---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-012116"
form_type: "8-K"
ticker: "BSRR"
cik: "0001130144"
company_name: "SIERRA BANCORP"
filed_at: "2023-07-24T23:59:59+00:00"
generated_at: "2026-06-13T04:01:53.417702+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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

## SEC filing metadata
- accession: 0001558370-23-012116
- form_type: 8-K
- ticker: BSRR
- cik: 0001130144
- company_name: SIERRA BANCORP
- filed_at: 2023-07-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1130144/000155837023012116/0001558370-23-012116-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1130144/000155837023012116/bsrr-20230724x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-012116
- JSON: https://secwatch.observer/filing/0001558370-23-012116.json
- Plain text: https://secwatch.observer/filing/0001558370-23-012116.txt

## Key facts
- Earnings Releases
  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
  source text: For the first six months of 2023, the Company recognized net income of $18.7 million, or $1.26 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1130144/000155837023012116/0001558370-23-012116-index.htm
- Earnings Releases
  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
  source text: Sierra Bancorp reported consolidated net income of $9.9 million, or $0.67 per diluted share, for the second quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1130144/000155837023012116/0001558370-23-012116-index.htm

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