current expectations and beliefs concerning future de­velopments and their potential effects on the Company. Readers are cautioned not to unduly rely on forward looking statements. Actual results may differ from those projected. These forward-looking statements involve risks and uncertainties including but not limited to the health of the national and local economies, loan portfolio performance, the Company's ability to attract and retain skilled employees, customers' service expectations, the Company's ability to successfully de­ploy new technology, the success of acquisitions and branch expansion, changes in interest rates, and other factors detailed in the Company's SEC filings, including the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's most recent Form 10‑K and Form 10‑Q.

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Category: Financial

Source: Sierra Bancorp

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 EXHIBIT 99.1 9.2 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.5 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 11.2 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 15.0 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.3 KB