By Jorge Mercado Monday, November 2nd, 2026

Sierra Bancorp, the parent company of Bank of the Sierra, announced its results for the third quarter of 2026 on Oct. 26, noting that consolidated net income was $15.3 million for the quarter, a large increase from $9.7 million in the same quarter a year ago.

For the first nine months of 2026, the company recognized net income of $37.7 million, or $2.90 per diluted share, as compared to $29.4 million, or $2.15 per diluted share, for the same period in 2025. 

Bank of the Sierra is headquartered in Porterville but has 10 branches in the tri-county area.

Return on average assets was 1.66% and return on average equity was 16.49% for the third quarter of 2026, compared to 1.04% and 10.81%, respectively, for the same period in 2025.

Total deposits increased $108.3 million, or 4%, from Dec. 31. Noninterest-bearing deposits were $1.06 billion as of Sept. 30, representing 35.4% of total deposits. Gross loans decreased $118.3 million, or 5%, to $2.43 billion. 

The bank’s total assets were $3.68 billion as of Sept. 30.