Net Interest Margin Rises to 3.75%, Strong Profitability Reported
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 27 2026
0mins
Should l Buy BSRR?
Net interest margin increased to 3.75% as compared to 3.74% in the first quarter of 2025. Increased Tangible Book Value per share by 1% to $25.69 per share during the quarter. The Community Bank Leverage Ratio increased to 12.05% for our subsidiary bank as compared to 11.94% as of December 31, 2025. "I am extremely proud to report a strong start to 2026!" stated Kevin McPhaill, CEO and President. "Profitability remains our top strategic priority as shown by our consistently high ROAA of 1.39%. Furthermore, this was our fifth consecutive quarter of improvement to our efficiency ratio, which is directly attributable to ongoing expense management discipline. We have redoubled our community banking efforts within our branch network, resulting in an increase of 2% in core customer deposits during the first quarter. We are extremely proud of these continued strong results, and I believe the remainder of 2026 will further demonstrate our discipline, drive, and commitment to excellence!" concluded Mr. McPhaill.
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Analyst Views on BSRR
Wall Street analysts forecast BSRR stock price to fall
4 Analyst Rating
1 Buy
3 Hold
0 Sell
Hold
Current: 36.560
Low
33.00
Averages
34.17
High
36.00
Current: 36.560
Low
33.00
Averages
34.17
High
36.00
About BSRR
Sierra Bancorp is a bank holding company for Bank of the Sierra (the Bank). The Bank offers a range of retail and commercial banking services via branch offices located throughout California’s South San Joaquin Valley, the Central Coast, Ventura County, and neighboring communities. The Bank offers a range of deposit products and services for individuals and businesses, including checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts. It provides multiple account access options to meet both new and existing customer needs, such as an online account-opening platform; online banking with bill-pay and mobile banking capabilities, including mobile check deposit, and online lending solutions for consumers and small businesses; a customer service center that is accessible by toll-free telephone during business hours, and an automated telephone banking system that is generally accessible 24 hours a day, seven days a week.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
SIERRA SECURES $950 MILLION FROM NEW AND EXISTING INVESTORS, LED BY TIGER GLOBAL AND GV, AT A VALUATION EXCEEDING $15 BILLION
- Funding Announcement: Sierra is raising $950 million from new and existing investors.
- Investment Leadership: The funding round is led by Tiger Global and GV.
- Valuation Insight: The company is valued at over $15 billion.
- Market Position: This funding reflects strong investor confidence in Sierra's growth potential.
See More
Sierra Bancorp Q1 Earnings Beat Expectations
- Earnings Beat: Sierra Bancorp reported a Q1 GAAP EPS of $0.96, exceeding expectations by $0.14, indicating strong profitability that may boost investor confidence in the company's financial health.
- Revenue Miss: The revenue of $38.5 million, while up 11.1% year-over-year, fell short of market expectations by $1.07 million, reflecting challenges in revenue growth amidst a competitive landscape, which could impact future investment decisions.
- Financial Stability: Sierra Bancorp's financial data indicates stable profitability; despite the revenue miss, the earnings beat suggests effective cost control and operational efficiency, potentially laying a foundation for future growth.
- Dividend Outlook: The dividend scorecard for Sierra Bancorp indicates stability in its dividend payments; although revenue did not fully meet expectations, the strong EPS may support future dividend distributions, appealing to investors seeking reliable returns.
See More
Sierra Bancorp Declares Quarterly Dividend
- Quarterly Dividend Announcement: Sierra Bancorp (BSRR) declares a quarterly dividend of $0.26 per share, consistent with previous distributions, reflecting the company's stable cash flow and profitability.
- Yield Information: The forward yield of 2.88% provides investors with a relatively attractive return, enhancing market interest in the stock.
- Payment Schedule: The dividend will be payable on May 11, with a record date of May 4 and an ex-dividend date also on May 4, ensuring shareholders receive their earnings promptly.
- Investor Focus: Sierra Bancorp's dividend performance aligns with its historical earnings data and dividend growth trends, further solidifying its trust among investors and market position.
See More
Sierra Bancorp Declares Quarterly Cash Dividend
- Quarterly Cash Dividend: Sierra Bancorp's Board of Directors has declared a cash dividend of $0.26 per share, approved after reviewing the company's financial performance for the quarter ended March 31, 2026, and will be paid on May 11, 2026, to shareholders of record as of May 4, 2026.
- Dividend History: The company has paid regular cash dividends since 1987, marking its 109th consecutive quarterly dividend, which reflects its financial stability and commitment to returning value to shareholders.
- Banking Operations Overview: Operating for 49 years in the South San Joaquin Valley, Sierra Bancorp offers a wide range of retail and commercial banking services through its 34 full-service branches, aiming to be the preeminent bank in the region.
- Industry Recognition: In 2025, Bank of the Sierra was recognized as one of the strongest and top-performing community banks in the U.S., receiving a 5-star rating from Bauer Financial, which further solidifies its market position.
See More
Sierra Bancorp Reports Strong Q4 Earnings
- Earnings Per Share Growth: Sierra Bancorp reported a GAAP EPS of $0.97 for Q4, marking a significant increase compared to the previous year, which reflects the company's ongoing profitability improvement and boosts investor confidence.
- Strong Revenue Performance: The company achieved revenues of $39.46 million in Q4, indicating a stable revenue growth trend that underscores its competitive position and solid customer base in the market.
- Financial Health: Sierra Bancorp's financial data continues to show positive trends, demonstrating effective asset-liability management that provides a solid foundation for future expansion and investments.
- Dividend Performance: The company's dividend performance is also noteworthy, as sustained earnings growth supports future dividend payments, attracting more investors seeking stable returns.
See More
Sierra Bancorp Reports Strong Q4 2025 Financial Results
- Quarterly Net Income Growth: In Q4 2025, Sierra Bancorp reported net income of $12.9 million, a 24% increase from $10.4 million in Q4 2024, primarily driven by a $3.3 million decrease in credit loss provisions and a 5.3% rise in net interest income, demonstrating effective cost control and revenue enhancement strategies.
- Robust Asset and Loan Growth: As of December 31, 2025, total assets increased to $3.83 billion, a 6% rise from 2024, with total loans growing to $2.5 billion, reflecting a 9% annualized growth rate, primarily due to strategic enhancements in the mortgage warehouse program.
- Increased Shareholder Returns: The company repurchased 1,024,792 shares of common stock at an average price of $31.52 during 2025, while also raising the quarterly dividend to $0.26 per share, indicating a strong commitment to shareholder returns and boosting investor confidence.
- Improved Capital Ratios: As of December 31, 2025, the community bank leverage ratio rose to 11.94%, reflecting strong capital management and providing robust support for future business expansion opportunities.
See More
SIERRA SECURES $950 MILLION FROM NEW AND EXISTING INVESTORS, LED BY TIGER GLOBAL AND GV, AT A VALUATION EXCEEDING $15 BILLION
- Funding Announcement: Sierra is raising $950 million from new and existing investors.
- Investment Leadership: The funding round is led by Tiger Global and GV.
- Valuation Insight: The company is valued at over $15 billion.
- Market Position: This funding reflects strong investor confidence in Sierra's growth potential.
See More
Sierra Bancorp Q1 Earnings Beat Expectations
- Earnings Beat: Sierra Bancorp reported a Q1 GAAP EPS of $0.96, exceeding expectations by $0.14, indicating strong profitability that may boost investor confidence in the company's financial health.
- Revenue Miss: The revenue of $38.5 million, while up 11.1% year-over-year, fell short of market expectations by $1.07 million, reflecting challenges in revenue growth amidst a competitive landscape, which could impact future investment decisions.
- Financial Stability: Sierra Bancorp's financial data indicates stable profitability; despite the revenue miss, the earnings beat suggests effective cost control and operational efficiency, potentially laying a foundation for future growth.
- Dividend Outlook: The dividend scorecard for Sierra Bancorp indicates stability in its dividend payments; although revenue did not fully meet expectations, the strong EPS may support future dividend distributions, appealing to investors seeking reliable returns.
See More
Sierra Bancorp Declares Quarterly Dividend
- Quarterly Dividend Announcement: Sierra Bancorp (BSRR) declares a quarterly dividend of $0.26 per share, consistent with previous distributions, reflecting the company's stable cash flow and profitability.
- Yield Information: The forward yield of 2.88% provides investors with a relatively attractive return, enhancing market interest in the stock.
- Payment Schedule: The dividend will be payable on May 11, with a record date of May 4 and an ex-dividend date also on May 4, ensuring shareholders receive their earnings promptly.
- Investor Focus: Sierra Bancorp's dividend performance aligns with its historical earnings data and dividend growth trends, further solidifying its trust among investors and market position.
See More
Sierra Bancorp Declares Quarterly Cash Dividend
- Quarterly Cash Dividend: Sierra Bancorp's Board of Directors has declared a cash dividend of $0.26 per share, approved after reviewing the company's financial performance for the quarter ended March 31, 2026, and will be paid on May 11, 2026, to shareholders of record as of May 4, 2026.
- Dividend History: The company has paid regular cash dividends since 1987, marking its 109th consecutive quarterly dividend, which reflects its financial stability and commitment to returning value to shareholders.
- Banking Operations Overview: Operating for 49 years in the South San Joaquin Valley, Sierra Bancorp offers a wide range of retail and commercial banking services through its 34 full-service branches, aiming to be the preeminent bank in the region.
- Industry Recognition: In 2025, Bank of the Sierra was recognized as one of the strongest and top-performing community banks in the U.S., receiving a 5-star rating from Bauer Financial, which further solidifies its market position.
See More
Sierra Bancorp Reports Strong Q4 Earnings
- Earnings Per Share Growth: Sierra Bancorp reported a GAAP EPS of $0.97 for Q4, marking a significant increase compared to the previous year, which reflects the company's ongoing profitability improvement and boosts investor confidence.
- Strong Revenue Performance: The company achieved revenues of $39.46 million in Q4, indicating a stable revenue growth trend that underscores its competitive position and solid customer base in the market.
- Financial Health: Sierra Bancorp's financial data continues to show positive trends, demonstrating effective asset-liability management that provides a solid foundation for future expansion and investments.
- Dividend Performance: The company's dividend performance is also noteworthy, as sustained earnings growth supports future dividend payments, attracting more investors seeking stable returns.
See More
Sierra Bancorp Reports Strong Q4 2025 Financial Results
- Quarterly Net Income Growth: In Q4 2025, Sierra Bancorp reported net income of $12.9 million, a 24% increase from $10.4 million in Q4 2024, primarily driven by a $3.3 million decrease in credit loss provisions and a 5.3% rise in net interest income, demonstrating effective cost control and revenue enhancement strategies.
- Robust Asset and Loan Growth: As of December 31, 2025, total assets increased to $3.83 billion, a 6% rise from 2024, with total loans growing to $2.5 billion, reflecting a 9% annualized growth rate, primarily due to strategic enhancements in the mortgage warehouse program.
- Increased Shareholder Returns: The company repurchased 1,024,792 shares of common stock at an average price of $31.52 during 2025, while also raising the quarterly dividend to $0.26 per share, indicating a strong commitment to shareholder returns and boosting investor confidence.
- Improved Capital Ratios: As of December 31, 2025, the community bank leverage ratio rose to 11.94%, reflecting strong capital management and providing robust support for future business expansion opportunities.
See More
