{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-005393","form_type":"8-K","ticker":"BSRR","cik":"0001130144","company_name":"SIERRA BANCORP","filed_at":"2024-04-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.387186+00:00","generated_at":"2026-06-03T13:31:30.948851+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Sierra Bancorp Q1 net income $9.3M ($0.64/sh), up 7% YoY; NIM improves to 3.62%","bullets":["Net income of $9.3M ($0.64 diluted EPS) vs. $8.8M ($0.58) in Q1 2023, a 7% increase.","Net interest margin improved to 3.62% from 3.31% in prior quarter, aided by balance sheet restructuring.","Completed sale of $250.6M in low-yielding bonds; proceeds used to pay down borrowings and fund loan growth.","Loans grew $66.8M (13% annualized); deposits up $85.8M (12% annualized); nonperforming assets low at 0.66%.","Declared $0.23/sh dividend payable May 13, 2024; repurchased 178,937 shares in Q1."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-005393","json":"https://secwatch.observer/filing/0001558370-24-005393.json","markdown":"https://secwatch.observer/filing/0001558370-24-005393.md","text":"https://secwatch.observer/filing/0001558370-24-005393.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1130144/000155837024005393/0001558370-24-005393-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1130144/000155837024005393/bsrr-20240422x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T13:31:30.948851+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7dec8bae5efa8ddf74770dca526ab964423acabe","claim":"SIERRA BANCORP reported the quarter ended March 31, 2024 results: net income $9.3 million, EPS $0.64 per diluted share.","evidence_excerpt":"Sierra Bancorp reported consolidated net income of $9.3 million, or $0.64 per diluted share, for the first quarter of 2024","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1130144/000155837024005393/0001558370-24-005393-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Net income","value":"$9.3 million"},{"label":"EPS","value":"$0.64 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}