Item 8.01 Other Events.

On April 20, 2023, the Board of Directors of Sierra Bancorp (the "Company") approved a cash dividend to shareholders. The quarterly cash dividend of twenty-three cents ($0.23) per share of common stock will be payable on May 12, 2023, to shareholders of record at the close of business on May 1, 2023.

The press release issued by the Company in connection with the dividend is included as Exhibit 99.1 to this Current Report on Form 8-K and incorporated into this Item 8.01 by reference.

ITEM 9.01FINANCIAL STATEMENTS AND EXHIBITS

(d)Exhibits. The information required to be furnished pursuant to this item is set forth in the Exhibit Index which appears below, immediately before the signatures.

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