Sierra Bancorp: Q2 Earnings Snapshot
By AP News
Published - Jul 22, 2024, 08:08 AM ET
Last Updated - Jul 22, 2024, 08:08 AM EDT
PORTERVILLE, Calif. (AP) — PORTERVILLE, Calif. (AP) — Sierra Bancorp (BSRR) on Monday reported second-quarter net income of $10.3 million.
The bank, based in Porterville, California, said it had earnings of 71 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.
The parent company of Bank of the Sierra posted revenue of $51.1 million in the period. Its revenue net of interest expense was $37.8 million, also exceeding Street forecasts.
