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Sierra Bancorp operates as the bank holding company for Bank of the Sierra that provides retail and commercial banking products and services to individuals and businesses in California. It accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts. The company's loan products include real estate, commercial, mortgage warehouse, agricultural, and consumer loans. It also offers automated teller machines; electronic point-of-sale payment alternatives; multiple account access options; online account opening platform; online banking with bill-pay and mobile banking capabilities, including mobile check deposit; online lending solutions for consumers and small businesses; customer service center services; an automated telephone banking system; and remote deposit capture and payroll services. Sierra Bancorp was founded in 1977 and is headquartered in Porterville, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $146M | - | $42M | $32M | 11.6% | 5.5% | 4.4% |
| 2024 | $139M | - | $41M | $56M | 11.4% | 17.5% | 16.4% |
| 2023 | $118M | - | $35M | $52M | 10.3% | -9.3% | 3.5% |
| 2022 | $130M | - | $34M | $32M | 11.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 130.29 | 118.16 | 138.82 | 146.49 |
| Pretax Income | 44.91 | 46.46 | 53.87 | 56.34 |
| Tax Provision | 11.26 | 11.62 | 13.31 | 14.02 |
| Net Income | 33.66 | 34.84 | 40.56 | 42.33 |
| Net Income Common Stockholders | 33.66 | 34.84 | 40.56 | 42.33 |
| Interest Expense | 12.20 | 50.72 | 52.32 | 46.70 |
| Interest Income | 121.82 | 163.12 | 172.35 | 171.39 |
| Selling General And Administration | 48.78 | 53.19 | 51.76 | 52.58 |
| Normalized Income | 33.66 | 23.39 | 37.71 | 42.37 |
| Basic EPS | 2.25 | 2.37 | 2.84 | 0 |
| Diluted EPS | 2.25 | 2.36 | 2.82 | 0 |
| Tax Effect Of Unusual Items | 0 | 3.82 | 0.93 | -0.01 |
| Tax Rate For Calcs | 0.25 | 0.25 | 0.25 | 0.25 |
| Total Unusual Items | -0.01 | 15.27 | 3.78 | -0.05 |
| Total Unusual Items Excluding Goodwill | -0.01 | 15.27 | 3.78 | -0.05 |
| Net Income From Continuing Operation Net Minority Interest | 33.66 | 34.84 | 40.56 | 42.33 |
| Reconciled Depreciation | 3.54 | 3.23 | 2.88 | 2.65 |
| Net Interest Income | 109.61 | 112.41 | 120.03 | 124.69 |
| Net Income From Continuing And Discontinued Operation | 33.66 | 34.84 | 40.56 | 42.33 |
| Diluted Average Shares | 14.99 | 14.74 | 14.40 | 0 |
| Basic Average Shares | 14.96 | 14.71 | 14.28 | 0 |
| Diluted NI Availto Com Stockholders | 33.66 | 34.84 | 40.56 | 42.33 |
| Net Income Including Noncontrolling Interests | 33.66 | 34.84 | 40.56 | 42.33 |
| Net Income Continuous Operations | 33.66 | 34.84 | 40.56 | 42.33 |
| Special Income Charges | -0.01 | 15.27 | 3.78 | -0.05 |
| Other Special Charges | 0.01 | -15.27 | -3.78 | 0.05 |
| Restructuring And Mergern Acquisition | 0 | 0 | 0 | 0 |
| Gain On Sale Of Security | 1.34 | -14.39 | -2.92 | 0.12 |
| Selling And Marketing Expense | 1.73 | 2.21 | 1.42 | 1.53 |
| General And Administrative Expense | 47.05 | 50.98 | 50.34 | 51.06 |
| Other Gand A | 1.56 | 0 | 0 | 0 |
| Salaries And Wages | 47.05 | 50.98 | 50.34 | 51.06 |
| Operating Revenue | 130.29 | 118.16 | 138.82 | 146.49 |
| Occupancy And Equipment | 9.72 | 10.16 | 12.37 | 12.54 |
| Professional Expense And Contract Services Expense | 3.06 | 5.29 | 6.16 | 5.52 |
| Other Non Interest Expense | 13.20 | 14.64 | 13.65 | 13.36 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Sierra Bancorpthis co. | BSRR | - | - | - | 11.6% | - |
| Silvercrest Asset Management Group Inc. | SAMG | $107M | 23.59 | 2.04 | 5.8% | 9.86 |
| Sound Financial Bancorp, Inc. | SFBC | $98M | 14.04 | 0.96 | 6.5% | - |
| Kestrel Group Ltd | KG | $89M | 1.12 | 0.58 | 36.4% | - |
| Vroom, Inc. | VRM | $80M | - | 0.69 |
| -45.5% |
| 57.65 |
| Siebert Financial Corp. | SIEB | $72M | 13.46 | 0.79 | 5.7% | - |
| eHealth, Inc. | EHTH | $62M | - | 0.10 | 6.8% | 7.11 |
| MarketWise, Inc. | MKTW | $47M | 7.64 | -3.69 | -2.6% | -3.48 |
| GoHealth, Inc. | GOCO | $31M | - | 0.45 | 4834.1% | -7.69 |
| Peer Median | - | 13.46 | 0.63 | 6.1% | 7.11 | |