Sierra Bancorp (Nasdaq: BSRR) announced on October 23, 2026, that its Board of Directors has approved a new share repurchase program. The company is authorized to repurchase up to 1,000,000 shares of its outstanding common stock. The new program will commence after the expiration of the current share repurchase program on October 31, 2026, and will continue until October 31, 2027.
Under the current program, which expires on October 31, 2026, 381,532 shares remain available for repurchase. The company stated that the timing and number of shares repurchased will depend on factors such as price, trading volume, corporate and regulatory requirements, and market conditions. The board has authorized management to enter into a 10b5-1 Plan with a nationally recognized broker-dealer to facilitate these repurchases.
In addition to the share repurchase authorization, Sierra Bancorp declared a regular quarterly cash dividend of $0.27 per share. The dividend was approved following the Board’s review of the company’s financial performance and capital for the quarter ended September 30, 2026. The dividend is payable on November 9, 2026, to shareholders of record as of the close of business on November 2, 2026.
This dividend marks the company’s 111th consecutive quarterly cash dividend. Sierra Bancorp is the holding company for Bank of the Sierra, which operates 34 full-service branches across several counties in California and offers a range of retail and commercial banking services.
