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Sierra Bancorp: 1Q Earnings Snapshot

PORTERVILLE, Calif. (AP) _ Sierra Bancorp (BSRR) on Monday reported first-quarter earnings of $8.9 million.

The bank, based in Porterville, California, said it had earnings of 58 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.

The parent company of Bank of the Sierra posted revenue of $33.4 million in the period. Its revenue net of interest expense was $29.9 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $29.5 million.

Sierra Bancorp shares have risen slightly more than 1 percent since the beginning of the year. The stock has dropped 12 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BSRR at https://www.zacks.com/ap/BSRR