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Sierra Bancorp (BSRR) Reports Q3 Earnings: What Key Metrics Have to Say
BSRRSierra Bancorp(BSRR) ZACKS·2024-10-22 14:35

Core Insights - Sierra Bancorp reported revenue of 38.58millionforQ32024,ayear−over−yearincreaseof7.638.58 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,comparedto0.74, compared to 0.68 a year ago, with an EPS surprise of +1.37% against the consensus estimate of 0.73[1]FinancialPerformanceMetrics−NetInterestMarginstoodat3.70.73 [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 6.99millionfromtwoanalysts[1]−NetCharge−OffsasapercentageofAverageLoanswas06.99 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 10.35million,abovetheaverageestimateof10.35 million, above the average estimate of 6.99 million [1] - Total non-interest income reached 7.79million,slightlyabovetheaverageestimateof7.79 million, slightly above the average estimate of 7.69 million [1] - Net Interest Income was reported at 30.79million,comparedtotheaverageestimateof30.79 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]