Annual Income Statements for Sierra Bancorp
This table shows Sierra Bancorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Sierra Bancorp
This table shows Sierra Bancorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
9.94 |
7.11 |
8.75 |
9.92 |
9.74 |
6.44 |
9.33 |
10 |
11 |
10 |
Consolidated Net Income / (Loss) |
|
9.94 |
7.11 |
8.75 |
9.92 |
9.89 |
6.29 |
9.33 |
10 |
11 |
10 |
Net Income / (Loss) Continuing Operations |
|
9.94 |
7.11 |
8.75 |
9.92 |
9.74 |
6.44 |
9.33 |
10 |
11 |
10 |
Total Pre-Tax Income |
|
13 |
9.02 |
11 |
13 |
13 |
8.25 |
13 |
14 |
14 |
13 |
Total Revenue |
|
36 |
37 |
35 |
36 |
36 |
36 |
37 |
38 |
39 |
38 |
Net Interest Income / (Expense) |
|
29 |
29 |
28 |
28 |
28 |
28 |
29 |
30 |
31 |
30 |
Total Interest Income |
|
32 |
36 |
37 |
41 |
42 |
42 |
41 |
43 |
45 |
43 |
Loans and Leases Interest Income |
|
22 |
22 |
23 |
24 |
25 |
25 |
25 |
29 |
30 |
30 |
Investment Securities Interest Income |
|
9.99 |
13 |
15 |
16 |
17 |
17 |
15 |
14 |
14 |
12 |
Federal Funds Sold and Securities Borrowed Interest Income |
|
0.10 |
0.05 |
0.07 |
0.38 |
0.42 |
0.19 |
0.24 |
0.60 |
1.23 |
0.59 |
Total Interest Expense |
|
3.02 |
6.24 |
9.29 |
13 |
14 |
15 |
12 |
13 |
14 |
13 |
Deposits Interest Expense |
|
1.76 |
3.71 |
6.00 |
7.94 |
8.77 |
8.85 |
9.65 |
11 |
12 |
11 |
Short-Term Borrowings Interest Expense |
|
0.32 |
0.66 |
0.63 |
2.54 |
3.52 |
2.65 |
1.13 |
1.04 |
0.79 |
0.86 |
Long-Term Debt Interest Expense |
|
0.43 |
- |
0.43 |
0.43 |
0.43 |
0.43 |
0.43 |
0.43 |
0.43 |
0.43 |
Federal Funds Purchased and Securities Sold Interest Expense |
|
0.51 |
1.02 |
2.23 |
1.65 |
1.58 |
2.65 |
1.04 |
0.82 |
0.81 |
0.75 |
Total Non-Interest Income |
|
6.61 |
7.66 |
6.58 |
8.01 |
7.76 |
8.05 |
8.59 |
7.63 |
7.79 |
7.51 |
Other Service Charges |
|
6.64 |
13 |
6.35 |
1.31 |
7.20 |
13 |
6.39 |
7.11 |
7.18 |
7.03 |
Net Realized & Unrealized Capital Gains on Investments |
|
0.00 |
0.38 |
0.06 |
0.35 |
0.00 |
0.76 |
0.98 |
0.00 |
0.07 |
0.11 |
Other Non-Interest Income |
|
-0.02 |
-5.29 |
0.17 |
6.35 |
0.56 |
-5.31 |
1.22 |
0.52 |
0.54 |
0.37 |
Provision for Credit Losses |
|
1.26 |
6.71 |
0.25 |
0.03 |
0.12 |
3.66 |
0.10 |
0.92 |
1.24 |
2.54 |
Total Non-Interest Expense |
|
21 |
22 |
23 |
23 |
23 |
24 |
25 |
23 |
23 |
23 |
Salaries and Employee Benefits |
|
12 |
12 |
13 |
12 |
13 |
13 |
13 |
12 |
12 |
13 |
Net Occupancy & Equipment Expense |
|
2.47 |
2.55 |
2.33 |
2.44 |
2.48 |
2.91 |
3.03 |
3.15 |
3.00 |
3.20 |
Other Operating Expenses |
|
7.01 |
6.99 |
7.85 |
8.40 |
7.46 |
7.82 |
8.30 |
7.51 |
7.45 |
6.91 |
Income Tax Expense |
|
3.33 |
1.90 |
2.71 |
3.51 |
3.44 |
1.96 |
3.32 |
3.94 |
3.81 |
2.23 |
Basic Earnings per Share |
|
$0.66 |
$0.48 |
$0.58 |
$0.67 |
$0.68 |
$0.44 |
$0.64 |
$0.72 |
$0.75 |
$0.73 |
Weighted Average Basic Shares Outstanding |
|
14.95M |
14.96M |
14.97M |
14.74M |
14.58M |
14.71M |
14.51M |
14.30M |
14.19M |
14.28M |
Diluted Earnings per Share |
|
$0.66 |
$0.48 |
$0.58 |
$0.67 |
$0.68 |
$0.43 |
$0.64 |
$0.71 |
$0.74 |
$0.73 |
Weighted Average Diluted Shares Outstanding |
|
15.01M |
15.02M |
15.00M |
14.75M |
14.64M |
14.74M |
14.55M |
14.38M |
14.34M |
14.40M |
Weighted Average Basic & Diluted Shares Outstanding |
|
0.00 |
15.20M |
0.00 |
0.00 |
0.00 |
14.79M |
0.00 |
0.00 |
0.00 |
13.96M |
Annual Cash Flow Statements for Sierra Bancorp
This table details how cash moves in and out of Sierra Bancorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
-180 |
1.47 |
22 |
Net Cash From Operating Activities |
34 |
53 |
57 |
Net Cash From Continuing Operating Activities |
34 |
53 |
57 |
Net Income / (Loss) Continuing Operations |
34 |
35 |
41 |
Consolidated Net Income / (Loss) |
34 |
35 |
41 |
Provision For Loan Losses |
11 |
4.06 |
4.59 |
Depreciation Expense |
2.54 |
2.36 |
2.10 |
Amortization Expense |
4.97 |
4.41 |
3.56 |
Non-Cash Adjustments to Reconcile Net Income |
1.31 |
-3.73 |
2.45 |
Changes in Operating Assets and Liabilities, net |
-20 |
11 |
3.90 |
Net Cash From Investing Activities |
-481 |
-84 |
141 |
Net Cash From Continuing Investing Activities |
-481 |
-84 |
141 |
Purchase of Property, Leasehold Improvements and Equipment |
-1.27 |
-1.42 |
-1.16 |
Purchase of Investment Securities |
-611 |
-266 |
-398 |
Sale of Property, Leasehold Improvements and Equipment |
0.00 |
20 |
4.49 |
Sale and/or Maturity of Investments |
131 |
164 |
536 |
Other Investing Activities, net |
0.07 |
0.09 |
0.09 |
Net Cash From Financing Activities |
267 |
32 |
-176 |
Net Cash From Continuing Financing Activities |
267 |
32 |
-176 |
Net Change in Deposits |
65 |
-85 |
130 |
Issuance of Debt |
0.00 |
80 |
0.00 |
Repayment of Debt |
94 |
57 |
-151 |
Repurchase of Common Equity |
-5.19 |
-8.88 |
-16 |
Payment of Dividends |
-14 |
-14 |
-14 |
Other Financing Activities, Net |
128 |
2.95 |
-127 |
Cash Interest Paid |
11 |
49 |
49 |
Cash Income Taxes Paid |
13 |
10 |
8.66 |
Quarterly Cash Flow Statements for Sierra Bancorp
This table details how cash moves in and out of Sierra Bancorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
-75 |
-9.55 |
6.38 |
20 |
-15 |
-9.94 |
41 |
65 |
-51 |
-32 |
Net Cash From Operating Activities |
|
19 |
0.11 |
11 |
15 |
20 |
7.75 |
6.98 |
0.62 |
27 |
22 |
Net Cash From Continuing Operating Activities |
|
19 |
0.11 |
11 |
15 |
20 |
7.75 |
6.98 |
0.62 |
27 |
22 |
Net Income / (Loss) Continuing Operations |
|
9.94 |
7.11 |
8.75 |
9.92 |
9.89 |
6.29 |
9.33 |
10 |
11 |
10 |
Consolidated Net Income / (Loss) |
|
9.94 |
7.11 |
8.75 |
9.92 |
9.89 |
6.29 |
9.33 |
10 |
11 |
10 |
Provision For Loan Losses |
|
1.21 |
6.52 |
0.25 |
0.08 |
0.12 |
3.61 |
0.10 |
0.92 |
1.24 |
2.34 |
Depreciation Expense |
|
0.63 |
0.63 |
0.60 |
0.60 |
0.35 |
0.80 |
0.53 |
0.52 |
0.37 |
0.67 |
Amortization Expense |
|
1.05 |
0.89 |
1.15 |
1.06 |
1.17 |
1.03 |
1.22 |
0.48 |
1.36 |
0.49 |
Non-Cash Adjustments to Reconcile Net Income |
|
0.24 |
2.26 |
0.11 |
-0.68 |
-0.09 |
-3.07 |
-1.59 |
-0.28 |
-0.22 |
4.53 |
Changes in Operating Assets and Liabilities, net |
|
6.01 |
-17 |
-0.34 |
4.35 |
8.21 |
-0.92 |
-2.61 |
-11 |
14 |
3.76 |
Net Cash From Investing Activities |
|
-222 |
-80 |
-83 |
-46 |
7.14 |
39 |
220 |
-50 |
-71 |
43 |
Net Cash From Continuing Investing Activities |
|
-222 |
-80 |
-83 |
-46 |
7.14 |
39 |
220 |
-50 |
-71 |
43 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-0.33 |
-0.37 |
-0.41 |
-0.31 |
-0.39 |
-0.30 |
-0.37 |
-0.42 |
-0.12 |
-0.25 |
Purchase of Investment Securities |
|
-242 |
-115 |
-150 |
-91 |
-27 |
2.09 |
-67 |
-112 |
-169 |
-50 |
Sale of Property, Leasehold Improvements and Equipment |
|
- |
- |
0.03 |
- |
0.00 |
20 |
4.52 |
- |
-0.00 |
-0.02 |
Sale and/or Maturity of Investments |
|
20 |
36 |
67 |
46 |
35 |
17 |
284 |
62 |
98 |
93 |
Net Cash From Financing Activities |
|
128 |
70 |
79 |
51 |
-42 |
-56 |
-187 |
115 |
-7.17 |
-97 |
Net Cash From Continuing Financing Activities |
|
128 |
70 |
79 |
51 |
-42 |
-56 |
-187 |
115 |
-7.17 |
-97 |
Net Change in Deposits |
|
34 |
-39 |
103 |
-30 |
-49 |
-108 |
86 |
95 |
20 |
-70 |
Repurchase of Common Equity |
|
-0.23 |
-0.08 |
-2.72 |
-3.81 |
-2.21 |
-0.14 |
-3.45 |
-3.67 |
-1.52 |
-7.20 |
Payment of Dividends |
|
-3.47 |
-3.47 |
-3.50 |
-3.46 |
-3.41 |
-3.35 |
-3.40 |
-3.35 |
-3.43 |
-3.46 |
Other Financing Activities, Net |
|
-5.94 |
122 |
9.89 |
-5.34 |
-8.86 |
7.26 |
-115 |
26 |
-22 |
-16 |
Cash Interest Paid |
|
2.50 |
4.82 |
8.51 |
11 |
14 |
15 |
13 |
9.86 |
14 |
12 |
Cash Income Taxes Paid |
|
2.94 |
4.22 |
- |
- |
2.30 |
2.90 |
- |
- |
1.15 |
0.79 |
Annual Balance Sheets for Sierra Bancorp
This table presents Sierra Bancorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Total Assets |
3,609 |
3,730 |
3,614 |
Cash and Due from Banks |
73 |
74 |
80 |
Interest Bearing Deposits at Other Banks |
4.33 |
4.88 |
21 |
Trading Account Securities |
- |
1,019 |
656 |
Loans and Leases, Net of Allowance |
2,367 |
2,067 |
2,307 |
Loans and Leases |
2,390 |
2,090 |
2,331 |
Allowance for Loan and Lease Losses |
23 |
24 |
25 |
Premises and Equipment, Net |
22 |
17 |
15 |
Goodwill |
27 |
27 |
27 |
Intangible Assets |
2.28 |
1.40 |
0.62 |
Other Assets |
1,113 |
519 |
508 |
Total Liabilities & Shareholders' Equity |
3,609 |
3,730 |
3,614 |
Total Liabilities |
3,305 |
3,392 |
3,257 |
Non-Interest Bearing Deposits |
1,088 |
1,021 |
1,007 |
Interest Bearing Deposits |
1,758 |
1,740 |
1,884 |
Long-Term Debt |
304 |
445 |
165 |
Other Long-Term Liabilities |
155 |
185 |
200 |
Commitments & Contingencies |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
304 |
338 |
357 |
Total Preferred & Common Equity |
304 |
338 |
357 |
Total Common Equity |
304 |
338 |
357 |
Common Stock |
117 |
115 |
113 |
Retained Earnings |
243 |
259 |
275 |
Accumulated Other Comprehensive Income / (Loss) |
-57 |
-36 |
-31 |
Quarterly Balance Sheets for Sierra Bancorp
This table presents Sierra Bancorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
3,532 |
3,694 |
3,762 |
3,739 |
3,553 |
3,681 |
3,696 |
Cash and Due from Banks |
|
82 |
82 |
100 |
85 |
71 |
96 |
98 |
Interest Bearing Deposits at Other Banks |
|
4.40 |
1.81 |
3.06 |
3.89 |
48 |
88 |
35 |
Loans and Leases, Net of Allowance |
|
1,997 |
2,011 |
2,071 |
2,078 |
2,450 |
2,526 |
2,607 |
Loans and Leases |
|
2,020 |
2,034 |
2,094 |
2,101 |
2,473 |
2,548 |
2,630 |
Allowance for Loan and Lease Losses |
|
24 |
23 |
23 |
23 |
23 |
22 |
23 |
Premises and Equipment, Net |
|
23 |
22 |
22 |
22 |
16 |
16 |
16 |
Goodwill |
|
27 |
27 |
27 |
27 |
27 |
27 |
27 |
Other Assets |
|
1,240 |
1,215 |
1,208 |
1,198 |
939 |
927 |
913 |
Total Liabilities & Shareholders' Equity |
|
3,532 |
3,694 |
3,762 |
3,739 |
3,553 |
3,681 |
3,696 |
Total Liabilities |
|
3,237 |
3,387 |
3,453 |
3,430 |
3,208 |
3,331 |
3,337 |
Non-Interest Bearing Deposits |
|
1,118 |
1,042 |
1,066 |
1,060 |
969 |
987 |
1,014 |
Interest Bearing Deposits |
|
1,767 |
1,907 |
1,852 |
1,810 |
1,878 |
1,955 |
1,948 |
Long-Term Debt |
|
85 |
302 |
85 |
85 |
165 |
165 |
165 |
Other Long-Term Liabilities |
|
164 |
136 |
124 |
158 |
196 |
224 |
210 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
295 |
307 |
310 |
309 |
345 |
350 |
359 |
Total Preferred & Common Equity |
|
295 |
307 |
310 |
309 |
345 |
350 |
359 |
Total Common Equity |
|
295 |
307 |
310 |
309 |
345 |
350 |
359 |
Common Stock |
|
117 |
116 |
115 |
115 |
114 |
113 |
114 |
Retained Earnings |
|
239 |
247 |
251 |
256 |
263 |
267 |
274 |
Accumulated Other Comprehensive Income / (Loss) |
|
-61 |
-56 |
-57 |
-62 |
-32 |
-31 |
-29 |
Annual Metrics And Ratios for Sierra Bancorp
This table displays calculated financial ratios and metrics derived from Sierra Bancorp's official financial filings.
Metric |
2022 |
2023 |
2024 |
Growth Metrics |
- |
- |
- |
Revenue Growth |
2.39% |
1.72% |
6.12% |
EBITDA Growth |
-21.77% |
1.27% |
12.63% |
EBIT Growth |
-21.88% |
3.14% |
16.88% |
NOPAT Growth |
-21.75% |
3.52% |
16.40% |
Net Income Growth |
-21.75% |
3.52% |
16.40% |
EPS Growth |
-20.00% |
5.36% |
19.49% |
Operating Cash Flow Growth |
-36.24% |
58.60% |
7.34% |
Free Cash Flow Firm Growth |
-207.36% |
-11.65% |
313.23% |
Invested Capital Growth |
35.88% |
29.03% |
-33.31% |
Revenue Q/Q Growth |
2.45% |
-0.77% |
1.30% |
EBITDA Q/Q Growth |
-7.77% |
-0.56% |
5.88% |
EBIT Q/Q Growth |
-8.04% |
-1.91% |
7.97% |
NOPAT Q/Q Growth |
-6.93% |
-2.31% |
11.17% |
Net Income Q/Q Growth |
-6.93% |
-2.31% |
11.17% |
EPS Q/Q Growth |
-6.28% |
-2.07% |
11.90% |
Operating Cash Flow Q/Q Growth |
355.15% |
16.75% |
33.67% |
Free Cash Flow Firm Q/Q Growth |
-5,492.98% |
26.44% |
35.01% |
Invested Capital Q/Q Growth |
25.78% |
10.24% |
-0.25% |
Profitability Metrics |
- |
- |
- |
EBITDA Margin |
37.18% |
37.01% |
39.28% |
EBIT Margin |
31.83% |
32.27% |
35.54% |
Profit (Net Income) Margin |
23.98% |
24.40% |
26.76% |
Tax Burden Percent |
74.94% |
74.99% |
75.30% |
Interest Burden Percent |
100.52% |
100.82% |
100.00% |
Effective Tax Rate |
25.06% |
25.01% |
24.70% |
Return on Invested Capital (ROIC) |
6.39% |
5.01% |
6.21% |
ROIC Less NNEP Spread (ROIC-NNEP) |
6.39% |
5.01% |
6.21% |
Return on Net Nonoperating Assets (RNNOA) |
3.72% |
5.85% |
5.45% |
Return on Equity (ROE) |
10.11% |
10.86% |
11.67% |
Cash Return on Invested Capital (CROIC) |
-24.03% |
-20.34% |
46.18% |
Operating Return on Assets (OROA) |
1.28% |
1.26% |
1.47% |
Return on Assets (ROA) |
0.96% |
0.95% |
1.10% |
Return on Common Equity (ROCE) |
8.39% |
10.86% |
11.67% |
Return on Equity Simple (ROE_SIMPLE) |
11.09% |
10.31% |
11.35% |
Net Operating Profit after Tax (NOPAT) |
34 |
35 |
41 |
NOPAT Margin |
23.98% |
24.40% |
26.76% |
Net Nonoperating Expense Percent (NNEP) |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
40.44% |
42.81% |
41.38% |
Operating Expenses to Revenue |
60.41% |
64.89% |
61.29% |
Earnings before Interest and Taxes (EBIT) |
45 |
46 |
54 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
52 |
53 |
60 |
Valuation Ratios |
- |
- |
- |
Price to Book Value (P/BV) |
0.96 |
0.94 |
1.16 |
Price to Tangible Book Value (P/TBV) |
1.06 |
1.02 |
1.25 |
Price to Revenue (P/Rev) |
2.08 |
2.22 |
2.72 |
Price to Earnings (P/E) |
8.66 |
9.08 |
10.18 |
Dividend Yield |
4.76% |
4.27% |
3.28% |
Earnings Yield |
11.55% |
11.01% |
9.83% |
Enterprise Value to Invested Capital (EV/IC) |
0.85 |
0.87 |
0.91 |
Enterprise Value to Revenue (EV/Rev) |
3.69 |
4.78 |
3.15 |
Enterprise Value to EBITDA (EV/EBITDA) |
9.92 |
12.93 |
8.02 |
Enterprise Value to EBIT (EV/EBIT) |
11.59 |
14.83 |
8.86 |
Enterprise Value to NOPAT (EV/NOPAT) |
15.39 |
19.61 |
11.77 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
15.43 |
12.83 |
8.35 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
0.00 |
0.00 |
1.58 |
Leverage & Solvency |
- |
- |
- |
Debt to Equity |
1.00 |
1.32 |
0.46 |
Long-Term Debt to Equity |
1.00 |
1.32 |
0.46 |
Financial Leverage |
0.58 |
1.17 |
0.88 |
Leverage Ratio |
10.48 |
11.44 |
10.56 |
Compound Leverage Factor |
10.53 |
11.53 |
10.56 |
Debt to Total Capital |
50.01% |
56.85% |
31.62% |
Short-Term Debt to Total Capital |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
50.01% |
56.85% |
31.62% |
Preferred Equity to Total Capital |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
49.99% |
43.15% |
68.38% |
Debt to EBITDA |
5.82 |
8.43 |
2.78 |
Net Debt to EBITDA |
4.34 |
6.94 |
1.08 |
Long-Term Debt to EBITDA |
5.82 |
8.43 |
2.78 |
Debt to NOPAT |
9.02 |
12.78 |
4.07 |
Net Debt to NOPAT |
6.73 |
10.53 |
1.59 |
Long-Term Debt to NOPAT |
9.02 |
12.78 |
4.07 |
Noncontrolling Interest Sharing Ratio |
16.97% |
0.00% |
0.00% |
Liquidity Ratios |
- |
- |
- |
Cash Flow Metrics |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
-127 |
-141 |
302 |
Operating Cash Flow to CapEx |
2,639.31% |
0.00% |
0.00% |
Free Cash Flow to Firm to Interest Expense |
-10.38 |
-2.79 |
5.76 |
Operating Cash Flow to Interest Expense |
2.75 |
1.05 |
1.09 |
Operating Cash Flow Less CapEx to Interest Expense |
2.65 |
1.42 |
1.16 |
Efficiency Ratios |
- |
- |
- |
Asset Turnover |
0.04 |
0.04 |
0.04 |
Fixed Asset Turnover |
6.10 |
7.25 |
9.37 |
Capital & Investment Metrics |
- |
- |
- |
Invested Capital |
607 |
784 |
523 |
Invested Capital Turnover |
0.27 |
0.21 |
0.23 |
Increase / (Decrease) in Invested Capital |
160 |
176 |
-261 |
Enterprise Value (EV) |
518 |
683 |
477 |
Market Capitalization |
291 |
316 |
413 |
Book Value per Share |
$20.12 |
$23.00 |
$24.82 |
Tangible Book Value per Share |
$18.16 |
$21.04 |
$22.88 |
Total Capital |
607 |
784 |
523 |
Total Debt |
304 |
445 |
165 |
Total Long-Term Debt |
304 |
445 |
165 |
Net Debt |
227 |
367 |
65 |
Capital Expenditures (CapEx) |
1.27 |
-19 |
-3.34 |
Net Nonoperating Expense (NNE) |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
304 |
445 |
165 |
Total Depreciation and Amortization (D&A) |
7.51 |
6.77 |
5.66 |
Earnings Adjustments |
- |
- |
- |
Adjusted Basic Earnings per Share |
$2.25 |
$0.00 |
$2.84 |
Adjusted Weighted Average Basic Shares Outstanding |
14.96M |
0.00 |
14.28M |
Adjusted Diluted Earnings per Share |
$2.24 |
$0.00 |
$2.82 |
Adjusted Weighted Average Diluted Shares Outstanding |
15.02M |
0.00 |
14.40M |
Adjusted Basic & Diluted Earnings per Share |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
15.20M |
0.00 |
13.96M |
Normalized Net Operating Profit after Tax (NOPAT) |
34 |
35 |
41 |
Normalized NOPAT Margin |
23.98% |
24.40% |
26.76% |
Pre Tax Income Margin |
31.99% |
32.54% |
35.54% |
Debt Service Ratios |
- |
- |
- |
EBIT to Interest Expense |
3.66 |
0.91 |
1.03 |
NOPAT to Interest Expense |
2.76 |
0.69 |
0.78 |
EBIT Less CapEx to Interest Expense |
3.56 |
1.28 |
1.09 |
NOPAT Less CapEx to Interest Expense |
2.65 |
1.06 |
0.84 |
Payout Ratios |
- |
- |
- |
Dividend Payout Ratio |
41.35% |
39.36% |
33.61% |
Augmented Payout Ratio |
56.78% |
64.85% |
72.67% |
Quarterly Metrics And Ratios for Sierra Bancorp
This table displays calculated financial ratios and metrics derived from Sierra Bancorp's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
3.71% |
9.95% |
12.63% |
-1.87% |
0.92% |
-2.98% |
7.48% |
4.05% |
7.62% |
5.43% |
EBITDA Growth |
|
-10.21% |
-29.92% |
6.94% |
2.82% |
-1.75% |
-3.35% |
9.21% |
1.30% |
10.74% |
37.02% |
EBIT Growth |
|
-5.07% |
-30.80% |
13.11% |
6.72% |
-0.74% |
-7.60% |
10.59% |
6.41% |
10.32% |
53.62% |
NOPAT Growth |
|
-6.32% |
-26.07% |
18.15% |
7.77% |
-0.50% |
-11.58% |
6.62% |
3.47% |
7.26% |
64.80% |
Net Income Growth |
|
-6.32% |
-26.07% |
18.15% |
7.77% |
-0.50% |
-11.58% |
6.62% |
3.47% |
7.26% |
64.80% |
EPS Growth |
|
-4.35% |
-23.81% |
18.37% |
9.84% |
3.03% |
-10.42% |
10.34% |
5.97% |
8.82% |
69.77% |
Operating Cash Flow Growth |
|
-66.79% |
100.43% |
11.94% |
207.83% |
2.93% |
6,821.43% |
-33.68% |
-95.96% |
39.59% |
185.69% |
Free Cash Flow Firm Growth |
|
-126.26% |
-281.11% |
-1,196.01% |
-1,859.42% |
-813.06% |
-10.94% |
156.84% |
165.86% |
190.57% |
259.65% |
Invested Capital Growth |
|
7.53% |
35.88% |
48.36% |
87.59% |
47.21% |
29.03% |
-16.18% |
-28.42% |
-26.29% |
-33.31% |
Revenue Q/Q Growth |
|
-4.05% |
4.21% |
-6.23% |
4.66% |
-1.32% |
0.18% |
3.87% |
1.32% |
2.06% |
-1.85% |
EBITDA Q/Q Growth |
|
2.48% |
-31.12% |
29.04% |
13.40% |
-2.07% |
-32.24% |
41.90% |
5.19% |
7.05% |
-16.16% |
EBIT Q/Q Growth |
|
6.21% |
-33.80% |
27.22% |
16.24% |
-1.22% |
-38.38% |
52.02% |
11.86% |
2.41% |
-14.19% |
NOPAT Q/Q Growth |
|
7.94% |
-28.40% |
23.03% |
13.35% |
-0.34% |
-36.38% |
48.35% |
10.00% |
3.31% |
-2.25% |
Net Income Q/Q Growth |
|
7.94% |
-28.40% |
23.03% |
13.35% |
-0.34% |
-36.38% |
48.35% |
10.00% |
3.31% |
-2.25% |
EPS Q/Q Growth |
|
8.20% |
-27.27% |
20.83% |
15.52% |
1.49% |
-36.76% |
48.84% |
10.94% |
4.23% |
-1.35% |
Operating Cash Flow Q/Q Growth |
|
282.96% |
-99.41% |
9,299.11% |
45.65% |
28.04% |
-60.52% |
59.46% |
-91.12% |
4,320.16% |
-19.19% |
Free Cash Flow Firm Q/Q Growth |
|
-228.86% |
-541.57% |
-23.76% |
-71.96% |
33.13% |
22.04% |
163.40% |
99.27% |
-8.04% |
37.42% |
Invested Capital Q/Q Growth |
|
25.86% |
25.78% |
0.21% |
18.25% |
-1.23% |
10.24% |
-34.90% |
0.98% |
1.70% |
-0.25% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
42.07% |
27.81% |
38.09% |
41.27% |
40.96% |
27.70% |
38.71% |
40.19% |
42.15% |
36.00% |
EBIT Margin |
|
37.35% |
23.73% |
33.04% |
36.70% |
36.74% |
22.60% |
34.00% |
37.53% |
37.66% |
32.93% |
Profit (Net Income) Margin |
|
27.97% |
19.21% |
25.21% |
27.30% |
27.57% |
17.51% |
25.01% |
27.15% |
27.48% |
27.37% |
Tax Burden Percent |
|
74.88% |
78.90% |
76.37% |
73.85% |
74.21% |
76.20% |
73.74% |
72.24% |
73.58% |
82.27% |
Interest Burden Percent |
|
100.00% |
102.63% |
99.91% |
100.75% |
101.14% |
101.69% |
99.76% |
100.14% |
99.18% |
101.04% |
Effective Tax Rate |
|
25.12% |
21.10% |
23.63% |
26.15% |
25.79% |
23.80% |
26.26% |
27.76% |
26.42% |
17.73% |
Return on Invested Capital (ROIC) |
|
8.23% |
5.12% |
7.14% |
7.11% |
6.65% |
3.60% |
6.50% |
6.46% |
6.66% |
6.35% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
8.23% |
5.12% |
7.14% |
7.11% |
6.65% |
3.60% |
6.50% |
6.46% |
6.66% |
6.35% |
Return on Net Nonoperating Assets (RNNOA) |
|
3.40% |
2.98% |
4.36% |
5.78% |
6.49% |
4.20% |
4.65% |
5.63% |
5.66% |
5.58% |
Return on Equity (ROE) |
|
11.62% |
8.10% |
11.50% |
12.88% |
13.14% |
7.79% |
11.15% |
12.09% |
12.32% |
11.93% |
Cash Return on Invested Capital (CROIC) |
|
0.50% |
-24.03% |
-32.07% |
-54.44% |
-32.22% |
-20.34% |
23.93% |
38.92% |
36.19% |
46.18% |
Operating Return on Assets (OROA) |
|
1.47% |
0.95% |
1.34% |
1.47% |
1.45% |
0.88% |
1.36% |
1.48% |
1.52% |
1.36% |
Return on Assets (ROA) |
|
1.10% |
0.77% |
1.02% |
1.10% |
1.09% |
0.68% |
1.00% |
1.07% |
1.11% |
1.13% |
Return on Common Equity (ROCE) |
|
11.62% |
6.73% |
11.50% |
12.88% |
13.14% |
7.79% |
11.15% |
12.09% |
12.32% |
11.93% |
Return on Equity Simple (ROE_SIMPLE) |
|
12.26% |
0.00% |
11.40% |
11.54% |
11.55% |
0.00% |
10.26% |
10.22% |
10.17% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
9.94 |
7.11 |
8.75 |
9.92 |
9.89 |
6.29 |
9.33 |
10 |
11 |
10 |
NOPAT Margin |
|
27.97% |
19.21% |
25.21% |
27.30% |
27.57% |
17.51% |
25.01% |
27.15% |
27.48% |
27.37% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
39.39% |
39.25% |
43.63% |
40.10% |
42.14% |
45.44% |
43.48% |
40.16% |
39.81% |
42.13% |
Operating Expenses to Revenue |
|
59.11% |
58.14% |
66.24% |
63.22% |
62.94% |
67.21% |
65.74% |
60.03% |
59.13% |
60.38% |
Earnings before Interest and Taxes (EBIT) |
|
13 |
8.78 |
11 |
13 |
13 |
8.12 |
13 |
14 |
15 |
12 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
15 |
10 |
13 |
15 |
15 |
9.95 |
14 |
15 |
16 |
14 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.92 |
0.96 |
0.80 |
0.78 |
0.86 |
0.94 |
0.85 |
0.93 |
1.15 |
1.16 |
Price to Tangible Book Value (P/TBV) |
|
1.03 |
1.06 |
0.88 |
0.86 |
0.95 |
1.02 |
0.93 |
1.01 |
1.25 |
1.25 |
Price to Revenue (P/Rev) |
|
1.99 |
2.08 |
1.70 |
1.69 |
1.85 |
2.22 |
2.02 |
2.21 |
2.77 |
2.72 |
Price to Earnings (P/E) |
|
7.54 |
8.66 |
6.99 |
6.77 |
7.51 |
9.08 |
8.27 |
9.06 |
11.30 |
10.18 |
Dividend Yield |
|
5.04% |
4.76% |
5.72% |
5.72% |
5.11% |
4.27% |
4.64% |
4.14% |
3.25% |
3.28% |
Earnings Yield |
|
13.27% |
11.55% |
14.31% |
14.76% |
13.32% |
11.01% |
12.09% |
11.04% |
8.85% |
9.83% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.77 |
0.85 |
0.76 |
0.76 |
0.82 |
0.87 |
0.66 |
0.59 |
0.85 |
0.91 |
Enterprise Value to Revenue (EV/Rev) |
|
2.73 |
3.69 |
3.21 |
3.82 |
4.03 |
4.78 |
2.33 |
2.08 |
2.98 |
3.15 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
6.60 |
9.92 |
8.73 |
10.27 |
10.91 |
12.93 |
6.22 |
5.58 |
7.94 |
8.02 |
Enterprise Value to EBIT (EV/EBIT) |
|
7.69 |
11.59 |
10.00 |
11.65 |
12.35 |
14.83 |
7.11 |
6.29 |
8.95 |
8.86 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
10.33 |
15.39 |
13.22 |
15.36 |
16.26 |
19.61 |
9.56 |
8.53 |
12.24 |
11.77 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
50.66 |
15.43 |
13.33 |
12.18 |
12.72 |
12.83 |
6.82 |
8.72 |
10.44 |
8.35 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
159.06 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
2.53 |
1.27 |
2.00 |
1.58 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.64 |
1.00 |
0.98 |
1.32 |
1.30 |
1.32 |
0.48 |
0.47 |
0.46 |
0.46 |
Long-Term Debt to Equity |
|
0.29 |
1.00 |
0.98 |
0.27 |
0.27 |
1.32 |
0.48 |
0.47 |
0.46 |
0.46 |
Financial Leverage |
|
0.41 |
0.58 |
0.61 |
0.81 |
0.98 |
1.17 |
0.72 |
0.87 |
0.85 |
0.88 |
Leverage Ratio |
|
10.58 |
10.48 |
11.24 |
11.76 |
12.04 |
11.44 |
11.11 |
11.28 |
11.14 |
10.56 |
Compound Leverage Factor |
|
10.58 |
10.75 |
11.23 |
11.85 |
12.18 |
11.63 |
11.09 |
11.30 |
11.05 |
10.67 |
Debt to Total Capital |
|
38.88% |
50.01% |
49.55% |
56.98% |
56.54% |
56.85% |
32.35% |
32.05% |
31.53% |
31.62% |
Short-Term Debt to Total Capital |
|
21.35% |
0.00% |
0.00% |
45.19% |
44.60% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
17.53% |
50.01% |
49.55% |
11.79% |
11.94% |
56.85% |
32.35% |
32.05% |
31.53% |
31.62% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
61.12% |
49.99% |
50.45% |
43.02% |
43.46% |
43.15% |
67.65% |
67.95% |
68.47% |
68.38% |
Debt to EBITDA |
|
3.32 |
5.82 |
5.69 |
7.68 |
7.56 |
8.43 |
3.03 |
3.02 |
2.94 |
2.78 |
Net Debt to EBITDA |
|
1.79 |
4.34 |
4.11 |
5.74 |
5.90 |
6.94 |
0.84 |
-0.35 |
0.58 |
1.08 |
Long-Term Debt to EBITDA |
|
1.50 |
5.82 |
5.69 |
1.59 |
1.60 |
8.43 |
3.03 |
3.02 |
2.94 |
2.78 |
Debt to NOPAT |
|
5.19 |
9.02 |
8.62 |
11.48 |
11.27 |
12.78 |
4.66 |
4.62 |
4.53 |
4.07 |
Net Debt to NOPAT |
|
2.79 |
6.73 |
6.23 |
8.58 |
8.79 |
10.53 |
1.29 |
-0.53 |
0.89 |
1.59 |
Long-Term Debt to NOPAT |
|
2.34 |
9.02 |
8.62 |
2.38 |
2.38 |
12.78 |
4.66 |
4.62 |
4.53 |
4.07 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
16.97% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
-24 |
-153 |
-190 |
-326 |
-218 |
-170 |
108 |
215 |
197 |
271 |
Operating Cash Flow to CapEx |
|
5,728.23% |
30.03% |
2,713.14% |
4,962.14% |
5,047.04% |
0.00% |
0.00% |
148.33% |
23,029.41% |
8,053.45% |
Free Cash Flow to Firm to Interest Expense |
|
-7.92 |
-24.55 |
-20.42 |
-25.97 |
-15.25 |
-11.66 |
8.80 |
16.12 |
14.10 |
21.30 |
Operating Cash Flow to Interest Expense |
|
6.32 |
0.02 |
1.13 |
1.22 |
1.37 |
0.53 |
0.57 |
0.05 |
1.96 |
1.74 |
Operating Cash Flow Less CapEx to Interest Expense |
|
6.21 |
-0.04 |
1.09 |
1.20 |
1.35 |
1.89 |
0.91 |
0.02 |
1.95 |
1.72 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
0.04 |
Fixed Asset Turnover |
|
5.81 |
6.10 |
6.33 |
6.38 |
6.45 |
7.25 |
7.58 |
7.71 |
7.96 |
9.37 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
483 |
607 |
609 |
720 |
711 |
784 |
510 |
515 |
524 |
523 |
Invested Capital Turnover |
|
0.29 |
0.27 |
0.28 |
0.26 |
0.24 |
0.21 |
0.26 |
0.24 |
0.24 |
0.23 |
Increase / (Decrease) in Invested Capital |
|
34 |
160 |
198 |
336 |
228 |
176 |
-98 |
-205 |
-187 |
-261 |
Enterprise Value (EV) |
|
374 |
518 |
463 |
548 |
580 |
683 |
339 |
305 |
446 |
477 |
Market Capitalization |
|
273 |
291 |
245 |
242 |
267 |
316 |
293 |
324 |
414 |
413 |
Book Value per Share |
|
$19.55 |
$20.12 |
$20.20 |
$20.58 |
$20.85 |
$23.00 |
$23.34 |
$23.98 |
$24.81 |
$24.82 |
Tangible Book Value per Share |
|
$17.57 |
$18.16 |
$18.26 |
$18.64 |
$18.90 |
$21.04 |
$21.41 |
$22.04 |
$22.92 |
$22.88 |
Total Capital |
|
483 |
607 |
609 |
720 |
711 |
784 |
510 |
515 |
524 |
523 |
Total Debt |
|
188 |
304 |
302 |
410 |
402 |
445 |
165 |
165 |
165 |
165 |
Total Long-Term Debt |
|
85 |
304 |
302 |
85 |
85 |
445 |
165 |
165 |
165 |
165 |
Net Debt |
|
101 |
227 |
218 |
307 |
313 |
367 |
46 |
-19 |
32 |
65 |
Capital Expenditures (CapEx) |
|
0.33 |
0.37 |
0.39 |
0.31 |
0.39 |
-20 |
-4.15 |
0.42 |
0.12 |
0.28 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
188 |
304 |
302 |
410 |
402 |
445 |
165 |
165 |
165 |
165 |
Total Depreciation and Amortization (D&A) |
|
1.68 |
1.51 |
1.75 |
1.66 |
1.51 |
1.83 |
1.76 |
1.00 |
1.73 |
1.17 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.66 |
$0.48 |
$0.58 |
$0.67 |
$0.68 |
$0.44 |
$0.64 |
$0.72 |
$0.75 |
$0.73 |
Adjusted Weighted Average Basic Shares Outstanding |
|
14.95M |
14.96M |
15.05M |
14.74M |
14.58M |
14.71M |
14.51M |
14.30M |
14.19M |
14.28M |
Adjusted Diluted Earnings per Share |
|
$0.66 |
$0.48 |
$0.58 |
$0.67 |
$0.68 |
$0.43 |
$0.64 |
$0.71 |
$0.74 |
$0.73 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
15.01M |
15.02M |
15.05M |
14.75M |
14.64M |
14.74M |
14.55M |
14.38M |
14.34M |
14.40M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
15.09M |
15.20M |
15.05M |
0.00 |
0.00 |
14.79M |
0.00 |
0.00 |
0.00 |
13.96M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
9.94 |
7.11 |
8.75 |
9.92 |
9.89 |
6.29 |
9.33 |
10 |
11 |
10 |
Normalized NOPAT Margin |
|
27.97% |
19.21% |
25.21% |
27.30% |
27.57% |
17.51% |
25.01% |
27.15% |
27.48% |
27.37% |
Pre Tax Income Margin |
|
37.35% |
24.35% |
33.01% |
36.97% |
37.16% |
22.98% |
33.92% |
37.58% |
37.35% |
33.27% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
4.40 |
1.41 |
1.24 |
1.06 |
0.92 |
0.56 |
1.04 |
1.06 |
1.04 |
0.98 |
NOPAT to Interest Expense |
|
3.29 |
1.14 |
0.94 |
0.79 |
0.69 |
0.43 |
0.76 |
0.77 |
0.76 |
0.81 |
EBIT Less CapEx to Interest Expense |
|
4.29 |
1.35 |
1.19 |
1.04 |
0.89 |
1.91 |
1.37 |
1.03 |
1.03 |
0.96 |
NOPAT Less CapEx to Interest Expense |
|
3.18 |
1.08 |
0.90 |
0.77 |
0.66 |
1.79 |
1.10 |
0.74 |
0.75 |
0.79 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
38.26% |
41.35% |
39.73% |
38.90% |
38.78% |
39.36% |
38.44% |
37.77% |
37.09% |
33.61% |
Augmented Payout Ratio |
|
66.01% |
56.78% |
48.37% |
58.04% |
63.51% |
64.85% |
65.58% |
64.25% |
61.16% |
72.67% |
Key Financial Trends
Sierra Bancorp (NASDAQ: BSRR) has shown a generally positive financial trajectory over the past four years through 2024, with consistent earnings growth and stable operations. Here are the key points to note from their recent quarterly financial reports covering the income statements, cash flow, and balance sheets:
- Net Interest Income has steadily increased from $28.1 million in Q1 2023 to $30.35 million in Q4 2024, demonstrating solid growth in core banking revenue.
- Net Income attributable to Common Shareholders grew consistently, rising from $8.75 million in Q1 2023 to $10.36 million in Q4 2024, reflecting earnings strength.
- Salaries and Employee Benefits expenses have remained relatively stable as a portion of revenues, indicating controlled operating costs despite growth.
- Provision for Credit Losses was notably lower in 2024 quarters compared to earlier years, indicating improved credit quality and lower loan portfolio risk.
- Total Assets have grown from around $3.53 billion in Q1 2023 to nearly $3.7 billion by Q3 2024, signaling an expanding balance sheet and business scale.
- Net Cash from Operating Activities increased significantly to $22.1 million by Q4 2024, indicative of strong ongoing cash generation from core operations.
- Cash and Due from Banks rose moderately but fluctuated each quarter, reflecting normal liquidity management without major changes.
- Common Stock and Total Common Equity have grown steadily, supporting the bank’s capitalization and shareholder value.
- Net Cash from Financing Activities was consistently negative in recent quarters, reflecting large outflows due to deposit decreases and share repurchases that may pressure liquidity.
- Total Non-Interest Expense remains substantial and has increased slightly in Q4 2024 to $22.86 million, which if unchecked could pressure margins.
Overall, Sierra Bancorp has demonstrated steady revenue growth, effective cost control, and improved credit conditions over recent years. The bank’s ability to generate strong operating cash flows supports its financial health. However, some caution is warranted due to the negative cash flows in financing activities driven by deposit outflows and share repurchases, which investors may want to monitor. Maintaining and growing net interest income while controlling non-interest expenses will be key to sustaining profitability.
08/09/25 12:07 AMAI Generated. May Contain Errors.