Sierra Bancorp (OQ:BSRR)

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: 86 North Main Street
PORTERVILLE CA 93257
Tel: 1-559-7824900
Website: https://sierrabancorp.com
IR: See website
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Key People
Kevin J. Mcphaill
President, Chief Executive Officer, Director
Christopher G. Treece
Chief Financial Officer, Executive Vice President
Jennifer A. Johnson
Executive Vice President, Chief Administrative Officer
Natalia Coen
Executive Vice President, Chief Risk Officer
Hugh F. Boyle
Executive Vice President, Chief Credit Officer
Michael W. Olague
Executive Vice President, Chief Banking Officer
Cindy L. Dabney
Senior Vice President, Chief Accounting Officer
Matthew Dusi
Senior Vice President, Head - Commercial Banking
 
Business Overview
Sierra Bancorp is a bank holding company for Bank of the Sierra (the Bank). The Bank is a California state-chartered bank, which 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. It provides multiple account access options to meet both new and existing customer needs: an online account opening platform; online banking with bill-pay and mobile banking capabilities; online lending solutions for consumers and small businesses; a customer service center, and an automated telephone banking system. Its lending activities cover real estate, commercial (including small business), mortgage warehouse, agricultural, and consumer loans. It 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.
Financial Overview
For the fiscal year ended 31 December 2023, Sierra Bancorp interest income increased 34% to $163.1M. Net interest income after loan loss provision increased 10% to $108.7M. Net income increased 4% to $34.8M. Net interest income after loan loss provision reflects Taxable securities increase from $25.8M to $54.4M, Loans and leases, including fees increase of 12% to $96.8M.
Employees: 491 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $377.63M as of Dec 31, 2023
Annual revenue (TTM): $163.12M as of Dec 31, 2023
EBITDA (TTM): $68.86M as of Dec 31, 2023
Net annual income (TTM): $34.84M as of Dec 31, 2023
Free cash flow (TTM): $38.12M as of Dec 31, 2023
Net Debt Last Fiscal Year: $118.36M as of Dec 31, 2023
Shares outstanding: 14,647,872 as of Mar 28, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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