Sierra Bancorp Posts Q3 Profit of $15.3 Million, Beating Analyst Estimates

Sierra Bancorp (BSRR) on Monday reported third-quarter profit of $15.3 million, or $1.18 per share, surpassing Wall Street expectations of 90 cents per share from four analysts surveyed by Zacks Investment Research. The Porterville, California-based parent company of Bank of the Sierra posted revenue of $50.6 million for the period. Revenue net of interest expense came in at $40.1 million, also topping the $39.3 million forecast by four Zacks analysts. The bank's shares have risen 28% since the beginning of the year and 53% over the last 12 months.