Sierra Bancorp filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC, reporting third-quarter net income of $15.281 million and nine-month net income of $37.720 million.

Key Highlights

  • Q3 net income of $15.281 million, up from $9.699 million in the same quarter of 2025, according to the filing.
  • Diluted EPS of $1.18 for Q3 2026, compared to $0.72 in Q3 2025; nine-month diluted EPS was $2.90 versus $2.15 a year earlier.
  • Net interest income of $32.365 million for Q3 2026, compared to $31.968 million in Q3 2025; nine-month net interest income reached $93.386 million.
  • Total assets of $3.675 billion as of September 30, 2026, down from $3.829 billion at December 31, 2025.
  • Gross loans of $2.428 billion at quarter-end, compared to $2.547 billion at year-end 2025.
  • Credit loss benefit on loans of $2.024 million in Q3 2026, a reversal from a $3.709 million expense in Q3 2025.
  • 12,966,397 shares of common stock outstanding as of October 26, 2026, including 173,492 shares of unvested restricted stock.

Sierra Bancorp's Q3 2026 Financial Results: Income, Loans, and Balance Sheet

Sierra Bancorp (NASDAQ:BSRR), headquartered in Porterville, California, reported third-quarter 2026 net income of $15.281 million, up from $9.699 million in the third quarter of 2025, according to its quarterly filing. For the nine months ended September 30, 2026, the company disclosed net income of $37.720 million, compared to $29.433 million in the same period of 2025. Total interest income for Q3 2026 was $42.917 million, down from $43.937 million in Q3 2025, while total interest expense fell to $10.552 million from $11.969 million, the filing showed.

The company's consolidated balance sheet as of September 30, 2026, reflected total assets of $3.675 billion, a decline from $3.829 billion at December 31, 2025. Total deposits increased to $2.985 billion from $2.876 billion over the same period. Other borrowings fell sharply to $52.000 million from $302.700 million at year-end 2025. Total shareholders' equity stood at $361.746 million at September 30, 2026, compared to $364.863 million at December 31, 2025. Accumulated other comprehensive loss widened to $41.740 million from $23.174 million, the filing disclosed, reflecting unrealized holding losses on securities.

Noninterest expense for Q3 2026 totaled $22.314 million, down from $23.635 million in Q3 2025. Salaries and benefits declined to $12.161 million from $12.827 million year over year. Noninterest income for the quarter was $7.716 million versus $8.058 million a year earlier. The allowance for credit losses on loans was $21.650 million at September 30, 2026, compared to $21.480 million at December 31, 2025. The company reported no foreclosed assets at quarter-end, down from $1.565 million at year-end 2025.

What Was Disclosed

Sierra Bancorp filed its unaudited quarterly report for the period ended September 30, 2026, disclosing income statements, balance sheet figures, and credit quality data. The filing covers three- and nine-month comparisons against the prior year alongside share count and per-share data.