Sierra Bancorp: Fourth Quarter Earnings Overview

Sierra Bancorp Announces Fourth-Quarter Financial Results

Sierra Bancorp, headquartered in Porterville, California, has released its financial results for the fourth quarter, reporting a net income of $12.9 million.

The company achieved earnings of $0.97 per share, surpassing the consensus estimate of $0.85 per share from four analysts polled by Zacks Investment Research.

During the quarter, Sierra Bancorp, the parent company of Bank of the Sierra, generated $50.6 million in total revenue. After accounting for interest expenses, net revenue stood at $39.3 million, which was slightly below the $40 million anticipated by three Zacks analysts.

For the full year, Sierra Bancorp posted a profit of $42.3 million, translating to $3.11 per share, with annual revenue reaching $155.3 million.

Since the start of the year, Sierra Bancorp's stock price has increased by just over 8%, and over the past twelve months, shares have climbed 17%.

Financial data for this article was provided by Zacks Investment Research and compiled by Automated Insights.