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Sierra Bancorp: 3Q Earnings Snapshot

Sierra Bancorp: 3Q Earnings Snapshot

Associated Press

PORTERVILLE, Calif. (AP) _ Sierra Bancorp (BSRR) on Monday reported third-quarter net income of $7.1 million.

The Porterville, California-based bank said it had earnings of 46 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.

The parent company of Bank of the Sierra posted revenue of $32 million in the period. Its revenue net of interest expense was $29.5 million, which beat Street forecasts. Three analysts surveyed by Zacks expected $28.8 million.

Sierra Bancorp shares have risen 1.5 percent since the beginning of the year. The stock has dropped 2.5 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BSRR at https://www.zacks.com/ap/BSRR