Red River Bancshares, Inc. Announces Private Stock Repurchase
Rhea-AI Summary
Red River Bancshares (RRBI) has announced a private stock repurchase agreement with a shareholder to buy back 100,000 shares of its common stock for $5.1 million. The purchase price represents a discount compared to the 10-, 20-, and 30-day volume weighted average price as of May 20, 2025.
This private repurchase is separate from the company's existing $5.0 million repurchase program, which runs through December 31, 2025, and currently has $4.7 million in remaining capacity. The transaction demonstrates the company's commitment to enhancing shareholder value.
Positive
- Private stock repurchase of 100,000 shares at a discounted price
- Purchase price of $5.1 million represents a discount to recent volume weighted average prices
- Additional to existing $5.0 million repurchase program with $4.7 million remaining capacity
- Demonstrates commitment to returning value to shareholders
Negative
- None.
News Market Reaction
On the day this news was published, RRBI gained 0.02%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
ALEXANDRIA, La., May 22, 2025 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (Nasdaq: RRBI) (the “Company”) announced today that, on May 22, 2025, the Company entered into a stock repurchase agreement with a shareholder for the repurchase by the Company of 100,000 shares of its common stock in a privately-negotiated transaction for a purchase price of
The repurchase is supplemental to the Company’s previously announced
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 our 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.
Forward-Looking Statements
This press release may contain forward-looking statements that are based on various facts and derived using numerous assumptions that are subject to known and unknown risks, uncertainties, and other factors that may cause the Company’s actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Forward-looking statements include information about the expected benefits of the repurchase, information concerning the timing, manner, amount, and overall impact of future purchases under the repurchase program, as well as any other statement other than statements of historical fact. Words or phrases such as “may,” “should,” “could,” “predict,” “potential,” “believe,” “will likely result,” “expect,” “continue,” “will,” “anticipate,” “seek,” “estimate,” “intend,” “plan,” “projection,” “would,” and “outlook,” or the negative version of those words, or such other comparable words or phrases are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements are not historical facts, and are based on current expectations, estimates, and projections about the Company’s industry, management’s beliefs, and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond the Company’s control. Accordingly, you are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, assumptions, and uncertainties that are difficult to predict. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. Unless required by law, the Company also disclaims any obligation to update any forward-looking statements. Interested parties should not place undue reliance on any forward-looking statement and should carefully consider the risks and other factors that the Company faces. For a discussion of these risks and other factors, please see the sections titled “Cautionary Note Regarding Forward-Looking Statements” and “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and any subsequent quarterly reports on Form 10-Q, and in other documents that we file with the Securities and Exchange Commission from time to time.
Contact:
Julia Callis
Senior Vice President, General Counsel, and Corporate Secretary
318-561-4042
julia.callis@redriverbank.net
FAQ
What is the value of RRBI's private stock repurchase announced on May 22, 2025?
How much capacity remains in RRBI's existing stock repurchase program?
When does RRBI's current stock repurchase program expire?
How does the private repurchase price compare to RRBI's recent stock prices?
