SIERRA BANCORP — Form 8-K

Sierra Bancorp reported Q2 2026 net income of $9.9 million ($0.77 diluted EPS) versus $10.6 million ($0.78 EPS) in Q2 2025—a 7% decline. Year-to-date H1 2026 net income improved 14% to $22.4 million ($1.72 EPS) from $19.7 million ($1.43 EPS) in H1 2025. Total deposits increased $54.6 million (2%) to $2.931 billion; noninterest-bearing deposits comprise 35% of total. Tangible book value per share rose to $26.19 (June 30, 2026) from $23.42 (Dec 31, 2025). The company repurchased 396,429 shares in H1 2026 and declared a $0.27/share dividend. A $2.5 million specific reserve on a single agricultural loan drove Q2 credit loss expense to $2.3 million versus $1.2 million in Q2 2025, though year-to-date credit losses declined due to lower net charge-offs.