secwatch.observer — SEC 8-K summary
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Issuer:     SIERRA BANCORP (BSRR)
CIK:        0001130144
Form:       8-K
Filed at:   2023-04-24T23:59:59+00:00
Accession:  0001558370-23-006471
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1130144/000155837023006471/0001558370-23-006471-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1130144/000155837023006471/bsrr-20230424x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-006471

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer