Sierra Bancorp shares rise 1.05% premarket after reporting improved financial results for the second quarter.

Sierra Bancorp rose 1.05% in premarket trading, with the company reporting improved financial results for the second quarter. The bank reported net income of $10.6 million, or 78 cents per share, surpassing Wall Street expectations of 74 cents per share. The company also posted revenue of $51.3 million, with revenue net of interest expense at $39.2 million, both beating Street forecasts.