Sierra Bancorp: Q4 Earnings Snapshot
By AP News
Published - Jan 29, 2024, 08:51 AM ET
Last Updated - Jan 29, 2024, 08:51 AM EST
PORTERVILLE, Calif. (AP) — PORTERVILLE, Calif. (AP) — Sierra Bancorp (BSRR) on Monday reported fourth-quarter profit of $6.3 million.
The Porterville, California-based bank said it had earnings of 43 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 70 cents per share.
The parent company of Bank of the Sierra posted revenue of $50.5 million in the period. Its revenue net of interest expense was $35.9 million, which topped Street forecasts.
