Red River Bancshares, Inc. Reports Fourth Quarter 2025 Financial Results

Rhea-AI Summary

Red River Bancshares (Nasdaq: RRBI) reported record fourth-quarter 2025 net income of $11.4 million (EPS $1.73) and record 2025 net income of $42.8 million (EPS $6.38, +24.9% vs. 2024).

Key metrics: net interest margin FTE 3.51% (+8 bps QoQ), loans HFI $2.25 billion (+3.5% QoQ), deposits $2.96 billion (+4.4% QoQ), assets $3.35 billion (+4.2% QoQ). Board approved a $10.0 million share repurchase program for 2026 and paid total 2025 dividends of $0.54 per share.

Positive

• Record 2025 net income of $42.8 million (+24.9% YoY)
• Net interest margin FTE improved to 3.51% (+8 bps QoQ)
• Loans HFI grew to $2.25 billion (+3.5% QoQ; +8.4% for 2025)
• 2026 repurchase program authorized for up to $10.0 million

Negative

• Nonperforming assets increased 44.9% QoQ to $3.5 million (NPA ratio 0.11%)
• Provision for credit losses rose to $750,000 in Q4 2025 (+15.4% QoQ)

News Market Reaction

+6.07%

8 alerts

+6.07% News Effect

+2.2% Peak in 4 hr 35 min

+$32M Valuation Impact

$566M Market Cap

0.7x Rel. Volume

On the day this news was published, RRBI gained 6.07%, reflecting a notable positive market reaction. Argus tracked a peak move of +2.2% during that session. Our momentum scanner triggered 8 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $32M to the company's valuation, bringing the market cap to $566M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Q4 2025 Net Income: $11.4 million Q4 2025 EPS: $1.73 per diluted share 2025 Net Income: $42.8 million +5 more

8 metrics

Q4 2025 Net Income $11.4 million Fourth quarter 2025

Q4 2025 EPS $1.73 per diluted share Fourth quarter 2025

2025 Net Income $42.8 million Year ended December 31, 2025

2025 EPS $6.38 per diluted share Year ended December 31, 2025

2025 Return on Assets 1.33% Year ended December 31, 2025

2025 Return on Equity 12.58% Year ended December 31, 2025

Loans HFI $2.25 billion As of December 31, 2025

Total Deposits $2.96 billion As of December 31, 2025

Market Reality Check

Price: $88.90 Vol: Volume 29,357 is below 20...

normal vol

$88.90 Last Close

Volume Volume 29,357 is below 20-day average of 41,890, suggesting a moderate reaction. normal

Technical Price 78.31 is trading above the 200-day MA at 63.95, reflecting a pre-news uptrend.

Peers on Argus

RRBI is up 2.15% with regional bank peers also positive: HBCP +2.16%, FFIC +2.01...

RRBI is up 2.15% with regional bank peers also positive: HBCP +2.16%, FFIC +2.01%, FRBA +1.29%, AROW +1.52%, BWB +0.21%, indicating a supportive sector backdrop.

Previous Earnings Reports

5 past events · Latest: Oct 30 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Oct 30	Quarterly earnings	Positive	+2.1%	Q3 2025 earnings beat prior quarter with higher NIM and loan growth.
Jul 30	Quarterly earnings	Positive	-0.7%	Q2 2025 results showed strong Y/Y growth but slight sequential EPS dip.
Apr 30	Quarterly earnings	Positive	+2.8%	Q1 2025 delivered double‑digit earnings growth and higher NIM.
Jan 30	Quarterly earnings	Positive	+2.5%	Q4 2024 earnings grew with improving margin and active repurchases.
Oct 30	Quarterly earnings	Positive	+0.5%	Q3 2024 showed rising income, higher NIM, and solid asset quality.

Pattern Detected

Earnings releases have typically led to positive stock reactions, with only one mild negative move in the last five quarters.

Recent Company History

Over the past five quarters, Red River Bancshares has consistently reported rising profitability and expanding net interest margin, alongside steady loan and deposit growth. Prior earnings on Jan 30, 2025, Apr 30, 2025, Jul 30, 2025, and Oct 30, 2025 all highlighted strong asset quality and active capital return via buybacks and dividend increases. Those reports generally saw positive share-price responses, framing today’s record Q4 and full‑year 2025 results as a continuation of this trajectory.

Historical Comparison

+1.7% avg move · Earnings headlines have moved RRBI about 1.71% on average. Today’s 2.15% gain sits modestly above th...

earnings

+1.7%

Average Historical Move earnings

Earnings headlines have moved RRBI about 1.71% on average. Today’s 2.15% gain sits modestly above that pattern, consistent with the record Q4 and full‑year 2025 results.

Across five consecutive earnings reports, RRBI has shown rising net income, expanding net interest margin, growing loans and deposits, and ongoing capital returns through dividends and share repurchases.

Market Pulse Summary

The stock moved +6.1% in the session following this news. A strong positive reaction aligns with the...

Analysis

The stock moved +6.1% in the session following this news. A strong positive reaction aligns with the company’s record Q4 and full‑year 2025 results, including higher net income, expanding net interest margin FTE to 3.51%, and solid loan and deposit growth. Past earnings releases have generally produced gains, but investors must weigh rising nonperforming assets and credit‑loss provisioning when assessing how durable such strength could be.

Key Terms

net interest margin, fully taxable equivalent, federal open market committee, nonperforming assets, +4 more

8 terms

net interest margin financial

"Net interest income and net interest margin fully taxable equivalent (“FTE”) increased"

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

fully taxable equivalent financial

"Net interest income and net interest margin fully taxable equivalent (“FTE”) increased"

A fully taxable equivalent converts a tax-free yield into the pretax yield you would need from a taxable investment to get the same after-tax return, using an investor’s marginal tax rate. Think of it like inflating a discounted price to the full sticker price so you can compare items side‑by‑side; investors use it to fairly compare tax-exempt securities with taxable alternatives and choose the better after-tax income.

federal open market committee regulatory

"In 2025, the Federal Open Market Committee (“FOMC”) held rates consistent"

The Federal Open Market Committee (FOMC) is the policymaking group within the U.S. central bank that decides short-term interest rate direction and conducts market operations to influence money supply. Think of it as the economy’s thermostat: its choices on rates and bond buying/selling affect borrowing costs, inflation and investor returns, so its decisions quickly influence stock, bond and currency prices and broader business activity.

nonperforming assets financial

"Asset Quality and Allowance for Credit Losses NPAs totaled $3.5 million"

Nonperforming assets are loans or investments that are not generating expected payments or returns because the borrower has fallen behind on payments or the investment has lost value. They matter to investors because a high level of nonperforming assets can indicate financial trouble for a bank or institution, potentially affecting its stability and profitability.

allowance for credit losses financial

"As of December 31, 2025, the ACL was $23.4 million."

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

gaap financial

"policies conform to United States generally accepted accounting principles (“GAAP”)"

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

non-gaap financial

"we classify a financial measure as being a non-GAAP financial measure"

Non-GAAP refers to financial measures that companies use to show their earnings or performance without including certain expenses or income that are often added back to give a different picture. It matters because it can make a company's results look better or more favorable, but it may also hide important costs, so investors need to look at both GAAP (official rules) and non-GAAP numbers to get a full understanding.

small business investment company financial

"The Small Business Investment Company (“SBIC”) partnerships reported a loss"

A small business investment company (SBIC) is a privately managed investment fund licensed and regulated by a government agency to invest in privately held small businesses, often combining private capital with government-backed financing. For investors, SBICs serve as a way to gain exposure to growing private companies—similar to a neighborhood venture capital firm boosted by a government loan guarantee—offering potential higher returns along with higher risk and less liquidity than public stocks.

AI-generated analysis. Not financial advice.

ALEXANDRIA, La., Jan. 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 fourth quarter of 2025.

Net income for the fourth quarter of 2025 was $11.4 million, or $1.73 per diluted common share (“EPS”), compared to $10.8 million, or $1.63 EPS, for the third quarter of 2025. For the fourth quarter of 2025, the quarterly return on assets was 1.38%, and the quarterly return on equity was 12.60%.

Net income for the year ended December 31, 2025, was $42.8 million, or $6.38 EPS, compared to $34.2 million, or $4.95 EPS, for the year ended December 31, 2024. For the year ended December 31, 2025, the return on assets was 1.33%, and the return on equity was 12.58%.

Fourth Quarter 2025 Performance and Operational Highlights

The fourth quarter of 2025 financial results included record-high quarterly net income, an improved net interest margin, along with solid growth in loans, deposits, and assets. We also renewed and increased the stock repurchase program for 2026.

• Net income for the fourth quarter of 2025 was $11.4 million, up $614,000, or 5.7%, from the third quarter. Net income for the fourth quarter was impacted by a $1.4 million increase in net interest income, combined with $216,000 of nonrecurring noninterest income as further described below.
• Net interest income and net interest margin fully taxable equivalent (“FTE”) increased for the fourth quarter of 2025 compared to the prior quarter.
• The Company participates as a member in the JAM FINTOP Banktech, L.P. fund (“JAM FINTOP”). During the third quarter of 2025, JAM FINTOP completed the sale of an investment, which led to distributions of capital and income. As a result, in the fourth and third quarters of 2025, other income (loss) included nonrecurring JAM FINTOP partnership income of $127,000 and $253,000, respectively.
• In the fourth quarter of 2025, loan and deposit income benefited from the receipt of $89,000 in nonrecurring loan-related fees.
• As of December 31, 2025, loans held for investment (“HFI”) were $2.25 billion, up $75.6 million, or 3.5%, from $2.17 billion as of September 30, 2025. In the fourth quarter of 2025, we experienced robust new loan and commitment activity, combined with funding of loan construction commitments.
• As of December 31, 2025, assets were $3.35 billion, up $136.5 million, or 4.2%, from $3.21 billion as of September 30, 2025, driven by a $124.6 million increase in deposits.
• Deposits totaled $2.96 billion as of December 31, 2025, up $124.6 million, or 4.4%, from $2.84 billion as of September 30, 2025, primarily due to the seasonal inflow of funds from public entity customers combined with higher customer deposit balances.
• We paid a quarterly cash dividend of $0.15 per common share in the fourth quarter of 2025.
• In 2025, our cash dividend was $0.54 per common share, which was a 50.0% increase from $0.36 per common share paid in 2024.
• The 2025 stock repurchase program authorized us to purchase up to $5.0 million of our outstanding shares of common stock from January 1, 2025 through December 31, 2025. We repurchased shares on the open market during the second quarter of 2025, when we repurchased 11,748 shares at an aggregate cost of $656,000, excluding excise tax. The 2025 stock repurchase program expired on December 31, 2025, with $4.3 million of available capacity.
• During 2025, we completed two privately negotiated stock repurchases for an aggregate of 200,000 shares of our common stock at a total purchase price of $10.4 million, excluding excise tax. These repurchases were supplemental to our 2025 stock repurchase program.
• In 2025, we repurchased 211,748 shares of our common stock. For the year ended December 31, 2025, these repurchases benefited earnings per share by $0.10.
• On December 18, 2025, our Board of Directors approved the renewal and increase of our stock repurchase program for 2026. 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.
  
  

Blake Chatelain, President and Chief Executive Officer, stated, “We are very pleased with the financial results for both the fourth quarter of 2025 and the full year. We completed two consecutive quarters of record-high net income along with record-high annual net income for 2025. Net income for 2025 was $42.8 million, which was $8.5 million, or 24.9%, higher than 2024. These results were driven by very strong loan growth throughout 2025, which contributed to an improved net interest margin FTE and higher net interest income.

“For the fourth quarter of 2025, our net interest margin FTE increased for the ninth consecutive quarter to 3.51% as we repriced assets at higher yields, while also managing our cost of deposits as the Federal Reserve lowered rates. This allowed us to increase the net interest margin FTE by 8 basis points (“bp(s)”) and net interest income by $1.4 million in the fourth quarter of 2025.

“While loan growth had been steady throughout 2025, we are extremely pleased with loans HFI increasing 3.5% in the fourth quarter of 2025 and 8.4% for 2025. Loan activity picked up in the fourth quarter as new and existing clients continued to invest and expand their businesses. This loan activity occurred throughout all of our Louisiana markets.

“We are excited about our growth momentum and are moving forward on several organic expansion projects. In Shreveport, construction is underway on a new lending headquarters building adjacent to our East Kings banking center, which we expect to be completed in the summer of 2026. In early January 2026, we held a ground-breaking ceremony for our second full-service banking center in the Acadiana Market, located on Camellia Boulevard.

“The fourth quarter of 2025 wrapped up a record year for our Company and a good year for Louisiana and our communities. We continue to invest in expanding our full-service, relationship banking model, which has been well received across the state. We look forward to 2026 and to the opportunities ahead.”

Net Interest Income and Net Interest Margin FTE

Net interest income for the fourth quarter of 2025 was $28.2 million, which was $1.4 million, or 5.0%, higher than the third quarter of 2025. Net interest margin FTE increased 8 bps to 3.51% for the fourth quarter of 2025, compared to the prior quarter. These improvements were driven by a $1.1 million increase in loan income, mainly from higher loan balances and a 3 bp increase to loan yields. For the fourth quarter of 2025, the average rate on new and renewed loans was 6.72%. Also contributing to these improvements were a $448,000 increase in securities income and a 9 bp increase to securities yield, due to purchasing a significant amount of securities at the end of the third quarter, along with $35.4 million in the fourth quarter, at favorable yields. These improvements were further driven by a $305,000 decrease in interest expense due to lower rates on interest-bearing deposit accounts. The lower deposit rates contributed to an 8 bp decrease in the cost of deposits. These favorable variances were partially offset by lower income on short-term liquid assets due to reductions to the target federal funds range and a lower balance of short-term liquid assets.

In 2025, the Federal Open Market Committee (“FOMC”) held rates consistent through mid-September, then reduced the federal funds range by a series of 25 bp cuts in September, October, and December, bringing the range to 3.50%-3.75%. In response, we adjusted loan and deposit rates. The market’s expectation is that the FOMC may lower the target federal funds range by 25-50 bps in 2026. Income on short-term liquid assets follows the target federal funds range, which we expect to decrease in 2026. In 2026, we project $261.4 million of fixed rate loans at 5.85% to mature and $434.0 million of floating rate loans at 6.24% to reprice. We expect to redeploy these balances into loans with slightly higher rates. We also expect to receive $125.3 million in securities cash flows at 3.69%, which we plan to redeploy into securities at higher yields. Rates on interest-bearing transaction deposits could be lowered with target federal funds range reductions. We expect $573.9 million in time deposits at 3.57% to mature in 2026, with the opportunity to reprice slightly lower. Depending on balance sheet activity and the interest rate environment, we expect net interest income and net interest margin FTE to increase slightly in the first quarter of 2026.

Noninterest Income

Noninterest income totaled $4.9 million for the fourth quarter of 2025, down $76,000, or 1.5%, from the previous quarter.

Other income was $189,000 for the fourth quarter of 2025, down $189,000, or 50.0%, from the previous quarter. During the third quarter of 2025, JAM FINTOP completed the sale of an investment, which led to distributions of capital and income. As a result, the fourth and third quarters of 2025 included nonrecurring JAM FINTOP partnership income of $127,000 and $253,000, respectively.

The Small Business Investment Company (“SBIC”) partnerships reported a loss of $197,000 in the fourth quarter of 2025, compared to a loss of $75,000 in the previous quarter. This $122,000, or 162.7%, decrease was mainly due to fund value adjustments as an SBIC fund continues its wind-down phase. We expect SBIC income to fluctuate in future quarters.

Loan and deposit income was $454,000 for the fourth quarter of 2025, up $61,000, or 15.5%, from the previous quarter. The fourth quarter of 2025 benefited from the receipt of $89,000 in nonrecurring loan-related fees.

Operating Expenses

Operating expenses totaled $18.3 million for the fourth quarter of 2025, up $362,000, or 2.0%, from the previous quarter.

Personnel expenses totaled $11.0 million for the fourth quarter of 2025, up $443,000, or 4.2%, from the previous quarter. This increase was primarily due to higher personnel-related accruals. As of December 31, 2025 and September 30, 2025, we had 375 and 377 total employees, respectively.

Technology expenses totaled $893,000 for the fourth quarter of 2025, up $62,000, or 7.5%, from the previous quarter. This increase was primarily due to $48,000 of computer workstation upgrades.

Loans

Loans HFI as of December 31, 2025, were $2.25 billion, an increase of $75.6 million, or 3.5%, from $2.17 billion as of September 30, 2025. In the fourth quarter of 2025, we experienced robust new loan and commitment activity, combined with funding of loan construction commitments. As of December 31, 2025, we had $142.5 million of unfunded construction loan commitments, which we expect to fund over time.

Loans HFI by Category
		December 31, 2025							September 30, 2025							Change from September 30, 2025 to December 31, 2025
(dollars in thousands)		Amount				Percent			Amount				Percent			$ Change				% Change
Real estate:
Commercial real estate		$	920,294			40.9	%		$	896,211			41.2	%		$	24,083			2.7	%
One-to-four family residential			628,762			28.0	%			618,320			28.5	%			10,442			1.7	%
Construction and development			221,214			9.8	%			202,589			9.3	%			18,625			9.2	%
Commercial and industrial			392,824			17.5	%			369,245			17.0	%			23,579			6.4	%
Tax-exempt			57,541			2.6	%			59,465			2.7	%			(1,924	)		(3.2	%)
Consumer			28,034			1.2	%			27,243			1.3	%			791			2.9	%
Total loans HFI		$	2,248,669			100.0	%		$	2,173,073			100.0	%		$	75,596			3.5	%

Asset Quality and Allowance for Credit Losses

NPAs totaled $3.5 million as of December 31, 2025, an increase of $1.1 million, or 44.9%, from September 30, 2025, primarily due to an increase in nonaccrual and past due loans. The ratio of NPAs to assets was 0.11% and 0.08% as of December 31, 2025 and September 30, 2025, respectively.

The provision for credit losses for the fourth quarter of 2025 was $750,000 for loans, which was $100,000 higher than the provision for credit losses of $650,000 for the prior quarter due to loan growth. As of December 31, 2025, the ACL was $23.4 million. The ratio of ACL to loans HFI was 1.04% as of December 31, 2025 and 1.05% as of September 30, 2025. The net charge-offs to average loans ratio was 0.01% for the fourth quarter of 2025 and 0.00% for the third quarter of 2025.

Deposits

As of December 31, 2025, deposits were $2.96 billion, an increase of $124.6 million, or 4.4%, compared to September 30, 2025. The increase in deposits for the fourth quarter of 2025 was primarily due to the seasonal inflow of funds from public entity customers combined with higher customer deposit balances.

Deposits by Account Type
		December 31, 2025							September 30, 2025							Change from September 30, 2025 to December 31, 2025
(dollars in thousands)		Balance				% of Total			Balance				% of Total			$ Change				% Change
Noninterest-bearing demand deposits		$	913,868			30.8	%		$	918,974			32.4	%		$	(5,106	)		(0.6	%)
Interest-bearing deposits:
Interest-bearing demand deposits			198,724			6.7	%			164,184			5.8	%			34,540			21.0	%
NOW accounts			490,376			16.5	%			407,458			14.3	%			82,918			20.4	%
Money market accounts			580,949			19.6	%			571,562			20.1	%			9,387			1.6	%
Savings accounts			168,889			5.7	%			164,347			5.8	%			4,542			2.8	%
Time deposits less than or equal to $250,000			407,539			13.8	%			413,121			14.6	%			(5,582	)		(1.4	%)
Time deposits greater than $250,000			203,067			6.9	%			199,137			7.0	%			3,930			2.0	%
Total interest-bearing deposits			2,049,544			69.2	%			1,919,809			67.6	%			129,735			6.8	%
Total deposits		$	2,963,412			100.0	%		$	2,838,783			100.0	%		$	124,629			4.4	%

Deposits by Customer Type
		December 31, 2025							September 30, 2025							Change from September 30, 2025 to December 31, 2025
(dollars in thousands)		Balance				% of Total			Balance				% of Total			$ Change				% Change
Consumer		$	1,397,775			47.2	%		$	1,366,716			48.1	%		$	31,059			2.3	%
Commercial			1,270,069			42.8	%			1,248,666			44.0	%			21,403			1.7	%
Public			295,568			10.0	%			223,401			7.9	%			72,167			32.3	%
Total deposits		$	2,963,412			100.0	%		$	2,838,783			100.0	%		$	124,629			4.4	%

Stockholders’ Equity

Total stockholders’ equity as of December 31, 2025, was $365.2 million, compared to $351.3 million as of September 30, 2025. The $13.8 million, or 3.9%, increase in stockholders’ equity during the fourth quarter of 2025 was attributable to $11.4 million of net income, a $3.3 million, net of tax, market adjustment to accumulated other comprehensive loss related to securities, and $112,000 of stock compensation, partially offset by $986,000 in cash dividends related to a $0.15 per share cash dividend that we paid on December 18, 2025.

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 tangible book value per share, tangible common equity to tangible assets, and realized book value per share 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 Covington; Acadiana, which includes the Lafayette MSA; and New Orleans.

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												As of and for the Years Ended
(dollars in thousands, except per share data)		December 31, 2025				September 30, 2025				December 31, 2024				December 31, 2025				December 31, 2024
Net Income		$	11,415			$	10,801			$	9,306			$	42,764			$	34,235
Per Common Share Data:
Earnings per share, basic		$	1.74			$	1.63			$	1.37			$	6.40			$	4.96
Earnings per share, diluted		$	1.73			$	1.63			$	1.37			$	6.38			$	4.95
Book value per share		$	55.52			$	53.42			$	47.18			$	55.52			$	47.18
Tangible book value per share(1)		$	55.29			$	53.18			$	46.95			$	55.29			$	46.95
Realized book value per share(1)		$	62.11			$	60.51			$	56.07			$	62.11			$	56.07
Cash dividends per share		$	0.15			$	0.15			$	0.09			$	0.54			$	0.36
Shares outstanding			6,576,609				6,576,609				6,777,238				6,576,609				6,777,238
Weighted average shares outstanding, basic			6,576,609				6,616,826				6,797,469				6,677,053				6,898,286
Weighted average shares outstanding, diluted			6,604,082				6,640,839				6,816,299				6,705,177				6,918,060
Summary Performance Ratios:
Return on average assets			1.38	%			1.34	%			1.18	%			1.33	%			1.11	%
Return on average equity			12.60	%			12.62	%			11.46	%			12.58	%			11.02	%
Net interest margin			3.46	%			3.38	%			3.04	%			3.33	%			2.91	%
Net interest margin FTE			3.51	%			3.43	%			3.09	%			3.38	%			2.96	%
Efficiency ratio			54.99	%			56.06	%			58.71	%			55.84	%			60.29	%
Loans HFI to deposits ratio			75.88	%			76.55	%			73.97	%			75.88	%			73.97	%
Noninterest-bearing deposits to deposits ratio			30.84	%			32.37	%			30.89	%			30.84	%			30.89	%
Noninterest income to average assets			0.60	%			0.62	%			0.63	%			0.62	%			0.66	%
Operating expense to average assets			2.20	%			2.22	%			2.14	%			2.19	%			2.14	%
Summary Credit Quality Ratios:
NPAs to assets			0.11	%			0.08	%			0.10	%			0.11	%			0.10	%
Nonperforming loans to loans HFI			0.16	%			0.11	%			0.16	%			0.16	%			0.16	%
ACL to loans HFI			1.04	%			1.05	%			1.05	%			1.04	%			1.05	%
Net charge-offs to average loans			0.01	%			0.00	%			0.01	%			0.03	%			0.03	%
Capital Ratios:
Stockholders’ equity to assets			10.90	%			10.93	%			10.15	%			10.90	%			10.15	%
Tangible common equity to tangible assets(1)			10.86	%			10.89	%			10.11	%			10.86	%			10.11	%
Total risk-based capital to risk-weighted assets			18.03	%			18.18	%			18.13	%			18.03	%			18.13	%
Tier I risk-based capital to risk-weighted assets			17.02	%			17.17	%			17.12	%			17.02	%			17.12	%
Common equity Tier I capital to risk-weighted assets			17.02	%			17.17	%			17.12	%			17.02	%			17.12	%
Tier I risk-based capital to average assets			12.21	%			12.17	%			11.86	%			12.21	%			11.86	%
(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)		December 31, 2025				September 30, 2025				June 30, 2025				March 31, 2025				December 31, 2024
ASSETS
Cash and due from banks		$	25,685			$	33,651			$	42,453			$	36,438			$	30,558
Interest-bearing deposits in other banks			187,707				127,404				167,989				215,717				238,417
Securities available-for-sale, at fair value			647,310				636,679				566,981				566,874				550,148
Securities held-to-maturity, at amortized cost			122,619				124,853				127,305				129,686				131,796
Equity securities, at fair value			3,031				3,019				2,990				2,981				2,937
Nonmarketable equity securities			2,407				2,387				2,368				2,349				2,328
Loans held for sale			3,148				3,260				4,711				2,178				2,547
Loans held for investment			2,248,669				2,173,073				2,138,580				2,114,742				2,075,013
Allowance for credit losses			(23,399	)			(22,801	)			(22,222	)			(21,835	)			(21,731	)
Premises and equipment, net			59,270				58,573				58,622				59,034				59,441
Accrued interest receivable			11,131				10,281				10,027				10,553				10,048
Bank-owned life insurance			31,267				31,041				30,817				30,593				30,380
Intangible assets			1,546				1,546				1,546				1,546				1,546
Right-of-use assets			1,487				1,564				2,489				2,611				2,733
Other assets			29,032				29,833				33,436				32,965				33,433
Total Assets		$	3,350,910			$	3,214,363			$	3,168,092			$	3,186,432			$	3,149,594
LIABILITIES
Noninterest-bearing deposits		$	913,868			$	918,974			$	897,997			$	906,540			$	866,496
Interest-bearing deposits			2,049,544				1,919,809				1,912,608				1,919,136				1,938,610
Total Deposits			2,963,412				2,838,783				2,810,605				2,825,676				2,805,106
Accrued interest payable			6,128				6,681				6,242				6,463				7,583
Lease liabilities			1,544				1,623				2,613				2,739				2,864
Accrued expenses and other liabilities			14,676				15,965				13,282				18,238				14,302
Total Liabilities			2,985,760				2,863,052				2,832,742				2,853,116				2,829,855
COMMITMENTS AND CONTINGENCIES			—				—				—				—				—
STOCKHOLDERS’ EQUITY
Preferred stock, no par value			—				—				—				—				—
Common stock, no par value			27,543				27,543				32,896				38,710				38,655
Additional paid-in capital			3,217				3,105				2,992				2,871				2,777
Retained earnings			377,731				367,302				357,488				348,093				338,554
Accumulated other comprehensive income (loss)			(43,341	)			(46,639	)			(58,026	)			(56,358	)			(60,247	)
Total Stockholders’ Equity			365,150				351,311				335,350				333,316				319,739
Total Liabilities and Stockholders’ Equity		$	3,350,910			$	3,214,363			$	3,168,092			$	3,186,432			$	3,149,594

RED RIVER BANCSHARES, INC.
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
		For the Three Months Ended												For the Years Ended
(in thousands)		December 31, 2025				September 30, 2025				December 31, 2024				December 31, 2025				December 31, 2024
INTEREST AND DIVIDEND INCOME
Interest and fees on loans		$	31,664			$	30,612			$	28,285			$	120,047			$	108,969
Interest on securities			5,873				5,425				4,623				21,301				17,089
Interest on deposits in other banks			1,642				2,079				2,699				8,445				11,077
Dividends on stock			20				33				23				93				95
Total Interest and Dividend Income			39,199				38,149				35,630				149,886				137,230
INTEREST EXPENSE
Interest on deposits			10,958				11,263				11,943				44,329				47,936
Total Interest Expense			10,958				11,263				11,943				44,329				47,936
Net Interest Income			28,241				26,886				23,687				105,557				89,294
Provision for credit losses			750				650				300				2,300				1,200
Net Interest Income After Provision for Credit Losses			27,491				26,236				23,387				103,257				88,094
NONINTEREST INCOME
Service charges on deposit accounts			1,430				1,442				1,452				5,591				5,674
Debit card income, net			898				852				960				3,823				3,836
Mortgage loan income			649				652				652				2,398				2,490
Brokerage income			1,287				1,131				924				4,733				3,791
Loan and deposit income			454				393				463				1,724				2,034
Bank-owned life insurance income			226				224				216				887				851
Gain (Loss) on equity securities			13				28				(91	)			94				(28	)
SBIC income (loss)			(197	)			(75	)			346				55				1,453
Other income (loss)			189				378				73				659				340
Total Noninterest Income			4,949				5,025				4,995				19,964				20,441
OPERATING EXPENSES
Personnel expenses			10,954				10,511				9,769				41,704				38,623
Occupancy and equipment expenses			1,749				1,846				1,716				7,143				6,691
Technology expenses			893				831				884				3,378				3,182
Advertising			324				293				313				1,236				1,374
Other business development expenses			584				531				486				2,127				2,076
Data processing expense			713				724				681				2,447				2,331
Other taxes			583				604				547				2,408				2,407
Loan and deposit expenses			315				356				334				1,131				895
Legal and professional expenses			550				605				658				2,399				2,657
Regulatory assessment expenses			439				430				428				1,648				1,654
Other operating expenses			1,147				1,158				1,024				4,474				4,264
Total Operating Expenses			18,251				17,889				16,840				70,095				66,154
Income Before Income Tax Expense			14,189				13,372				11,542				53,126				42,381
Income tax expense			2,774				2,571				2,236				10,362				8,146
Net Income		$	11,415			$	10,801			$	9,306			$	42,764			$	34,235

RED RIVER BANCSHARES, INC.
NET INTEREST INCOME AND NET INTEREST MARGIN (UNAUDITED)
		For the Three Months Ended
		December 31, 2025											September 30, 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)		$	2,214,161			$	31,664			5.60	%		$	2,151,676			$	30,612			5.57	%
Securities - taxable			625,220				4,900			3.13	%			587,806				4,452			3.03	%
Securities - tax-exempt			183,911				973			2.12	%			184,712				973			2.11	%
Interest-bearing deposits in other banks			166,797				1,642			3.85	%			186,144				2,079			4.37	%
Nonmarketable equity securities			2,389				20			3.34	%			2,370				33			5.54	%
Total interest-earning assets			3,192,478			$	39,199			4.82	%			3,112,708			$	38,149			4.81	%
Allowance for credit losses			(23,037	)										(22,416	)
Noninterest-earning assets			120,146											107,647
Total assets		$	3,289,587										$	3,197,939
Liabilities and Stockholders’ Equity
Interest-bearing liabilities:
Interest-bearing transaction deposits		$	1,348,461			$	5,527			1.63	%		$	1,301,285			$	5,764			1.76	%
Time deposits			608,448				5,431			3.54	%			606,373				5,499			3.60	%
Total interest-bearing deposits			1,956,909				10,958			2.22	%			1,907,658				11,263			2.34	%
Other borrowings			—				—			—	%			—				—			—	%
Total interest-bearing liabilities			1,956,909			$	10,958			2.22	%			1,907,658			$	11,263			2.34	%
Noninterest-bearing liabilities:
Noninterest-bearing deposits			947,506											927,503
Accrued interest and other liabilities			25,770											23,278
Total noninterest-bearing liabilities			973,276											950,781
Stockholders’ equity			359,402											339,500
Total liabilities and stockholders’ equity		$	3,289,587										$	3,197,939
Net interest income						$	28,241										$	26,886
Net interest spread										2.60	%										2.47	%
Net interest margin										3.46	%										3.38	%
Net interest margin FTE(3)										3.51	%										3.43	%
Cost of deposits										1.50	%										1.58	%
Cost of funds										1.36	%										1.44	%
(1) Includes average outstanding balances of loans held for sale of $3.3 million and $3.2 million for the three months ended December 31, 2025 and September 30, 2025, respectively. (2) Nonaccrual loans are included as loans carrying a zero yield. (3) Net interest margin FTE includes an FTE adjustment using a 21.0% federal income tax rate on tax-exempt securities and tax-exempt loans.

RED RIVER BANCSHARES, INC.
NET INTEREST INCOME AND NET INTEREST MARGIN (UNAUDITED)
		For the Years Ended
		December 31, 2025											December 31, 2024
(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)		$	2,145,150			$	120,047			5.52	%		$	2,046,339			$	108,969			5.24	%
Securities - taxable			586,645				17,392			2.96	%			554,194				13,098			2.36	%
Securities - tax-exempt			186,379				3,909			2.10	%			193,368				3,991			2.06	%
Interest-bearing deposits in other banks			195,507				8,445			4.26	%			210,959				11,077			5.22	%
Nonmarketable equity securities			2,360				93			3.92	%			2,273				95			4.19	%
Total interest-earning assets			3,116,041			$	149,886			4.76	%			3,007,133			$	137,230			4.50	%
Allowance for credit losses			(22,313	)										(21,646	)
Noninterest-earning assets			110,043											102,951
Total assets		$	3,203,771										$	3,088,438
Liabilities and Stockholders’ Equity
Interest-bearing liabilities:
Interest-bearing transaction deposits		$	1,318,439			$	22,403			1.70	%		$	1,246,528			$	23,082			1.85	%
Time deposits			601,214				21,926			3.65	%			593,817				24,854			4.19	%
Total interest-bearing deposits			1,919,653				44,329			2.31	%			1,840,345				47,936			2.60	%
Other borrowings			—				—			—	%			—				—			—	%
Total interest-bearing liabilities			1,919,653			$	44,329			2.31	%			1,840,345			$	47,936			2.60	%
Noninterest-bearing liabilities:
Noninterest-bearing deposits			920,009											910,507
Accrued interest and other liabilities			24,271											26,884
Total noninterest-bearing liabilities			944,280											937,391
Stockholders’ equity			339,838											310,702
Total liabilities and stockholders’ equity		$	3,203,771										$	3,088,438
Net interest income						$	105,557										$	89,294
Net interest spread										2.45	%										1.90	%
Net interest margin										3.33	%										2.91	%
Net interest margin FTE(3)										3.38	%										2.96	%
Cost of deposits										1.56	%										1.74	%
Cost of funds										1.42	%										1.59	%
(1) Includes average outstanding balances of loans held for sale of $2.9 million and $2.9 million for the years ended December 31, 2025 and 2024, respectively. (2) Nonaccrual loans are included as loans carrying a zero yield. (3) Net interest margin FTE includes an FTE adjustment using a 21.0% federal income tax rate on tax-exempt securities and tax-exempt loans.

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES (UNAUDITED)
(dollars in thousands, except per share data)		December 31, 2025				September 30, 2025				December 31, 2024
Tangible common equity
Total stockholders’ equity		$	365,150			$	351,311			$	319,739
Adjustments:
Intangible assets			(1,546	)			(1,546	)			(1,546	)
Total tangible common equity (non-GAAP)		$	363,604			$	349,765			$	318,193
Realized common equity
Total stockholders’ equity		$	365,150			$	351,311			$	319,739
Adjustments:
Accumulated other comprehensive (income) loss			43,341				46,639				60,247
Total realized common equity (non-GAAP)		$	408,491			$	397,950			$	379,986
Common shares outstanding			6,576,609				6,576,609				6,777,238
Book value per share		$	55.52			$	53.42			$	47.18
Tangible book value per share (non-GAAP)		$	55.29			$	53.18			$	46.95
Realized book value per share (non-GAAP)		$	62.11			$	60.51			$	56.07
Tangible assets
Total assets		$	3,350,910			$	3,214,363			$	3,149,594
Adjustments:
Intangible assets			(1,546	)			(1,546	)			(1,546	)
Total tangible assets (non-GAAP)		$	3,349,364			$	3,212,817			$	3,148,048
Total stockholders’ equity to assets			10.90	%			10.93	%			10.15	%
Tangible common equity to tangible assets (non-GAAP)			10.86	%			10.89	%			10.11	%

FAQ

What were Red River Bancshares (RRBI) fourth-quarter 2025 earnings per share and net income?

RRBI reported Q4 2025 net income of $11.4 million and diluted EPS of $1.73. According to the company, this represented record quarterly net income driven by higher net interest income and loan growth.

How did Red River Bancshares' net interest margin FTE change in Q4 2025 and why does it matter to investors?

Net interest margin FTE increased to 3.51% in Q4 2025, up 8 basis points QoQ. According to the company, higher loan yields, increased securities income, and lower deposit costs drove the improvement, supporting net interest income growth.

What was RRBI's loan and deposit growth in the fourth quarter of 2025?

Loans held for investment rose to $2.25 billion (+3.5% QoQ) and deposits increased to $2.96 billion (+4.4% QoQ). According to the company, seasonal public-entity inflows and robust loan funding contributed to the gains.

What capital actions did Red River Bancshares announce for 2026 and how might they affect shareholders?

The board approved a $10.0 million stock repurchase program for 2026 and paid 2025 dividends totaling $0.54 per share. According to the company, buybacks and dividends aim to return capital and may support EPS.

How did asset quality metrics change at RRBI in Q4 2025 and what should investors watch?

Nonperforming assets rose to $3.5 million (NPA ratio 0.11%) and ACL was $23.4 million (ACL/loans 1.04%). According to the company, NPAs increased due to higher nonaccrual and past-due loans; monitoring credit trends is advised.