secwatch.observer — SEC 8-K summary
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Issuer:     SIERRA BANCORP (BSRR)
CIK:        0001130144
Form:       8-K
Filed at:   2023-10-23T23:59:59+00:00
Accession:  0001558370-23-016594
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1130144/000155837023016594/0001558370-23-016594-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1130144/000155837023016594/bsrr-20231023x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-016594

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