Bancorp reports FY 2025 net interest income up 4% to USD 124.7 million

Reuters02-28
Bancorp reports FY 2025 net interest income up 4% to USD 124.7 million

Sierra Bancorp reported FY 2025 net income of USD 42.3 million, with diluted EPS of USD 3.11. Net interest income was USD 124.7 million (+4.0% YoY) and noninterest income was USD 30.6 million (-3.0% YoY), while noninterest expense was USD 92.8 million (roughly flat YoY). Credit loss expense on loans was USD 6.1 million, and Sierra’s net interest margin (tax-equivalent) was 3.75% (up 9 basis points YoY); the efficiency ratio (tax-equivalent, non-GAAP) improved to 58.9%. At December 31, 2025, Sierra had total assets of USD 3.8 billion, total loans, net of USD 2.5 billion, and total deposits of USD 2.9 billion. Gross loans at amortized cost increased USD 215.4 million (+9.0% YoY), driven primarily by a USD 191.9 million increase in mortgage warehouse outstandings; deposits decreased USD 15.2 million (-0.5% YoY) as higher-cost customer time deposits declined USD 71.4 million, partly offset by a USD 45.1 million increase in brokered deposits. Business highlights for FY 2025 included a 26 basis point decline in the cost of interest-bearing liabilities, a continued shift in the securities portfolio away from CLOs (CLO balances declined to USD 199.3 million from USD 412.9 million), and higher mortgage-backed securities holdings (USD 259.8 million available-for-sale vs. USD 93.5 million). Sierra also cited the workout of a single agricultural production loan relationship that resulted in USD 7.5 million of charge-offs, and noted the purchase of USD 15.0 million in new bank-owned life insurance policies in April 2025. Shareholders’ equity ended 2025 at USD 364.9 million, reflecting USD 30.8 million in share repurchases and USD 13.7 million in dividends paid during the year.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-021479), on February 27, 2026, and is solely responsible for the information contained therein.

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