Sierra Bancorp Reports First Quarter 2024 Results
Our net interest margin was 3.62% for the first quarter of 2024, as compared to 3.31% for the linked quarter and 3.47% for the quarter ending March 31, 2023.
- Our net interest margin was 3.62% for the first quarter of 2024, as compared to 3.31% for the linked quarter and 3.47% for the quarter ending March 31, 2023.
- Noninterest income increased by $0.5 million, or 7%, to $8.6 million in the first quarter of 2024 as compared to the linked quarter.
- Salaries and benefits were $0.2 million lower in the first quarter of 2024 as compared to the fourth quarter of 2023 and $0.4 million higher than the first quarter of 2023.
- Other noninterest expense increased $0.5 million, or 6%, in the first quarter of 2024 as compared to both the fourth quarter of 2023 and the first quarter of 2023.