💨 Abstract

Sierra Bancorp reported a second-quarter net income of $10.6 million, or 78 cents per share, exceeding Wall Street's expectations of 74 cents per share. The Porterville, California-based company also posted revenue of $51.3 million and net revenue of $39.2 million, both surpassing forecasts. Its shares have risen 5.5% this year and nearly 3% over the past 12 months.

Courtesy: WTOP Staff