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, Inc. (Nasdaq: RRBI) announced a cash dividend of $0.08 per share, representing a 14% increase from the previous quarter's dividend of $0.07. This decision was confirmed by the board of directors on February 23, 2023, with the dividend payable on March 23, 2023, to shareholders of record by March 13, 2023. CEO Blake Chatelain expressed confidence in the company’s performance and outlook, stating the increase reflects a strong earnings confidence.
Red River Bancshares, Inc. (Nasdaq: RRBI) reported consistent financial results for Q4 and the year ended 2022, with net income of $10.2 million ($1.42 EPS) for Q4, a 19.8% increase from $8.5 million ($1.17 EPS) in Q4 2021. For the full year, net income was $36.9 million ($5.13 EPS), up 12% from 2021. Key metrics include a Q4 return on assets of 1.33% and return on equity of 16.34%. The bank maintained strong liquidity with total assets of $3.08 billion and renewed its stock repurchase program for 2023, authorizing up to $5 million. However, higher provisions for loan losses were noted due to economic challenges.
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