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Sierra Bancorp: 4Q Earnings Snapshot

PORTERVILLE, Calif. (AP) _ Sierra Bancorp (BSRR) on Tuesday reported fourth-quarter profit of $7.9 million.

The bank, based in Porterville, California, said it had earnings of 51 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.

The parent company of Bank of the Sierra posted revenue of $32.3 million in the period. Its revenue net of interest expense was $29.3 million, which also missed Street forecasts. Three analysts surveyed by Zacks expected $29.5 million.

For the year, the company reported profit of $29.7 million, or $1.92 per share. Revenue was reported as $114 million.

Sierra Bancorp shares have risen 8.5 percent since the beginning of the year. The stock has dropped 8 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