Sierra Bancorp (BSRR) Reports Q3 Earnings: What Key Metrics Have to Say

Core Insights - Sierra Bancorp reported revenue of $38.58 million for Q3 2024, a year-over-year increase of 7.6% and a surprise of +0.73% over the Zacks Consensus Estimate of $38.3 million [1] - The EPS for the quarter was $0.74, compared to $0.68 a year ago, with an EPS surprise of +1.37% against the consensus estimate of $0.73 [1] Financial Performance Metrics - Net Interest Margin stood at 3.7%, matching the average estimate from three analysts [1] - Efficiency ratio (tax-equivalent) was 58.4%, slightly better than the average estimate of 59.2% [1] - Total Non-performing loans were reported at $10.35 million, exceeding the average estimate of $6.99 million from two analysts [1] - Net Charge-Offs as a percentage of Average Loans was 0%, better than the estimated 0.2% [1] - Average Interest-Earning Assets totaled $3.39 billion, aligning with the average estimate from two analysts [1] - Total Nonperforming Assets were also $10.35 million, above the average estimate of $6.99 million [1] - Total non-interest income reached $7.79 million, slightly above the average estimate of $7.69 million [1] - Net Interest Income was reported at $30.79 million, compared to the average estimate of $30.96 million [1] Stock Performance - Shares of Sierra Bancorp have returned -8.7% over the past month, contrasting with the Zacks S&P 500 composite's +2.8% change [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [2]