Sierra Bancorp Q2 net income rises 8% to $9.9M; EPS $0.67; declares $0.23 dividend

SIERRA BANCORP

2023-Q2 EPS reported $1.26

Q2 net income $9.9M ($0.67 diluted EPS) vs $9.2M ($0.61) in Q2 2022; H1 net income $18.7M ($1.26) up 12% from $16.6M
Nonperforming loans fell to 0.05% of gross loans from 1.47% a year ago; total NPA dropped 96% to $1.1M
Repurchased 235,148 shares for $3.8M in Q2; tangible book value per share up 3% to $18.93
Deposits down 1% linked quarter but up 3% YTD; uninsured deposits fell from 30% to 27% of total
Net interest margin (tax-equiv) 3.39% vs 3.47% linked quarter; total loans grew $60.4M (+3%) in Q2

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SIERRA BANCORP reported the six months ended June 30, 2023 results: net income $18.7 million, EPS $1.26 per diluted share.

Period: the six months ended June 30, 2023
Net income: $18.7 million
EPS: $1.26 per diluted share
Result: reported results

Exact text from the filing

For the first six months of 2023, the Company recognized net income of $18.7 million, or $1.26 per diluted share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SIERRA BANCORP reported the three months ended June 30, 2023 results: net income $9.9 million, EPS $0.67 per diluted share.

Period: the three months ended June 30, 2023
Net income: $9.9 million
EPS: $0.67 per diluted share
Result: reported results

Exact text from the filing

Sierra Bancorp reported consolidated net income of $9.9 million, or $0.67 per diluted share, for the second quarter of 2023

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SIERRA BANCORP filing history →

Source: SEC EDGAR

accession 0001558370-23-012116

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