Red River Bancshares, Inc. Announces Private Stock Repurchase

Rhea-AI Summary

Red River Bancshares (Nasdaq: RRBI) has executed a private stock repurchase agreement with two shareholders to buy back 100,000 shares of its common stock for $5.3 million. The purchase price represents a discount to the volume-weighted average prices as of August 1, 2025.

This private repurchase is separate from RRBI's existing $5.0 million share repurchase program, which remains in effect through December 31, 2025, with $4.3 million in remaining capacity. The transaction demonstrates the company's commitment to enhancing shareholder value through strategic capital allocation.

Positive

• Strategic buyback of 100,000 shares at a discounted price relative to market averages
• Purchase price of $5.3 million demonstrates significant capital deployment for shareholder returns
• Maintains $4.3 million capacity in separate ongoing repurchase program
• Transaction executed at favorable pricing, below 10-, 20-, and 30-day volume weighted average prices

Negative

• Significant cash outlay of $5.3 million reduces company's available capital
• Large private transaction with select shareholders could impact stock's public float

ALEXANDRIA, La., Aug. 07, 2025 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (Nasdaq: RRBI) (the “Company”) announced today that, on August 7, 2025, the Company entered into a stock repurchase agreement with two shareholders for the repurchase by the Company of 100,000 shares of its common stock in a privately-negotiated transaction for a purchase price of $5.3 million. The purchase price reflects a discount to the 10-, 20-, and 30-day volume weighted average price on August 1, 2025. Blake Chatelain, the Company’s President and Chief Executive Officer, said, “We are excited to complete this repurchase, which shows our continued commitment to delivering shareholder value.”

The repurchase is supplemental to the Company’s previously announced $5.0 million repurchase program in effect through December 31, 2025 (the “Repurchase Program”), and does not impact the amount of permitted repurchases thereunder. As of August 7, 2025, the Company had approximately $4.3 million of remaining capacity under the Repurchase Program.

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, including 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
Executive Vice President, General Counsel, and Corporate Secretary
318-561-4042
julia.callis@redriverbank.net

FAQ

How many shares is RRBI repurchasing in its private stock buyback?

Red River Bancshares is repurchasing 100,000 shares of its common stock through a privately-negotiated transaction.

What is the value of RRBI's private stock repurchase announced on August 7, 2025?

The private stock repurchase is valued at $5.3 million.

How much capacity remains in RRBI's existing share repurchase program?

As of August 7, 2025, RRBI has $4.3 million of remaining capacity under its existing $5.0 million repurchase program.

When does Red River Bancshares' current share repurchase program expire?

RRBI's current $5.0 million share repurchase program remains in effect through December 31, 2025.

How was the purchase price determined for RRBI's private stock repurchase?

The purchase price was set at a discount to the 10-, 20-, and 30-day volume weighted average price as of August 1, 2025.