Overview

* Sierra Bancorp ( BSRR ) Q2 net income rises 4% to $10.6 mln

* Diluted EPS increases to $0.78 from $0.71 in Q2 2024

* Company repurchased 135,641 shares during the quarter

Result Drivers

* LOAN GROWTH - Sierra Bancorp ( BSRR ) reported a 22% annualized increase in overall loan growth, reaching $2.43 bln; Gross loans increased 4%, mainly on higher mortgage warehouse and commercial real estate loans,

* NONINTEREST INCOME - Noninterest income rose by $1.9 mln, or 29%, from the previous quarter, driven by a $1.5 mln increase in bank-owned life insurance and a $0.3 mln increase in service charge income

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.78

Q2 Net $10.63

Income mln

Q2 Net 3.7%

Interest

Margin

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)