- Sierra Bancorp reported **net income of $9.7 million**, or **$0.72 per diluted share**, for Q3 2025, a 9% decrease from Q2 2025.  **[1130144_0001104659-25-102359_bsrr-20251027xex99d1.htm:0]** **[1130144_0001104659-25-102359_bsrr-20251027xex99d1.htm:4]**  For the first nine months of 2025, diluted earnings per share increased **3% to $2.15**, primarily due to stock repurchases, despite a 3% decrease in net income to **$29.4 million** compared to the same period in 2024.  **[1130144_0001104659-25-102359_bsrr-20251027xex99d1.htm:0]** **[1130144_0001104659-25-102359_bsrr-20251027xex99d1.htm:1]** **[1130144_0001104659-25-102359_bsrr-20251027xex99d1.htm:4]** 
- The company improved its **Net Interest Margin to 3.78%** and its **efficiency ratio to 58.0%** in Q3 2025, compared to 3.68% and 59.4% respectively in the prior linked quarter.  **[1130144_0001104659-25-102359_bsrr-20251027xex99d1.htm:0]** **[1130144_0001104659-25-102359_bsrr-20251027xex99d1.htm:4]** 
- Gross loans increased by **$57.2 million** (9% annualized) to **$2.5 billion**, and customer deposits increased by **$13.3 million** (2% annualized) to **$2.7 billion** during Q3 2025.  **[1130144_0001104659-25-102359_bsrr-20251027xex99d1.htm:0]** 
- Credit quality improved with the total nonperforming loans to total gross loans ratio falling to **0.56%** in Q3 2025 from 0.62% in the prior linked quarter.  **[1130144_0001104659-25-102359_bsrr-20251027xex99d1.htm:0]** **[1130144_0001104659-25-102359_bsrr-20251027xex99d1.htm:22]**  However, the provision for credit losses on loans increased to **$3.7 million** in Q3 2025, mainly due to a **$3.5 million** individual reserve for a single agricultural production loan.  **[1130144_0001104659-25-102359_bsrr-20251027xex99d1.htm:6]** 
- Sierra Bancorp repurchased **190,342 shares** of common stock during Q3 2025 at an average price of **$30.55** and declared a quarterly dividend of **$0.25 per share**.  **[1130144_0001104659-25-102359_bsrr-20251027xex99d1.htm:0]**

Sierra Bancorp Reports Q3 and Nine-Month 2025 Financial Results

- Sierra Bancorp reported **net income of $9.7 million** and **diluted earnings per share of $0.72** for the third quarter of 2025. For the first nine months of 2025, net income was **$29.4 million** and diluted EPS was **$2.15**.  **[1130144_72201d2ccc224cc89414faabfedc289c_0]** **[1130144_72201d2ccc224cc89414faabfedc289c_1]** **[1130144_72201d2ccc224cc89414faabfedc289c_5]** 
- The company improved its net interest margin to **3.78%** and its efficiency ratio to **58.0%** in Q3 2025, compared to the prior linked quarter.  **[1130144_72201d2ccc224cc89414faabfedc289c_0]** **[1130144_72201d2ccc224cc89414faabfedc289c_5]** 
- Gross loans increased by **$57.2 million** (9% annualized) to **$2.5 billion** in Q3 2025, and total assets grew by **$95.1 million** (3%) to **$3.7 billion** during the first nine months of 2025.  **[1130144_72201d2ccc224cc89414faabfedc289c_0]** **[1130144_72201d2ccc224cc89414faabfedc289c_4]** **[1130144_72201d2ccc224cc89414faabfedc289c_5]** 
- The company repurchased **190,342 shares** of common stock in Q3 2025 and **802,753 shares** during the first nine months of 2025, contributing to a 3% increase in nine-month diluted EPS, and increased tangible book value per share by 3% to **$24.66** in Q3 2025.  **[1130144_72201d2ccc224cc89414faabfedc289c_1]** **[1130144_72201d2ccc224cc89414faabfedc289c_5]** **[1130144_72201d2ccc224cc89414faabfedc289c_23]**  A dividend of **$0.25 per share** was also declared.  **[1130144_72201d2ccc224cc89414faabfedc289c_1]**

SIERRA BANCORP (BSRR)