Sierra Bancorp (BSRR) Reports Q1 EPS of $0.49
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Sierra Bancorp Reports Quarterly Results
April 25, 2022 8:01 AM EDTPORTERVILLE, Calif.--(BUSINESS WIRE)-- Sierra Bancorp (Nasdaq: BSRR), parent of Bank of the Sierra, today announced its unaudited financial results for the quarter ended March 31, 2022. Sierra Bancorp reported consolidated net income of $7.4 million, or $0.49 per diluted share, for the first quarter of 2022 compared to $11.1 million, or $0.72 per diluted share, in the first quarter of 2021. The unfavorable variance in net income came largely from a $3.8 million decrease in net interest income. The Company's return on average assets and return on average equity were 0.88% and 8.64%, respectively, in the first quarter of 2022 as compared to 1.40% and... More
