| Over a month ago | ||||
Reports Q1 book value per… Reports Q1 book value per share $21.03. Reports Q1 Tangible Common Equity Ratio 10.9%. "We are proud of our first quarter results, especially given the challenges created by the worldwide coronavirus pandemic," stated Kevin McPhaill, President and CEO. "Our team is focused and working diligently through these difficult circumstances, which is apparent through an improved efficiency ratio and solid earnings," he noted further. "We remain optimistic and committed to providing excellent service to our banking customers throughout the year and beyond!" McPhaill concluded. | ||||
| Over a quarter ago | ||||
Piper Sandler analyst… Piper Sandler analyst Matthew Clark assumed coverage of Sierra Bancorp with a Neutral rating and $30 price target. The analyst expects the company's net interest margin pressure to resume due to competitive loan pricing. | ||||
Reports Q4 book value per… Reports Q4 book value per share $20.24. "As we wrap up the fourth quarter of 2019, we are particularly pleased with our record breaking net income for both the quarter and the year," stated Kevin McPhaill, President and CEO. "This achievement is especially noteworthy in light of the many headwinds we encountered including subdued loan growth, compressing margins, and strong competition for earning assets," he observed further. "Looking forward to the coming year, our entire banking team is committed to the Company's success by overcoming whatever challenges lie ahead, seizing new opportunities, and striving to make Bank of the Sierra the best we can possibly be," McPhaill concluded. | ||||
Sierra Bancorp, parent of… Sierra Bancorp, parent of Bank of the Sierra, announced that its board has declared a regular quarterly cash dividend of 20c per share. This represents an increase of 1c per share, or 5%, relative to the dividend paid last quarter. The dividend was approved subsequent to the board's review of the company's financial performance and capital strength for the quarter ended December 31, 2019, and will be paid on February 13, 2020 to shareholders of record as of January 30, 2020. | |
Reports Q3 book value per… Reports Q3 book value per share $19.85. "We are pleased to report strong earnings for the third quarter along with solid organic deposit growth for the year-to-date period. Moreover, while real estate and commercial loan growth remain challenging for us, we were able to increase total loans by boosting utilization on mortgage warehouse lines," stated Kevin McPhaill, President and CEO. "Our team throughout the Bank is focused on business development and process improvement, which is most immediately evident in an improved efficiency ratio and solid earnings," he noted further. "While it appears that near-term loan growth may be subdued, at best, I believe that our hard work and dedication should contribute to sound results for the remainder of the year and provide a solid foundation for future growth," McPhaill concluded. | |
Reports Q2 book value per… Reports Q2 book value per share $19.36. "We are proud of our results for the second quarter of 2019, which reflect robust net income and a respectable efficiency ratio," stated Kevin McPhaill, President and CEO. "Deposit growth was also solid, but loan growth was challenging during this past quarter as we saw increasing competition on rates and loan structure. Our bankers are up to the challenge and they remain focused on loan growth and consistent credit quality," he noted further. "We are optimistic about the remainder of the year and look forward to continued growth while keeping an eye on efficiency," McPhaill concluded. |