BSRR

MKT CAP:$478M

Sierra Bancorp

Market Cap

$478M

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$36.06+$3.63 (+11.19%)

Apr 23, 2026

Company Details

Sierra Bancorp operates as the bank holding company for Bank of the Sierra that provides retail and commercial banking services to individuals and businesses in California. The company accepts various deposit products, such as checking acco...

CEO

Kevin J. McPhaill

IPO Date

Apr 18, 1994

Website

www.sierrabancorp.com

Key Metrics TTM

Revenue

$195M

+2.2% YoY

Net Income

$42M

EPS (Diluted)

$3.12

Free Cash Flow

$31M

Revenue / Share

$14.63

Gross Margin

73.0%

Operating Margin

28.9%

Net Margin

21.7%

FCF Margin

16.1%

P/S

2.4x

P/E

11.3x

Earnings Reports

Q1 2026

Apr 27, 2026

PENDING

FY 2025

Feb 27, 2026

$202M+5.7%EPS $3.11

Q4 2025

Feb 27, 2026

$51M+13.5%EPS $0.97

Q3 2025

Oct 31, 2025

$50M-1.1%EPS $0.72

Q2 2025

Aug 1, 2025

$49M+0.0%EPS $0.78

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$30M	$28M	$10M
Q2 22	$36M	$32M	$12M
Q3 22	$36M	$32M	$13M
Q4 22	$41M	$28M	$9M
Q1 23	$42M	$32M	$11M
Q2 23	$46M	$34M	$13M
Q3 23	$48M	$34M	$13M
Q4 23	$33M	$15M	$8M
Q1 24	$47M	$35M	$13M
Q2 24	$49M	$35M	$14M
Q3 24	$50M	$35M	$14M
Q4 24	$45M	$29M	$13M
Q1 25	$46M	$33M	$12M
Q2 25	$49M	$36M	$14M
Q3 25	$50M	$34M	$13M
Q4 25	$51M	$40M	$17M

Valuation

Quarter	P/S	P/E
Q1 22	3.0x	9.8x
Q2 22	2.5x	8.8x
Q3 22	2.2x	8.3x
Q4 22	2.2x	9.4x
Q1 23	1.6x	7.1x
Q2 23	1.5x	7.0x
Q3 23	1.5x	7.7x
Q4 23	1.9x	9.0x
Q1 24	1.6x	7.9x
Q2 24	1.8x	9.0x
Q3 24	2.3x	11.3x
Q4 24	2.1x	10.1x
Q1 25	2.1x	9.9x
Q2 25	2.2x	10.1x
Q3 25	2.1x	9.9x
Q4 25	2.3x	10.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$9M	$9M
Q2 22	$5M	$5M
Q3 22	$19M	$19M
Q4 22	$167.0K	-$206.0K
Q1 23	$11M	$10M
Q2 23	$15M	$15M
Q3 23	$20M	$19M
Q4 23	$4M	$4M
Q1 24	$7M	$7M
Q2 24	$620.0K	$202.0K
Q3 24	$27M	$27M
Q4 24	$22M	$22M
Q1 25	$41M	$40M
Q2 25	-$36M	-$36M
Q3 25	$15M	$15M
Q4 25	$14M	$13M

Capital Expenditures

Quarter	CapEx
Q1 22	$265.0K
Q2 22	$301.0K
Q3 22	$333.0K
Q4 22	$373.0K
Q1 23	$413.0K
Q2 23	$309.0K
Q3 23	$390.0K
Q4 23	$303.0K
Q1 24	$369.0K
Q2 24	$418.0K
Q3 24	$118.0K
Q4 24	$251.0K
Q1 25	$385.0K
Q2 25	$451.0K
Q3 25	$244.0K
Q4 25	$1M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-17.5%	-7.6%
Q2 22	+11.4%	+41.1%
Q3 22	+9.5%	+20.2%
Q4 22	+26.2%	+62.3%
Q1 23	+40.5%	+54.6%
Q2 23	+27.9%	+38.7%
Q3 23	+33.5%	+52.9%
Q4 23	-18.9%	-21.9%
Q1 24	+12.5%	+13.3%
Q2 24	+6.4%	+6.6%
Q3 24	+4.9%	+3.6%
Q4 24	+35.6%	+29.9%
Q1 25	-2.8%	-2.6%
Q2 25	+0.0%	-0.0%
Q3 25	-1.1%	+3.2%
Q4 25	+13.5%	+4.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$371.0K	1.2%
Q2 22	$305.0K	0.8%
Q3 22	$282.0K	0.8%
Q4 22	$326.0K	0.8%
Q1 23	$413.0K	1.0%
Q2 23	$406.0K	0.9%
Q3 23	$421.0K	0.9%
Q4 23	$509.0K	1.5%
Q1 24	$487.0K	1.0%
Q2 24	$521.0K	1.1%
Q3 24	$377.0K	0.8%
Q4 24	$571.0K	1.3%
Q1 25	$502.0K	1.1%
Q2 25	$539.0K	1.1%
Q3 25	$436.0K	0.9%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	S&M
Q1 22	$12M	$406.0K
Q2 22	$12M	$449.0K
Q3 22	$11M	$466.0K
Q4 22	$13M	$407.0K
Q1 23	$13M	$513.0K
Q2 23	$13M	$410.0K
Q3 23	$13M	$723.0K
Q4 23	$12M	$569.0K
Q1 24	$14M	$343.0K
Q2 24	$13M	$338.0K
Q3 24	$13M	$381.0K
Q4 24	$10M	$361.0K
Q1 25	$13M	$348.0K
Q2 25	$14M	$405.0K
Q3 25	$14M	$403.0K
Q4 25	$23M	$370.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$254M	$1.0B	$1.3B
Q2 22	$162M	$864M	$1.0B
Q3 22	$87M	$1.1B	$1.2B
Q4 22	$77M	$935M	$1.0B
Q1 23	$84M	$1.0B	$1.1B
Q2 23	$103M	$1.0B	$1.1B
Q3 23	$89M	$1.0B	$1.1B
Q4 23	$79M	$1.0B	$1.1B
Q1 24	$119M	$742M	$861M
Q2 24	$184M	$717M	$901M
Q3 24	$133M	$706M	$839M
Q4 24	$101M	$656M	$757M
Q1 25	$160M	$461M	$621M
Q2 25	$130M	$967M	$1.1B
Q3 25	$96M	$597M	$692M
Q4 25	$136M	$916M	$1.1B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	15M	-1.2%	-1.5%
Q2 22	15M	-0.8%	-2.4%
Q3 22	15M	+0.1%	-2.2%
Q4 22	15M	-0.1%	-2.0%
Q1 23	15M	+0.0%	-0.8%
Q2 23	15M	-1.7%	-1.7%
Q3 23	15M	-0.8%	-2.5%
Q4 23	15M	-0.3%	-2.7%
Q1 24	15M	-0.2%	-3.0%
Q2 24	14M	-1.2%	-2.5%
Q3 24	14M	-0.3%	-2.1%
Q4 24	14M	-0.3%	-2.0%
Q1 25	14M	-2.7%	-4.4%
Q2 25	14M	-1.0%	-4.2%
Q3 25	14M	-0.7%	-4.6%
Q4 25	13M	-2.4%	-6.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$226.5K	132
Q2 22	$273.0K	132
Q3 22	$272.0K	132
Q4 22	$863.7K	47
Q1 23	$893.9K	47
Q2 23	$980.6K	47
Q3 23	$1M	47
Q4 23	$67.0K	491
Q1 24	$96.3K	491
Q2 24	$99.8K	491
Q3 24	$102.4K	491
Q4 24	$100.0K	446
Q1 25	$103.1K	446
Q2 25	$110.0K	446
Q3 25	$111.4K	446
Q4 25	$116.1K	436

Revenue / Employee