Sierra Bancorp Posts $1.18 Third-Quarter EPS
BSRR sits 58% above its 52-week low of $26.49.
Summary
Sierra Bancorp reported third-quarter EPS of $1.18, up from $0.72 a year earlier, with net income of $15.3M and a return on assets of 1.66%. That compares with Q2 net income of $9.9M, which had fallen 7% year over year after a $2.5M specific loan reserve, even as the net interest margin improved and nonperforming assets dropped. The stock is trading near its 52-week high of $43.125, so expectations are already elevated. The board's new 1,000,000-share buyback starts November 1, 2026, alongside the $0.27 dividend declared October 23.
At the time of this announcement, BSRR was trading at $41.74 on NASDAQ in the Finance sector, with a market capitalization of approximately $541.1M. The 52-week trading range was $26.49 to $43.13. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.