Earnings Snapshot: Sierra Bancorp reports $7.1 million Q4 earnings
The Porterville, California-based Sierra Bancorp's earnings per share were 47 cents
By AP News
Published - Jan 30, 2023, 09:54 AM ET
Last Updated - Jun 23, 2023, 12:18 AM EDT
PORTERVILLE, Calif. (AP) _ Sierra Bancorp (BSRR) on Monday reported fourth-quarter earnings of $7.1 million.
The bank, based in Porterville, California, said it had earnings of 47 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.
The parent company of Bank of the Sierra posted revenue of $43.3 million in the period. Its revenue net of interest expense was $37 million, which beat Street forecasts. Three analysts surveyed by Zacks expected $36.9 million.
