Sierra Bancorp Q1 FY26 net income rises 38% to $12.5 million

• Sierra Bancorp posted first-quarter fiscal 2026 net income of $12.5 million, up 38%, with diluted EPS rising 47% to $0.96.
• Net interest income climbed 2% to $30.6 million, while net interest margin widened 0.01 percentage points to 3.75%.
• Noninterest income jumped 20% to $8 million, while noninterest expense fell 3% to $21.8 million.
• Deposits increased 2% from the prior quarter to $2.93 billion, while gross loans declined 3% to $2.47 billion.
• CEO Kevin McPhaill said profitability remains the top priority, citing a 2% increase in core customer deposits during the quarter.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sierra Bancorp published the original content used to generate this news brief via Business Wire (Ref. ID: 20260427049172) on April 27, 2026, and is solely responsible for the information contained therein.