---
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"
generated_at: "2026-06-03T13:31:30.948851+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sierra Bancorp Q1 net income $9.3M ($0.64/sh), up 7% YoY; NIM improves to 3.62%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- 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/1130144/000155837024005393/0001558370-24-005393-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1130144/000155837024005393/bsrr-20240422x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-005393
- JSON: https://secwatch.observer/filing/0001558370-24-005393.json
- Plain text: https://secwatch.observer/filing/0001558370-24-005393.txt

## Key facts
- Earnings Releases
  SIERRA BANCORP reported the quarter ended March 31, 2024 results: net income $9.3 million, EPS $0.64 per diluted share.
  - Period: the quarter ended March 31, 2024
  - Net income: $9.3 million
  - EPS: $0.64 per diluted share
  - Result: reported results
  source text: Sierra Bancorp reported consolidated net income of $9.3 million, or $0.64 per diluted share, for the first quarter of 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1130144/000155837024005393/0001558370-24-005393-index.htm

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