Red River Bancshares, Inc. Reports Second Quarter 2026 Financial Results
Rhea-AI Summary
Red River Bancshares (Nasdaq: RRBI) reported second quarter 2026 net income of $11.8 million, or $1.78 EPS, down 1.7% from Q1 2026 but up 15.4% from Q2 2025. Quarterly ROA was 1.43% and ROE was 12.41%. First-half 2026 net income was $23.7 million, up 15.5% year over year.
Net interest income rose to $29.0 million, with net interest margin FTE expanding 10 bps sequentially to 3.61%, driven by higher loan yields and lower deposit costs. Assets were $3.31 billion, loans HFI $2.26 billion (0.4% linked‑quarter growth), and deposits $2.91 billion, down 1.4% mainly from seasonal tax outflows and lawyer trust fluctuations.
Nonperforming assets fell 38.3% to $2.6 million (0.08% of assets) with zero net charge‑offs, and the ACL stood at $24.8 million (1.09% of loans). Noninterest income increased 4.5% to $4.7 million, while operating expenses rose 6.0% to $18.3 million. The company paid a $0.25 quarterly dividend, maintained $10.0 million of remaining 2026 repurchase authorization, completed key market relocation projects, and was added to the SPDR S&P Regional Banking ETF (KRE).
Positive
- Net income H1 2026 $23.7 million, up 15.5% year over year
- EPS Q2 2026 $1.78, up 15.4% from Q2 2025
- Net interest income $29.0 million, up 2.0% sequentially
- Net interest margin FTE 3.61%, up 10 bps from Q1 2026
- Nonperforming assets down 38.3% to $2.6 million, 0.08% of assets
- Addition to SPDR S&P Regional Banking ETF (KRE) in June 2026
Negative
- Q2 2026 net income $11.8 million, down 1.7% from Q1 2026
- Deposits $2.91 billion, down $40.9 million or 1.4% sequentially
- Operating expenses $18.3 million, up $1.0 million or 6.0% from Q1 2026
- SBIC partnerships loss $291,000 vs. $105,000 prior quarter
- Construction and development loans down $6.5 million or 2.7% from Q1 2026
News Explained
As of
Key Figures
Previous Earnings Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Apr 30 | 1Q26 earnings report | Positive | -2.8% | Record quarterly earnings, dividend increase, and share repurchase authorization preceded a negative reaction. |
| Jan 30 | 4Q25 earnings report | Positive | +6.1% | Record quarterly and annual earnings accompanied by higher margin, loans, deposits, and repurchase authorization. |
| Oct 30 | 3Q25 earnings report | Positive | +2.1% | Higher quarterly earnings, margin expansion, loan growth, and dividend increase accompanied a positive reaction. |
| Jul 30 | 2Q25 earnings report | Positive | -0.7% | Year-over-year earnings growth and margin expansion accompanied a slightly negative reaction. |
| Apr 30 | 1Q25 earnings report | Positive | +2.8% | Earnings, net interest income, margin, assets, deposits, and loans all increased year over year. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Tag-specific earnings history showed three aligned and two divergent reactions, indicating no uniform market response to positive earnings releases.
Key Terms
net interest margin financial
fully taxable equivalent financial
nonperforming assets financial
loans held for investment financial
allowance for credit losses financial
GAAP financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
ALEXANDRIA, La., July 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 second quarter of 2026.
Net income for the second quarter of 2026 was
Net income for the six months ended June 30, 2026, was
Second Quarter 2026 Performance and Operational Highlights
The second quarter of 2026 financial results included an improved net interest margin and net interest income, as well as slightly lower assets and net income. We completed our Northwest market expansion and banking center relocation project. Also, one of our founding directors retired, and we welcomed two new directors to our board.
- Net income for the second quarter of 2026 was
$11.8 million , down$208,000 , or1.7% , from the prior quarter. Net income for the second quarter was impacted by an expected$1.0 million increase in operating expenses, partially offset by a$563,000 increase in net interest income. Net income for the first quarter of 2026 benefited from approximately$590,000 of periodic items that reduced operating expenses. - Net interest income increased
$563,000 , or2.0% , and net interest margin fully taxable equivalent (“FTE”) increased 10 basis points (“bp(s)”) to3.61% for the second quarter of 2026, compared to3.51% for the prior quarter. - As of June 30, 2026, assets were
$3.31 billion , down$35.3 million , or1.1% , from$3.35 billion as of March 31, 2026, as a result of a$40.9 million decrease in deposits. - Deposits totaled
$2.91 billion as of June 30, 2026, down$40.9 million , or1.4% , from$2.95 billion as of March 31, 2026. This decrease was primarily due to the seasonal outflow of funds from customer income tax payments, along with fluctuations in lawyer trust accounts due to the timing of legal settlements. - As of June 30, 2026, loans held for investment (“HFI”) were
$2.26 billion , up slightly from$2.25 billion as of March 31, 2026. In the second quarter of 2026, new loan originations and construction commitment fundings exceeded payments and payoffs. - In the second quarter of 2026, nonperforming assets (“NPA(s)”) decreased
$1.6 million , or38.3% , to$2.6 million , or0.08% of assets, as of June 30, 2026. This improvement was due to the successful resolution of problem loans, which resulted in the receipt of$180,000 of related interest income and collection expense reimbursements. - We paid a quarterly cash dividend of
$0.25 per common share in the second quarter of 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. There was no stock repurchase activity in the first half of 2026. As of June 30, 2026, the 2026 stock repurchase program had$10.0 million of available capacity. - We continued to implement our organic expansion plan with the following projects:
- In the Northwest market, we completed our relocation projects. In May 2026, we relocated our Northwest market leadership and lenders to our newly constructed Shreveport Commercial and Private Banking Loan and Deposit Production Office, which is adjacent to our East Kings banking center. We also relocated the Market Street banking center, serving our retail customers, to the nearby American Tower building, which has a more efficient cost structure.
- In the New Orleans market, we recently completed remodeling a portion of the ground floor of the Energy Centre Building on Poydras Street. On July 20, 2026, we relocated 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, construction is in process on 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 May 2026, there were changes to the boards of directors of the Company and the Bank. Founding board member Kirk D. Cooper retired, and A. Peyton Bush, IV and R. Chance DeWitt, M.D. were appointed as new directors of both the Company and the Bank.
- In June 2026, RRBI was added to the State Street SPDR S&P Regional Banking ETF (ticker: “KRE”) as part of its quarterly fund rebalance.
Blake Chatelain, President and Chief Executive Officer, stated, “The second quarter of 2026 was one of solid, consistent performance driven by net interest margin expansion and a consistent balance sheet. As expected, net income and EPS in the second quarter of 2026 were slightly lower than the prior quarter, which had benefited from periodic rebates and refunds from vendors.
“We are pleased with the 10 bp expansion to the net interest margin FTE to
“In the second quarter of 2026, loan growth was partially offset by loan payoffs with the sale of businesses, along with large commercial real estate projects transitioning to permanent financing in the secondary market. Based on our current loan pipeline activity and levels, we anticipate higher loan growth in the second half of 2026.
“We have been very busy with our organic expansion plan. In May 2026, we completed the Northwest market relocation projects. Our new Northwest market loan and deposit production office is conveniently located next to our East Kings banking center, and is more accessible for our customers and efficient for our employees. In July 2026, in the New Orleans market, we were pleased to relocate our leadership, lending, and banking center teams together into the Energy Centre Building. This consolidation will allow us to improve our customer service by providing all banking services from one location.
“I want to thank Kirk Cooper, a founding board member, for serving as a director and congratulate him on his retirement. Over the past 27 years, Kirk has served as an insightful and dedicated leader, providing guidance and support to the Company. On behalf of the entire board and management, we wish him the very best in retirement. We welcome Peyton Bush and Dr. Chance DeWitt to the boards and look forward to their future guidance and involvement. Peyton is a lifelong resident of New Orleans and has extensive financial knowledge and expertise. Chance is originally from Alexandria and now lives and practices medicine in Lafayette.
“As we enter the second half of 2026, 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 for the second 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
Mortgage loan income was
Debit card income, net, was
The Small Business Investment Company (“SBIC”) partnerships reported a loss of
Operating Expenses
Operating expenses totaled
Data processing expense totaled
Personnel expenses totaled
Loan and deposit expenses totaled
Occupancy and equipment expenses totaled
Loans
Loans HFI were
| Loans HFI by Category | ||||||||||||||||||||
| June 30, 2026 | March 31, 2026 | Change from March 31, 2026 to June 30, 2026 | ||||||||||||||||||
| (dollars in thousands) | Amount | Percent | Amount | Percent | $ Change | % Change | ||||||||||||||
| Real estate: | ||||||||||||||||||||
| Commercial real estate | $ | 914,002 | 40.4 | % | $ | 910,965 | 40.4 | % | $ | 3,037 | 0.3 | % | ||||||||
| One-to-four family residential | 637,566 | 28.2 | % | 632,554 | 28.1 | % | 5,012 | 0.8 | % | |||||||||||
| Construction and development | 234,190 | 10.3 | % | 240,686 | 10.7 | % | (6,496 | ) | (2.7 | %) | ||||||||||
| Commercial and industrial | 399,933 | 17.7 | % | 391,611 | 17.4 | % | 8,322 | 2.1 | % | |||||||||||
| Tax-exempt | 51,539 | 2.3 | % | 52,779 | 2.3 | % | (1,240 | ) | (2.3 | %) | ||||||||||
| Consumer | 26,750 | 1.1 | % | 25,951 | 1.1 | % | 799 | 3.1 | % | |||||||||||
| Total loans HFI | $ | 2,263,980 | 100.0 | % | $ | 2,254,546 | 100.0 | % | $ | 9,434 | 0.4 | % | ||||||||
Asset Quality and Allowance for Credit Losses
NPAs totaled
The provision for credit losses for the second quarter of 2026 was
Deposits
As of June 30, 2026, deposits were
| Deposits by Account Type | ||||||||||||||||||||
| June 30, 2026 | March 31, 2026 | Change from March 31, 2026 to June 30, 2026 | ||||||||||||||||||
| (dollars in thousands) | Balance | % of Total | Balance | % of Total | $ Change | % Change | ||||||||||||||
| Noninterest-bearing demand deposits | $ | 910,457 | 31.3 | % | $ | 916,413 | 31.1 | % | $ | (5,956 | ) | (0.6 | %) | |||||||
| Interest-bearing deposits: | ||||||||||||||||||||
| Interest-bearing demand deposits | 183,384 | 6.3 | % | 189,993 | 6.4 | % | (6,609 | ) | (3.5 | %) | ||||||||||
| NOW accounts | 439,093 | 15.1 | % | 465,146 | 15.8 | % | (26,053 | ) | (5.6 | %) | ||||||||||
| Money market accounts | 590,414 | 20.3 | % | 590,107 | 20.0 | % | 307 | 0.1 | % | |||||||||||
| Savings accounts | 173,277 | 6.0 | % | 174,393 | 5.9 | % | (1,116 | ) | (0.6 | %) | ||||||||||
| Time deposits less than or equal to | 402,423 | 13.9 | % | 405,281 | 13.8 | % | (2,858 | ) | (0.7 | %) | ||||||||||
| Time deposits greater than | 206,019 | 7.1 | % | 204,602 | 7.0 | % | 1,417 | 0.7 | % | |||||||||||
| Total interest-bearing deposits | 1,994,610 | 68.7 | % | 2,029,522 | 68.9 | % | (34,912 | ) | (1.7 | %) | ||||||||||
| Total deposits | $ | 2,905,067 | 100.0 | % | $ | 2,945,935 | 100.0 | % | $ | (40,868 | ) | (1.4 | %) | |||||||
| Deposits by Customer Type | ||||||||||||||||||||
| June 30, 2026 | March 31, 2026 | Change from March 31, 2026 to June 30, 2026 | ||||||||||||||||||
| (dollars in thousands) | Balance | % of Total | Balance | % of Total | $ Change | % Change | ||||||||||||||
| Consumer | $ | 1,401,507 | 48.2 | % | $ | 1,409,126 | 47.8 | % | $ | (7,619 | ) | (0.5 | %) | |||||||
| Commercial | 1,269,426 | 43.7 | % | 1,296,580 | 44.0 | % | (27,154 | ) | (2.1 | %) | ||||||||||
| Public | 234,134 | 8.1 | % | 240,229 | 8.2 | % | (6,095 | ) | (2.5 | %) | ||||||||||
| Total deposits | $ | 2,905,067 | 100.0 | % | $ | 2,945,935 | 100.0 | % | $ | (40,868 | ) | (1.4 | %) | |||||||
Stockholders’ Equity
Total stockholders’ equity as of June 30, 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 tangible common equity, realized common equity, 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 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 Lafayette, Louisiana, and Shreveport, 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 publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required by applicable 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 and Chief Financial Officer
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, 2026 | March 31, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | ||||||||||||||
| Net Income | $ | 11,763 | $ | 11,971 | $ | 10,196 | $ | 23,734 | $ | 20,548 | |||||||||
| Per Common Share Data: | |||||||||||||||||||
| Earnings per share, basic | $ | 1.79 | $ | 1.82 | $ | 1.51 | $ | 3.61 | $ | 3.04 | |||||||||
| Earnings per share, diluted | $ | 1.78 | $ | 1.81 | $ | 1.51 | $ | 3.59 | $ | 3.03 | |||||||||
| Book value per share | $ | 58.40 | $ | 56.76 | $ | 50.23 | $ | 58.40 | $ | 50.23 | |||||||||
| Tangible book value per share(1) | $ | 58.17 | $ | 56.53 | $ | 50.00 | $ | 58.17 | $ | 50.00 | |||||||||
| Realized book value per share(1) | $ | 65.19 | $ | 63.70 | $ | 58.92 | $ | 65.19 | $ | 58.92 | |||||||||
| Cash dividends per share | $ | 0.25 | $ | 0.25 | $ | 0.12 | $ | 0.50 | $ | 0.24 | |||||||||
| Shares outstanding | 6,584,696 | 6,577,186 | 6,676,609 | 6,584,696 | 6,676,609 | ||||||||||||||
| Weighted average shares outstanding, basic | 6,584,696 | 6,576,994 | 6,740,312 | 6,580,866 | 6,758,720 | ||||||||||||||
| Weighted average shares outstanding, diluted | 6,615,135 | 6,609,208 | 6,764,886 | 6,611,437 | 6,783,575 | ||||||||||||||
| Summary Performance Ratios: | |||||||||||||||||||
| Return on average assets | 1.43 | % | 1.44 | % | 1.30 | % | 1.44 | % | 1.31 | % | |||||||||
| Return on average equity | 12.41 | % | 12.95 | % | 12.27 | % | 12.68 | % | 12.55 | % | |||||||||
| Net interest margin | 3.56 | % | 3.47 | % | 3.31 | % | 3.51 | % | 3.24 | % | |||||||||
| Net interest margin FTE | 3.61 | % | 3.51 | % | 3.36 | % | 3.56 | % | 3.29 | % | |||||||||
| Efficiency ratio | 54.25 | % | 52.37 | % | 56.87 | % | 53.32 | % | 56.20 | % | |||||||||
| Loans HFI to deposits ratio | 77.93 | % | 76.53 | % | 76.09 | % | 77.93 | % | 76.09 | % | |||||||||
| Noninterest-bearing deposits to deposits ratio | 31.34 | % | 31.11 | % | 31.95 | % | 31.34 | % | 31.95 | % | |||||||||
| Noninterest income to average assets | 0.58 | % | 0.55 | % | 0.60 | % | 0.56 | % | 0.64 | % | |||||||||
| Operating expense to average assets | 2.22 | % | 2.08 | % | 2.21 | % | 2.15 | % | 2.16 | % | |||||||||
| Summary Credit Quality Ratios: | |||||||||||||||||||
| NPAs to assets | 0.08 | % | 0.13 | % | 0.04 | % | 0.08 | % | 0.04 | % | |||||||||
| Nonperforming loans to loans HFI | 0.11 | % | 0.18 | % | 0.05 | % | 0.11 | % | 0.05 | % | |||||||||
| ACL to loans HFI | 1.09 | % | 1.07 | % | 1.04 | % | 1.09 | % | 1.04 | % | |||||||||
| Net charge-offs to average loans | 0.00 | % | 0.00 | % | 0.00 | % | 0.00 | % | 0.02 | % | |||||||||
| Capital Ratios: | |||||||||||||||||||
| Stockholders’ equity to assets | 11.61 | % | 11.16 | % | 10.59 | % | 11.61 | % | 10.59 | % | |||||||||
| Tangible common equity to tangible assets(1) | 11.57 | % | 11.11 | % | 10.54 | % | 11.57 | % | 10.54 | % | |||||||||
| Total risk-based capital to risk-weighted assets | 18.76 | % | 18.51 | % | 18.33 | % | 18.76 | % | 18.33 | % | |||||||||
| Tier I risk-based capital to risk-weighted assets | 17.71 | % | 17.47 | % | 17.32 | % | 17.71 | % | 17.32 | % | |||||||||
| Common equity Tier I capital to risk-weighted assets | 17.71 | % | 17.47 | % | 17.32 | % | 17.71 | % | 17.32 | % | |||||||||
| Tier I risk-based capital to average assets | 12.77 | % | 12.26 | % | 12.18 | % | 12.77 | % | 12.18 | % | |||||||||
(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, 2026 | March 31, 2026 | December 31, 2025 | September 30, 2025 | June 30, 2025 | ||||||||||||||
| ASSETS | |||||||||||||||||||
| Cash and due from banks | $ | 33,327 | $ | 36,677 | $ | 25,685 | $ | 33,651 | $ | 42,453 | |||||||||
| Interest-bearing deposits in other banks | 162,069 | 173,845 | 187,707 | 127,404 | 167,989 | ||||||||||||||
| Securities available-for-sale, at fair value | 617,016 | 638,729 | 647,310 | 636,679 | 566,981 | ||||||||||||||
| Securities held-to-maturity, at amortized cost | 118,356 | 120,609 | 122,619 | 124,853 | 127,305 | ||||||||||||||
| Equity securities, at fair value | 3,000 | 3,012 | 3,031 | 3,019 | 2,990 | ||||||||||||||
| Nonmarketable equity securities | 2,442 | 2,425 | 2,407 | 2,387 | 2,368 | ||||||||||||||
| Loans held for sale | 2,512 | 3,951 | 3,148 | 3,260 | 4,711 | ||||||||||||||
| Loans held for investment | 2,263,980 | 2,254,546 | 2,248,669 | 2,173,073 | 2,138,580 | ||||||||||||||
| Allowance for credit losses | (24,771 | ) | (24,051 | ) | (23,399 | ) | (22,801 | ) | (22,222 | ) | |||||||||
| Premises and equipment, net | 60,136 | 60,516 | 59,270 | 58,573 | 58,622 | ||||||||||||||
| Accrued interest receivable | 10,317 | 11,352 | 11,131 | 10,281 | 10,027 | ||||||||||||||
| Bank-owned life insurance | 31,724 | 31,488 | 31,267 | 31,041 | 30,817 | ||||||||||||||
| Intangible assets | 1,546 | 1,546 | 1,546 | 1,546 | 1,546 | ||||||||||||||
| Right-of-use assets | 1,326 | 1,407 | 1,487 | 1,564 | 2,489 | ||||||||||||||
| Other assets | 28,345 | 30,548 | 29,032 | 29,833 | 33,436 | ||||||||||||||
| Total Assets | $ | 3,311,325 | $ | 3,346,600 | $ | 3,350,910 | $ | 3,214,363 | $ | 3,168,092 | |||||||||
| LIABILITIES | |||||||||||||||||||
| Noninterest-bearing deposits | $ | 910,457 | $ | 916,413 | $ | 913,868 | $ | 918,974 | $ | 897,997 | |||||||||
| Interest-bearing deposits | 1,994,610 | 2,029,522 | 2,049,544 | 1,919,809 | 1,912,608 | ||||||||||||||
| Total Deposits | 2,905,067 | 2,945,935 | 2,963,412 | 2,838,783 | 2,810,605 | ||||||||||||||
| Accrued interest payable | 6,349 | 6,025 | 6,128 | 6,681 | 6,242 | ||||||||||||||
| Lease liabilities | 1,383 | 1,465 | 1,544 | 1,623 | 2,613 | ||||||||||||||
| Accrued expenses and other liabilities | 13,975 | 19,849 | 14,676 | 15,965 | 13,282 | ||||||||||||||
| Total Liabilities | 2,926,774 | 2,973,274 | 2,985,760 | 2,863,052 | 2,832,742 | ||||||||||||||
| COMMITMENTS AND CONTINGENCIES | — | — | — | — | — | ||||||||||||||
| STOCKHOLDERS’ EQUITY | |||||||||||||||||||
| Preferred stock, no par value | — | — | — | — | — | ||||||||||||||
| Common stock, no par value | 27,591 | 27,591 | 27,543 | 27,543 | 32,896 | ||||||||||||||
| Additional paid-in capital | 3,473 | 3,329 | 3,217 | 3,105 | 2,992 | ||||||||||||||
| Retained earnings | 398,175 | 388,058 | 377,731 | 367,302 | 357,488 | ||||||||||||||
| Accumulated other comprehensive income (loss) | (44,688 | ) | (45,652 | ) | (43,341 | ) | (46,639 | ) | (58,026 | ) | |||||||||
| Total Stockholders’ Equity | 384,551 | 373,326 | 365,150 | 351,311 | 335,350 | ||||||||||||||
| Total Liabilities and Stockholders’ Equity | $ | 3,311,325 | $ | 3,346,600 | $ | 3,350,910 | $ | 3,214,363 | $ | 3,168,092 | |||||||||
| RED RIVER BANCSHARES, INC. CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) | |||||||||||||||||||
| For the Three Months Ended | For the Six Months Ended | ||||||||||||||||||
| (in thousands) | June 30, 2026 | March 31, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | ||||||||||||||
| INTEREST AND DIVIDEND INCOME | |||||||||||||||||||
| Interest and fees on loans | $ | 32,234 | $ | 31,545 | $ | 29,500 | $ | 63,779 | $ | 57,771 | |||||||||
| Interest on securities | 5,778 | 5,844 | 5,148 | 11,622 | 10,003 | ||||||||||||||
| Interest on deposits in other banks | 1,294 | 1,737 | 2,063 | 3,031 | 4,724 | ||||||||||||||
| Dividends on stock | 17 | 19 | 19 | 36 | 40 | ||||||||||||||
| Total Interest and Dividend Income | 39,323 | 39,145 | 36,730 | 78,468 | 72,538 | ||||||||||||||
| INTEREST EXPENSE | |||||||||||||||||||
| Interest on deposits | 10,356 | 10,741 | 10,911 | 21,097 | 22,109 | ||||||||||||||
| Total Interest Expense | 10,356 | 10,741 | 10,911 | 21,097 | 22,109 | ||||||||||||||
| Net Interest Income | 28,967 | 28,404 | 25,819 | 57,371 | 50,429 | ||||||||||||||
| Provision for credit losses | 750 | 750 | 450 | 1,500 | 900 | ||||||||||||||
| Net Interest Income After Provision for Credit Losses | 28,217 | 27,654 | 25,369 | 55,871 | 49,529 | ||||||||||||||
| NONINTEREST INCOME | |||||||||||||||||||
| Service charges on deposit accounts | 1,388 | 1,395 | 1,337 | 2,783 | 2,719 | ||||||||||||||
| Debit card income, net | 1,067 | 916 | 1,081 | 1,983 | 2,074 | ||||||||||||||
| Mortgage loan income | 928 | 605 | 567 | 1,533 | 1,097 | ||||||||||||||
| Brokerage income | 874 | 939 | 989 | 1,812 | 2,314 | ||||||||||||||
| Loan and deposit income | 521 | 498 | 418 | 1,019 | 877 | ||||||||||||||
| Bank-owned life insurance income | 236 | 221 | 224 | 457 | 437 | ||||||||||||||
| Gain (Loss) on equity securities | (13 | ) | (19 | ) | 9 | (31 | ) | 53 | |||||||||||
| Gain (Loss) on sale and call of securities | (22 | ) | — | — | (22 | ) | — | ||||||||||||
| SBIC income (loss) | (291 | ) | (105 | ) | 47 | (395 | ) | 327 | |||||||||||
| Other income (loss) | 50 | 83 | 46 | 132 | 92 | ||||||||||||||
| Total Noninterest Income | 4,738 | 4,533 | 4,718 | 9,271 | 9,990 | ||||||||||||||
| OPERATING EXPENSES | |||||||||||||||||||
| Personnel expenses | 10,711 | 10,517 | 10,216 | 21,228 | 20,239 | ||||||||||||||
| Occupancy and equipment expenses | 1,935 | 1,884 | 1,753 | 3,819 | 3,548 | ||||||||||||||
| Technology expenses | 955 | 863 | 821 | 1,818 | 1,655 | ||||||||||||||
| Advertising | 324 | 328 | 286 | 652 | 619 | ||||||||||||||
| Other business development expenses | 641 | 550 | 455 | 1,190 | 1,013 | ||||||||||||||
| Data processing expense | 758 | 377 | 721 | 1,135 | 1,009 | ||||||||||||||
| Other taxes | 553 | 560 | 609 | 1,113 | 1,221 | ||||||||||||||
| Loan and deposit expenses | 242 | 103 | 398 | 345 | 460 | ||||||||||||||
| Legal and professional expenses | 604 | 529 | 612 | 1,133 | 1,244 | ||||||||||||||
| Regulatory assessment expenses | 409 | 417 | 388 | 825 | 779 | ||||||||||||||
| Other operating expenses | 1,154 | 1,122 | 1,108 | 2,278 | 2,168 | ||||||||||||||
| Total Operating Expenses | 18,286 | 17,250 | 17,367 | 35,536 | 33,955 | ||||||||||||||
| Income Before Income Tax Expense | 14,669 | 14,937 | 12,720 | 29,606 | 25,564 | ||||||||||||||
| Income tax expense | 2,906 | 2,966 | 2,524 | 5,872 | 5,016 | ||||||||||||||
| Net Income | $ | 11,763 | $ | 11,971 | $ | 10,196 | $ | 23,734 | $ | 20,548 | |||||||||
| RED RIVER BANCSHARES, INC. | |||||||||||||||||||||
| NET INTEREST INCOME AND NET INTEREST MARGIN (UNAUDITED) | |||||||||||||||||||||
| For the Three Months Ended | |||||||||||||||||||||
| June 30, 2026 | March 31, 2026 | ||||||||||||||||||||
| (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) | $ | 2,262,588 | $ | 32,234 | 5.64 | % | $ | 2,255,394 | $ | 31,545 | 5.60 | % | |||||||||
| Securities - taxable | 620,153 | 4,808 | 3.10 | % | 629,550 | 4,872 | 3.10 | % | |||||||||||||
| Securities - tax-exempt | 181,703 | 970 | 2.14 | % | 182,996 | 972 | 2.12 | % | |||||||||||||
| Interest-bearing deposits in other banks | 141,318 | 1,294 | 3.63 | % | 191,843 | 1,737 | 3.62 | % | |||||||||||||
| Nonmarketable equity securities | 2,427 | 17 | 2.81 | % | 2,409 | 19 | 3.10 | % | |||||||||||||
| Total interest-earning assets | 3,208,189 | $ | 39,323 | 4.86 | % | 3,262,192 | $ | 39,145 | 4.80 | % | |||||||||||
| Allowance for credit losses | (24,334 | ) | (23,647 | ) | |||||||||||||||||
| Noninterest-earning assets | 120,368 | 127,068 | |||||||||||||||||||
| Total assets | $ | 3,304,223 | $ | 3,365,613 | |||||||||||||||||
| Liabilities and Stockholders’ Equity | |||||||||||||||||||||
| Interest-bearing liabilities: | |||||||||||||||||||||
| Interest-bearing transaction deposits | $ | 1,349,934 | $ | 5,192 | 1.54 | % | $ | 1,440,118 | $ | 5,558 | 1.57 | % | |||||||||
| Time deposits | 607,580 | 5,164 | 3.41 | % | 607,964 | 5,183 | 3.46 | % | |||||||||||||
| Total interest-bearing deposits | 1,957,514 | 10,356 | 2.12 | % | 2,048,082 | 10,741 | 2.13 | % | |||||||||||||
| Other borrowings | — | — | — | % | — | — | — | % | |||||||||||||
| Total interest-bearing liabilities | 1,957,514 | $ | 10,356 | 2.12 | % | 2,048,082 | $ | 10,741 | 2.13 | % | |||||||||||
| Noninterest-bearing liabilities: | |||||||||||||||||||||
| Noninterest-bearing deposits | 945,138 | 917,623 | |||||||||||||||||||
| Accrued interest and other liabilities | 21,481 | 24,986 | |||||||||||||||||||
| Total noninterest-bearing liabilities | 966,619 | 942,609 | |||||||||||||||||||
| Stockholders’ equity | 380,090 | 374,922 | |||||||||||||||||||
| Total liabilities and stockholders’ equity | $ | 3,304,223 | $ | 3,365,613 | |||||||||||||||||
| Net interest income | $ | 28,967 | $ | 28,404 | |||||||||||||||||
| Net interest spread | 2.74 | % | 2.67 | % | |||||||||||||||||
| Net interest margin | 3.56 | % | 3.47 | % | |||||||||||||||||
| Net interest margin FTE(3) | 3.61 | % | 3.51 | % | |||||||||||||||||
| Cost of deposits | 1.43 | % | 1.47 | % | |||||||||||||||||
| Cost of funds | 1.29 | % | 1.34 | % | |||||||||||||||||
| (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, 2026 | June 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) | $ | 2,259,011 | $ | 63,779 | 5.62 | % | $ | 2,106,756 | $ | 57,771 | 5.46 | % | |||||||||
| Securities - taxable | 624,825 | 9,680 | 3.10 | % | 566,448 | 8,040 | 2.84 | % | |||||||||||||
| Securities - tax-exempt | 182,346 | 1,942 | 2.13 | % | 188,480 | 1,963 | 2.08 | % | |||||||||||||
| Interest-bearing deposits in other banks | 166,441 | 3,031 | 3.62 | % | 214,858 | 4,724 | 4.38 | % | |||||||||||||
| Nonmarketable equity securities | 2,418 | 36 | 2.95 | % | 2,340 | 40 | 3.41 | % | |||||||||||||
| Total interest-earning assets | 3,235,041 | $ | 78,468 | 4.83 | % | 3,078,882 | $ | 72,538 | 4.69 | % | |||||||||||
| Allowance for credit losses | (23,992 | ) | (21,892 | ) | |||||||||||||||||
| Noninterest-earning assets | 123,700 | 106,126 | |||||||||||||||||||
| Total assets | $ | 3,334,749 | $ | 3,163,116 | |||||||||||||||||
| Liabilities and Stockholders’ Equity | |||||||||||||||||||||
| Interest-bearing liabilities: | |||||||||||||||||||||
| Interest-bearing transaction deposits | $ | 1,394,777 | $ | 10,750 | 1.55 | % | $ | 1,311,898 | $ | 11,113 | 1.71 | % | |||||||||
| Time deposits | 607,771 | 10,347 | 3.43 | % | 594,914 | 10,996 | 3.73 | % | |||||||||||||
| Total interest-bearing deposits | 2,002,548 | 21,097 | 2.12 | % | 1,906,812 | 22,109 | 2.34 | % | |||||||||||||
| Other borrowings | — | — | — | % | — | — | — | % | |||||||||||||
| Total interest-bearing liabilities | 2,002,548 | $ | 21,097 | 2.12 | % | 1,906,812 | $ | 22,109 | 2.34 | % | |||||||||||
| Noninterest-bearing liabilities: | |||||||||||||||||||||
| Noninterest-bearing deposits | 931,456 | 902,224 | |||||||||||||||||||
| Accrued interest and other liabilities | 23,225 | 24,014 | |||||||||||||||||||
| Total noninterest-bearing liabilities | 954,681 | 926,238 | |||||||||||||||||||
| Stockholders’ equity | 377,520 | 330,066 | |||||||||||||||||||
| Total liabilities and stockholders’ equity | $ | 3,334,749 | $ | 3,163,116 | |||||||||||||||||
| Net interest income | $ | 57,371 | $ | 50,429 | |||||||||||||||||
| Net interest spread | 2.71 | % | 2.35 | % | |||||||||||||||||
| Net interest margin | 3.51 | % | 3.24 | % | |||||||||||||||||
| Net interest margin FTE(3) | 3.56 | % | 3.29 | % | |||||||||||||||||
| Cost of deposits | 1.45 | % | 1.59 | % | |||||||||||||||||
| Cost of funds | 1.32 | % | 1.45 | % | |||||||||||||||||
| (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, 2026 | March 31, 2026 | June 30, 2025 | ||||||||
| Tangible common equity | |||||||||||
| Total stockholders’ equity | $ | 384,551 | $ | 373,326 | $ | 335,350 | |||||
| Adjustments: | |||||||||||
| Intangible assets | (1,546 | ) | (1,546 | ) | (1,546 | ) | |||||
| Tangible common equity (non-GAAP) | $ | 383,005 | $ | 371,780 | $ | 333,804 | |||||
| Realized common equity | |||||||||||
| Total stockholders’ equity | $ | 384,551 | $ | 373,326 | $ | 335,350 | |||||
| Adjustments: | |||||||||||
| Accumulated other comprehensive (income) loss | 44,688 | 45,652 | 58,026 | ||||||||
| Realized common equity (non-GAAP) | $ | 429,239 | $ | 418,978 | $ | 393,376 | |||||
| Common shares outstanding | 6,584,696 | 6,577,186 | 6,676,609 | ||||||||
| Book value per share | $ | 58.40 | $ | 56.76 | $ | 50.23 | |||||
| Tangible book value per share (non-GAAP) | $ | 58.17 | $ | 56.53 | $ | 50.00 | |||||
| Realized book value per share (non-GAAP) | $ | 65.19 | $ | 63.70 | $ | 58.92 | |||||
| Tangible assets | |||||||||||
| Total assets | $ | 3,311,325 | $ | 3,346,600 | $ | 3,168,092 | |||||
| Adjustments: | |||||||||||
| Intangible assets | (1,546 | ) | (1,546 | ) | (1,546 | ) | |||||
| Tangible assets (non-GAAP) | $ | 3,309,779 | $ | 3,345,054 | $ | 3,166,546 | |||||
| Stockholders’ equity to assets | 11.61 | % | 11.16 | % | 10.59 | % | |||||
| Tangible common equity to tangible assets (non-GAAP) | 11.57 | % | 11.11 | % | 10.54 | % | |||||
