<span item_type="fundamental" item_id="f50383bf9a114576c7f3a119ff76d4f3" counter_id="ST/US/BSRR" env="prod"></span><span item_type="announcement" item_id="611665852302694401" env="prod"></span><p>Revenue: As of FY2025 Q4, the actual value is USD 50.62 M.</p><p>EPS: As of FY2025 Q4, the actual value is USD 0.97, beating the estimate of USD 0.865.</p><p>EBIT: As of FY2025 Q4, the actual value is USD -14.82 M.</p><p></p><h4>Net Income</h4><p>Sierra Bancorp reported record quarterly earnings of $12.9 million for the fourth quarter of 2025, a 24% increase over $10.4 million in Q4 2024 and higher than $9.7 million in Q3 2025. For the full year 2025, net income was $42.3 million, an increase of 4% compared to $40.6 million in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1130144/000110465926008973/bsrr-20260202xex99d1.htm"></span></p><h4>Net Interest Income</h4><p>Net interest income for the fourth quarter of 2025 was $32.0 million, marking a 5% increase over Q4 2024. For the full year 2025, it increased by 4% to $124.7 million compared to 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1130144/000110465926008973/bsrr-20260202xex99d1.htm"></span></p><h4>Credit Loss Expense</h4><p>In the fourth quarter of 2025, Sierra Bancorp recorded a reversal of - $0.8 million in credit loss expense related to loans. The full year 2025 saw $6.1 million of credit loss expense related to loans, compared to $4.6 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1130144/000110465926008973/bsrr-20260202xex99d1.htm"></span></p><h4>Noninterest Income</h4><p>Total noninterest income declined by - $0.2 million or -2% in the fourth quarter of 2025 compared to Q4 2024. For the full year 2025, it decreased by - $0.9 million or -3% compared to 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1130144/000110465926008973/bsrr-20260202xex99d1.htm"></span></p><h4>Noninterest Expense</h4><p>Noninterest expense increased by $0.2 million or less than 1% in Q4 2025 compared to Q4 2024, but decreased by - $0.1 million or -0.1% for the full year 2025 compared to 2024. Salaries and benefits declined by - $0.1 million or -1% in Q4 2025 compared to Q4 2024, and were $0.7 million higher or 1% for the full year 2025 compared to 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1130144/000110465926008973/bsrr-20260202xex99d1.htm"></span></p><h4>Pre-tax Pre-provision for Credit Losses Income</h4><p>This income was $16.3 million in Q4 2025, an 8% increase. For the full year 2025, it increased by 6% to $62.4 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1130144/000110465926008973/bsrr-20260202xex99d1.htm"></span></p><h4>Balance Sheet Metrics</h4><p>Total assets increased to $3.83 billion at December 31, 2025, a 6.0% or $215.8 million increase compared to $3.61 billion at December 31, 2024. Gross loans at amortized cost increased by $215.4 million or 9% to $2.5 billion for the full year 2025, driven by a $191.9 million increase in mortgage warehouse line utilization. Total deposits were $2.9 billion at December 31, 2025, representing an annual decrease of - $15.2 million or -0.5%. Noninterest-bearing deposits accounted for $995.6 million at December 31, 2025, making up 35% of total deposits. Total borrowings increased by $245.0 million. Total capital reached $364.9 million at December 31, 2025, an increase of $7.6 million or 2% relative to year-end 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1130144/000110465926008973/bsrr-20260202xex99d1.htm"></span></p><h4>Asset Quality</h4><p>Total nonperforming assets decreased by - $4.9 million to $14.8 million for the year ended December 31, 2025, compared to December 31, 2024. The nonperforming loans to gross loans ratio improved to 0.52% at December 31, 2025, from 0.84% at December 31, 2024. The allowance for credit losses on loans was $21.5 million at December 31, 2025, down from $24.8 million at December 31, 2024, representing 0.84% of total loans compared to 1.07% a year prior. Loans with payments past due 30 days or more and still accruing increased by $5.5 million to $6.8 million at December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1130144/000110465926008973/bsrr-20260202xex99d1.htm"></span></p><h4>Other Key Financial Ratios</h4><p>Return on average assets improved to 1.39% in Q4 2025 from 1.13% in Q4 2024, and for the full year 2025, it was 1.15% compared to 1.12% in 2024. Return on average equity increased to 14.09% in Q4 2025 from 11.49% in Q4 2024, and was 11.88% for the full year 2025 compared to 11.62% in 2024. The tax-equivalent net interest margin rose to 3.79% in Q4 2025 from 3.65% in Q4 2024, and was 3.75% for the full year 2025 compared to 3.66% in 2024. The efficiency ratio improved to 57.7% in Q4 2025 from 59.7% in Q4 2024, and for the full year 2025, it was 58.91% compared to 60.76% in 2024. The cost of average total deposits declined to 1.14% in Q4 2025 from 1.46% in Q4 2024, and was 1.27% for the full year 2025 compared to 1.50% in 2024. Tangible book value per share increased by 3.1% to $25.42 during the quarter. The regulatory Community Bank Leverage Ratio for the subsidiary Bank increased to 11.94% at December 31, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1130144/000110465926008973/bsrr-20260202xex99d1.htm"></span></p><h4>Outlook / Guidance</h4><p>Sierra Bancorp’s CEO expressed optimism for the 2026 strategy, focusing on deepening lending and deposit connections, enhancing processes and technology, and maintaining overall expenses. The company anticipates that the staff reduction in Q4 2025 will positively impact overall compensation expense in 2026. Legal expenses related to loan workouts are also expected to decrease in early 2026.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1130144/000110465926008973/bsrr-20260202xex99d1.htm"></span></p>

Sierra Bancorp | 8-K: FY2025 Q4 Revenue: USD 50.62 M