Sierra Bancorp: Q1 Earnings Snapshot

PORTERVILLE, Calif. (AP) — PORTERVILLE, Calif. (AP) — Sierra Bancorp (BSRR) on Monday reported first-quarter profit of $8.8 million.

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

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.

The parent company of Bank of the Sierra posted revenue of $44 million in the period. Its revenue net of interest expense was $34.7 million, which also fell short of Street forecasts.

Sierra Bancorp shares have fallen 25% since the beginning of the year. The stock has dropped 34% in the last 12 months.

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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