Sierra Bancorp (BSRR) Reports Q2 Earnings: What Key Metrics Have to Say
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For the quarter ended June 2024, Sierra Bancorp (BSRR) reported revenue of $37.8 million, up 4.1% over the same period last year. EPS came in at $0.71, compared to $0.67 in the year-ago quarter.
The reported revenue represents a surprise of +4.13% over the Zacks Consensus Estimate of $36.3 million. With the consensus EPS estimate being $0.61, the EPS surprise was +16.39%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Sierra Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
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Net Interest Margin: 3.7% versus the three-analyst average estimate of 3.6%.
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Efficiency ratio (tax-equivalent): 59.2% versus 63.3% estimated by three analysts on average.
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Total Non-performing loans: $6.47 million compared to the $12.35 million average estimate based on two analysts.
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Net Charge-Offs (% of Average Loans): 0.1% versus 0.2% estimated by two analysts on average.
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Average Interest-Earning Assets: $3.33 billion versus $3.32 billion estimated by two analysts on average.
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Total Nonperforming Assets: $6.47 million versus the two-analyst average estimate of $12.35 million.
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Total non-interest income: $7.63 million versus $7.04 million estimated by three analysts on average.
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Net Interest Income: $30.17 million compared to the $29.26 million average estimate based on three analysts.
View all Key Company Metrics for Sierra Bancorp here>>>
Shares of Sierra Bancorp have returned +26.8% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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Sierra Bancorp (BSRR) : Free Stock Analysis Report