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, Inc. (NASDAQ: RRBI) is the bank holding company for Red River Bank, a Louisiana state-chartered commercial bank established in 1999. News about RRBI often centers on its financial performance, capital management decisions, and developments in its Louisiana banking network. Because the Company focuses on traditional lending, deposit services, and related banking offerings, its updates provide insight into commercial and retail banking activity across key Louisiana markets.
Investors and observers following RRBI news will find regular announcements of quarterly financial results, where the Company reports net income, earnings per share, returns on assets and equity, net interest income, net interest margin, loan and deposit trends, securities portfolio changes, asset quality metrics, and allowance for credit losses. These releases also discuss noninterest income, operating expenses, and liquidity, giving context on how the bank’s business model is performing in its markets.
Another recurring news theme is capital management. The Company issues press releases on stock repurchase programs, including authorizations, renewals, and privately negotiated stock repurchase agreements, as well as the remaining capacity under repurchase programs. RRBI also announces quarterly cash dividends and dividend increases, highlighting its approach to returning capital to shareholders while referencing capital ratios.
Operational updates appear in RRBI news as well. The Company has reported on opening loan and deposit production offices, construction plans for new or expanded banking centers, upgrades to digital banking systems, and changes to certain product programs. These items illustrate how Red River Bank is expanding and refining its presence in markets such as Alexandria, Shreveport–Bossier City, Baton Rouge, Lake Charles, the Northshore, Acadiana, and New Orleans.
For readers interested in commercial banking activity in Louisiana, the RRBI news feed offers a consolidated view of the Company’s earnings, capital actions, and network developments. Bookmarking this page makes it easier to review new earnings releases, dividend declarations, repurchase announcements, and operational updates as they are reported.
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.
Red River Bancshares (Nasdaq: RRBI) announced a quarterly cash dividend of $0.09 per common share, declared by the board of directors on May 23, 2024.
This dividend is payable on June 20, 2024, to shareholders who are on record as of June 10, 2024.
Red River Bancshares, Inc. (Nasdaq: RRBI) mourns the passing of Director Robert A. Nichols, a key figure in the growth and success of Red River Bank. Nichols, who passed away on May 6, 2024, played a vital role in the bank's expansion into Northwest Louisiana and its subsequent statewide growth. His contributions, business acumen, and unwavering support will be sorely missed by the Red River Bank family.
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