SIERRA BANCORP

For the period ended Sep 30, 2025. Filed Oct 31, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Oct 31, 2025

BSRR$42.14+0.5%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Income

FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025, and 2024


· · Three months ended September 30, · · Nine months ended September 30,
· 2025 · 2024 · 2025 · · 2024
Interest and dividend income
Loans, including fees	$32,924	$29,998	$94,708	$83,943
Taxable securities	9,104	11,991	27,539	38,081
Tax-exempt securities	1,580	1,584	4,733	5,164
Federal funds sold and other	329	1,225	1,128	2,065
Total interest income	43,937	44,798	128,108	129,253
Interest expense
Deposits	9,606	11,980	28,304	32,656
Federal funds purchased and repurchase agreements	420	62	1,087	415
Federal Home Loan Bank advances	857	786	2,729	2,954
Long-term debt	429	429	1,289	1,291
Subordinated debentures	657	751	1,965	2,261
Total interest expense	11,969	14,008	35,374	39,577
Net interest income	31,968	30,790	92,734	89,676
Credit loss expense - loans	3,709	1,240	6,880	2,258
Credit loss (benefit) expense - unfunded commitments	(20)	120	80	130
Credit loss benefit - debt securities held-to-maturity	—	(1)	—	(1)
Net interest income after credit loss expense	28,279	29,431	85,774	87,289
Noninterest income
Service charges and fees on deposit accounts	6,065	6,205	17,501	18,114
Net gain (loss) on sale of securities available-for-sale	—	73	124	(2,810)
Net (loss) gain on sale of fixed assets	—	—	(22)	3,799
Increase in cash surrender value of life insurance	410	252	991	733
Earnings on separate account life insurance	608	288	1,078	1,545
Other income	975	971	3,580	2,628
Total noninterest income	8,058	7,789	23,252	24,009
Noninterest expense
Salaries and benefits	12,827	12,363	38,375	37,589
Occupancy and equipment costs	3,234	2,995	9,354	9,173
Other	7,574	7,452	22,090	23,266
Total noninterest expense	23,635	22,810	69,819	70,028
Income before taxes	12,702	14,410	39,207	41,270
Provision for income taxes	3,003	3,807	9,774	11,074
Net income	$9,699	$10,603	$29,433	$30,196

PER SHARE DATA
Book value	$26.71	$24.88	$26.71	$24.88
Cash dividends	$0.25	$0.24	$0.75	$0.70
Earnings per share basic	$0.73	$0.75	$2.17	$2.11
Earnings per share diluted	$0.72	$0.74	$2.15	$2.09
Average shares outstanding, basic	13,361,594	14,188,051	13,582,194	14,331,032
Average shares outstanding, diluted	13,470,658	14,335,706	13,674,934	14,437,786

Total shareholders' equity (in thousands)	$360,083	$358,698	$360,083	$358,698
Shares outstanding	13,482,458	14,414,561	13,482,458	14,414,561
Dividends paid (in thousands)	$3,382	$3,431	$10,346	$10,179

ContentsView on SEC.gov

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