Sierra Bancorp earns $9.9 million in second quarter

• Sierra Bancorp reported second-quarter 2026 net income of $9.9 million, or $0.77 per diluted share.
• First-half 2026 net income increased to $22.4 million, with diluted earnings per share rising 20% to $1.72.
• The company said stronger net interest margin, deposit growth and lower funding costs supported performance.

Sierra Bancorp (NASDAQ:BSRR), parent company of Bank of the Sierra, reported second-quarter 2026 net income of $9.9 million, or $0.77 per diluted share, compared with $10.6 million, or $0.78 per share, in the second quarter of 2025.

The company reported first-half 2026 net income of $22.4 million, or $1.72 per diluted share, compared with $19.7 million, or $1.43 per share, in the same period last year, while net interest margin increased to 3.75%.

For the first six months of 2026, diluted earnings per share increased by $0.29, or 20%, while return on average assets improved to 1.24%, return on average equity increased to 12.38%, and the efficiency ratio improved to 57.70% from 60% a year earlier.

Sierra Bancorp reported that deposits increased by $54.6 million, or 2%, from December 31, 2025, while the company declared a dividend of $0.27 per share payable on August 10, 2026.

Sierra Bancorp operates Bank of the Sierra, providing commercial banking, lending, deposit and financial services to individuals, businesses and communities.

The company reported a community bank leverage ratio of 12.25%, tangible common equity ratio of 9.19%, and total primary and secondary liquidity sources of $1.9 billion as of June 30, 2026.