Sierra Bancorp

Sierra Bancorp is a California corporation, and is a registered bank holding company under federal banking laws. It was formed to serve as the holding company for Bank of the Sierra (the “Bank”), and has been the Bank’s sole shareholder since August 2001. At the present time, Sierra Bancorp’s only other subsidiaries are Sierra Statutory Trust II and Sierra Capital Trust III, which were formed in March 2004 and June 2006, respectively, solely to facilitate the issuance of trust-preferred securities. The Bank is a California state-chartered bank headquartered in Porterville, California, which opened for business in January 1978 and has become the largest independent bank headquartered in the South San Joaquin Valley. The Bank offers a full range of retail and commercial banking services primarily to communities in Tulare, Kern, Fresno, and Kings Counties, and, in Southern California, the rich agricultural corridor stretching from Santa Paula to Santa Clarita. It currently operates 28 full service branches and an internet branch, and has specialized lending units which include a real estate industries center, an agricultural credit center, and an SBA lending unit. The Bank’s growth has primarily been organic, but includes two acquisitions: Sierra National Bank in 2000, and Santa Clara Valley Bank in 2014. 

Type
Public
HQ
Porterville, US
Founded
1977
Size (employees)
352 (est)
Sierra Bancorp was founded in 1977 and is headquartered in Porterville, US

Sierra Bancorp Office Locations

Sierra Bancorp has an office in Porterville
Porterville, US (HQ)
86 N Main St

Sierra Bancorp Metrics

Sierra Bancorp Financial Metrics

Revenue (2016)

$87.7 m

Revenue growth (2015-16), %

40%

Gross profit

$84.4 m

Gross profit margin (2016), %

96%

Net income (2016)

$17.6 m

Market capitalization (28-Apr-2017)

$346.2 m

Closing share price (28-Apr-2017)

$26.3

Cash (31-Dec-2016)

$120.4 m
Sierra Bancorp's current market capitalization is $346.2 m.
Sierra Bancorp's revenue was reported to be $87.7 m in 2016
FY, 2013FY, 2014FY, 2015Y, 2016

Revenue

$68.8 m$71 m$62.7 m$87.7 m

Revenue growth, %

3%(12%)40%

Cost of goods sold

$3.2 m$2.8 m$2.6 m$3.3 m

Gross profit

$65.6 m$68.2 m$60.1 m$84.4 m

Gross profit Margin, %

95%96%96%96%

Operating expense total

$44.8 m$46.4 m$50.7 m$58.1 m

EBIT

$44.2 m$52 m$60.1 m$65.2 m

EBIT margin, %

64%73%96%74%

Interest expense

$3.2 m$2.8 m

Interest income

$48.6 m$52.3 m$60.1 m$65.2 m

Pre tax profit

$16.5 m$21.4 m$27.1 m$26.4 m

Income tax expense

$3.1 m$6.2 m$9.1 m$8.8 m

Net Income

$13.4 m$15.2 m$18.1 m$17.6 m
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$78 m$50.1 m$48.6 m$120.4 m

Accounts Receivable

Inventories

PP&E

$20.4 m$21.9 m$22 m$28.9 m

Goodwill

$5.5 m$6.9 m$6.9 m$8.3 m

Total Assets

$1.4 b$1.6 b$1.8 b$2 b

Accounts Payable

Total Debt

$36.9 m$32.9 m

Additional Paid-in Capital

$2.6 m$2.6 m$2.7 m$2.8 m

Retained Earnings

$112.8 m$116 m$122.7 m$132.2 m

Total Equity

$181.7 m$187.1 m$190.3 m$205.9 m

Debt to Equity Ratio

0.2 x0.2 x

Debt to Assets Ratio

0 x0 x

Financial Leverage

7.8 x8.8 x9.4 x9.9 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$13.4 m$15.2 m$18.1 m$17.6 m

Depreciation and Amortization

$2.1 m$2.1 m$2.3 m$2.6 m

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

$34.5 m$28.5 m$29.8 m$17.5 m

Purchases of PP&E

($160.3 m)($150.5 m)($136.5 m)($138.7 m)

Cash From Investing Activities

$20.6 m($144.7 m)($171.1 m)($23.3 m)

Dividends Paid

($3.7 m)($4.8 m)($5.7 m)($6.5 m)

Cash From Financing Activities

($39 m)$88.3 m$139.8 m$77.6 m

Interest Paid

$3.3 m$2.8 m$2 m$3.4 m

Income Taxes Paid

$1.8 m$6.4 m$4.9 m

Sierra Bancorp Market Value History

Sierra Bancorp Online Presence

Sierra Bancorp Company Life

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