BSRR
Sierra Bancorp34.06
-0.17-0.5%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
462.88MP/E (TTM)
11.83Basic EPS (TTM)
2.88Dividend Yield
0.03%Recent Filings
8-K
8-K
10-Q
Q3 FY2025 results
Sierra Bancorp posted solid Q3 FY2025 results, with net income dipping 9% year-over-year to $9.7 million or $0.72 diluted EPS, yet net interest income climbed 4% to $32.0 million on a 12 basis point margin expansion to 3.78% (derived), fueled by a 27 basis point drop in funding costs amid lower deposit rates. Loans grew 7% year-to-date to $2.5 billion, driven by 39% higher mortgage warehouse utilization, while deposits edged up 1% to $2.9 billion with noninterest-bearing balances hitting 37%. Provision for credit losses jumped to $3.7 million from $1.2 million, tied to reserves on one agricultural loan, but nonperforming assets fell to 0.56% of loans. Cash equivalents stood at $95.5 million, backed by $624 million in FHLB availability and $461 million in unsecured lines. Competition in California's Central Valley could pressure margins further.
8-K
New buyback and dividend approved
Sierra Bancorp's board approved a new share repurchase program on October 23, 2025, authorizing up to 1,000,000 shares starting November 1, 2025, through October 31, 2026, replacing the exhausted prior program. They also declared a quarterly cash dividend of $0.25 per share, payable November 14, 2025, to shareholders of record November 3, 2025—marking the 107th consecutive payout. This signals strong capital confidence amid economic uncertainties like inflation and interest rates.
10-Q
Q2 FY2025 results
Sierra Bancorp posted solid Q2 FY2025 results, with net income up 4% y/y to $10.6M and diluted EPS rising to $0.78 from $0.71, driven by net interest income growth of $0.5M (2% y/y) as deposit costs fell 23 bps while earning asset yields dipped just 20 bps. Loans expanded 4% y/y to $2.4B, fueled by 23% growth in mortgage warehouse lines, though nonperforming loans ticked up to 0.62% of gross loans after a $5.3M charge-off on an agricultural loan; the provision rose to $1.2M (y/y) but the ACL held steady at 0.89% of loans. Deposits climbed 3% y/y to $3.0B, with noninterest-bearing accounts at 36%, bolstering liquidity—cash equivalents hit $130M and FHLB availability stood at $606M. Noninterest income jumped 12% y/y on BOLI gains, yet expenses edged up 5% from deferred comp costs. Share repurchases totaled $3.8M in Q2. Regulatory pressures on CRE concentrations loom as a key watch point.
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