Sierra Bancorp (BSRR) Reports Q1 EPS of $0.27

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Sierra Bancorp Reports Earnings

April 20, 2015 8:00 AM EDT

PORTERVILLE, Calif., April 20, 2015 /PRNewswire/ -- Sierra Bancorp (Nasdaq: BSRR), parent of Bank of the Sierra, today announced its unaudited financial results for the quarter ended March 31, 2015.  Sierra Bancorp recognized net income of $3.738 million in the quarter, for a return on average assets of 0.93% and a return on average equity of 8.06%.  Net income was slightly lower than in the first quarter of the prior year due in large measure to the impact of nonrecurring items and a higher income tax accrual, but diluted earnings per share increased to $0.27 in the... More