BSRRSIERRA BANCORP
State Commercial Banks
- Revenue
- —
- Operating margin
- —
- EBITDA
- —
- Market cap
- $543M
- Employees
- —
- Net debt / EBITDA
- —
- −$138M net debt
- AI in 10-K
- 1.7
- mentions per 10K words
Takeover score 4 of 13
Fixable underperformance 3 of 7
- TSR below peersYes3 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$1M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashYes80% of net incomeCash flow under 80% of net income
- Dilutive SBCNo—Over 10% of revenue
- Payouts exceed cash flowYes135% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo1% of assetsOver 40% of assets
- Shareholder dissentNo94% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo1.7 per 10K words · 49th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$543M market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$3M netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Net income | $43M | $34M | $35M | $41M | $42M | 4.4% |
| Operating cash flow | $53M | $34M | $53M | $57M | $34M | 41% |
| Capex | $371K | $1M | $1M | $1M | $2M | 33% |
| Stock-based comp | $995K | $1M | $2M | $2M | $2M | 13% |
| Buybacks | $5M | $5M | $9M | $16M | $32M | 101% |
| Dividends | $13M | $14M | $14M | $14M | $14M | 0.7% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $12K · 1
- Open-market sells, 12 mo
- $3M · 23
- Net
- −$3M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $2M | $2M | 166 | 160 |
| FY2024 | $1M | $2M | 142 | 146 |
| FY2023 | $2M | $2M | 107 | 123 |
| FY2022 | $1M | $1M | 96 | 123 |
| FY2021 | $1M | $1M | 178 | 139 |