
Overview
Sierra Bancorp 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 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/Miss | Actual | Consensus Estimate |
Q2 EPS |
| $0.78 |
|
Q2 Net Income |
| $10.63 mln |
|
Q2 Net Interest Margin |
| 3.7% |
|
Press Release: ID:nBw4vQy2xa