---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-016594"
form_type: "8-K"
ticker: "BSRR"
cik: "0001130144"
company_name: "SIERRA BANCORP"
filed_at: "2023-10-23T23:59:59+00:00"
generated_at: "2026-06-09T16:18:07.033197+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sierra Bancorp Q3 net income $9.9M ($0.68 EPS), NIM compresses to 3.30%

## Summary
- Q3 net income $9.9M ($0.68 diluted EPS), flat YoY and linked quarter; 9-month net income $28.6M ($1.93 EPS), up 8%.
- Net interest margin (tax-equivalent) fell to 3.30% from 3.39% in Q2 and 3.63% in Q3 2022.
- Nonperforming loans dropped to $0.8M (0.04% of loans) from $26.8M a year ago, due to resolution of a dairy relationship.
- Repurchased 99,528 shares for $2.0M in Q3; declared $0.23/share dividend (payable Nov 14), 99th consecutive quarterly.
- Tangible book value per share rose 1% to $19.04; total assets $3.74B, down 1% linked quarter but up 4% YTD.

## SEC filing metadata
- accession: 0001558370-23-016594
- form_type: 8-K
- ticker: BSRR
- cik: 0001130144
- company_name: SIERRA BANCORP
- filed_at: 2023-10-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1130144/000155837023016594/0001558370-23-016594-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1130144/000155837023016594/bsrr-20231023x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-016594
- JSON: https://secwatch.observer/filing/0001558370-23-016594.json
- Plain text: https://secwatch.observer/filing/0001558370-23-016594.txt

## Key facts
- Earnings Releases
  SIERRA BANCORP reported three- and nine-month periods ended September 30, 2023 results: net income $9.9 million, EPS $0.68 per diluted share.
  - Period: three- and nine-month periods ended September 30, 2023
  - Net income: $9.9 million
  - EPS: $0.68 per diluted share
  - Result: reported results
  source text: Sierra Bancorp reported consolidated net income of $9.9 million, or $0.68 per diluted share, for the third quarter of 2023, and $28.5 million or $1.93 per diluted shares, for the first nine months of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1130144/000155837023016594/0001558370-23-016594-index.htm

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