Sierra Bancorp Announces 4% Increase in Quarterly Cash Dividend
2024年7月19日 - 9:01PM
ビジネスワイヤ(英語)
Sierra Bancorp (Nasdaq: BSRR), parent of Bank of the Sierra,
announced that its Board of Directors has declared a regular
quarterly cash dividend of $0.24 per share. This represents an
increase of $0.01 per share, or 4%, relative to the dividend paid
last quarter. The dividend was approved subsequent to the Board’s
review of the Company’s financial performance and capital for the
quarter ended June 30, 2024, and will be paid on August 15, 2024,
to shareholders of record as of July 31, 2024. Counting dividends
paid by Bank of the Sierra prior to the formation of Sierra Bancorp
the Company has paid regular cash dividends to shareholders every
year since 1987, comprised of annual dividends through 1998 and
quarterly dividends thereafter. The dividend noted in today’s
announcement marks the Company’s 102nd consecutive quarterly cash
dividend.
Sierra Bancorp is the holding Company for Bank of the Sierra
(www.bankofthesierra.com), which is in its 47th year of operations
and is the largest independent bank headquartered in the South San
Joaquin Valley. Bank of the Sierra is a community-centric regional
bank, which offers a broad range of retail and commercial banking
services through full-service branches located within the counties
of Tulare, Kern, Kings, Fresno, Ventura, San Luis Obispo, and Santa
Barbara. The Bank also maintains an online branch and provides
specialized lending services through an agricultural credit center
in Templeton, California, and a dedicated loan production office in
Roseville, California. In 2024, Bank of the Sierra was recognized
as one of the strongest and top-performing community banks in the
country, with a 5-star rating from Bauer Financial.
Forward-Looking
Statements
The statements contained in this release that are not historical
facts are forward-looking statements based on management's current
expectations and beliefs concerning future developments and their
potential effects on the Company. Readers are cautioned not to
unduly rely on forward-looking statements. Actual results may
differ from those projected. These forward-looking statements
involve risks and uncertainties including but not limited to the
health of the national and local economies including the impact to
the Company and its customers resulting from changes to, and the
level of, inflation and interest rates; changes in laws, rules,
regulations, or interpretations to which the Company is subject;
the Company’s ability to maintain and grow its deposit base; loan
demand and continued portfolio performance, the Company's ability
to attract and retain skilled employees, customers' service
expectations; cyber security risks: the Company's ability to
successfully deploy new technology, the success of acquisitions and
branch expansion; operational risks including the ability to detect
and prevent errors and fraud; the effectiveness of the Company’s
enterprise risk management framework; the impact of adverse
developments at other banks, including bank failures, that impact
general sentiment regarding the stability and liquidity of banks
that could affect stock price; changes to valuations of the
Company’s assets and liabilities including the allowance for credit
losses, earning assets, and intangible assets; changes to the
availability of liquidity sources including borrowing lines and the
ability to pledge or sell certain assets; costs related to
litigation; the effects of severe weather events, pandemics, other
public health crises, acts of war or terrorism, and other external
events on our business; and other factors detailed in the Company's
SEC filings, including the "Risk Factors" and "Management's
Discussion and Analysis of Financial Condition and Results of
Operations" sections of the Company's most recent Form 10‑K and
Form 10‑Q.
Category: Financial Source: Sierra Bancorp
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version on businesswire.com: https://www.businesswire.com/news/home/20240719239926/en/
Kevin McPhaill, President/Chief Executive Officer Phone: (559)
782-4900 or (888) 454-BANK Website Address:
www.sierrabancorp.com
Sierra Bancorp (NASDAQ:BSRR)
過去 株価チャート
から 8 2024 まで 9 2024
Sierra Bancorp (NASDAQ:BSRR)
過去 株価チャート
から 9 2023 まで 9 2024