Sierra Bancorp Declares Quarterly Cash Dividend

Rhea-AI Summary

Sierra Bancorp (NASDAQ: BSRR) has declared a quarterly cash dividend of $0.23 per share, reflecting the company’s solid financial performance for the quarter ending December 31, 2022. This dividend will be paid on February 13, 2023, to shareholders on record as of January 31, 2023. Notably, this marks the company’s 96th consecutive quarterly dividend, further solidifying its commitment to returning value to shareholders. The Bank of the Sierra has a long history of consistent dividend payments, having paid regular dividends since 1987.

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• Declared a $0.23 quarterly cash dividend, ensuring continued shareholder returns.
• Marks the 96th consecutive quarterly dividend, demonstrating financial stability and commitment to dividends.

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• None.

PORTERVILLE, Calif.--(BUSINESS WIRE)-- Sierra Bancorp (Nasdaq: BSRR), parent of Bank of the Sierra, announced that its Board of Directors has declared a regular quarterly cash dividend of $0.23 per share. The dividend was approved subsequent to the Board’s review of the Company’s financial performance and capital for the quarter ended December 31, 2022, and will be paid on February 13, 2023, to shareholders of record as of January 31, 2023. Counting dividends paid by Bank of the Sierra prior to the formation of Sierra Bancorp the Company has paid regular cash dividends to shareholders every year since 1987, comprised of annual dividends through 1998 and quarterly dividends thereafter. The dividend noted in today’s announcement marks the Company’s 96^th consecutive quarterly cash dividend.

Sierra Bancorp is the holding Company for Bank of the Sierra (www.bankofthesierra.com), which is in its 46^th year of operations and is the largest independent bank headquartered in the South San Joaquin Valley. Bank of the Sierra is a community-centric regional bank, which offers a broad range of retail and commercial banking services through full-service branches located within the counties of Tulare, Kern, Kings, Fresno, Ventura, San Luis Obispo, and Santa Barbara. The Bank also maintains an online branch and provides specialized lending services through agricultural credit centers in Templeton, California, an SBA center, and a loan production office in Roseville, California. In 2022, Bank of the Sierra was recognized as one of the strongest and top-performing community banks in the country, with a 5-star rating from Bauer Financial.

Forward-Looking Statements

The statements contained in this release that are not historical facts are forward-looking statements based on management's current expectations and beliefs concerning future developments and their potential effects on the Company. Readers are cautioned not to unduly rely on forward looking statements. Actual results may differ from those projected. These forward-looking statements involve risks and uncertainties including, but not limited to, the health of the national and local economies, loan portfolio performance, the Company's ability to attract and retain skilled employees, customers' service expectations, the Company's ability to successfully deploy new technology, the success of acquisitions and branch expansion, changes in interest rates, and other factors detailed in the Company's SEC filings, including the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's most recent Form 10‑K and Form 10‑Q.

Category: Financial

Source: Sierra Bancorp

View source version on businesswire.com: https://www.businesswire.com/news/home/20230120005051/en/

Kevin McPhaill, President/Chief Executive Officer

(559) 782-4900 or (888) 454-BANK

www.sierrabancorp.com

Source: Sierra Bancorp

FAQ

What is the latest dividend amount declared by Sierra Bancorp (BSRR)?

Sierra Bancorp has declared a quarterly cash dividend of $0.23 per share.

When will the dividend be paid to shareholders of Sierra Bancorp?

The dividend will be paid on February 13, 2023.

What is the record date for the latest dividend from Sierra Bancorp?

The record date is January 31, 2023.

How many consecutive quarterly dividends has Sierra Bancorp paid?

Sierra Bancorp has paid 96 consecutive quarterly dividends.

Since when has Sierra Bancorp been paying regular dividends?

Sierra Bancorp has been paying regular cash dividends since 1987.