earnings
confidence high
sentiment positive
materiality 0.75
Sierra Bancorp Q4 net income $10.4M ($0.72 EPS), up 65% YoY; FY net income $40.6M
SIERRA BANCORP
2024-FY EPS reported
$2.82
- Q4 net income $10.4M ($0.72 diluted EPS) vs $6.3M ($0.43) in Q4 2023; full-year $40.6M ($2.82) vs $34.8M ($2.36).
- Net interest margin expanded 34 bps to 3.65%; loans grew 12% YoY to $2.33B; deposits up 5% to $2.89B.
- Board increased quarterly dividend to $0.25/share (up $0.01), marking 104th consecutive quarterly dividend.
- Repurchased 229,850 shares in Q4 at avg $29.38; additional 112,896 shares through Jan 23, 2025.
- Tangible book value per share rose to $23.15 from $20.91 a year ago; Community Bank Leverage Ratio 11.80%.