---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-006471"
form_type: "8-K"
ticker: "BSRR"
cik: "0001130144"
company_name: "SIERRA BANCORP"
filed_at: "2023-04-24T23:59:59+00:00"
generated_at: "2026-06-16T18:23:01.794118+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sierra Bancorp Q1 net income $8.8M ($0.58 EPS); NPA ratio drops to 0.05%

## Summary
- Net income $8.75M ($0.58 diluted EPS) vs. $7.4M ($0.49) in Q1 2022; ROAA 0.97% vs 0.88%.
- Nonperforming assets fell 97% YoY to $0.9M, or 0.05% of gross loans; charge-offs $0.2M.
- Deposits increased $102.8M (16% annualized) to $2.95B; noninterest-bearing deposits 35% of total.
- Declared $0.23/share dividend payable May 15, 2023; repurchased 146,418 shares for $2.7M.
- Tangible book value per share up 2% to $18.44; Community Bank Leverage ratio 10.74%.

## SEC filing metadata
- accession: 0001558370-23-006471
- form_type: 8-K
- ticker: BSRR
- cik: 0001130144
- company_name: SIERRA BANCORP
- filed_at: 2023-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1130144/000155837023006471/0001558370-23-006471-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1130144/000155837023006471/bsrr-20230424x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-006471
- JSON: https://secwatch.observer/filing/0001558370-23-006471.json
- Plain text: https://secwatch.observer/filing/0001558370-23-006471.txt

## Key facts
- Earnings Releases
  SIERRA BANCORP reported the quarter ended March 31, 2023 results: net income $8.8 million, EPS $0.58 per diluted share.
  - Period: the quarter ended March 31, 2023
  - Net income: $8.8 million
  - EPS: $0.58 per diluted share
  - Result: reported results
  source text: Sierra Bancorp reported consolidated net income of $8.8 million, or $0.58 per diluted share, for the first quarter of 2023 compared to $7.4 million, or $0.49 per diluted share, in the first quarter of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1130144/000155837023006471/0001558370-23-006471-index.htm

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