secwatch.observer — SEC 8-K summary
======================================

Issuer:     SIERRA BANCORP (BSRR)
CIK:        0001130144
Form:       8-K
Filed at:   2025-04-28T23:59:59+00:00
Accession:  0001558370-25-005624
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sierra Bancorp Q1 2025 EPS $0.65; NIM 3.74%, efficiency ratio improves to 60.62%
--------------------------------------------------------------------------------

- Net income $9.1M ($0.65 diluted) vs $9.3M ($0.64) in Q1 2024; EPS up 1.6% YoY.
- Net interest margin 3.74% vs 3.62% YoY; efficiency ratio 60.62% vs 65.97%.
- Loan growth ex-warehouse +$18.6M (4% annualized); brokered deposits reduced $85M.
- Tangible book value $23.44/share (+1% QoQ); repurchased 476,770 shares at avg $29.71.
- Declared $0.25 dividend payable May 15, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1130144/000155837025005624/0001558370-25-005624-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1130144/000155837025005624/bsrr-20250428x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-25-005624

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer