Sierra Bancorp (BSRR) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Sierra Bancorp (BSRR) reported $35.85 million in revenue for the quarter ended September 2023, representing a year-over-year increase of 0.9%. EPS of $0.68 for the same period compares to $0.66 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $35.83 million, representing a surprise of +0.05%. The company delivered an EPS surprise of -1.45%, with the consensus EPS estimate being $0.69.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Sierra Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin [%]: 3.3% compared to the 3.3% average estimate based on three analysts.
Efficiency ratio: 61.5% compared to the 59.9% average estimate based on three analysts.
Net Charge-Offs (% of Average Loans): 0% compared to the 0.1% average estimate based on three analysts.
Average Interest-Earning Assets: $3.46 billion compared to the $3.50 billion average estimate based on two analysts.
Total Non-performing loans: $0.78 million versus the two-analyst average estimate of $1.57 million.
Total Nonperforming Assets: $0.78 million versus $1.72 million estimated by two analysts on average.
Total non-interest revenue: $7.76 million versus the three-analyst average estimate of $7.08 million.
Net Interest Income: $28.09 million versus $28.50 million estimated by three analysts on average.
View all Key Company Metrics for Sierra Bancorp here>>>
Shares of Sierra Bancorp have returned -5% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Sierra Bancorp (BSRR) : Free Stock Analysis Report
