Red River Bancshares, Inc. Reports Second Quarter 2025 Financial Results
Red River Bancshares (Nasdaq: RRBI) reported Q2 2025 financial results with net income of $10.2 million, or $1.51 per diluted share, down 1.5% from Q1 2025 but up 27.7% year-over-year. The company achieved a return on assets of 1.30% and return on equity of 12.27%.
Key highlights include: Net interest margin increased 14 basis points to 3.36%, total assets reached $3.17 billion, and loans held for investment grew 1.1% to $2.14 billion. The company maintained strong asset quality with nonperforming assets at just 0.04% of total assets.
Notable actions include completing a private stock repurchase of 100,000 shares for $5.1 million, repurchasing 11,748 shares on the open market, and announcing a 25% increase in quarterly dividend to $0.15 per share for Q3 2025.
Red River Bancshares (Nasdaq: RRBI) ha comunicato i risultati finanziari del secondo trimestre 2025, con un utile netto di 10,2 milioni di dollari, pari a 1,51 dollari per azione diluita, in calo dell'1,5% rispetto al primo trimestre 2025 ma in aumento del 27,7% su base annua. La società ha registrato un rendimento degli attivi dell'1,30% e un rendimento del capitale proprio del 12,27%.
I punti salienti includono: un margine di interesse netto aumentato di 14 punti base, raggiungendo il 3,36%, un totale attivi pari a 3,17 miliardi di dollari e un incremento dell'1,1% dei prestiti detenuti per investimento, arrivati a 2,14 miliardi di dollari. La qualità degli attivi è rimasta solida, con attività non performanti pari a solo lo 0,04% del totale degli attivi.
Tra le azioni rilevanti, la società ha completato un riacquisto privato di 100.000 azioni per 5,1 milioni di dollari, ha riacquistato 11.748 azioni sul mercato aperto e ha annunciato un aumento del 25% del dividendo trimestrale, portandolo a 0,15 dollari per azione per il terzo trimestre 2025.
Red River Bancshares (Nasdaq: RRBI) informó sus resultados financieros del segundo trimestre de 2025 con un ingreso neto de 10,2 millones de dólares, o 1,51 dólares por acción diluida, una disminución del 1,5% respecto al primer trimestre de 2025 pero un aumento del 27,7% interanual. La compañía logró un rendimiento sobre activos del 1,30% y un rendimiento sobre el capital del 12,27%.
Aspectos destacados incluyen: un margen de interés neto que aumentó 14 puntos básicos hasta 3,36%, activos totales que alcanzaron 3,17 mil millones de dólares, y préstamos mantenidos para inversión que crecieron un 1,1% hasta 2,14 mil millones de dólares. La empresa mantuvo una sólida calidad de activos con activos no productivos en solo el 0,04% del total de activos.
Acciones notables incluyen la finalización de una compra privada de 100,000 acciones por 5,1 millones de dólares, la recompra de 11,748 acciones en el mercado abierto, y el anuncio de un aumento del 25% en el dividendo trimestral a 0,15 dólares por acción para el tercer trimestre de 2025.
Red River Bancshares (나스닥: RRBI)는 2025년 2분기 재무 실적을 발표하며 순이익이 1,020만 달러, 희석 주당 순이익은 1.51달러로 2025년 1분기 대비 1.5% 감소했으나 전년 동기 대비 27.7% 증가했습니다. 회사는 자산수익률 1.30%, 자기자본이익률 12.27%를 기록했습니다.
주요 내용으로는 순이자마진이 14bp 상승하여 3.36%에 도달했으며, 총자산은 31.7억 달러, 투자용 대출은 1.1% 증가한 21.4억 달러를 기록했습니다. 비수익자산 비율은 전체 자산의 0.04%로 우수한 자산 품질을 유지했습니다.
주요 조치로는 100,000주 규모의 비공개 주식 재매입을 510만 달러에 완료했으며, 공개 시장에서 11,748주를 추가로 매입했고 2025년 3분기 분기 배당금을 주당 0.15달러로 25% 인상한다고 발표했습니다.
Red River Bancshares (Nasdaq : RRBI) a publié ses résultats financiers du deuxième trimestre 2025 avec un bénéfice net de 10,2 millions de dollars, soit 1,51 dollar par action diluée, en baisse de 1,5 % par rapport au premier trimestre 2025 mais en hausse de 27,7 % en glissement annuel. La société a réalisé un rendement des actifs de 1,30 % et un rendement des capitaux propres de 12,27 %.
Les points clés comprennent : une marge d'intérêt nette en hausse de 14 points de base à 3,36 %, un total d'actifs atteignant 3,17 milliards de dollars, et des prêts détenus à des fins d'investissement en hausse de 1,1 % à 2,14 milliards de dollars. La société a maintenu une qualité d'actifs solide avec des actifs non performants représentant seulement 0,04 % du total des actifs.
Parmi les actions notables, la société a réalisé un rachat privé de 100 000 actions pour 5,1 millions de dollars, racheté 11 748 actions sur le marché ouvert, et annoncé une augmentation de 25 % du dividende trimestriel à 0,15 dollar par action pour le troisième trimestre 2025.
Red River Bancshares (Nasdaq: RRBI) meldete die Finanzergebnisse für das zweite Quartal 2025 mit einem Nettogewinn von 10,2 Millionen US-Dollar bzw. 1,51 US-Dollar pro verwässerter Aktie, was einem Rückgang von 1,5 % gegenüber dem ersten Quartal 2025, aber einem Anstieg von 27,7 % im Jahresvergleich entspricht. Das Unternehmen erzielte eine Eigenkapitalrendite von 12,27 % und eine Gesamtkapitalrendite von 1,30 %.
Wesentliche Highlights sind: die Nettozinsmarge stieg um 14 Basispunkte auf 3,36 %, die Gesamtaktiva erreichten 3,17 Milliarden US-Dollar und die Kredite im Anlageportfolio wuchsen um 1,1 % auf 2,14 Milliarden US-Dollar. Das Unternehmen hielt eine starke Vermögensqualität mit notleidenden Vermögenswerten von nur 0,04 % der Gesamtaktiva aufrecht.
Bemerkenswerte Maßnahmen umfassen den Abschluss eines privaten Aktienrückkaufs von 100.000 Aktien für 5,1 Millionen US-Dollar, den Rückkauf von 11.748 Aktien am offenen Markt und die Ankündigung einer 25%igen Erhöhung der Quartalsdividende auf 0,15 US-Dollar pro Aktie für das dritte Quartal 2025.
- Net interest margin increased 14 basis points to 3.36%
- Net income increased 27.7% year-over-year to $10.2 million
- Strong asset quality with nonperforming assets at only 0.04% of total assets
- 25% increase in quarterly dividend from $0.12 to $0.15 per share
- Steady loan growth of 1.1% quarter-over-quarter
- No borrowings, brokered deposits, or internet-sourced deposits
- Net income decreased 1.5% quarter-over-quarter
- Noninterest income declined 10.5% to $4.7 million
- Operating expenses increased 4.7% to $17.4 million
- Total deposits decreased by $15.1 million (0.5%)
- Brokerage income decreased 25.4% to $989,000
Insights
RRBI delivered solid Q2 2025 with improved net interest margin, steady loan growth, and significant stock repurchase activity.
Red River Bancshares reported Q2 2025 net income of
The net interest margin improved for the seventh consecutive quarter, reaching
On the balance sheet front, loans held for investment grew
Capital management was a highlight with the completion of a significant private stock repurchase of 100,000 shares at
Asset quality remains exceptional with nonperforming assets at just
Management commentary suggests modest caution regarding economic uncertainties related to trade and tariffs, noting a slight reduction in loan demand and more cautious business sentiment. However, the bank's consistent relationship-based approach and expansion of its banking team position it well for continued growth.
ALEXANDRIA, La., July 30, 2025 (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 second quarter of 2025.
Net income for the second quarter of 2025 was
Net income for the six months ended June 30, 2025, was
Second Quarter 2025 Performance and Operational Highlights
In the second quarter of 2025, the Company had an improved net interest margin and steady loan growth, which resulted in higher net interest income. We completed a significant private stock repurchase transaction, which complemented our public stock repurchase program activity. Also, in the second quarter, we revised our credit card program.
- Net income for the second quarter of 2025 was
$10.2 million , which was$156,000 , or1.5% , lower than the first quarter. Net income for the second quarter was impacted by a$1.2 million increase in net interest income, which was offset by a$554,000 decrease in noninterest income, along with an expected$779,000 increase in operating expenses. Net income for the first quarter benefited from approximately$620,000 of periodic items that reduced operating expenses. - Net interest income and net interest margin fully taxable equivalent (“FTE”) increased for the second quarter of 2025 compared to the prior quarter. Net interest income for the second quarter of 2025 was
$25.8 million , which was$1.2 million , or4.9% , higher than the prior quarter. Net interest margin FTE increased 14 basis points (“bp(s)”) to3.36% for the second quarter of 2025, compared to3.22% for the prior quarter. These improvements were the result of higher securities and loan yields and a lower cost of deposits, along with an improved asset mix. - As of June 30, 2025, assets were
$3.17 billion , which was$18.3 million , or0.6% , lower than March 31, 2025. This slight decrease was mainly due to a$15.1 million decrease in deposits. - Deposits totaled
$2.81 billion as of June 30, 2025, a decrease of$15.1 million , or0.5% , compared to$2.83 billion as of March 31, 2025. In the second quarter of 2025, deposit activity was normal and included the seasonal outflow of funds for income tax payments. - As of June 30, 2025, loans held for investment (“HFI”) were
$2.14 billion , which was$23.8 million , or1.1% , higher than$2.11 billion as of March 31, 2025. In the second quarter of 2025, we had steady new loan closing activity, combined with funding of loan construction commitments. - As of June 30, 2025, total securities were
$697.3 million , which was fairly consistent with$699.5 million as of March 31, 2025. We were able to reinvest the cash flows of maturing securities into securities with higher yields. - As of June 30, 2025, liquid assets, which are cash and cash equivalents, were
$210.4 million , and the liquid assets to assets ratio was6.64% . We do not have any borrowings, brokered deposits, or internet-sourced deposits. - As of June 30, 2025, nonperforming assets (“NPA(s)”) were
$1.3 million , or0.04% of assets, and the allowance for credit losses (“ACL”) was$22.2 million , or1.04% of loans HFI. - We paid a quarterly cash dividend of
$0.12 per common share in the second quarter of 2025. - The 2025 stock repurchase program authorizes us to purchase up to
$5.0 million of our outstanding shares of common stock from January 1, 2025 through December 31, 2025. No shares were repurchased in the first quarter of 2025. In the second quarter of 2025, we repurchased 11,748 shares on the open market at an aggregate cost of$656,000 , excluding excise tax. As of June 30, 2025, the 2025 stock repurchase program had$4.3 million of available capacity. - On May 22, 2025, we entered into a privately negotiated stock repurchase agreement for the repurchase of 100,000 shares of our common stock at a purchase price of
$5.1 million , excluding excise tax. This repurchase was supplemental to our 2025 stock repurchase program. - In the second quarter of 2025, we changed our credit card program provider to align with our debit card program provider.
- On July 24, 2025, our board of directors announced that the cash dividend for the third quarter of 2025 will be
$0.15 per common share, which is a25.0% increase from$0.12 per common share paid for each of the first and second quarters of 2025.
Blake Chatelain, President and Chief Executive Officer, stated, “The second quarter of 2025 was one of solid, consistent performance driven by continued net interest margin expansion and solid loan growth. Additionally, we had significant stock buyback activity focused on driving shareholder value and managing capital levels.
“Our net interest margin FTE increased for the seventh consecutive quarter to
“Loan growth remained steady, although at a slower pace than in the first quarter. Uncertainty related to trade, tariffs, and macroeconomic matters has slightly reduced loan demand. We are closely monitoring the economic environment and forecasted interest rates. Small business sentiment seems to be slightly more cautious than it was in the first quarter; however, overall our customers’ financial performance does not appear to be impacted by trade and tariff concerns and our asset quality remains solid.
“Customers are seeking banking relationships with knowledgeable, responsive bankers and a bank that is committed to consistent, relationship-based banking principles. In order to grow market share and attract new customers, we have added new experienced bankers to our team.
“As we enter the second half of 2025, we are focused on expanding the Red River Bank banking center network and team, evaluating expansion opportunities, providing personalized banking services to our customers, and welcoming new banking relationships. We are well positioned to provide solid profitability and returns for our shareholders.”
Net Interest Income and Net Interest Margin FTE
Net interest income and net interest margin FTE increased in the second quarter of 2025 compared to the prior quarter. These measures were both impacted by higher securities and loan yields and a lower cost of deposits, combined with an improved asset mix.
Net interest income for the second quarter of 2025 was
The net interest margin FTE increased 14 bps to
The Federal Open Market Committee (“FOMC”) kept the federal funds rate consistent in the first half of 2025, with the target federal funds range remaining at
Provision for Credit Losses
The provision for credit losses for the second quarter of 2025 was
Noninterest Income
Noninterest income totaled
Brokerage income was
SBIC income was
Operating Expenses
Operating expenses totaled
Data processing expense totaled
Loan and deposit expenses totaled
Personnel expenses totaled
Asset Overview
As of June 30, 2025, assets were
Securities
Total securities as of June 30, 2025, were
The estimated fair value of securities available-for-sale (“AFS”) totaled
Equity securities, which is an investment in a CRA mutual fund consisting primarily of bonds, totaled
Loans
Loans HFI as of June 30, 2025, were
| Loans HFI by Category | ||||||||||||||||||
| June 30, 2025 | March 31, 2025 | Change from March 31, 2025 to June 30, 2025 | ||||||||||||||||
| (dollars in thousands) | Amount | Percent | Amount | Percent | $ Change | % Change | ||||||||||||
| Real estate: | ||||||||||||||||||
| Commercial real estate | $ | 883,586 | 41.3 | % | $ | 892,205 | 42.2 | % | $ | (8,619 | ) | (1.0 | %) | |||||
| One-to-four family residential | 623,477 | 29.2 | % | 617,679 | 29.2 | % | 5,798 | 0.9 | % | |||||||||
| Construction and development | 194,195 | 9.1 | % | 175,575 | 8.3 | % | 18,620 | 10.6 | % | |||||||||
| Commercial and industrial | 348,917 | 16.3 | % | 339,115 | 16.0 | % | 9,802 | 2.9 | % | |||||||||
| Tax-exempt | 60,524 | 2.8 | % | 61,722 | 2.9 | % | (1,198 | ) | (1.9 | %) | ||||||||
| Consumer | 27,881 | 1.3 | % | 28,446 | 1.4 | % | (565 | ) | (2.0 | %) | ||||||||
| Total loans HFI | $ | 2,138,580 | 100.0 | % | $ | 2,114,742 | 100.0 | % | $ | 23,838 | 1.1 | % | ||||||
Commercial real estate (“CRE”) loans are collateralized by owner occupied and non-owner occupied properties mainly in Louisiana. Non-owner occupied office loans were
Health care loans are our largest industry concentration and are made up of a diversified portfolio of health care providers. As of June 30, 2025, total health care loans were
Asset Quality and Allowance for Credit Losses
NPAs totaled
As of June 30, 2025, the ACL was
Deposits
As of June 30, 2025, deposits were
| Deposits by Account Type | ||||||||||||||||||
| June 30, 2025 | March 31, 2025 | Change from March 31, 2025 to June 30, 2025 | ||||||||||||||||
| (dollars in thousands) | Balance | % of Total | Balance | % of Total | $ Change | % Change | ||||||||||||
| Noninterest-bearing demand deposits | $ | 897,997 | 32.0 | % | $ | 906,540 | 32.1 | % | $ | (8,543 | ) | (0.9 | %) | |||||
| Interest-bearing deposits: | ||||||||||||||||||
| Interest-bearing demand deposits | 154,870 | 5.5 | % | 147,343 | 5.2 | % | 7,527 | 5.1 | % | |||||||||
| NOW accounts | 416,459 | 14.8 | % | 432,054 | 15.3 | % | (15,595 | ) | (3.6 | %) | ||||||||
| Money market accounts | 568,839 | 20.2 | % | 569,613 | 20.2 | % | (774 | ) | (0.1 | %) | ||||||||
| Savings accounts | 172,454 | 6.2 | % | 175,239 | 6.2 | % | (2,785 | ) | (1.6 | %) | ||||||||
| Time deposits less than or equal to | 408,171 | 14.5 | % | 403,354 | 14.2 | % | 4,817 | 1.2 | % | |||||||||
| Time deposits greater than | 191,815 | 6.8 | % | 191,533 | 6.8 | % | 282 | 0.1 | % | |||||||||
| Total interest-bearing deposits | 1,912,608 | 68.0 | % | 1,919,136 | 67.9 | % | (6,528 | ) | (0.3 | %) | ||||||||
| Total deposits | $ | 2,810,605 | 100.0 | % | $ | 2,825,676 | 100.0 | % | $ | (15,071 | ) | (0.5 | %) | |||||
| Deposits by Customer Type | ||||||||||||||||||
| June 30, 2025 | March 31, 2025 | Change from March 31, 2025 to June 30, 2025 | ||||||||||||||||
| (dollars in thousands) | Balance | % of Total | Balance | % of Total | $ Change | % Change | ||||||||||||
| Consumer | $ | 1,361,818 | 48.5 | % | $ | 1,388,944 | 49.1 | % | $ | (27,126 | ) | (2.0 | %) | |||||
| Commercial | 1,223,822 | 43.5 | % | 1,200,367 | 42.5 | % | 23,455 | 2.0 | % | |||||||||
| Public | 224,965 | 8.0 | % | 236,365 | 8.4 | % | (11,400 | ) | (4.8 | %) | ||||||||
| Total deposits | $ | 2,810,605 | 100.0 | % | $ | 2,825,676 | 100.0 | % | $ | (15,071 | ) | (0.5 | %) | |||||
The decrease in deposits in the second quarter of 2025 was mainly due to the seasonal outflow of funds for income tax payments.
The Bank has a granular, diverse deposit portfolio with customers in a variety of industries throughout Louisiana. As of June 30, 2025, the average deposit account size was approximately
As of June 30, 2025, our estimated uninsured deposits, which are the portion of deposit accounts that exceed the FDIC insurance limit (currently
Stockholders’ Equity
Total stockholders’ equity as of June 30, 2025, 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 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 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
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 Six Months Ended | |||||||||||||||||||
| (dollars in thousands, except per share data) | June 30, 2025 | March 31, 2025 | June 30, 2024 | June 30, 2025 | June 30, 2024 | |||||||||||||||
| Net Income | $ | 10,196 | $ | 10,352 | $ | 7,987 | $ | 20,548 | $ | 16,175 | ||||||||||
| Per Common Share Data: | ||||||||||||||||||||
| Earnings per share, basic | $ | 1.51 | $ | 1.53 | $ | 1.16 | $ | 3.04 | $ | 2.32 | ||||||||||
| Earnings per share, diluted | $ | 1.51 | $ | 1.52 | $ | 1.16 | $ | 3.03 | $ | 2.31 | ||||||||||
| Book value per share | $ | 50.23 | $ | 49.18 | $ | 44.58 | $ | 50.23 | $ | 44.58 | ||||||||||
| Tangible book value per share(1) | $ | 50.00 | $ | 48.95 | $ | 44.35 | $ | 50.00 | $ | 44.35 | ||||||||||
| Realized book value per share(1) | $ | 58.92 | $ | 57.49 | $ | 53.54 | $ | 58.92 | $ | 53.54 | ||||||||||
| Cash dividends per share | $ | 0.12 | $ | 0.12 | $ | 0.09 | $ | 0.24 | $ | 0.18 | ||||||||||
| Shares outstanding | 6,676,609 | 6,777,657 | 6,886,928 | 6,676,609 | 6,886,928 | |||||||||||||||
| Weighted average shares outstanding, basic | 6,740,312 | 6,777,332 | 6,896,030 | 6,758,720 | 6,973,039 | |||||||||||||||
| Weighted average shares outstanding, diluted | 6,764,886 | 6,796,707 | 6,914,140 | 6,783,575 | 6,991,618 | |||||||||||||||
| Summary Performance Ratios: | ||||||||||||||||||||
| Return on average assets | 1.30 | % | 1.32 | % | 1.05 | % | 1.31 | % | 1.06 | % | ||||||||||
| Return on average equity | 12.27 | % | 12.85 | % | 10.69 | % | 12.55 | % | 10.73 | % | ||||||||||
| Net interest margin | 3.31 | % | 3.17 | % | 2.87 | % | 3.24 | % | 2.83 | % | ||||||||||
| Net interest margin FTE | 3.36 | % | 3.22 | % | 2.92 | % | 3.29 | % | 2.89 | % | ||||||||||
| Efficiency ratio | 56.87 | % | 55.51 | % | 62.07 | % | 56.20 | % | 61.23 | % | ||||||||||
| Loans HFI to deposits ratio | 76.09 | % | 74.84 | % | 75.38 | % | 76.09 | % | 75.38 | % | ||||||||||
| Noninterest-bearing deposits to deposits ratio | 31.95 | % | 32.08 | % | 32.87 | % | 31.95 | % | 32.87 | % | ||||||||||
| Noninterest income to average assets | 0.60 | % | 0.67 | % | 0.67 | % | 0.64 | % | 0.66 | % | ||||||||||
| Operating expense to average assets | 2.21 | % | 2.12 | % | 2.19 | % | 2.16 | % | 2.13 | % | ||||||||||
| Summary Credit Quality Ratios: | ||||||||||||||||||||
| NPAs to assets | 0.04 | % | 0.16 | % | 0.11 | % | 0.04 | % | 0.11 | % | ||||||||||
| Nonperforming loans to loans HFI | 0.05 | % | 0.24 | % | 0.16 | % | 0.05 | % | 0.16 | % | ||||||||||
| ACL to loans HFI | 1.04 | % | 1.03 | % | 1.06 | % | 1.04 | % | 1.06 | % | ||||||||||
| Net charge-offs to average loans | 0.00 | % | 0.02 | % | 0.01 | % | 0.02 | % | 0.02 | % | ||||||||||
| Capital Ratios: | ||||||||||||||||||||
| Stockholders’ equity to assets | 10.59 | % | 10.46 | % | 10.07 | % | 10.59 | % | 10.07 | % | ||||||||||
| Tangible common equity to tangible assets(1) | 10.54 | % | 10.42 | % | 10.02 | % | 10.54 | % | 10.02 | % | ||||||||||
| Total risk-based capital to risk-weighted assets | 18.33 | % | 18.25 | % | 18.01 | % | 18.33 | % | 18.01 | % | ||||||||||
| Tier I risk-based capital to risk-weighted assets | 17.32 | % | 17.25 | % | 16.99 | % | 17.32 | % | 16.99 | % | ||||||||||
| Common equity Tier I capital to risk-weighted assets | 17.32 | % | 17.25 | % | 16.99 | % | 17.32 | % | 16.99 | % | ||||||||||
| Tier I risk-based capital to average assets | 12.18 | % | 12.01 | % | 11.74 | % | 12.18 | % | 11.74 | % | ||||||||||
(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) | June 30, 2025 | March 31, 2025 | December 31, 2024 | September 30, 2024 | June 30, 2024 | ||||||||||||||
| ASSETS | |||||||||||||||||||
| Cash and due from banks | $ | 42,453 | $ | 36,438 | $ | 30,558 | $ | 39,664 | $ | 35,035 | |||||||||
| Interest-bearing deposits in other banks | 167,989 | 215,717 | 238,417 | 192,983 | 178,038 | ||||||||||||||
| Securities available-for-sale, at fair value | 566,981 | 566,874 | 550,148 | 560,555 | 526,890 | ||||||||||||||
| Securities held-to-maturity, at amortized cost | 127,305 | 129,686 | 131,796 | 134,145 | 136,824 | ||||||||||||||
| Equity securities, at fair value | 2,990 | 2,981 | 2,937 | 3,028 | 2,921 | ||||||||||||||
| Nonmarketable equity securities | 2,368 | 2,349 | 2,328 | 2,305 | 2,283 | ||||||||||||||
| Loans held for sale | 4,711 | 2,178 | 2,547 | 1,805 | 3,878 | ||||||||||||||
| Loans held for investment | 2,138,580 | 2,114,742 | 2,075,013 | 2,056,048 | 2,047,890 | ||||||||||||||
| Allowance for credit losses | (22,222 | ) | (21,835 | ) | (21,731 | ) | (21,757 | ) | (21,627 | ) | |||||||||
| Premises and equipment, net | 58,622 | 59,034 | 59,441 | 57,661 | 57,910 | ||||||||||||||
| Accrued interest receivable | 10,027 | 10,553 | 10,048 | 9,465 | 9,570 | ||||||||||||||
| Bank-owned life insurance | 30,817 | 30,593 | 30,380 | 30,164 | 29,947 | ||||||||||||||
| Intangible assets | 1,546 | 1,546 | 1,546 | 1,546 | 1,546 | ||||||||||||||
| Right-of-use assets | 2,489 | 2,611 | 2,733 | 2,853 | 2,973 | ||||||||||||||
| Other assets | 33,436 | 32,965 | 33,433 | 31,285 | 34,450 | ||||||||||||||
| Total Assets | $ | 3,168,092 | $ | 3,186,432 | $ | 3,149,594 | $ | 3,101,750 | $ | 3,048,528 | |||||||||
| LIABILITIES | |||||||||||||||||||
| Noninterest-bearing deposits | $ | 897,997 | $ | 906,540 | $ | 866,496 | $ | 882,394 | $ | 892,942 | |||||||||
| Interest-bearing deposits | 1,912,608 | 1,919,136 | 1,938,610 | 1,864,731 | 1,823,704 | ||||||||||||||
| Total Deposits | 2,810,605 | 2,825,676 | 2,805,106 | 2,747,125 | 2,716,646 | ||||||||||||||
| Accrued interest payable | 6,242 | 6,463 | 7,583 | 11,751 | 8,747 | ||||||||||||||
| Lease liabilities | 2,613 | 2,739 | 2,864 | 2,982 | 3,100 | ||||||||||||||
| Accrued expenses and other liabilities | 13,282 | 18,238 | 14,302 | 15,574 | 13,045 | ||||||||||||||
| Total Liabilities | 2,832,742 | 2,853,116 | 2,829,855 | 2,777,432 | 2,741,538 | ||||||||||||||
| COMMITMENTS AND CONTINGENCIES | — | — | — | — | — | ||||||||||||||
| STOCKHOLDERS’ EQUITY | |||||||||||||||||||
| Preferred stock, no par value | — | — | — | — | — | ||||||||||||||
| Common stock, no par value | 32,896 | 38,710 | 38,655 | 41,402 | 44,413 | ||||||||||||||
| Additional paid-in capital | 2,992 | 2,871 | 2,777 | 2,682 | 2,590 | ||||||||||||||
| Retained earnings | 357,488 | 348,093 | 338,554 | 329,858 | 321,719 | ||||||||||||||
| Accumulated other comprehensive income (loss) | (58,026 | ) | (56,358 | ) | (60,247 | ) | (49,624 | ) | (61,732 | ) | |||||||||
| Total Stockholders’ Equity | 335,350 | 333,316 | 319,739 | 324,318 | 306,990 | ||||||||||||||
| Total Liabilities and Stockholders’ Equity | $ | 3,168,092 | $ | 3,186,432 | $ | 3,149,594 | $ | 3,101,750 | $ | 3,048,528 | |||||||||
| RED RIVER BANCSHARES, INC. | |||||||||||||||||
| CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) | |||||||||||||||||
| For the Three Months Ended | For the Six Months Ended | ||||||||||||||||
| (in thousands) | June 30, 2025 | March 31, 2025 | June 30, 2024 | June 30, 2025 | June 30, 2024 | ||||||||||||
| INTEREST AND DIVIDEND INCOME | |||||||||||||||||
| Interest and fees on loans | $ | 29,500 | $ | 28,270 | $ | 26,882 | $ | 57,771 | $ | 52,775 | |||||||
| Interest on securities | 5,148 | 4,856 | 4,068 | 10,003 | 8,132 | ||||||||||||
| Interest on deposits in other banks | 2,063 | 2,661 | 2,709 | 4,724 | 5,748 | ||||||||||||
| Dividends on stock | 19 | 21 | 22 | 40 | 44 | ||||||||||||
| Total Interest and Dividend Income | 36,730 | 35,808 | 33,681 | 72,538 | 66,699 | ||||||||||||
| INTEREST EXPENSE | |||||||||||||||||
| Interest on deposits | 10,911 | 11,198 | 11,894 | 22,109 | 23,549 | ||||||||||||
| Total Interest Expense | 10,911 | 11,198 | 11,894 | 22,109 | 23,549 | ||||||||||||
| Net Interest Income | 25,819 | 24,610 | 21,787 | 50,429 | 43,150 | ||||||||||||
| Provision for credit losses | 450 | 450 | 300 | 900 | 600 | ||||||||||||
| Net Interest Income After Provision for Credit Losses | 25,369 | 24,160 | 21,487 | 49,529 | 42,550 | ||||||||||||
| NONINTEREST INCOME | |||||||||||||||||
| Service charges on deposit accounts | 1,337 | 1,383 | 1,367 | 2,719 | 2,735 | ||||||||||||
| Debit card income, net | 1,081 | 992 | 949 | 2,074 | 1,971 | ||||||||||||
| Mortgage loan income | 567 | 530 | 650 | 1,097 | 1,106 | ||||||||||||
| Brokerage income | 989 | 1,325 | 893 | 2,314 | 1,880 | ||||||||||||
| Loan and deposit income | 418 | 459 | 492 | 877 | 984 | ||||||||||||
| Bank-owned life insurance income | 224 | 213 | 216 | 437 | 418 | ||||||||||||
| Gain (Loss) on equity securities | 9 | 44 | (13 | ) | 53 | (44 | ) | ||||||||||
| SBIC income | 47 | 280 | 454 | 327 | 806 | ||||||||||||
| Other income (loss) | 46 | 46 | 90 | 92 | 170 | ||||||||||||
| Total Noninterest Income | 4,718 | 5,272 | 5,098 | 9,990 | 10,026 | ||||||||||||
| OPERATING EXPENSES | |||||||||||||||||
| Personnel expenses | 10,216 | 10,023 | 9,603 | 20,239 | 19,154 | ||||||||||||
| Occupancy and equipment expenses | 1,753 | 1,794 | 1,698 | 3,548 | 3,314 | ||||||||||||
| Technology expenses | 821 | 835 | 724 | 1,655 | 1,433 | ||||||||||||
| Advertising | 286 | 333 | 408 | 619 | 745 | ||||||||||||
| Other business development expenses | 455 | 558 | 593 | 1,013 | 1,068 | ||||||||||||
| Data processing expense | 721 | 288 | 651 | 1,009 | 998 | ||||||||||||
| Other taxes | 609 | 612 | 500 | 1,221 | 1,237 | ||||||||||||
| Loan and deposit expenses | 398 | 62 | 309 | 460 | 267 | ||||||||||||
| Legal and professional expenses | 612 | 632 | 729 | 1,244 | 1,347 | ||||||||||||
| Regulatory assessment expenses | 388 | 391 | 401 | 779 | 805 | ||||||||||||
| Other operating expenses | 1,108 | 1,060 | 1,073 | 2,168 | 2,194 | ||||||||||||
| Total Operating Expenses | 17,367 | 16,588 | 16,689 | 33,955 | 32,562 | ||||||||||||
| Income Before Income Tax Expense | 12,720 | 12,844 | 9,896 | 25,564 | 20,014 | ||||||||||||
| Income tax expense | 2,524 | 2,492 | 1,909 | 5,016 | 3,839 | ||||||||||||
| Net Income | $ | 10,196 | $ | 10,352 | $ | 7,987 | $ | 20,548 | $ | 16,175 | |||||||
| RED RIVER BANCSHARES, INC. | |||||||||||||||||||
| NET INTEREST INCOME AND NET INTEREST MARGIN (UNAUDITED) | |||||||||||||||||||
| For the Three Months Ended | |||||||||||||||||||
| June 30, 2025 | 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) | $ | 2,123,613 | $ | 29,500 | 5.50 | % | $ | 2,089,712 | $ | 28,270 | 5.41 | % | |||||||
| Securities - taxable | 573,069 | 4,169 | 2.91 | % | 559,752 | 3,871 | 2.77 | % | |||||||||||
| Securities - tax-exempt | 187,245 | 979 | 2.09 | % | 189,729 | 985 | 2.08 | % | |||||||||||
| Interest-bearing deposits in other banks | 186,283 | 2,063 | 4.38 | % | 243,751 | 2,661 | 4.37 | % | |||||||||||
| Nonmarketable equity securities | 2,351 | 19 | 3.25 | % | 2,330 | 21 | 3.56 | % | |||||||||||
| Total interest-earning assets | 3,072,561 | $ | 36,730 | 4.74 | % | 3,085,274 | $ | 35,808 | 4.64 | % | |||||||||
| Allowance for credit losses | (21,994 | ) | (21,789 | ) | |||||||||||||||
| Noninterest-earning assets | 104,969 | 107,295 | |||||||||||||||||
| Total assets | $ | 3,155,536 | $ | 3,170,780 | |||||||||||||||
| Liabilities and Stockholders’ Equity | |||||||||||||||||||
| Interest-bearing liabilities: | |||||||||||||||||||
| Interest-bearing transaction deposits | $ | 1,282,240 | $ | 5,472 | 1.71 | % | $ | 1,341,885 | $ | 5,641 | 1.70 | % | |||||||
| Time deposits | 597,433 | 5,439 | 3.65 | % | 592,368 | 5,557 | 3.80 | % | |||||||||||
| Total interest-bearing deposits | 1,879,673 | 10,911 | 2.33 | % | 1,934,253 | 11,198 | 2.35 | % | |||||||||||
| Other borrowings | — | — | — | % | — | — | — | % | |||||||||||
| Total interest-bearing liabilities | 1,879,673 | $ | 10,911 | 2.33 | % | 1,934,253 | $ | 11,198 | 2.35 | % | |||||||||
| Noninterest-bearing liabilities: | |||||||||||||||||||
| Noninterest-bearing deposits | 919,770 | 884,484 | |||||||||||||||||
| Accrued interest and other liabilities | 22,706 | 25,336 | |||||||||||||||||
| Total noninterest-bearing liabilities | 942,476 | 909,820 | |||||||||||||||||
| Stockholders’ equity | 333,387 | 326,707 | |||||||||||||||||
| Total liabilities and stockholders’ equity | $ | 3,155,536 | $ | 3,170,780 | |||||||||||||||
| Net interest income | $ | 25,819 | $ | 24,610 | |||||||||||||||
| Net interest spread | 2.41 | % | 2.29 | % | |||||||||||||||
| Net interest margin | 3.31 | % | 3.17 | % | |||||||||||||||
| Net interest margin FTE(3) | 3.36 | % | 3.22 | % | |||||||||||||||
| Cost of deposits | 1.56 | % | 1.61 | % | |||||||||||||||
| Cost of funds | 1.42 | % | 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
| RED RIVER BANCSHARES, INC. | |||||||||||||||||||
| NET INTEREST INCOME AND NET INTEREST MARGIN (UNAUDITED) | |||||||||||||||||||
| For the Six Months Ended | |||||||||||||||||||
| June 30, 2025 | June 30, 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) | $ | 2,106,756 | $ | 57,771 | 5.46 | % | $ | 2,028,833 | $ | 52,775 | 5.15 | % | |||||||
| Securities - taxable | 566,448 | 8,040 | 2.84 | % | 558,032 | 6,117 | 2.19 | % | |||||||||||
| Securities - tax-exempt | 188,480 | 1,963 | 2.08 | % | 195,886 | 2,015 | 2.06 | % | |||||||||||
| Interest-bearing deposits in other banks | 214,858 | 4,724 | 4.38 | % | 211,985 | 5,748 | 5.42 | % | |||||||||||
| Nonmarketable equity securities | 2,340 | 40 | 3.41 | % | 2,251 | 44 | 3.94 | % | |||||||||||
| Total interest-earning assets | 3,078,882 | $ | 72,538 | 4.69 | % | 2,996,987 | $ | 66,699 | 4.41 | % | |||||||||
| Allowance for credit losses | (21,892 | ) | (21,528 | ) | |||||||||||||||
| Noninterest-earning assets | 106,126 | 98,559 | |||||||||||||||||
| Total assets | $ | 3,163,116 | $ | 3,074,018 | |||||||||||||||
| Liabilities and Stockholders’ Equity | |||||||||||||||||||
| Interest-bearing liabilities: | |||||||||||||||||||
| Interest-bearing transaction deposits | $ | 1,311,898 | $ | 11,113 | 1.71 | % | $ | 1,245,917 | $ | 11,381 | 1.84 | % | |||||||
| Time deposits | 594,914 | 10,996 | 3.73 | % | 588,984 | 12,168 | 4.15 | % | |||||||||||
| Total interest-bearing deposits | 1,906,812 | 22,109 | 2.34 | % | 1,834,901 | 23,549 | 2.58 | % | |||||||||||
| Other borrowings | — | — | — | % | 1 | — | 4.78 | % | |||||||||||
| Total interest-bearing liabilities | 1,906,812 | $ | 22,109 | 2.34 | % | 1,834,902 | $ | 23,549 | 2.58 | % | |||||||||
| Noninterest-bearing liabilities: | |||||||||||||||||||
| Noninterest-bearing deposits | 902,224 | 911,022 | |||||||||||||||||
| Accrued interest and other liabilities | 24,014 | 24,961 | |||||||||||||||||
| Total noninterest-bearing liabilities | 926,238 | 935,983 | |||||||||||||||||
| Stockholders’ equity | 330,066 | 303,133 | |||||||||||||||||
| Total liabilities and stockholders’ equity | $ | 3,163,116 | $ | 3,074,018 | |||||||||||||||
| Net interest income | $ | 50,429 | $ | 43,150 | |||||||||||||||
| Net interest spread | 2.35 | % | 1.83 | % | |||||||||||||||
| Net interest margin | 3.24 | % | 2.83 | % | |||||||||||||||
| Net interest margin FTE(3) | 3.29 | % | 2.89 | % | |||||||||||||||
| Cost of deposits | 1.59 | % | 1.72 | % | |||||||||||||||
| Cost of funds | 1.45 | % | 1.58 | % | |||||||||||||||
(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) | June 30, 2025 | March 31, 2025 | June 30, 2024 | ||||||||
| Tangible common equity | |||||||||||
| Total stockholders’ equity | $ | 335,350 | $ | 333,316 | $ | 306,990 | |||||
| Adjustments: | |||||||||||
| Intangible assets | (1,546 | ) | (1,546 | ) | (1,546 | ) | |||||
| Total tangible common equity (non-GAAP) | $ | 333,804 | $ | 331,770 | $ | 305,444 | |||||
| Realized common equity | |||||||||||
| Total stockholders’ equity | $ | 335,350 | $ | 333,316 | $ | 306,990 | |||||
| Adjustments: | |||||||||||
| Accumulated other comprehensive (income) loss | 58,026 | 56,358 | 61,732 | ||||||||
| Total realized common equity (non-GAAP) | $ | 393,376 | $ | 389,674 | $ | 368,722 | |||||
| Common shares outstanding | 6,676,609 | 6,777,657 | 6,886,928 | ||||||||
| Book value per share | $ | 50.23 | $ | 49.18 | $ | 44.58 | |||||
| Tangible book value per share (non-GAAP) | $ | 50.00 | $ | 48.95 | $ | 44.35 | |||||
| Realized book value per share (non-GAAP) | $ | 58.92 | $ | 57.49 | $ | 53.54 | |||||
| Tangible assets | |||||||||||
| Total assets | $ | 3,168,092 | $ | 3,186,432 | $ | 3,048,528 | |||||
| Adjustments: | |||||||||||
| Intangible assets | (1,546 | ) | (1,546 | ) | (1,546 | ) | |||||
| Total tangible assets (non-GAAP) | $ | 3,166,546 | $ | 3,184,886 | $ | 3,046,982 | |||||
| Total stockholders’ equity to assets | 10.59 | % | 10.46 | % | 10.07 | % | |||||
| Tangible common equity to tangible assets (non-GAAP) | 10.54 | % | 10.42 | % | 10.02 | % | |||||
FAQ
What was Red River Bancshares (RRBI) earnings per share in Q2 2025?
How much did Red River Bancshares increase its dividend in Q3 2025?
What was RRBI's net interest margin in Q2 2025?
How many shares did Red River Bancshares repurchase in Q2 2025?
What was Red River Bancshares' loan-to-deposit ratio as of June 30, 2025?
