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 |
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 |