Short answer
SIERRA BANCORP (BSRR) filed an 8-K current report with the SEC on April 27, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). Q1 2026 results covered three months ended March 31, 2026.
SIERRA BANCORP 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Q1 2026 results covered three months ended March 31, 2026
- Unaudited consolidated results issued April 27, 2026
- Detailed financial results available in Exhibit 99.1 accompanying the 8-K
Item EX-99.1 · Exhibit EX-99.1
- Q1 net income $12.5M, EPS $0.96, up 38% and 47% YoY, respectively, signaling stronger earnings power
- ROAA 1.39% and ROAE 13.88%, while efficiency ratio improved to 56.45% from 60.62%
- Deposits rose 3% YoY to $2.93B, with noninterest-bearing balances at 35.2%; funding costs fell to 1.33%
- Loans declined 3% sequentially to $2.47B, reflecting seasonal mortgage warehouse paydowns and lower new credit extended
- Asset quality improved as nonperforming assets fell 30% to $10.4M, though one agricultural relationship moved to nonaccrual status
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