Sierra Bancorp Q3 net income $10.6M ($0.74 EPS), up 7% YoY; loan growth 15% annualized

SIERRA BANCORP

2024-Q3 EPS reported $2.09

Net income $10.6M ($0.74 diluted EPS) in Q3 2024, up from $9.9M ($0.68) in Q3 2023 and $10.3M ($0.71) in Q2 2024.
Net interest margin 3.66% (tax-equivalent); net interest income up $0.6M linked quarter to support earnings.
Gross loans grew $86.1M (15% annualized) to $2.3B; total deposits up $19.7M to $3.0B.
Tangible book value per share $22.93, up 3% QoQ; repurchased 48,904 shares in Q3.
Asset quality solid: nonperforming loans 0.45%, net charge-offs 0.01%; no foreclosed assets.

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