Sierra Bancorp Announces Share Repurchase Program and Declares Quarterly Cash Dividend

Sierra Bancorp Announces Share Repurchase Program and Declares Quarterly Cash Dividend

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.