secwatch.observer — SEC 8-K summary
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Issuer:     SIERRA BANCORP (BSRR)
CIK:        0001130144
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0001558370-23-012116
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1130144/000155837023012116/0001558370-23-012116-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1130144/000155837023012116/bsrr-20230724x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-012116

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