---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-000606"
form_type: "8-K"
ticker: "BSRR"
cik: "0001130144"
company_name: "SIERRA BANCORP"
filed_at: "2024-01-29T23:59:59+00:00"
generated_at: "2026-06-06T15:45:03.641055+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Sierra Bancorp Q4 net income $6.3M ($0.43 EPS); completes branch sale-leaseback and bond sale

## Summary
- Q4 net income $6.3M, down 12% YoY; full year 2023 net income $34.8M, up 4% from 2022.
- Completed first tranche of 13-branch sale-leaseback in Dec 2023 with $15.3M gain; second tranche expected Q1 2024.
- Sold $196.7M bonds in Jan 2024 at $14.5M loss (recognized in 2023); proceeds used to pay down short-term borrowings at avg 5.52%.
- Tangible book value per share rose 10% to $20.91; NIM (tax-equivalent) declined to 3.31% from 3.63% a year ago.
- Dividend declared $0.23 per share, payable Feb 12, 2024; 100th consecutive quarterly dividend.

## SEC filing metadata
- accession: 0001558370-24-000606
- form_type: 8-K
- ticker: BSRR
- cik: 0001130144
- company_name: SIERRA BANCORP
- filed_at: 2024-01-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1130144/000155837024000606/0001558370-24-000606-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1130144/000155837024000606/bsrr-20240129x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-000606
- JSON: https://secwatch.observer/filing/0001558370-24-000606.json
- Plain text: https://secwatch.observer/filing/0001558370-24-000606.txt

## Key facts
- Earnings Releases
  SIERRA BANCORP reported financial results for three-and twelve-month periods ended December 31, 2023.
  - Period: three-and twelve-month periods ended December 31, 2023
  - Result: reported results
  source text: On January 29, 2024, Sierra Bancorp issued a press release announcing its unaudited consolidated financial results for the quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1130144/000155837024000606/0001558370-24-000606-index.htm

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