09:04 AM EDT, 10/24/2025 (MT Newswires) -- Sierra Bancorp ( BSRR ) said Friday its board authorized a new share repurchase program for up to 1 million common shares.

The new program will begin after the current one expires at the end of the month and continue until Oct. 31, 2026, the company said.

Sierra said its board also authorized the management to enter into a 10b5-1 plan with a nationally recognized broker-dealer to facilitate share repurchases.

Additionally, the company maintained its quarterly cash dividend of $0.25 per share, payable on Nov. 14 to shareholders of record as of Nov. 3.

Shares of Sierra Bancorp ( BSRR ) were up more than 4% in recent premarket activity Friday.