secwatch.observer — SEC 8-K summary
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Issuer:     SIERRA BANCORP (BSRR)
CIK:        0001130144
Form:       8-K
Filed at:   2024-07-22T23:59:59+00:00
Accession:  0001558370-24-009927
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sierra Bancorp Q2 net income $10.3M, EPS $0.71; raises dividend to $0.24/share
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- Net income $10.3M ($0.71 diluted EPS) vs $9.9M ($0.67) a year ago; linked-quarter up 10%.
- Net interest margin expanded 30 bps YoY to 3.69%; net interest income up 7% YoY.
- Nonperforming loans fell 56% to 0.29% of total loans; delinquencies at 0.14%.
- Total assets grew 14% annualized to $3.7B; loan growth 14% annualized; deposits up 13% annualized.
- Dividend raised to $0.24/share (payable Aug 15, 2024); bought back 178K shares during quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1130144/000155837024009927/0001558370-24-009927-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1130144/000155837024009927/bsrr-20240722x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-009927

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