Sierra Bancorp Reports Record Quarterly Income
Sierra Bancorp posted record Q3 2026 net income of $15.3 million, or $1.18 per diluted share, up 58% and 64% respectively from the prior-year quarter. Profitability improved across the board: ROA rose to 1.66%, ROE to 16.49%, net interest margin expanded 13 bps to 3.91%, and the efficiency ratio improved to 54.86%. Asset quality strengthened with nonperforming loans down to 0.38% of loans and $123.7 million of new credit extended — the best quarterly production since Q4 2020. A caveat on earnings quality: a $2.0 million provision benefit from the resolution of a previously reserved lumber-related loan plus a $1.1 million interest recovery drove a large share of the increase.
Key figures
- Eps
- 1.18
- Revenue
- $32.4 million
- Revenue Yoy
- 1%
- Nim
- 3.91%
- Roa
- 1.66%
- Roe
- 16.49%
- Total assets
- $3.68 billion
- Net income q3
- 15300000
- Net income yoy
- 58%
- Total deposits
- $2.98 billion
- Efficiency ratio
- 54.86%
- Dividend per share
- $0.27
- New credit extended q3
- $123.7 million
- Nonperforming loans ratio
- 0.38%
- Pre tax pre provision income
- $17.8 million
- Tangible book value per share
- 25.79
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.