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 (Nasdaq: RRBI) reported a record net income of $8.2 million for Q2 2021, up 2.2% from Q1 2021 and 20.2% from Q2 2020. Earnings per share (EPS) rose to $1.13. Total assets increased by $57.8 million to $2.88 billion, driven by a $54.3 million rise in deposits. The net interest margin decreased to 2.54%, affected by lower PPP income and a high volume of low-yielding assets. The bank continued to focus on digital enhancements, appointing Tammi Salazar as COO and opening a new banking center in Lake Charles, Louisiana.
Red River Bank expanded its presence in Louisiana by opening a new full-service banking center in Lake Charles on July 6, 2021, marking its third location in the Southwest Louisiana market and 26th statewide. This strategic initiative, led by Market President Barry Brown, aims to enhance customer convenience and service quality. The new center, located at 1855 Country Club Road, is expected to feature advanced banking technology and a knowledgeable team. A grand opening event is scheduled for August, following the acquisition of the property in December 2020.
Red River Bank has appointed Jason Blalock as vice president and private banking relationship manager for the Acadiana market. With extensive banking experience, his role aims to enhance customer service and banking solutions.
Blalock will work alongside Ben Smith, market president, as they prepare to open a new full-service banking center at 1911 Pinhook Road, Lafayette, Louisiana, in the coming months. This expansion supports Red River Bank's commitment to personalized banking for its customers.
Red River Bancshares, Inc. (Nasdaq: RRBI) announced a quarterly cash dividend of $0.07 per common share, declared on May 27, 2021. This dividend is payable on June 24, 2021 to shareholders on record as of June 14, 2021. The company operates Red River Bank, a Louisiana-chartered bank since 1999, providing a range of banking services through 25 branches across various Louisiana markets, including Alexandria, Shreveport-Bossier City, Baton Rouge, and Lake Charles.
Red River Bancshares (Nasdaq: RRBI) achieved record net income of $8.1 million or $1.10 EPS for Q1 2021, marking a 19.6% increase year-over-year. The growth was attributed to a lower provision for loan losses and a 7.5% increase in deposits, driven by government stimulus. The net interest margin decreased to 2.76% due to lower PPP loan income. The company also raised its quarterly dividend to $0.07 per share and repurchased shares totaling $1 million. Total assets reached $2.82 billion.
Red River Bank has announced key organizational changes for the Northwest Louisiana market, including the appointment of Bridges Hall as senior vice president and credit policy officer, and the hiring of Jennifer Elliott as northwest market president. Hall has been with the bank since 2006, previously serving as the northwest market president. Elliott brings over 20 years of banking experience, having served as a market president at another banking institution. These changes aim to enhance customer service and operational expertise in the region.
Red River Bancshares (Nasdaq: RRBI) announces a leadership transition effective February 25, 2021. John C. Simpson steps down as Chairman but will remain on the board as Chairman Emeritus. Teddy R. Price, also a founding director, is appointed as the new Chairman. Additionally, Anna Brasher Moreau, DDS, MS, joins as an independent director. CEO Blake Chatelain expressed gratitude for Simpson's contributions and welcomed Price, highlighting his extensive experience. He praised Dr. Moreau's community ties and leadership skills, expecting her to significantly enhance the board's value.
Red River Bancshares, Inc. (Nasdaq: RRBI) declared a quarterly cash dividend of $0.07 per common share on February 25, 2021. This cash dividend is payable on March 25, 2021, to shareholders of record as of March 15, 2021. CEO Blake Chatelain expressed satisfaction with this increase, highlighting the company's commitment to returning value to shareholders. Red River Bancshares operates a network of 25 banking centers across Louisiana, offering a full suite of banking services tailored to both commercial and retail customers.
Red River Bancshares reported a net income of $7.3 million or $0.99 EPS for Q4 2020, unchanged from Q3 2020, but up 7.7% from Q4 2019. For the full year, net income was $28.1 million or $3.83 EPS, a 13.4% increase year-over-year. Total assets rose to $2.64 billion, with a substantial increase in deposits of $146.4 million during Q4. The return on assets stood at 1.13% for the quarter and 1.22% for the year. Nonperforming assets decreased to $4.2 million, or 0.16% of total assets.
Red River Bancshares, Inc. (Nasdaq: RRBI) announced the passing of F. William Hackmeyer, Jr., a founding director, on January 3, 2021. Mr. Hackmeyer was recognized for his extensive experience in commercial real estate and his invaluable contributions to the board. President and CEO Blake Chatelain expressed deep sadness at the loss, highlighting Mr. Hackmeyer's commitment and guidance to the company. Red River Bancshares operates 25 banking centers across Louisiana, offering tailored banking products and services.