Red River Bancshares, Inc. Reports First Quarter 2026 Financial Results
Rhea-AI Summary
Red River Bancshares (Nasdaq: RRBI) reported Q1 2026 net income of $12.0 million and EPS $1.81, record quarterly levels. Quarterly ROA was 1.44% and ROE 12.95%. Net interest margin FTE remained 3.51%. Assets were $3.35 billion, loans HFI $2.25 billion, and deposits $2.95 billion. The board raised the quarterly cash dividend to $0.25 (66.7% increase). The company authorized a $10.0 million 2026 share repurchase program. ACL was $24.1 million and NPAs were $4.3 million as of March 31, 2026.
Positive
- Net income $12.0M (record quarterly)
- EPS $1.81 for Q1 2026
- Quarterly dividend increased 66.7% to $0.25
- Net interest margin FTE stable at 3.51%
- 2026 buyback authorization $10.0M available
Negative
- Deposits down $17.5M (0.6%) from Dec 31, 2025
- Nonperforming assets increased 20.6% to $4.3M
- Noninterest income declined $416K (8.4%) QoQ
News Market Reaction – RRBI
In the Apr 30 session, RRBI declined 2.78%, reflecting a moderate negative market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jan 30 | Quarterly earnings | Positive | +6.1% | Record Q4 2025 and full-year 2025 earnings with strong NIM and growth. |
| Oct 30 | Quarterly earnings | Positive | +2.1% | Q3 2025 earnings growth, higher NIM, dividend hike and buybacks. |
| Jul 30 | Quarterly earnings | Positive | -0.7% | Q2 2025 earnings with higher NIM and assets but slight QoQ EPS dip. |
| Apr 30 | Quarterly earnings | Positive | +2.8% | Strong Q1 2025 growth in income, NIM, loans, and higher dividend. |
| Jan 30 | Quarterly earnings | Positive | +2.5% | Q4 2024 earnings growth, NIM improvement, and substantial stock buybacks. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Earnings releases have generally been received positively, with one mild negative reaction amid four positive moves.
Over the past year, RRBI has consistently reported growing earnings and stable asset quality. Prior quarters featured rising net income, expanding net interest margin FTE, and steady loan and deposit growth, often accompanied by dividend increases and share repurchase activity. Market reactions to these 5 earnings events were mostly positive, suggesting investors have typically rewarded record profitability and capital-return actions similar to those highlighted in the current Q1 2026 release.
Key Terms
net interest margin financial
federal funds rate financial
federal open market committee regulatory
basis point financial
nonperforming assets financial
allowance for credit losses financial
non-gaap financial measures financial
accumulated other comprehensive loss financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
ALEXANDRIA, La., April 30, 2026 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (the “Company”) (Nasdaq: RRBI), the holding company for Red River Bank (the “Bank”), announced today its unaudited financial results for the first quarter of 2026.
Net income for the first quarter of 2026 was
First Quarter 2026 Performance and Operational Highlights
The first quarter of 2026 financial results included record-high quarterly net income and a consistent balance sheet. We increased the quarterly cash dividend paid to shareholders by
- Net income for the first quarter of 2026 was
$12.0 million , up$556,000 , or4.9% , from the prior quarter. Net income for the first quarter was impacted by approximately$590,000 of periodic items that reduced operating expenses. These operating expense reductions benefited EPS by$0.07 . - Net interest income increased slightly, and net interest margin fully taxable equivalent (“FTE”) was consistent at
3.51% for the first quarter of 2026 and the prior quarter. - Assets remained consistent at
$3.35 billion as of March 31, 2026 and December 31, 2025. - Loans held for investment (“HFI”) were
$2.25 billion as of March 31, 2026 and December 31, 2025. In the first quarter of 2026, new loan originations and construction commitment fundings were offset by payments and payoffs. - Deposits totaled
$2.95 billion as of March 31, 2026, down$17.5 million , or0.6% , from$2.96 billion as of December 31, 2025, primarily due to the seasonal outflow of funds from public entity customers exceeding increased commercial deposits. - In the first quarter of 2026, we paid a quarterly cash dividend of
$0.25 per common share, which was a66.7% increase from$0.15 per common share paid in the third and fourth quarters of 2025. - The 2026 stock repurchase program authorizes us to purchase up to
$10.0 million of our outstanding shares of common stock from January 1, 2026 through December 31, 2026. There was no stock repurchase activity in the first quarter of 2026. As of March 31, 2026, the 2026 stock repurchase program had$10.0 million of available capacity. - We continue to implement our organic expansion plan. The following construction projects are in process:
- In the Northwest market, there are two projects in process with the goal of relocating personnel and vacating the Market Street location in Shreveport, Louisiana. In May 2026, we plan to relocate our Northwest market leadership and lenders to our newly constructed Shreveport Commercial and Private Banking Loan and Deposit Production Office Building, which is adjacent to our East Kings banking center. We then plan to relocate the Market Street retail banking center to the nearby American Towers building, which will have a more efficient cost structure.
- In the New Orleans market, we have leased and are remodeling a portion of the bottom floor of the Energy Centre Building on Poydras Street. Completion is expected in the third quarter of 2026. Once complete, we plan to relocate the Baronne Street retail banking center and the New Orleans market leadership and lenders to this updated, convenient, and visible location.
- In the Acadiana market, we held a ground-breaking ceremony in January 2026 for our second full-service banking center in this market, located on Camellia Boulevard in Lafayette, Louisiana. We expect this location to open early in 2027.
- In the first quarter of 2026, S&P Global Market Intelligence ranked the Bank 42nd of the top 50 best deposit franchises in 2025 for banks with assets between
$3.0 and$10.0 billion . - On April 6, 2026, Jim Nelson was appointed as Market President for the New Orleans market.
Blake Chatelain, President and Chief Executive Officer, stated, “We are pleased to report another strong quarter of financial results to start 2026. As a result of our consistent earnings and strong capital levels, the board of directors approved a
“Net income and EPS in the first quarter of 2026 were at record-high levels and benefited from periodic rebates and refunds from vendors. We continue to remain focused on managing the net interest margin FTE, which remained steady at
“In the second half of 2025, we experienced strong loan growth. In the first quarter of 2026, loans were consistent with the prior quarter; however, based on loan pipeline activity, we are expecting loan growth to resume during the remainder of the year. Deposit activity was solid in the first quarter of 2026, and the slight decrease in deposits was a result of the seasonal outflows of public funds that occur every year.
“We remain focused on our organic growth strategy. We are relocating several locations, building a new banking center, and constantly recruiting new bankers to join the Red River Bank team. We are very pleased to announce Jim Nelson as the New Orleans market president. Jim is a dynamic leader with deep ties to the New Orleans market. His experience, vision, and dedication to clients and the community make him the ideal choice to lead the New Orleans market for Red River Bank.
“As we move through 2026, we are well-positioned for continued progress and success. However, the world events in March 2026 remind us of how quickly situations can change. We are watching the situation in Iran and around the world closely. These actions certainly have the potential to impact the environment for all banks, businesses, and individuals. Uncertainty related to these events are impacting the United States and global economies. Increasing oil, gas, and energy prices are impacting inflation and could influence future interest rates. The 2026 forecast is challenging to predict; therefore, we remain positive, yet vigilant, as we monitor our communities and stay close to our customers. As always, we remain committed to serving our customers, growing, and providing steady financial results for our shareholders.”
Net Interest Income and Net Interest Margin FTE
Net interest income for the first quarter of 2026 was
In the second half of 2025, the Federal Open Market Committee (“FOMC”) reduced the federal funds rate by 75 bps, resulting in a range of
Noninterest Income
Noninterest income totaled
Other income was
The Small Business Investment Company (“SBIC”) partnerships reported a loss of
Operating Expenses
Operating expenses totaled
Personnel expenses totaled
Data processing expenses totaled
Loan and deposit expenses totaled
Other taxes totaled
Loans
Loans HFI were
| Loans HFI by Category | ||||||||||||||||||
| March 31, 2026 | December 31, 2025 | Change from December 31, 2025 to March 31, 2026 | ||||||||||||||||
| (dollars in thousands) | Amount | Percent | Amount | Percent | $ Change | % Change | ||||||||||||
| Real estate: | ||||||||||||||||||
| Commercial real estate | $ | 910,965 | 40.4 | % | $ | 920,294 | 40.9 | % | $ | (9,329 | ) | (1.0 | %) | |||||
| One-to-four family residential | 632,554 | 28.1 | % | 628,762 | 28.0 | % | 3,792 | 0.6 | % | |||||||||
| Construction and development | 240,686 | 10.7 | % | 221,214 | 9.8 | % | 19,472 | 8.8 | % | |||||||||
| Commercial and industrial | 391,611 | 17.4 | % | 392,824 | 17.5 | % | (1,213 | ) | (0.3 | %) | ||||||||
| Tax-exempt | 52,779 | 2.3 | % | 57,541 | 2.6 | % | (4,762 | ) | (8.3 | %) | ||||||||
| Consumer | 25,951 | 1.1 | % | 28,034 | 1.2 | % | (2,083 | ) | (7.4 | %) | ||||||||
| Total loans HFI | $ | 2,254,546 | 100.0 | % | $ | 2,248,669 | 100.0 | % | $ | 5,877 | 0.3 | % | ||||||
Asset Quality and Allowance for Credit Losses
Nonperforming assets (“NPA(s)”) totaled
The provision for credit losses was
Deposits
As of March 31, 2026, deposits were
| Deposits by Account Type | ||||||||||||||||||
| March 31, 2026 | December 31, 2025 | Change from December 31, 2025 to March 31, 2026 | ||||||||||||||||
| (dollars in thousands) | Balance | % of Total | Balance | % of Total | $ Change | % Change | ||||||||||||
| Noninterest-bearing demand deposits | $ | 916,413 | 31.1 | % | $ | 913,868 | 30.8 | % | $ | 2,545 | 0.3 | % | ||||||
| Interest-bearing deposits: | ||||||||||||||||||
| Interest-bearing demand deposits | 189,993 | 6.4 | % | 198,724 | 6.7 | % | (8,731 | ) | (4.4 | %) | ||||||||
| NOW accounts | 465,146 | 15.8 | % | 490,376 | 16.5 | % | (25,230 | ) | (5.1 | %) | ||||||||
| Money market accounts | 590,107 | 20.0 | % | 580,949 | 19.6 | % | 9,158 | 1.6 | % | |||||||||
| Savings accounts | 174,393 | 5.9 | % | 168,889 | 5.7 | % | 5,504 | 3.3 | % | |||||||||
| Time deposits less than or equal to | 405,281 | 13.8 | % | 407,539 | 13.8 | % | (2,258 | ) | (0.6 | %) | ||||||||
| Time deposits greater than | 204,602 | 7.0 | % | 203,067 | 6.9 | % | 1,535 | 0.8 | % | |||||||||
| Total interest-bearing deposits | 2,029,522 | 68.9 | % | 2,049,544 | 69.2 | % | (20,022 | ) | (1.0 | %) | ||||||||
| Total deposits | $ | 2,945,935 | 100.0 | % | $ | 2,963,412 | 100.0 | % | $ | (17,477 | ) | (0.6 | %) | |||||
| Deposits by Customer Type | ||||||||||||||||||
| March 31, 2026 | December 31, 2025 | Change from December 31, 2025 to March 31, 2026 | ||||||||||||||||
| (dollars in thousands) | Balance | % of Total | Balance | % of Total | $ Change | % Change | ||||||||||||
| Consumer | $ | 1,409,126 | 47.8 | % | $ | 1,397,775 | 47.2 | % | $ | 11,351 | 0.8 | % | ||||||
| Commercial | 1,296,580 | 44.0 | % | 1,270,069 | 42.8 | % | 26,511 | 2.1 | % | |||||||||
| Public | 240,229 | 8.2 | % | 295,568 | 10.0 | % | (55,339 | ) | (18.7 | %) | ||||||||
| Total deposits | $ | 2,945,935 | 100.0 | % | $ | 2,963,412 | 100.0 | % | $ | (17,477 | ) | (0.6 | %) | |||||
Stockholders’ Equity
Total stockholders’ equity as of March 31, 2026, was
Non-GAAP Disclosure
Our accounting and reporting policies conform to United States generally accepted accounting principles (“GAAP”) and the prevailing practices in the banking industry. Certain financial measures used by management to evaluate our operating performance are discussed as supplemental non-GAAP performance measures. In accordance with the Securities and Exchange Commission’s (“SEC”) rules, we classify a financial measure as being a non-GAAP financial measure if that financial measure excludes or includes amounts, or is subject to adjustments that have the effect of excluding or including amounts, that are included or excluded, as the case may be, in the most directly comparable measure calculated and presented in accordance with GAAP as in effect from time to time in the U.S.
Management and the board of directors review total tangible common equity, total realized common equity, total tangible assets, tangible book value per share, realized book value per share, and tangible common equity to tangible assets as part of managing operating performance. However, these non-GAAP financial measures should not be considered in isolation or as a substitute for the most directly comparable or other financial measures calculated in accordance with GAAP. Moreover, the manner we calculate the non-GAAP financial measures that are discussed may differ from that of other companies’ reporting measures with similar names. It is important to understand how such other banking organizations calculate and name their financial measures similar to the non-GAAP financial measures discussed by us when comparing such non-GAAP financial measures.
A reconciliation of non-GAAP financial measures to the comparable GAAP financial measures is included within the following financial statement tables.
About Red River Bancshares, Inc.
Red River Bancshares, Inc. 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 two combined loan and deposit production offices, one each in New Orleans, Louisiana and Lafayette, 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 the Slidell-Mandeville-Covington MSA; Acadiana, which includes the Lafayette MSA; and New Orleans, which includes the New Orleans-Metairie MSA.
Forward-Looking Statements
Statements in this news release regarding our expectations and beliefs about our future financial performance and financial condition, as well as trends in our business, interest rates, and markets, are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements often include words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “project,” “outlook,” or words of similar meaning, or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” The forward-looking statements in this news release are based on current information and on assumptions that we make about future events and circumstances that are subject to a number of risks and uncertainties that are often difficult to predict and beyond our control. As a result of those risks and uncertainties, our actual financial results in the future could differ, possibly materially, from those expressed in or implied by the forward-looking statements contained in this news release and could cause us to make changes to our future plans. Additional information regarding these and other risks and uncertainties to which our business and future financial performance are subject is contained in the section titled “Risk Factors” in our 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 SEC from time to time. In addition, our actual financial results in the future may differ from those currently expected due to additional risks and uncertainties of which we are not currently aware or which we do not currently view as, but in the future may become, material to our business or operating results. Due to these and other possible uncertainties and risks, readers are cautioned not to place undue reliance on the forward-looking statements contained in this news release or to make predictions based solely on historical financial performance. Any forward-looking statement speaks only as of the date on which it is made, and we do not undertake any obligation to update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. All forward-looking statements, express or implied, included in this news release are qualified in their entirety by this cautionary statement.
Contact:
Isabel V. Carriere, CPA, CGMA
Senior Executive Vice President, Chief Financial Officer, and Assistant Corporate Secretary
318-561-4023
icarriere@redriverbank.net
| FINANCIAL HIGHLIGHTS (UNAUDITED) | ||||||||||||
| As of and for the Three Months Ended | ||||||||||||
| (dollars in thousands, except per share data) | March 31, 2026 | December 31, 2025 | March 31, 2025 | |||||||||
| Net Income | $ | 11,971 | $ | 11,415 | $ | 10,352 | ||||||
| Per Common Share Data: | ||||||||||||
| Earnings per share, basic | $ | 1.82 | $ | 1.74 | $ | 1.53 | ||||||
| Earnings per share, diluted | $ | 1.81 | $ | 1.73 | $ | 1.52 | ||||||
| Book value per share | $ | 56.76 | $ | 55.52 | $ | 49.18 | ||||||
| Tangible book value per share(1) | $ | 56.53 | $ | 55.29 | $ | 48.95 | ||||||
| Realized book value per share(1) | $ | 63.70 | $ | 62.11 | $ | 57.49 | ||||||
| Cash dividends per share | $ | 0.25 | $ | 0.15 | $ | 0.12 | ||||||
| Shares outstanding | 6,577,186 | 6,576,609 | 6,777,657 | |||||||||
| Weighted average shares outstanding, basic | 6,576,994 | 6,576,609 | 6,777,332 | |||||||||
| Weighted average shares outstanding, diluted | 6,609,208 | 6,604,082 | 6,796,707 | |||||||||
| Summary Performance Ratios: | ||||||||||||
| Return on average assets | 1.44 | % | 1.38 | % | 1.32 | % | ||||||
| Return on average equity | 12.95 | % | 12.60 | % | 12.85 | % | ||||||
| Net interest margin | 3.47 | % | 3.46 | % | 3.17 | % | ||||||
| Net interest margin FTE | 3.51 | % | 3.51 | % | 3.22 | % | ||||||
| Efficiency ratio | 52.37 | % | 54.99 | % | 55.51 | % | ||||||
| Loans HFI to deposits ratio | 76.53 | % | 75.88 | % | 74.84 | % | ||||||
| Noninterest-bearing deposits to deposits ratio | 31.11 | % | 30.84 | % | 32.08 | % | ||||||
| Noninterest income to average assets | 0.55 | % | 0.60 | % | 0.67 | % | ||||||
| Operating expense to average assets | 2.08 | % | 2.20 | % | 2.12 | % | ||||||
| Summary Credit Quality Ratios: | ||||||||||||
| NPAs to assets | 0.13 | % | 0.11 | % | 0.16 | % | ||||||
| Nonperforming loans to loans HFI | 0.18 | % | 0.16 | % | 0.24 | % | ||||||
| ACL to loans HFI | 1.07 | % | 1.04 | % | 1.03 | % | ||||||
| Net charge-offs to average loans | 0.00 | % | 0.01 | % | 0.02 | % | ||||||
| Capital Ratios: | ||||||||||||
| Stockholders’ equity to assets | 11.16 | % | 10.90 | % | 10.46 | % | ||||||
| Tangible common equity to tangible assets(1) | 11.11 | % | 10.86 | % | 10.42 | % | ||||||
| Total risk-based capital to risk-weighted assets | 18.51 | % | 18.03 | % | 18.25 | % | ||||||
| Tier I risk-based capital to risk-weighted assets | 17.47 | % | 17.02 | % | 17.25 | % | ||||||
| Common equity Tier I capital to risk-weighted assets | 17.47 | % | 17.02 | % | 17.25 | % | ||||||
| Tier I risk-based capital to average assets | 12.26 | % | 12.21 | % | 12.01 | % | ||||||
| (1) Non-GAAP financial measure. Calculations of this measure and reconciliations to GAAP are included in the schedules accompanying this release. | ||||||||||||
| RED RIVER BANCSHARES, INC. | |||||||||||||||||||
| CONSOLIDATED BALANCE SHEETS (UNAUDITED) | |||||||||||||||||||
| (in thousands) | March 31, 2026 | December 31, 2025 | September 30, 2025 | June 30, 2025 | March 31, 2025 | ||||||||||||||
| ASSETS | |||||||||||||||||||
| Cash and due from banks | $ | 36,677 | $ | 25,685 | $ | 33,651 | $ | 42,453 | $ | 36,438 | |||||||||
| Interest-bearing deposits in other banks | 173,845 | 187,707 | 127,404 | 167,989 | 215,717 | ||||||||||||||
| Securities available-for-sale, at fair value | 638,729 | 647,310 | 636,679 | 566,981 | 566,874 | ||||||||||||||
| Securities held-to-maturity, at amortized cost | 120,609 | 122,619 | 124,853 | 127,305 | 129,686 | ||||||||||||||
| Equity securities, at fair value | 3,012 | 3,031 | 3,019 | 2,990 | 2,981 | ||||||||||||||
| Nonmarketable equity securities | 2,425 | 2,407 | 2,387 | 2,368 | 2,349 | ||||||||||||||
| Loans held for sale | 3,951 | 3,148 | 3,260 | 4,711 | 2,178 | ||||||||||||||
| Loans held for investment | 2,254,546 | 2,248,669 | 2,173,073 | 2,138,580 | 2,114,742 | ||||||||||||||
| Allowance for credit losses | (24,051 | ) | (23,399 | ) | (22,801 | ) | (22,222 | ) | (21,835 | ) | |||||||||
| Premises and equipment, net | 60,516 | 59,270 | 58,573 | 58,622 | 59,034 | ||||||||||||||
| Accrued interest receivable | 11,352 | 11,131 | 10,281 | 10,027 | 10,553 | ||||||||||||||
| Bank-owned life insurance | 31,488 | 31,267 | 31,041 | 30,817 | 30,593 | ||||||||||||||
| Intangible assets | 1,546 | 1,546 | 1,546 | 1,546 | 1,546 | ||||||||||||||
| Right-of-use assets | 1,407 | 1,487 | 1,564 | 2,489 | 2,611 | ||||||||||||||
| Other assets | 30,548 | 29,032 | 29,833 | 33,436 | 32,965 | ||||||||||||||
| Total Assets | $ | 3,346,600 | $ | 3,350,910 | $ | 3,214,363 | $ | 3,168,092 | $ | 3,186,432 | |||||||||
| LIABILITIES | |||||||||||||||||||
| Noninterest-bearing deposits | $ | 916,413 | $ | 913,868 | $ | 918,974 | $ | 897,997 | $ | 906,540 | |||||||||
| Interest-bearing deposits | 2,029,522 | 2,049,544 | 1,919,809 | 1,912,608 | 1,919,136 | ||||||||||||||
| Total Deposits | 2,945,935 | 2,963,412 | 2,838,783 | 2,810,605 | 2,825,676 | ||||||||||||||
| Accrued interest payable | 6,025 | 6,128 | 6,681 | 6,242 | 6,463 | ||||||||||||||
| Lease liabilities | 1,465 | 1,544 | 1,623 | 2,613 | 2,739 | ||||||||||||||
| Accrued expenses and other liabilities | 19,849 | 14,676 | 15,965 | 13,282 | 18,238 | ||||||||||||||
| Total Liabilities | 2,973,274 | 2,985,760 | 2,863,052 | 2,832,742 | 2,853,116 | ||||||||||||||
| COMMITMENTS AND CONTINGENCIES | — | — | — | — | — | ||||||||||||||
| STOCKHOLDERS’ EQUITY | |||||||||||||||||||
| Preferred stock, no par value | — | — | — | — | — | ||||||||||||||
| Common stock, no par value | 27,591 | 27,543 | 27,543 | 32,896 | 38,710 | ||||||||||||||
| Additional paid-in capital | 3,329 | 3,217 | 3,105 | 2,992 | 2,871 | ||||||||||||||
| Retained earnings | 388,058 | 377,731 | 367,302 | 357,488 | 348,093 | ||||||||||||||
| Accumulated other comprehensive income (loss) | (45,652 | ) | (43,341 | ) | (46,639 | ) | (58,026 | ) | (56,358 | ) | |||||||||
| Total Stockholders’ Equity | 373,326 | 365,150 | 351,311 | 335,350 | 333,316 | ||||||||||||||
| Total Liabilities and Stockholders’ Equity | $ | 3,346,600 | $ | 3,350,910 | $ | 3,214,363 | $ | 3,168,092 | $ | 3,186,432 | |||||||||
| RED RIVER BANCSHARES, INC. | |||||||||||
| CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) | |||||||||||
| For the Three Months Ended | |||||||||||
| (in thousands) | March 31, 2026 | December 31, 2025 | March 31, 2025 | ||||||||
| INTEREST AND DIVIDEND INCOME | |||||||||||
| Interest and fees on loans | $ | 31,545 | $ | 31,664 | $ | 28,270 | |||||
| Interest on securities | 5,844 | 5,873 | 4,856 | ||||||||
| Interest on deposits in other banks | 1,737 | 1,642 | 2,661 | ||||||||
| Dividends on stock | 19 | 20 | 21 | ||||||||
| Total Interest and Dividend Income | 39,145 | 39,199 | 35,808 | ||||||||
| INTEREST EXPENSE | |||||||||||
| Interest on deposits | 10,741 | 10,958 | 11,198 | ||||||||
| Total Interest Expense | 10,741 | 10,958 | 11,198 | ||||||||
| Net Interest Income | 28,404 | 28,241 | 24,610 | ||||||||
| Provision for credit losses | 750 | 750 | 450 | ||||||||
| Net Interest Income After Provision for Credit Losses | 27,654 | 27,491 | 24,160 | ||||||||
| NONINTEREST INCOME | |||||||||||
| Service charges on deposit accounts | 1,395 | 1,430 | 1,383 | ||||||||
| Debit card income, net | 916 | 898 | 992 | ||||||||
| Mortgage loan income | 605 | 649 | 530 | ||||||||
| Brokerage income | 939 | 1,287 | 1,325 | ||||||||
| Loan and deposit income | 498 | 454 | 459 | ||||||||
| Bank-owned life insurance income | 221 | 226 | 213 | ||||||||
| Gain (Loss) on equity securities | (19 | ) | 13 | 44 | |||||||
| SBIC income (loss) | (105 | ) | (197 | ) | 280 | ||||||
| Other income (loss) | 83 | 189 | 46 | ||||||||
| Total Noninterest Income | 4,533 | 4,949 | 5,272 | ||||||||
| OPERATING EXPENSES | |||||||||||
| Personnel expenses | 10,517 | 10,954 | 10,023 | ||||||||
| Occupancy and equipment expenses | 1,884 | 1,749 | 1,794 | ||||||||
| Technology expenses | 863 | 893 | 835 | ||||||||
| Advertising | 328 | 324 | 333 | ||||||||
| Other business development expenses | 550 | 584 | 558 | ||||||||
| Data processing expense | 377 | 713 | 288 | ||||||||
| Other taxes | 560 | 583 | 612 | ||||||||
| Loan and deposit expenses | 103 | 315 | 62 | ||||||||
| Legal and professional expenses | 529 | 550 | 632 | ||||||||
| Regulatory assessment expenses | 417 | 439 | 391 | ||||||||
| Other operating expenses | 1,122 | 1,147 | 1,060 | ||||||||
| Total Operating Expenses | 17,250 | 18,251 | 16,588 | ||||||||
| Income Before Income Tax Expense | 14,937 | 14,189 | 12,844 | ||||||||
| Income tax expense | 2,966 | 2,774 | 2,492 | ||||||||
| Net Income | $ | 11,971 | $ | 11,415 | $ | 10,352 | |||||
| RED RIVER BANCSHARES, INC. | |||||||||||||||||||
| NET INTEREST INCOME AND NET INTEREST MARGIN (UNAUDITED) | |||||||||||||||||||
| For the Three Months Ended | |||||||||||||||||||
| March 31, 2026 | December 31, 2025 | ||||||||||||||||||
| (dollars in thousands) | Average Balance Outstanding | Interest Income/ Expense | Average Yield/ Rate | Average Balance Outstanding | Interest Income/ Expense | Average Yield/ Rate | |||||||||||||
| Assets | |||||||||||||||||||
| Interest-earning assets: | |||||||||||||||||||
| Loans(1,2) | $ | 2,255,394 | $ | 31,545 | 5.60 | % | $ | 2,214,161 | $ | 31,664 | 5.60 | % | |||||||
| Securities - taxable | 629,550 | 4,872 | 3.10 | % | 625,220 | 4,900 | 3.13 | % | |||||||||||
| Securities - tax-exempt | 182,996 | 972 | 2.12 | % | 183,911 | 973 | 2.12 | % | |||||||||||
| Interest-bearing deposits in other banks | 191,843 | 1,737 | 3.62 | % | 166,797 | 1,642 | 3.85 | % | |||||||||||
| Nonmarketable equity securities | 2,409 | 19 | 3.10 | % | 2,389 | 20 | 3.34 | % | |||||||||||
| Total interest-earning assets | 3,262,192 | $ | 39,145 | 4.80 | % | 3,192,478 | $ | 39,199 | 4.82 | % | |||||||||
| Allowance for credit losses | (23,647 | ) | (23,037 | ) | |||||||||||||||
| Noninterest-earning assets | 127,068 | 120,146 | |||||||||||||||||
| Total assets | $ | 3,365,613 | $ | 3,289,587 | |||||||||||||||
| Liabilities and Stockholders’ Equity | |||||||||||||||||||
| Interest-bearing liabilities: | |||||||||||||||||||
| Interest-bearing transaction deposits | $ | 1,440,118 | $ | 5,558 | 1.57 | % | $ | 1,348,461 | $ | 5,527 | 1.63 | % | |||||||
| Time deposits | 607,964 | 5,183 | 3.46 | % | 608,448 | 5,431 | 3.54 | % | |||||||||||
| Total interest-bearing deposits | 2,048,082 | 10,741 | 2.13 | % | 1,956,909 | 10,958 | 2.22 | % | |||||||||||
| Other borrowings | — | — | — | % | — | — | — | % | |||||||||||
| Total interest-bearing liabilities | 2,048,082 | $ | 10,741 | 2.13 | % | 1,956,909 | $ | 10,958 | 2.22 | % | |||||||||
| Noninterest-bearing liabilities: | |||||||||||||||||||
| Noninterest-bearing deposits | 917,623 | 947,506 | |||||||||||||||||
| Accrued interest and other liabilities | 24,986 | 25,770 | |||||||||||||||||
| Total noninterest-bearing liabilities | 942,609 | 973,276 | |||||||||||||||||
| Stockholders’ equity | 374,922 | 359,402 | |||||||||||||||||
| Total liabilities and stockholders’ equity | $ | 3,365,613 | $ | 3,289,587 | |||||||||||||||
| Net interest income | $ | 28,404 | $ | 28,241 | |||||||||||||||
| Net interest spread | 2.67 | % | 2.60 | % | |||||||||||||||
| Net interest margin | 3.47 | % | 3.46 | % | |||||||||||||||
| Net interest margin FTE(3) | 3.51 | % | 3.51 | % | |||||||||||||||
| Cost of deposits | 1.47 | % | 1.50 | % | |||||||||||||||
| Cost of funds | 1.34 | % | 1.36 | % | |||||||||||||||
| (1) Includes average outstanding balances of loans held for sale of | |||||||||||||||||||
| (2) Nonaccrual loans are included as loans carrying a zero yield. | |||||||||||||||||||
| (3) Net interest margin FTE includes an FTE adjustment using a | |||||||||||||||||||
| RED RIVER BANCSHARES, INC. | |||||||||||||||||||
| NET INTEREST INCOME AND NET INTEREST MARGIN (UNAUDITED) | |||||||||||||||||||
| For the Three Months Ended | |||||||||||||||||||
| March 31, 2026 | March 31, 2025 | ||||||||||||||||||
| (dollars in thousands) | Average Balance Outstanding | Interest Income/ Expense | Average Yield/ Rate | Average Balance Outstanding | Interest Income/ Expense | Average Yield/ Rate | |||||||||||||
| Assets | |||||||||||||||||||
| Interest-earning assets: | |||||||||||||||||||
| Loans(1,2) | $ | 2,255,394 | $ | 31,545 | 5.60 | % | $ | 2,089,712 | $ | 28,270 | 5.41 | % | |||||||
| Securities - taxable | 629,550 | 4,872 | 3.10 | % | 559,752 | 3,871 | 2.77 | % | |||||||||||
| Securities - tax-exempt | 182,996 | 972 | 2.12 | % | 189,729 | 985 | 2.08 | % | |||||||||||
| Interest-bearing deposits in other banks | 191,843 | 1,737 | 3.62 | % | 243,751 | 2,661 | 4.37 | % | |||||||||||
| Nonmarketable equity securities | 2,409 | 19 | 3.10 | % | 2,330 | 21 | 3.56 | % | |||||||||||
| Total interest-earning assets | 3,262,192 | $ | 39,145 | 4.80 | % | 3,085,274 | $ | 35,808 | 4.64 | % | |||||||||
| Allowance for credit losses | (23,647 | ) | (21,789 | ) | |||||||||||||||
| Noninterest-earning assets | 127,068 | 107,295 | |||||||||||||||||
| Total assets | $ | 3,365,613 | $ | 3,170,780 | |||||||||||||||
| Liabilities and Stockholders’ Equity | |||||||||||||||||||
| Interest-bearing liabilities: | |||||||||||||||||||
| Interest-bearing transaction deposits | $ | 1,440,118 | $ | 5,558 | 1.57 | % | $ | 1,341,885 | $ | 5,641 | 1.70 | % | |||||||
| Time deposits | 607,964 | 5,183 | 3.46 | % | 592,368 | 5,557 | 3.80 | % | |||||||||||
| Total interest-bearing deposits | 2,048,082 | 10,741 | 2.13 | % | 1,934,253 | 11,198 | 2.35 | % | |||||||||||
| Other borrowings | — | — | — | % | — | — | — | % | |||||||||||
| Total interest-bearing liabilities | 2,048,082 | $ | 10,741 | 2.13 | % | 1,934,253 | $ | 11,198 | 2.35 | % | |||||||||
| Noninterest-bearing liabilities: | |||||||||||||||||||
| Noninterest-bearing deposits | 917,623 | 884,484 | |||||||||||||||||
| Accrued interest and other liabilities | 24,986 | 25,336 | |||||||||||||||||
| Total noninterest-bearing liabilities | 942,609 | 909,820 | |||||||||||||||||
| Stockholders’ equity | 374,922 | 326,707 | |||||||||||||||||
| Total liabilities and stockholders’ equity | $ | 3,365,613 | $ | 3,170,780 | |||||||||||||||
| Net interest income | $ | 28,404 | $ | 24,610 | |||||||||||||||
| Net interest spread | 2.67 | % | 2.29 | % | |||||||||||||||
| Net interest margin | 3.47 | % | 3.17 | % | |||||||||||||||
| Net interest margin FTE(3) | 3.51 | % | 3.22 | % | |||||||||||||||
| Cost of deposits | 1.47 | % | 1.61 | % | |||||||||||||||
| Cost of funds | 1.34 | % | 1.47 | % | |||||||||||||||
| (1) Includes average outstanding balances of loans held for sale of | |||||||||||||||||||
| (2) Nonaccrual loans are included as loans carrying a zero yield. | |||||||||||||||||||
| (3) Net interest margin FTE includes an FTE adjustment using a | |||||||||||||||||||
| RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (UNAUDITED) | |||||||||||
| (dollars in thousands, except per share data) | March 31, 2026 | December 31, 2025 | March 31, 2025 | ||||||||
| Tangible common equity | |||||||||||
| Total stockholders’ equity | $ | 373,326 | $ | 365,150 | $ | 333,316 | |||||
| Adjustments: | |||||||||||
| Intangible assets | (1,546 | ) | (1,546 | ) | (1,546 | ) | |||||
| Total tangible common equity (non-GAAP) | $ | 371,780 | $ | 363,604 | $ | 331,770 | |||||
| Realized common equity | |||||||||||
| Total stockholders’ equity | $ | 373,326 | $ | 365,150 | $ | 333,316 | |||||
| Adjustments: | |||||||||||
| Accumulated other comprehensive (income) loss | 45,652 | 43,341 | 56,358 | ||||||||
| Total realized common equity (non-GAAP) | $ | 418,978 | $ | 408,491 | $ | 389,674 | |||||
| Common shares outstanding | 6,577,186 | 6,576,609 | 6,777,657 | ||||||||
| Book value per share | $ | 56.76 | $ | 55.52 | $ | 49.18 | |||||
| Tangible book value per share (non-GAAP) | $ | 56.53 | $ | 55.29 | $ | 48.95 | |||||
| Realized book value per share (non-GAAP) | $ | 63.70 | $ | 62.11 | $ | 57.49 | |||||
| Tangible assets | |||||||||||
| Total assets | $ | 3,346,600 | $ | 3,350,910 | $ | 3,186,432 | |||||
| Adjustments: | |||||||||||
| Intangible assets | (1,546 | ) | (1,546 | ) | (1,546 | ) | |||||
| Total tangible assets (non-GAAP) | $ | 3,345,054 | $ | 3,349,364 | $ | 3,184,886 | |||||
| Total stockholders’ equity to assets | 11.16 | % | 10.90 | % | 10.46 | % | |||||
| Tangible common equity to tangible assets (non-GAAP) | 11.11 | % | 10.86 | % | 10.42 | % | |||||
