Recent Updates — BSRR

Sierra Bancorp reported consolidated net income of $15.3 million, or $1.18 per diluted share, for the third quarter ended September 30, 2026, compared to $9.7 million, or $0.72 per diluted share, in the prior-year period. For the first nine months of 2026, net income reached $37.7 million, or $2.90 per diluted share. The quarter's results were driven by a favorable change in credit loss provision due to the resolution of a reserved loan, higher net interest income, and reduced noninterest expense. Tangible book value per share increased to $25.79. Sierra Bancorp operates as a bank holding company for Bank of the Sierra, providing commercial banking services.

Sierra Bancorp's Board of Directors declared a regular quarterly cash dividend of $0.27 per share, payable on November 9, 2026, to shareholders of record as of November 2, 2026. This marks the company's 111th consecutive quarterly cash dividend. Additionally, the board approved a new share repurchase program authorizing the purchase of up to 1,000,000 shares of common stock. The new program commences after the current program expires on October 31, 2026, and continues until October 31, 2027. Sierra Bancorp is the holding company for Bank of the Sierra, a community bank providing retail and commercial banking services through 34 branches in California.

Sierra Bancorp reported second quarter 2026 net income of $9.9 million, or $0.77 per diluted share, and first half 2026 net income of $22.4 million, or $1.72 per diluted share. The company declared a $0.27 per share dividend payable on August 10, 2026, and repurchased 396,429 shares during the first half of the year. Total assets decreased 3% to $3.72 billion at June 30, 2026, primarily due to lower mortgage warehouse balances. The company operates as a bank holding company for Bank of the Sierra in California.