PORTERVILLE, Calif. (AP) — PORTERVILLE, Calif. (AP) — Sierra Bancorp (BSRR) on Monday reported fourth-quarter earnings of $12.9 million.
The bank, based in Porterville, California, said it had earnings of 97 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.
The parent company of Bank of the Sierra posted revenue of $50.6 million in the period. Its revenue net of interest expense was $39.3 million, missing Street forecasts. Three analysts surveyed by Zacks expected $40 million.
For the year, the company reported profit of $42.3 million, or $3.11 per share. Revenue was reported as $155.3 million.
Sierra Bancorp shares have risen slightly more than 8% since the beginning of the year. The stock has risen 17% in the last 12 months.
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