Headquartered in Porterville, CA Fiscal year ends December NASDAQ: BSRR bankofthesierra.com
Sierra Bancorp is the holding company for Bank of the Sierra, a community bank in its 49th year of operations serving central and coastal California. Bank of the Sierra offers a broad range of retail and commercial banking services through 34 full-service branches across Tulare, Kern, Kings, Fresno, Ventura, San Luis Obispo, and Santa Barbara counties, along with an online branch and a specialized mortgage warehouse lending division. The bank's loan portfolio is diversified across commercial real estate (60%), mortgage warehouse facilities (15%), residential real estate (14%), and other commercial loans (7%). Bank of the Sierra holds a 5-star rating from Bauer Financial. The company has approximately 114,000 deposit accounts and maintains a diversified deposit base with no significant customer concentrations. Sierra Bancorp does not bank cryptocurrency companies. Updated
Record quarterly profit at this $541 million California lender came largely from credit: a $2.0 million provision benefit replaced a $3.7 million expense a year ago after a fully reserved lumber loan was resolved. Management paired it with a 111th straight quarterly dividend of $0.27 and a new one-million-share buyback.
Sierra Bancorp is the holding company for Bank of the Sierra, a community bank in its 49th year of operations serving central and coastal California.
The Wall Street consensus 12-month price target for BSRR is $43.75.