SIERRA BANCORP (BSRR) Form 8-K — Oct 26, 2026
Sierra Bancorp (Nasdaq: BSRR) reported record third-quarter 2026 net income of $15.3 million, or $1.18 per diluted share, up 64% from $0.72 in the year-ago quarter. Return on average assets rose to 1.66% and return on average equity to 16.49%, with net interest margin expanding 13 basis points to 3.91%. Part of the earnings jump came from a $2.0 million provision benefit after a previously fully reserved lumber-related agricultural loan was resolved through a note sale with substantially full recovery. Excluding that item, credit quality still improved, with nonperforming loans falling to 0.38% of loans and classified loans down to $27.0 million.
Key figures
- Eps
- 1.18
- Revenue
- 32400000
- Net Income
- 15300000
- Total Assets
- 3675200000
- Cash Position
- 138307000
- Shares Outstanding
- 12966397
- Gross loans
- $2.43 billion (-5% YTD)
- Roaa q3 2026
- 1.66%
- Roae q3 2026
- 16.49%
- Total deposits
- $2.98 billion (+$108.3M or 4% YTD)
- Diluted eps yoy
- +64% from $0.72
- Dividend declared
- $0.27 per share payable November 9, 2026
- Efficiency ratio q3
- 54.86%
- Nine month net income
- $37.7 million ($2.90 diluted EPS vs $2.15)
- Share repurchases ytd
- $14.4 million
- Net interest margin q3
- 3.91%
- New credit extended q3
- $123.7 million, highest quarterly production since Q4 2020
- Nonperforming loans ratio
- 0.38%
- Community bank leverage ratio
- 12.43%
- Tangible book value per share
- $25.79
AI analysis
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