secwatch.observer — SEC 8-K summary
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Issuer:     SIERRA BANCORP (BSRR)
CIK:        0001130144
Form:       8-K
Filed at:   2024-10-21T23:59:59+00:00
Accession:  0001558370-24-013406
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1130144/000155837024013406/0001558370-24-013406-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1130144/000155837024013406/bsrr-20241021x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-013406

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