Sierra Bancorp Q2 FY26 net income falls 7% to $9.9 million; revenue dips 1% to $39 million - BSRR News | RalliesSierra Bancorp Q2 FY26 net income falls 7% to $9.9 million; revenue dips 1% to $39 million
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BSRR• Quarterly results
- Sierra Bancorp posted Q2 net income of USD 9.9 million, down 7% year over year; diluted EPS slipped to USD 0.77.
- Return on average assets eased to 1.09% in Q2, while return on average equity declined to 10.90%.
Outlook and dividend
- Management said the loan pipeline increased significantly, expecting net loan growth in the second half; a USD 0.27 dividend is payable Aug. 10.
Credit losses and deposits
- Credit loss expense on loans rose to USD 2.3 million from USD 1.2 million a year earlier, driven by a USD 2.5 million specific reserve.
- Total deposits climbed USD 54.6 million, up 2% since year-end; noninterest-bearing balances were USD 1.03 billion, or 35% of deposits.
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