Sierra Bancorp Q2 net income falls 7% to $9.9M on $2.5M agricultural loan reserve

Filed July 27, 2026 · Period ending July 27, 2026 · ~1 min read

Key Changes

• high

  Q2 2026 net income declined 7% YoY to $9.9M ($0.77/share) from $10.6M ($0.78/share), driven by a $2.5M specific reserve on a single agricultural production loan to a lumber industry borrower.

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• high

  First half 2026 net income rose 14% to $22.4M ($1.72/share) from $19.7M ($1.43/share), with net interest margin improving 4 bps to 3.75% and efficiency ratio improving to 57.70% from 60.00%.

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• medium

  Cost of deposits declined 19 bps YoY to 1.11% and overall cost of funds fell 18 bps to 1.31%, while total deposits grew $54.6M (2%) in H1 2026 to $2.93B with noninterest-bearing deposits at 35.0% of total.

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