BSRR SIERRA BANCORP
Price Chart
Executive Summary
Sierra Bancorp reported strong Q1 2026 earnings with diluted EPS of $0.96, a 47% increase YoY and a 17.1% beat versus consensus, driven by improved net interest margin, lower credit loss provision, and disciplined expense management. Return on average assets held steady at 1.39%.
Actionable Insight
Monitor next quarter for sustained margin expansion and credit quality trends; the 5th consecutive efficiency ratio improvement signals strong cost discipline. Watch for any changes in mortgage warehouse loan utilization, a key driver of asset growth.
Key Facts
- Diluted EPS of $0.96, up 47% YoY and 17.1% above $0.82 consensus
- Net income of $12.5M, up 38% YoY
- Net interest margin improved to 3.75% from 3.74% YoY
- Efficiency ratio improved to 56.45% from 60.62% YoY
- Provision for credit losses dropped 99% YoY to $0.1M
- Repurchased 263,632 shares during the quarter
Financial Impact
$12.5M net income, $0.96 EPS (17.1% beat)
Risk Factors
- Loan balances declined 3% QoQ due to seasonal mortgage warehouse drawdown
- Net interest income down 4% QoQ despite margin stability
- Noninterest income remains volatile, driven by one-time items like FHLB dividends
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-049086 |
| Document: bsrr-20260427x8k.htm | 0001104659-26-049086 |
| Document: 0001104659-26-049086-index-headers.html | 0001104659-26-049086 |
| Document: 0001104659-26-049086-index.html | 0001104659-26-049086 |
| Document: 0001104659-26-049086.txt | 0001104659-26-049086 |
| 8-K Data (Synthetic) | 0001104659-26-049086 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 29, 2026
11d ago
|
Insider Cluster
| $37.68 $39.09 | ▲ +3.74% | ▲ +6.49% | $39.17 (+3.95%) |
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May 22, 2026
18d ago
|
Insider Cluster
| $38.44 $38.32 | ▼ −0.31% | ▼ −1.52% | $39.17 (+1.90%) |
|
May 4, 2026
5w ago
|
8-K
| $35.82 $37.54 | ▲ +4.80% | ▲ +1.87% | $39.17 (+9.35%) |
|
Apr 27, 2026
6w ago
|
8-K
| $36.82 $35.82 | ▼ −2.71% | ▼ −3.11% | $39.17 (+6.39%) |
|
Apr 24, 2026
6w ago
|
8-K
| $36.01 $36.08 | ▲ +0.19% | ▼ −0.72% | $39.17 (+8.77%) |
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Apr 20, 2026
7w ago
|
8-K
| $36.66 $37.08 | ▲ +1.15% | ▲ +0.24% | $39.17 (+6.85%) |
|
Apr 7, 2026
9w ago
|
DEFA14A
| $34.36 $36.09 | ▲ +5.02% | ▼ −0.31% | $39.17 (+13.99%) |
US Market Status
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