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Red River Bancshares, Inc. Announces Increased Quarterly Cash Dividend
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
ALEXANDRIA, La., Feb. 23, 2023 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (Nasdaq: RRBI) (the “Company”) announced today that on February 23, 2023, its board of directors declared a cash dividend of $0.08 per share of common stock, representing a 1 cent, or 14%, increase from the quarterly cash dividend of $0.07 per share declared on November 17, 2022. The cash dividend is payable on March 23, 2023, to shareholders of record as of the close of business on March 13, 2023. Blake Chatelain, President and Chief Executive Officer of the Company, stated, “We are pleased to increase our dividend to eight cents this quarter. Our dividend increase reflects our confidence in the Company’s earnings and favorable outlook.”
About Red River Bancshares, Inc. The Company is the bank holding company for Red River Bank, a Louisiana state-chartered bank established in 1999 that provides a fully integrated suite of banking products and services tailored to the needs of commercial and retail customers. Red River Bank operates from a network of 28 banking centers throughout Louisiana and one combined loan and deposit production office in New Orleans, Louisiana. Banking centers are located in the following Louisiana markets: Central, which includes the Alexandria metropolitan statistical area (“MSA”); Northwest, which includes the Shreveport-Bossier City MSA; Capital, which includes the Baton Rouge MSA; Southwest, which includes the Lake Charles MSA; the Northshore, which includes Covington; Acadiana, which includes the Lafayette MSA; and New Orleans.
Contact: Julia E. Callis Senior Vice President, General Counsel & Corporate Secretary 318-561-4042 julia.callis@redriverbank.net
red river bank is a louisiana community bank founded in 1999 offering financial services for personal, commercial and small business needs. we offer solutions to meet our customers’ needs and expectations—on multiple levels. when that regular, face-to-face transaction in our banking centers is needed, we’re conveniently located and accessible. when it’s a more complex situation where that extra special attention is needed, our dedicated team is here to provide guidance and advice, when and where you need us. whether you need cash management tools for your company, or 24/7 access to your personal accounts, we can make that happen. from person-to-person banking to real estate or construction loans, we’ve got the tools our customers want and need.
