Sierra Bancorp Second Quarter 2024 Earnings: Beats Expectations

Sierra Bancorp (NASDAQ:BSRR) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$36.9m (up 1.4% from 2Q 2023).
• Net income: US$10.3m (up 3.5% from 2Q 2023).
• Profit margin: 28% (in line with 2Q 2023).
• EPS: US$0.72 (up from US$0.67 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sierra Bancorp Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 8.5% from a week ago.

Risk Analysis

Be aware that Sierra Bancorp is showing 1 warning sign in our investment analysis that you should know about...

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