Sierra Bancorp Approves Share Repurchase and Quarterly Dividend

Sierra Bancorp's board approved a new share repurchase program allowing the company to buy up to 1,000,000 shares of common stock between October 31, 2026, and October 31, 2027. The board also declared a regular quarterly cash dividend of $0.27 per share, payable on November 9, 2026, to shareholders of record on November 2, 2026. This approval followed a review of the bank's financial performance and capital for the quarter ended September 30, 2026.

The approval of the dividend and the share buyback program reflects the bank's continued capital return strategy, tying the payout to its recent financial performance and capital levels. Analysts note that the bank's ability to fund loans cheaply and underwrite credit cleanly is key to its performance in the local credit cycle.