Advertisement
Canada markets closed

  • S&P/TSX

    21,969.24
    +83.86 (+0.38%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CAD/USD

    0.7316
    -0.0007 (-0.10%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • Bitcoin CAD

    86,977.06
    +895.41 (+1.04%)
     

  • CMC Crypto 200

    1,387.78
    -8.76 (-0.63%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • RUSSELL 2000

    2,002.00
    +20.88 (+1.05%)
     

  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     

  • NASDAQ

    15,927.90
    +316.14 (+2.03%)
     

  • VOLATILITY

    15.03
    -0.34 (-2.21%)
     

  • FTSE

    8,139.83
    +60.97 (+0.75%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6838
    +0.0017 (+0.25%)
     

Sierra Bancorp (BSRR) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Equity Research
·2 min read

For the quarter ended December 2023, Sierra Bancorp (BSRR) reported revenue of $35.92 million, down 3% over the same period last year. EPS came in at $0.43, compared to $0.47 in the year-ago quarter.

The reported revenue represents a surprise of +2.18% over the Zacks Consensus Estimate of $35.15 million. With the consensus EPS estimate being $0.70, the EPS surprise was -38.57%.

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.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

ADVERTISEMENT

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:

  • Net Interest Margin [%]: 3.3% compared to the 3.3% average estimate based on three analysts.

  • Efficiency ratio: 67.1% versus the three-analyst average estimate of 63%.

  • Total Non-performing loans: $7.99 million versus $1.79 million estimated by two analysts on average.

  • Net Charge-Offs (% of Average Loans): 0.2% compared to the 0.1% average estimate based on two analysts.

  • Average Interest-Earning Assets: $3.42 billion versus the two-analyst average estimate of $3.47 billion.

  • Total Nonperforming Assets: $7.99 million compared to the $1.64 million average estimate based on two analysts.

  • Total non-interest revenue: $8.05 million compared to the $7.71 million average estimate based on three analysts.

  • Net Interest Income: $27.87 million compared to the $27.80 million average estimate based on three analysts.

View all Key Company Metrics for Sierra Bancorp here>>>

Shares of Sierra Bancorp have returned -2.9% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Sierra Bancorp (BSRR) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research