PORTERVILLE, Calif. (AP) — PORTERVILLE, Calif. (AP) — Sierra Bancorp (BSRR) on Monday reported third-quarter profit of $10.6 million.
The bank, based in Porterville, California, said it had earnings of 74 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.
The parent company of Bank of the Sierra posted revenue of $52.6 million in the period. Its revenue net of interest expense was $38.6 million, which also topped Street forecasts.
Sierra Bancorp shares have climbed 32% since the beginning of the year. The stock has risen 61% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BSRR at https://www.zacks.com/ap/BSRR
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
