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.
Red River Bancshares, Inc. (Nasdaq: RRBI) announces the retirement of founding director John C. Simpson from its Board of Directors at the upcoming 2022 annual shareholder meeting. Michael D. Crowell has been appointed as an independent director to replace him. CEO Blake Chatelain hailed Simpson's significant contributions to the company, while expressing confidence in Crowell's leadership experience in the forestry industry, predicting a positive impact on the board.
Red River Bancshares, Inc. (Nasdaq: RRBI) has declared a quarterly cash dividend of $0.07 per share, effective March 24, 2022. This dividend will be paid to shareholders who own shares by the close of business on March 14, 2022. Established in 1999, Red River Bank provides a comprehensive range of banking services across 27 centers in Louisiana, catering to both commercial and retail clients.
Red River Bancshares, Inc. (Nasdaq: RRBI) announced the renewal of its stock repurchase program, allowing up to $5 million in share buybacks from February 4, 2022 to December 31, 2022. The repurchases will occur in open markets or via private negotiations. CEO Blake Chatelain expressed confidence in the company’s financial condition, highlighting the plan as a tool for enhancing long-term shareholder value.
Red River Bancshares, founded in 1999, operates a network of 27 banking centers across Louisiana, serving both commercial and retail clients.
Red River Bancshares (Nasdaq: RRBI) reported a strong performance for Q4 2021, with a net income of $8.5 million, or $1.17 EPS, a 4.6% rise from Q3 and a 17.2% increase year-over-year. Total assets reached $3.22 billion, driven by a $205.8 million increase in deposits. Non-PPP loans grew by 5.7%, reaching $1.67 billion. The company completed a stock repurchase program of $4.9 million. Despite a decrease in net interest margin due to high liquidity and low rates, the outlook remains positive for 2022.
Red River Bank has launched its 27th banking center in Louisiana, located at 1911 West Pinhook Road, Lafayette, as of January 26, 2022. This marks the bank's first presence in Acadiana. Acadiana Market President Ben Smith has led the expansion since 2020, when the bank opened a loan and deposit production office. The new full-service center offers a range of services including mortgage lending and commercial banking, enhancing accessibility for local customers. A grand opening event is planned for spring 2022.
Red River Bancshares, Inc. (Nasdaq: RRBI) mourns the loss of Barry D. Hines, a foundational director who passed away on December 26, 2021. Hines was instrumental in the bank's development since its inception in 1999 and provided invaluable insights, particularly in public finance and healthcare. His absence will be felt deeply within the organization, according to President and CEO Blake Chatelain. The company extends its sympathies to Hines' family and friends during this difficult time.
Red River Bank has officially expanded into the New Orleans market with the opening of a loan and deposit production office on December 6, 2021, located at 1100 Poydras Street. The bank's president, Blake Chatelain, emphasized their community-focused approach and the expertise of the new market president, Meghan Donelon. The New Orleans team includes commercial relationship managers and additional staff to better serve the area. Established in 1999, Red River Bank operates multiple locations across Louisiana and is a subsidiary of Red River Bancshares, trading on Nasdaq under the symbol RRBI.
Red River Bancshares, Inc. (Nasdaq: RRBI) has announced a quarterly cash dividend of $0.07 per share, declared on November 18, 2021. This dividend will be payable on December 16, 2021, to shareholders on record as of December 6, 2021. The company, which operates Red River Bank across various Louisiana markets, offers a full suite of banking services to commercial and retail customers. Established in 1999, Red River Bank has built a network of 26 banking centers throughout the state.
Red River Bank inaugurated its new full-service banking center on November 4, 2021, located at 1855 Country Club Road in Lake Charles, Louisiana. This facility, which opened on July 6, 2021, marks the bank's third center in Southwest Louisiana and its 26th in the state. The ceremony was attended by key officials, including President and CEO Blake Chatelain and Mayor Nic Hunter. Chatelain emphasized the convenience offered to local customers, while Swift from the Economic Development Alliance highlighted the bank's positive impact on the region. Red River Bank is a subsidiary of Red River Bancshares, trading as RRBI.
Red River Bancshares, Inc. (Nasdaq: RRBI) reported third quarter net income of $8.1 million, or $1.12 EPS, a slight decrease from the prior quarter but an increase of 11.7% year-over-year. Total assets increased by $142.3 million to $3.02 billion, primarily driven by a $135 million rise in deposits. The net interest margin increased to 2.60%. The company completed a $3 million stock repurchase program, renewing it for $5 million through August 2022. Nonperforming assets decreased to 0.08% of total assets, reflecting improved asset quality.