Sierra Bancorp (BSRR) Income Statement Analysis

See more : Midland Exploration Inc. (MD.V) Income Statement Analysis – Financial Results

Complete financial analysis of Sierra Bancorp (BSRR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Sierra Bancorp, a leading company in the Banks – Regional industry within the Financial Services sector.

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Sierra Bancorp (BSRR)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.sierrabancorp.com

About Sierra Bancorp

Sierra 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.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998
Revenue	139.12M	130.09M	127.56M	130.99M	120.85M	113.96M	97.48M	84.42M	77.84M	68.16M	65.63M	68.71M	67.60M	74.04M	75.25M	72.60M	71.02M	66.86M	60.06M	53.92M	46.15M	41.51M	37.11M	34.75M	28.14M	27.40M
Cost of Revenue	0.00	0.00	0.00	0.00	0.00	3.99M	4.49M	3.43M	3.02M	2.54M	2.24M	2.29M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	139.12M	130.09M	127.56M	130.99M	120.85M	109.96M	92.99M	80.99M	74.83M	65.62M	63.38M	66.42M	67.60M	74.04M	75.25M	72.60M	71.02M	66.86M	60.06M	53.92M	46.15M	41.51M	37.11M	34.75M	28.14M	27.40M
Gross Profit Ratio	100.00%	100.00%	100.00%	100.00%	100.00%	96.50%	95.39%	95.94%	96.13%	96.27%	96.58%	96.67%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	60.94M	45.95M	50.99M	40.18M	35.98M	36.13M	31.51M	27.45M	24.87M	22.93M	21.92M	20.73M	20.67M	20.87M	18.96M	16.67M	17.86M	16.77M	15.65M	13.92M	13.89M	11.70M	10.91M	11.52M	8.84M	8.10M
Selling & Marketing	2.22M	1.73M	1.52M	1.89M	2.57M	2.75M	2.51M	2.39M	2.32M	2.21M	1.96M	1.77M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	63.15M	47.68M	52.51M	40.18M	35.98M	36.13M	31.51M	27.45M	24.87M	22.93M	21.92M	20.73M	20.67M	20.87M	18.96M	16.67M	17.86M	16.77M	15.65M	13.92M	13.89M	11.70M	10.91M	11.52M	8.84M	8.10M
Other Expenses	0.00	-120.65M	-122.86M	-124.64M	-109.11M	-109.75M	-86.09M	-78.75M	-69.98M	-64.32M	-65.62M	-74.99M	1.37M	-80.13M	-72.50M	-50.65M	-25.66M	-29.33M	-38.10M	-38.82M	-38.42M	-32.19M	-21.63M	-19.37M	-16.87M	-15.00M
Operating Expenses	63.15M	-72.97M	-70.36M	-84.46M	-73.13M	-61.14M	-54.58M	-51.30M	-45.11M	-41.39M	-43.70M	-54.26M	22.04M	-59.27M	-53.54M	-33.99M	-7.80M	-12.56M	-22.45M	-24.90M	-24.53M	-20.50M	-10.72M	-7.85M	-8.03M	-6.90M
Cost & Expenses	63.15M	-72.97M	-70.36M	-84.46M	-73.13M	-61.14M	4.49M	3.43M	3.02M	2.54M	2.24M	2.29M	20.67M	-59.27M	-53.54M	-33.99M	-7.80M	-12.56M	-22.45M	-24.90M	-24.53M	-20.50M	-10.72M	-7.85M	-8.03M	-6.90M
Interest Income	163.12M	121.82M	113.08M	110.24M	110.95M	101.64M	80.92M	68.51M	62.71M	55.12M	51.79M	54.90M	58.61M	63.83M	70.15M	77.94M	87.55M	80.78M	64.37M	52.16M	42.61M	42.09M	43.34M	46.99M	34.51M	33.70M
Interest Expense	50.72M	12.20M	4.05M	5.41M	13.58M	9.24M	5.22M	3.32M	2.58M	2.80M	3.22M	4.32M	5.66M	7.65M	12.18M	21.33M	31.44M	25.13M	13.33M	8.50M	6.87M	9.10M	15.89M	18.68M	11.72M	12.40M
Depreciation & Amortization	3.23M	3.54M	4.27M	4.10M	3.88M	4.01M	3.36M	2.58M	2.27M	2.11M	2.13M	2.44M	2.70M	2.89M	3.10M	3.12M	3.45M	4.12M	4.47M	4.35M	3.25M	2.40M	2.47M	1.97M	1.58M	1.80M
EBITDA	49.70M	48.45M	61.47M	50.62M	51.78M	45.92M	37.48M	29.29M	29.54M	23.55M	35.66M	10.28M	12.25M	10.02M	14.78M	26.14M	37.51M	36.49M	30.93M	26.22M	0.00	0.00	0.00	0.00	0.00	0.00
EBITDA Ratio	35.72%	46.63%	48.19%	38.65%	42.85%	46.53%	43.02%	38.55%	41.10%	38.64%	33.24%	21.25%	24.70%	23.86%	32.98%	57.48%	93.87%	87.37%	70.05%	61.89%	53.89%	56.41%	77.78%	83.07%	77.08%	81.39%
Operating Income	46.46M	57.12M	57.20M	46.52M	47.72M	48.83M	38.40M	29.69M	29.72M	24.23M	19.68M	12.16M	14.00M	14.78M	21.71M	38.61M	63.22M	54.30M	37.61M	29.02M	21.62M	21.02M	26.39M	26.90M	20.11M	20.50M
Operating Income Ratio	33.40%	43.91%	44.84%	35.52%	39.49%	42.85%	39.39%	35.17%	38.18%	35.55%	29.99%	17.70%	20.71%	19.96%	28.86%	53.18%	89.02%	81.21%	62.62%	53.82%	46.85%	50.63%	71.12%	77.41%	71.47%	74.82%
Total Other Income/Expenses	0.00	-26.30M	-29.77M	-24.00M	-22.19M	-20.85M	-21.83M	-19.97M	-16.61M	-14.72M	-14.26M	-2.44M	-2.58M	-2.89M	-1.44M	-987.00K	-880.00K	-1.15M	-570.00K	0.00	-6.87M	-9.10M	-15.89M	-18.68M	-11.72M	-12.40M
Income Before Tax	46.46M	44.92M	57.20M	46.52M	47.72M	39.58M	33.18M	26.37M	27.14M	21.43M	16.46M	7.84M	8.34M	7.13M	9.54M	17.28M	31.78M	29.17M	24.28M	20.52M	14.75M	11.92M	10.50M	8.22M	8.39M	8.10M
Income Before Tax Ratio	33.40%	34.53%	44.84%	35.52%	39.49%	34.74%	34.04%	31.23%	34.86%	31.44%	25.08%	11.41%	12.34%	9.63%	12.67%	23.80%	44.75%	43.62%	40.42%	38.06%	31.95%	28.71%	28.30%	23.66%	29.81%	29.56%
Income Tax Expense	11.62M	11.26M	14.19M	11.08M	11.76M	9.91M	13.64M	8.80M	9.07M	6.19M	3.09M	-344.00K	564.00K	-234.00K	608.00K	3.87M	10.76M	9.98M	8.08M	7.17M	4.38M	3.08M	3.62M	2.74M	2.78M	2.90M
Net Income	34.84M	33.66M	43.01M	35.44M	35.96M	29.68M	19.54M	17.57M	18.07M	15.24M	13.37M	8.19M	7.78M	7.36M	8.93M	13.41M	21.02M	19.19M	16.19M	13.35M	10.36M	8.84M	6.88M	5.48M	5.61M	5.20M
Net Income Ratio	25.05%	25.87%	33.72%	27.06%	29.76%	26.04%	20.04%	20.81%	23.21%	22.36%	20.37%	11.91%	11.51%	9.94%	11.86%	18.48%	29.60%	28.70%	26.96%	24.75%	22.46%	21.29%	18.53%	15.77%	19.95%	18.98%
EPS	2.37	2.25	2.82	2.33	2.35	1.94	1.38	1.30	1.34	1.09	0.94	0.58	0.55	0.61	0.86	1.40	2.17	1.96	1.66	1.41	1.12	0.96	0.75	0.60	0.61	0.57
EPS Diluted	2.36	2.24	2.80	2.32	2.33	1.92	1.36	1.29	1.33	1.08	0.94	0.58	0.55	0.60	0.86	1.37	2.09	1.87	1.56	1.31	1.03	0.91	0.75	0.60	0.61	0.57
Weighted Avg Shares Out	14.71M	14.96M	15.24M	15.22M	15.31M	15.26M	14.17M	13.53M	13.46M	14.00M	14.16M	14.10M	14.04M	12.11M	10.34M	9.61M	9.70M	9.79M	9.76M	9.47M	9.25M	9.21M	9.17M	9.14M	9.21M	9.12M
Weighted Avg Shares Out (Dil)	14.74M	15.02M	15.35M	15.28M	15.44M	15.43M	14.36M	13.65M	13.59M	14.14M	14.29M	14.12M	14.09M	12.19M	10.42M	9.78M	10.04M	10.26M	10.36M	10.19M	10.06M	9.71M	9.17M	9.14M	9.21M	9.12M

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Sierra Bancorp Completes Private Placement of $50 Million of Subordinated Notes

September 24, 2021businesswire.com

PORTERVILLE, Calif.--(BUSINESS WIRE)--Sierra Bancorp Completes Private Placement of $50 Million of Subordinated Notes

KBRA Assigns Ratings to Sierra Bancorp

September 9, 2021businesswire.com

NEW YORK--(BUSINESS WIRE)-- #KBRA--Kroll Bond Rating Agency (KBRA) assigns a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 to Porterville, California-based Sierra Bancorp (NASDAQ: BSRR or “the company”). In...

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Continuing to grow the lending portfolio will likely drive incremental profitability improvement.

Sierra Bancorp (BSRR) Q2 Earnings Surpass Estimates

July 19, 2021zacks.com

Sierra Bancorp (BSRR) delivered earnings and revenue surprises of 15.15% and -3.06%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Sierra Bancorp Announces Record Quarterly and Year to Date Earnings

July 19, 2021businesswire.com

PORTERVILLE, Calif.--(BUSINESS WIRE)--Sierra Bancorp (Nasdaq: BSRR), parent of Bank of the Sierra, today announced its unaudited financial results for the three- and six-month periods ended June 30, 2021. Sierra Bancorp reported consolidated net income of $11.7 million, or $0.76 per...