Sierra Bancorp Reports Record Quarterly Income
Key Highlights
- ➤Q3 net income $15.3 million, up 58% year over year
- ➤Q3 diluted EPS $1.18, up 64% from $0.72
- ➤Net interest margin expanded to 3.91% from 3.78%
- ➤Total deposits increased $108.3 million, or 4%, from year-end 2025
- ➤Nonperforming loans declined to 0.38% from 0.52% at year-end 2025
Expert Statements
Kevin McPhaill, CEO and President of Sierra Bancorp
“It was an incredible quarter for our Bank as we earned record-breaking results!”
Kevin McPhaill, CEO and President of Sierra Bancorp
“In a highly competitive environment coupled with economic uncertainty, we achieved record profits, solid core deposit growth, and our highest quarterly gross loan production since 2020.”
Kevin McPhaill, CEO and President of Sierra Bancorp
“This is a testament to our team’s consistent and disciplined execution of our strategy, which focuses on people and improved processes in order to achieve strong profitability growth.”
Kevin McPhaill, CEO and President of Sierra Bancorp
“When that strategy is combined with outstanding relationships in our communities, you get the superb outcomes we see today!”
Kevin McPhaill, CEO and President of Sierra Bancorp
“While the thrill of announcing excellent results is wonderful, I remain even more optimistic about our future opportunities as we ‘plan to win, prepare to win, and expect to win.’”
Sierra Bancorp (Nasdaq: BSRR), parent of Bank of the Sierra, today announced its unaudited financial results for the three- and nine-month periods ended September 30, 2026. Sierra Bancorp reported consolidated net income of $15.3 million, or $1.18 per diluted share, for the third quarter of 2026, compared to $9.7 million, or $0.72 per diluted share, in the third quarter of 2025. Return on average assets was 1.66% and return on average equity was 16.49% for the third quarter of 2026, compared to 1.04% and 10.81%, respectively, for the same period in 2025.
For the first nine months of 2026, the Company recognized net income of $37.7 million, or $2.90 per diluted share, as compared to $29.4 million, or $2.15 per diluted share, for the same period in 2025. The Company's improved financial performance metrics for the first nine months of 2026 include a net interest margin of 3.80% and an efficiency ratio of 56.73%, as compared to a net interest margin of 3.73% and efficiency ratio of 59.32% for the same period in 2025.
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