Welcome to our dedicated page for Red River Bancshares news (Ticker: RRBI), a resource for investors and traders seeking the latest updates and insights on Red River Bancshares stock.
Red River Bancshares (RRBI) provides investors and stakeholders with timely updates through this centralized news hub. As the holding company for Louisiana-based Red River Bank, RRBI delivers community-focused financial services while maintaining robust corporate disclosures.
This page aggregates all official press releases, earnings reports, and strategic announcements. Users will find updates on quarterly earnings, regulatory filings, leadership changes, and market expansions. The curated collection serves as a reliable resource for tracking the company's financial position and operational developments.
Bookmark this page to monitor RRBI's performance in key areas including commercial lending growth, deposit portfolio management, and Louisiana market initiatives. All content is sourced directly from corporate communications to ensure accuracy and compliance with financial reporting standards.
Red River Bancshares reported strong Q1 2025 financial results with net income of $10.4 million, or $1.52 per share, marking an 11.2% increase from Q4 2024 and 26.4% from Q1 2024. The bank achieved a return on assets of 1.32% and return on equity of 12.85%.
Key highlights include:
- Net interest income rose to $24.6 million, up 3.9% from previous quarter
- Net interest margin increased 13 basis points to 3.22%
- Total assets reached $3.19 billion, up 1.2%
- Deposits grew to $2.83 billion, a 0.7% increase
- Loans held for investment increased to $2.11 billion, up 1.9%
The bank increased its quarterly dividend by 33.3% to $0.12 per share and completed significant digital banking system upgrades. S&P Global ranked Red River Bank 14th among top 50 best deposit franchises for banks with $3-10 billion in assets.
Red River Bancshares (Nasdaq: RRBI) announced a significant increase in its quarterly cash dividend, raising it by 33% from $0.09 to $0.12 per share of common stock. The dividend will be paid on March 20, 2025, to shareholders of record as of March 10, 2025.
The company's board of directors approved this dividend increase on February 27, 2025, demonstrating their commitment to returning capital to shareholders while maintaining strong capital ratios.
Red River Bancshares (RRBI) reported Q4 2024 net income of $9.3 million, or $1.37 per diluted share, up 6.3% from Q3 2024 and 12.2% from Q4 2023. The quarterly return on assets was 1.18% and return on equity was 11.46%.
Key Q4 2024 highlights include: net interest margin improvement to 3.09%, assets reaching $3.15 billion (up 1.5% from Q3), deposits increasing to $2.81 billion (up 2.1%), and loans held for investment at $2.08 billion. The company maintained strong asset quality with nonperforming assets at 0.10% of total assets.
The company completed significant stock repurchases in 2024, buying back 327,085 shares, which benefited earnings per share by $0.14. Capital levels remained strong with a stockholders' equity to assets ratio of 10.15%. The board approved a new $5.0 million stock repurchase program for 2025.
Red River Bancshares (Nasdaq: RRBI) has announced the renewal of its stock repurchase program, authorizing the repurchase of up to $5.0 million of its outstanding common stock. The program will run from January 1, 2025 through December 31, 2025, replacing the current program expiring December 31, 2024. The company plans to execute repurchases through open market transactions at prevailing prices or through privately negotiated deals, demonstrating its commitment to returning excess capital to shareholders.
Red River Bancshares (Nasdaq: RRBI) has announced a private stock repurchase agreement with two shareholders on November 5, 2024. The company will repurchase 50,000 shares of its common stock for $2.5 million. The purchase price represents a discount compared to the 10-, 20-, and 30-day volume weighted average price as of November 1, 2024. The company's CEO stated this move demonstrates their commitment to increasing shareholder value.
Red River Bancshares reported Q3 2024 net income of $8.8 million ($1.27 EPS), up 9.6% from Q2 2024 and 9.1% from Q3 2023. The company achieved a return on assets of 1.13% and return on equity of 11.11%. Net interest income increased to $22.5 million, with net interest margin improving to 2.98%. Total assets reached $3.10 billion with deposits of $2.75 billion. The company maintained strong asset quality with nonperforming assets at 0.10% of total assets and completed a significant stock repurchase of 60,000 shares at $3.0 million. The allowance for credit losses stood at 1.06% of loans held for investment.
Red River Bancshares (Nasdaq: RRBI) has declared a quarterly cash dividend of $0.09 per share of common stock. The dividend will be paid on December 19, 2024, to shareholders of record as of the close of business on December 9, 2024. This announcement was made following the board of directors' meeting on October 24, 2024.
Red River Bancshares, Inc. (Nasdaq: RRBI) has announced a private stock repurchase agreement and an amendment to its existing repurchase program. The company will repurchase 60,000 shares of its common stock from two shareholders in a privately-negotiated transaction for $3.0 million. This purchase price represents a discount to the 10-, 20-, and 30-day volume weighted average price as of July 31, 2024.
As a result of this transaction, Red River Bancshares has reduced the availability under its previously announced 2024 $5.0 million repurchase program by $3.0 million. Following the closure of this deal, the company will have approximately $1.2 million of remaining capacity under the Repurchase Program.
Red River Bancshares, holding company for Red River Bank, reported Q2 2024 net income of $8.0 million, or $1.16 EPS, a 2.5% decrease from Q1 and a 10.9% decrease YoY. Net interest income grew 2.0% QoQ to $21.8 million, driven by improved loan yields. Deposits fell 1.1% to $2.72 billion due to seasonal outflows. Loans HFI slightly increased to $2.05 billion.
Operating expenses rose 5.1% QoQ to $16.7 million. Noninterest income grew 3.4% QoQ to $5.1 million, boosted by mortgage and SBIC income. NPAs increased by 26.8% to $3.2 million. The company repurchased 16,220 shares for $764,000, with $4.2 million remaining in the buyback program.
Capital levels remained strong with a stockholders' equity to assets ratio of 10.07%. A new banking center opened in New Orleans, contributing to the company’s expansion plan. The firm was ranked 9th by Bank Director Magazine among top-performing financial institutions with assets under $5 billion.
Red River Bancshares, Inc. (Nasdaq: RRBI) has announced a quarterly cash dividend of $0.09 per share of common stock. The dividend was declared by the company's board of directors on July 25, 2024. Shareholders of record as of the close of business on September 9, 2024, will be eligible to receive the dividend, which is scheduled for payment on September 19, 2024. This announcement demonstrates Red River Bancshares' commitment to providing regular returns to its shareholders, potentially indicating financial stability and confidence in the company's performance.
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