---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-000678"
form_type: "8-K"
ticker: "BSRR"
cik: "0001130144"
company_name: "SIERRA BANCORP"
filed_at: "2023-01-30T23:59:59+00:00"
generated_at: "2026-06-20T06:25:50.350751+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sierra Bancorp Q4 net income down 26% YoY to $7.1M on $6.8M dairy loan charge-off

## Summary
- Q4 net income $7.1M ($0.47 EPS) vs $9.6M ($0.63) in Q4 2021, down 26%.
- Full year 2022 net income $33.7M ($2.25 EPS) vs $43.0M ($2.80) in 2021.
- Provision for credit losses surged $7.7M in Q4, driven by a $6.8M charge-off on one dairy loan relationship.
- Net interest margin stable at 3.63% in Q4 2022 vs 3.31% in Q4 2021; net interest income up 11% to $29.4M.
- Total assets $3.6B (+7% YoY); gross loans $2.05B (+$63M); total deposits $2.85B (+$65M).

## SEC filing metadata
- accession: 0001558370-23-000678
- form_type: 8-K
- ticker: BSRR
- cik: 0001130144
- company_name: SIERRA BANCORP
- filed_at: 2023-01-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1130144/000155837023000678/0001558370-23-000678-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1130144/000155837023000678/bsrr-20230130x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-000678
- JSON: https://secwatch.observer/filing/0001558370-23-000678.json
- Plain text: https://secwatch.observer/filing/0001558370-23-000678.txt

## Key facts
- Earnings Releases
  SIERRA BANCORP reported the year ended 2022 results: net income $33.7 million, EPS $2.25 per diluted share.
  - Period: the year ended 2022
  - Net income: $33.7 million
  - EPS: $2.25 per diluted share
  - Result: reported results
  source text: For the year ended 2022, the Company recognized net income of $33.7 million, or $2.25 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1130144/000155837023000678/0001558370-23-000678-index.htm
- Earnings Releases
  SIERRA BANCORP reported the fourth quarter of 2022 results: net income $7.1 million, EPS $0.47 per diluted share.
  - Period: the fourth quarter of 2022
  - Net income: $7.1 million
  - EPS: $0.47 per diluted share
  - Result: reported results
  source text: Sierra Bancorp reported consolidated net income in the fourth quarter of 2022 of $7.1 million, or $0.47 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1130144/000155837023000678/0001558370-23-000678-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.