Monitor next quarter for sustained margin expansion and credit quality trends; the 5th consecutive efficiency ratio improvement signals strong cost discipline. Watch for any changes in mortgage warehouse loan utilization, a key driver of asset growth.
Price Chart
Executive Summary
Sierra Bancorp reported strong Q1 2026 earnings with diluted EPS of $0.96, a 47% increase YoY and a 17.1% beat versus consensus, driven by improved net interest margin, lower credit loss provision, and disciplined expense management. Return on average assets held steady at 1.39%.
Key Financial Metrics
Key Facts
- Diluted EPS of $0.96, up 47% YoY and 17.1% above $0.82 consensus
- Net income of $12.5M, up 38% YoY
- Net interest margin improved to 3.75% from 3.74% YoY
- Efficiency ratio improved to 56.45% from 60.62% YoY
- Provision for credit losses dropped 99% YoY to $0.1M
- Repurchased 263,632 shares during the quarter
Financial Impact
$12.5M net income, $0.96 EPS (17.1% beat)
Risk Factors
- Loan balances declined 3% QoQ due to seasonal mortgage warehouse drawdown
- Net interest income down 4% QoQ despite margin stability
- Noninterest income remains volatile, driven by one-time items like FHLB dividends
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-049086 |
| Document: bsrr-20260427x8k.htm | 0001104659-26-049086 |
| Document: 0001104659-26-049086-index-headers.html | 0001104659-26-049086 |
| Document: 0001104659-26-049086-index.html | 0001104659-26-049086 |
| Document: 0001104659-26-049086.txt | 0001104659-26-049086 |
| 8-K Data (Synthetic) | 0001104659-26-049086 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 8-K | — | awaiting T+60 | — | — |
Oct 23, 2026 3d ago | 8-K | $41.74 | awaiting T+60 | — | $42.30 (+1.34%) |
Jul 27, 2026 13w ago | 8-K | $41.16 $39.23 | ▲ +4.69% | ▲ +8.39% | $42.30 (−2.77%) |
Jul 27, 2026 13w ago | 8-K | $41.16 $39.23 | ▼ −4.69% | ▼ −8.39% | $42.30 (+2.77%) |
Jul 24, 2026 13w ago | 8-K | $41.88 $39.23 | ▼ −6.33% | ▼ −10.06% | $42.30 (+1.00%) |
May 29, 2026 21w ago | Insider Cluster | $37.68 $39.46 | ▲ +4.72% | ▲ +3.49% | $42.30 (+12.26%) |
May 22, 2026 22w ago | Insider Cluster | $38.44 $39.72 | ▲ +3.33% | ▲ +0.61% | $42.30 (+10.04%) |
May 4, 2026 25w ago | 8-K | $35.82 $41.05 | ▲ +14.60% | ▲ +12.74% | $42.30 (+18.09%) |
Apr 27, 2026 26w ago | 8-K | $36.82 $41.47 | ▲ +12.64% | ▲ +7.86% | $42.30 (+14.89%) |
Apr 24, 2026 26w ago | 8-K | $36.01 $41.86 | ▲ +16.24% | ▲ +11.16% | $42.30 (+17.46%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers