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. reports developments for a Louisiana bank holding company whose subsidiary, Red River Bank, provides commercial and retail banking products and services. Recurring updates cover unaudited quarterly results, net interest income and margin, loan and deposit activity, asset quality, and the performance of a diversified loan portfolio serving businesses, professionals, individuals, and public entities.
Company news also includes capital-management actions such as quarterly cash dividends, stock repurchase programs and private repurchases, along with organic expansion of banking centers and production offices in Louisiana markets including Alexandria, Shreveport-Bossier City, Baton Rouge, Lake Charles, Covington, Lafayette, and New Orleans.
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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.