Sierra Bancorp (BSRR) 10-Year Financial Performance & Capital Metrics

BSRR • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingWest Coast Community Banks

AboutSierra Bancorp operates as the bank holding company for Bank of the Sierra that provides retail and commercial banking services to individuals and businesses in California. The company accepts various deposit products, such as checking accounts, savings accounts, money market demand accounts, time deposits, retirement accounts, and sweep accounts. Its loan products include agricultural, commercial, consumer, real estate, construction, and mortgage loans. The company also offers automated teller machines; electronic point-of-sale payment alternatives; online and automated telephone banking services; and remote deposit capture and automated payroll services for business customers. As of December 31, 2021, it operated 35 full-service branches, an online branch, a loan production office, an agricultural credit center, and an SBA center. Sierra Bancorp was founded in 1977 and is headquartered in Porterville, California.Show more

Net Interest Income $120M +6.8%
Total Revenue $191M +13.2%
Net Income $41M +16.4%
Return on Equity 11.67% +7.4%
Net Interest Margin 3.32% +10.2%
Efficiency Ratio 41.94% +4.2%
ROA 1.1% +16.3%
Equity / Assets 9.89% +9.1%
Book Value per Share 24.82 +8.2%
Tangible BV/Share 22.88 +9.0%
Debt/Equity 0.77 -53.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 8/9
✓Efficient operations: 41.9% efficiency ratio
✓13 consecutive years of dividend growth
✓Healthy dividend yield of 2.7%
✓Share count reduced 2.3% through buybacks
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y10.82%

5Y8.73%

3Y13.3%

TTM-

Profit (Net Income) CAGR

10Y10.28%

5Y2.44%

3Y-1.94%

TTM9.08%

EPS CAGR

10Y10.07%

5Y3.89%

3Y0.24%

TTM13.89%

ROCE

10Y Avg11.06%

5Y Avg10.49%

3Y Avg9.32%

Latest9.02%

Peer Comparison

West Coast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BCALSouthern California Bancorp	608.64M	18.83	85.59	45.45%	2.94%	11.23%	8.17%	0.17
CWBCCommunity West Bancshares	447.97M	23.38	51.96	51.89%	4.67%	6.95%	3.83%	0.56
GBCIGlacier Bancorp, Inc.	6.29B	48.39	28.80	11.64%	15.27%	6.57%	3.34%	1.18
GBFHGBank Financial Holdings Inc.	465.21M	32.36	23.28	2%	30.99%	11.8%	5.65%	0.22
BOHBank of Hawaii Corporation	2.86B	71.86	20.77	6.6%	14.57%	10.28%	5.9%	0.45
HFWAHeritage Financial Corporation	867.93M	25.56	20.61	4.64%	13.64%	6.33%	7.03%	0.47
HTBKHeritage Commerce Corp	786.28M	12.82	19.42	3.35%	16.12%	6.19%	4.75%	0.06
NRIMNorthrim BanCorp, Inc.	640.63M	29.00	17.47	23.77%	18.87%	19.99%		0.15

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	60.11M	65.14M	75.69M	92.39M	97.37M	104.83M	109.03M	109.61M	112.41M	120.03M
NII Growth %	0.15%	0.08%	0.16%	0.22%	0.05%	0.08%	0.04%	0.01%	0.03%	0.07%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	62.69M	68.47M	80.91M	101.64M	110.95M	110.24M	113.08M	121.82M	163.12M	172.35M
Interest Expense	2.58M	3.32M	5.22M	9.24M	13.58M	5.41M	4.05M	12.2M	50.72M	52.32M
Loan Loss Provision	0	0	-1.14M	4.35M	2.55M	8.55M	-3.65M	10.6M	3.73M	4.79M
Non-Interest Income+	14.72M	15.85M	16.34M	15.01M	14.84M	16.79M	18.35M	20.67M	5.8M	18.79M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	77.41M	84.31M	97.25M	116.65M	125.79M	127.03M	131.43M	142.49M	168.93M	191.14M
Revenue Growth %	0.13%	0.09%	0.15%	0.2%	0.08%	0.01%	0.03%	0.08%	0.19%	0.13%
Non-Interest Expense	47.69M	54.63M	59.99M	63.47M	61.94M	66.55M	73.83M	74.77M	68.02M	80.16M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	27.14M	26.37M	33.18M	39.58M	47.72M	46.52M	57.2M	44.91M	46.46M	53.87M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.27%	-0.03%	0.26%	0.19%	0.21%	-0.03%	0.23%	-0.21%	0.03%	0.16%
Pretax Income+	27.14M	26.37M	33.18M	39.58M	47.72M	46.52M	57.2M	44.91M	46.46M	53.87M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	9.07M	8.8M	13.64M	9.91M	11.76M	11.08M	14.19M	11.26M	11.62M	13.31M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	18.07M	17.57M	19.54M	29.68M	35.96M	35.44M	43.01M	33.66M	34.84M	40.56M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.19%	-0.03%	0.11%	0.52%	0.21%	-0.01%	0.21%	-0.22%	0.04%	0.16%
Net Income (Continuing)	18.07M	17.57M	19.54M	29.68M	35.96M	35.44M	43.01M	33.66M	34.84M	40.56M
EPS (Diluted)+	1.33	1.29	1.36	1.92	2.33	2.32	2.80	2.24	2.36	2.82
EPS Growth %	0.23%	-0.03%	0.05%	0.41%	0.21%	-0%	0.21%	-0.2%	0.05%	0.19%
EPS (Basic)	1.34	1.30	1.38	1.94	2.35	2.33	2.82	2.25	2.37	2.84
Diluted Shares Outstanding	13.59M	13.65M	14.36M	15.43M	15.44M	15.28M	15.35M	15.02M	14.74M	14.4M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	48.62M	120.44M	70.14M	74.13M	80.08M	71.42M	257.53M	77.13M	78.6M	100.66M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	1.64B	1.79B	2.12B	2.29B	2.36B	2.99B	2.96B	3.34B	3.45B	3.32B
Investments Growth %	0.11%	0.09%	0.18%	0.08%	0.03%	0.27%	-0.01%	0.13%	0.03%	-0.04%
Long-Term Investments	1.13B	1.26B	1.56B	1.73B	1.76B	2.45B	1.99B	2.41B	2.43B	2.67B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	6.91M	8.27M	27.36M	27.36M	27.36M	27.36M	27.36M	27.36M	27.36M	27.36M
Intangible Assets	930K	2.8M	6.23M	6.46M	5.38M	4.31M	3.27M	2.27M	1.4M	618K
PP&E (Net)	21.99M	28.89M	29.39M	29.5M	27.43M	27.5M	23.57M	22.48M	16.91M	15.24M
Other Assets	61.59M	62.69M	71.52M	73.6M	78.71M	81.72M	82.33M	85.04M	106.61M	108.83M
Total Current Assets	562.01M	656.88M	636.15M	643.2M	689.11M	631.47M	1.24B	1.03B	1.12B	772.63M
Total Non-Current Assets	1.23B	1.38B	1.7B	1.88B	1.9B	2.59B	2.13B	2.58B	2.61B	2.84B
Total Assets+	1.8B	2.03B	2.34B	2.52B	2.59B	3.22B	3.37B	3.61B	3.73B	3.61B
Asset Growth %	0.1%	0.13%	0.15%	0.08%	0.03%	0.24%	0.05%	0.07%	0.03%	-0.03%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	117.63M	107.5M	64.64M	107.23M	80.66M	217.16M	191.38M	412.86M	552.59M	274.09M
Net Debt	69.01M	-12.94M	-5.5M	33.09M	579K	145.75M	-66.15M	335.73M	473.98M	173.43M
Long-Term Debt	32.93M	34.41M	34.59M	34.77M	34.95M	35.12M	84.44M	84.69M	164.96M	165.23M
Short-Term Debt	84.7M	73.09M	30.05M	72.46M	45.71M	182.04M	106.94M	328.17M	387.62M	108.86M
Other Liabilities	23.94M	24.02M	31.33M	25.91M	35.5M	35.08M	35.57M	45.98M	77.89M	91.21M
Total Current Liabilities	1.55B	1.77B	2.02B	2.19B	2.21B	2.81B	2.89B	3.17B	3.15B	3B
Total Non-Current Liabilities	56.86M	58.43M	65.92M	60.68M	70.45M	70.2M	120.01M	130.68M	242.86M	256.44M
Total Liabilities	1.61B	1.83B	2.08B	2.25B	2.28B	2.88B	3.01B	3.31B	3.39B	3.26B
Total Equity+	190.34M	205.88M	255.94M	273.02M	309.29M	343.9M	362.49M	303.58M	338.1M	357.3M
Equity Growth %	0.02%	0.08%	0.24%	0.07%	0.13%	0.11%	0.05%	-0.16%	0.11%	0.06%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.1%	0.09%	0.08%	0.11%	0.12%	0.11%	0.12%	0.1%	0.11%	0.12%
Book Value per Share	14.01	15.08	17.83	17.69	20.04	22.51	23.61	20.21	22.94	24.82
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	62.4M	72.63M	111.14M	112.51M	113.18M	113.38M	113.01M	112.93M	110.45M	108.97M
Additional Paid-in Capital	2.69M	2.83M	2.94M	3.07M	3.31M	3.74M	3.91M	4.15M	4.58M	4.51M
Retained Earnings	122.7M	132.18M	144.2M	164.12M	186.87M	208.37M	234.41M	243.08M	259.05M	275.08M
Accumulated OCI	2.55M	-1.76M	-2.33M	-6.67M	5.93M	18.41M	11.17M	-56.58M	-35.98M	-31.26M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	112.51M	113.18M	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	28.7M	15.58M	40.68M	30.45M	46.74M	40.03M	52.66M	33.57M	53.24M	57.15M
Operating CF Growth %	-0.02%	-0.46%	1.61%	-0.25%	0.54%	-0.14%	0.32%	-0.36%	0.59%	0.07%
Net Income	18.07M	17.57M	19.54M	29.68M	35.96M	35.44M	43.01M	33.66M	34.84M	40.56M
Depreciation & Amortization	2.41M	2.86M	3.54M	4.19M	4.06M	4.1M	4.27M	3.54M	3.23M	2.88M
Deferred Taxes	1.48M	-6.22M	-1.13M	-308K	-97K	-2.61M	85K	311K	-2.34M	4.03M
Other Non-Cash Items	6.01M	6.2M	5.39M	9.81M	8.3M	13.9M	1.43M	13.26M	6.07M	6.2M
Working Capital Changes	692K	-5.01M	12.86M	-13.3M	-1.98M	-11.5M	2.87M	-18.47M	9.7M	1.53M
Cash from Investing+	-170.26M	-21.34M	-51.67M	-188.19M	-53.29M	-627.25M	20.62M	-481M	-83.69M	141.23M
Purchase of Investments	-136.46M	-138.68M	-184.09M	-122.82M	-190.17M	-71.82M	-578.57M	-534.06M	-204.15M	-151.05M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	15.65M	61.57M	-6K	0	0	0	0	0	0
Other Investing	-162.88M	-34.79M	-76.83M	-171.3M	-25.42M	-694.47M	475.91M	-75.4M	-20.15M	-238.48M
Cash from Financing+	140.09M	77.58M	-39.31M	161.74M	12.5M	578.57M	112.83M	267.03M	31.92M	-176.32M
Dividends Paid	-5.66M	-6.51M	-7.93M	-9.76M	-11.33M	-12.21M	-13.23M	-13.92M	-13.71M	-13.63M
Share Repurchases	-7.96M	-2.26M	0	0	-2.54M	-2.56M	-5.22M	-5.19M	-8.88M	-15.84M
Stock Issued	0	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	-1000K	1000K	-1000K	1000K	1000K	1000K	1000K	-1000K
Other Financing	100.61M	101.14M	36.12M	137.29M	62.47M	570.43M	125.05M	192.14M	-81.99M	3.66M
Net Change in Cash+	-1.47M	71.82M	-50.3M	4M	5.95M	-8.66M	186.11M	-180.4M	1.47M	22.06M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	50.09M	48.62M	120.44M	70.14M	74.13M	80.08M	71.42M	257.53M	77.13M	78.6M
Cash at End	48.62M	120.44M	70.14M	74.13M	80.08M	71.42M	257.53M	77.13M	78.6M	100.66M
Interest Paid	2.56M	3.4M	5M	8.71M	13.77M	6.01M	3.65M	10.78M	48.55M	49.05M
Income Taxes Paid	6.39M	4.93M	7.15M	11.3M	12M	14.49M	13.55M	13.16M	10.36M	8.66M
Free Cash Flow+	26.17M	11.99M	38.54M	27.32M	45.95M	37.11M	52.28M	32.3M	51.83M	56M
FCF Growth %	-0.03%	-0.54%	2.21%	-0.29%	0.68%	-0.19%	0.41%	-0.38%	0.6%	0.08%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.57%	8.87%	8.46%	11.22%	12.35%	10.85%	12.18%	10.11%	10.86%	11.67%
Return on Assets (ROA)	1.05%	0.92%	0.89%	1.22%	1.41%	1.22%	1.31%	0.96%	0.95%	1.1%
Net Interest Margin	3.35%	3.2%	3.23%	3.66%	3.75%	3.25%	3.23%	3.04%	3.01%	3.32%
Efficiency Ratio	61.61%	64.79%	61.68%	54.41%	49.24%	52.39%	56.17%	52.47%	40.26%	41.94%
Equity / Assets	10.59%	10.13%	10.94%	10.82%	11.92%	10.68%	10.75%	8.41%	9.06%	9.89%
Book Value / Share	14.01	15.08	17.83	17.69	20.04	22.51	23.61	20.21	22.94	24.82
NII Growth	15.07%	8.38%	16.18%	22.08%	5.38%	7.67%	4%	0.54%	2.55%	6.78%
Dividend Payout	31.34%	37.04%	40.61%	32.88%	31.51%	34.44%	30.76%	41.35%	39.36%	33.61%

Revenue by Segment

	2020	2021	2022	2023	2024
Other Service Charges on Deposits	-	6.92M	7.31M	9.79M	10.53M
Other Service Charges on Deposits Growth	-	-	5.58%	33.96%	7.52%
Debit Card	7.02M	8.48M	8.53M	8.05M	8.13M
Debit Card Growth	-	20.82%	0.57%	-5.64%	1.02%
Returned Item and Overdraft Fees	-	4.92M	5.23M	5.26M	5.51M
Returned Item and Overdraft Fees Growth	-	-	6.15%	0.65%	4.79%
Deposit Account	11.77M	11.85M	12.54M	-	-
Deposit Account Growth	-	0.69%	5.82%	-	-
Other Service Charges On Deposits	6.69M	-	-	-	-
Other Service Charges On Deposits Growth	-	-	-	-	-
Returned Item And Overdraft Fees	5.08M	-	-	-	-
Returned Item And Overdraft Fees Growth	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Sierra Bancorp (BSRR) has a price-to-earnings (P/E) ratio of 12.4x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

Sierra Bancorp (BSRR) grew revenue by 13.2% over the past year. This is steady growth.

Yes, Sierra Bancorp (BSRR) is profitable, generating $39.8M in net income for fiscal year 2024 (21.2% net margin).

Dividend & Returns

Yes, Sierra Bancorp (BSRR) pays a dividend with a yield of 2.70%. This makes it attractive for income-focused investors.

Sierra Bancorp (BSRR) has a return on equity (ROE) of 11.7%. This is reasonable for most industries.

Industry Metrics

Sierra Bancorp (BSRR) has a net interest margin (NIM) of 3.3%. This indicates healthy earnings from lending activities.

Sierra Bancorp (BSRR) has an efficiency ratio of 41.9%. This is excellent, indicating strong cost control.

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