Red River Bancshares, Inc. Reports Third Quarter 2026 Financial Results
Loan and deposit growth accompanied higher earnings, while nonperforming assets more than doubled from the previous quarter.
Sentiment and the balance of points
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Rhea-AI Summary
Red River Bancshares (RRBI) reported third-quarter 2026 net income of $12.6 million, rising from both the preceding quarter and a year earlier. Diluted earnings per share were $1.90, versus $1.78 in the second quarter and $1.63 a year earlier. Net interest income rose 3.2% sequentially to $29.9 million, while the tax-adjusted net interest margin remained 3.61%.
At September 30, loans held for investment reached $2.32 billion, up 2.6% from June 30, and deposits rose 1.9% to $2.96 billion. Nonperforming assets increased 113.4% to $5.6 million, primarily reflecting one commercial relationship. The credit-loss provision declined to $500,000 from $750,000. Nine-month net income rose 15.8% to $36.3 million. The company expects slight fourth-quarter increases in net interest income and margin, depending on balance sheet activity, rates and competition, and plans two banking center openings in the first quarter of 2027.
How this balance works
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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
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Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointThird-quarter net income reached $12.6 million, up 6.8% sequentially and 16.3% year over year.
- Moderate pointThird-quarter net interest income increased 3.2% sequentially to $29.9 million, benefiting partly from one additional accrual day.
- Moderate pointLoans held for investment increased 2.6% to $2.32 billion between June 30 and September 30, 2026.
- Moderate pointDeposits increased 1.9% to $2.96 billion between June 30 and September 30, 2026.
- Moderate point. Forward-looking: it has not happened yet and may not happen.Fourth-quarter net interest income and margin are expected to increase slightly, depending on balance sheet activity, rates and competition.
11 minor points
- Minor pointThird-quarter diluted earnings reached $1.90 per share, versus $1.78 sequentially and $1.63 a year earlier.
- Minor pointNine-month net income rose 15.8% to $36.3 million compared with the same period of 2025.
- Minor pointNine-month diluted earnings reached $5.49 per share, versus $4.65 in the same period of 2025.
- Minor pointAssets increased 1.7% to $3.37 billion between June 30 and September 30, 2026.
- Minor pointThird-quarter noninterest income increased 3.9% sequentially to $4.9 million.
- Minor pointInvestment partnerships recorded a third-quarter $112,000 gain, versus a $291,000 loss in the preceding quarter.
- Minor pointThird-quarter credit-loss provision fell to $500,000 from $750,000 in the preceding quarter.
- Minor pointThird-quarter legal and professional expenses declined 19.4% sequentially to $487,000.
- Minor pointNew Orleans banking center relocation was completed July 20, 2026.
- Minor point. Forward-looking: it has not happened yet and may not happen.Lafayette banking center construction is underway; the company expects an opening in first-quarter 2027.
- Minor point. Forward-looking: it has not happened yet and may not happen.Slidell building purchase closed October 22, 2026; the company expects a banking center opening in first-quarter 2027.
Negative
- Moderate pointThird-quarter interest expense increased $558,000 sequentially, reflecting deposit repricing and higher interest-bearing transaction balances.
- Moderate point. Forward-looking: it has not happened yet and may not happen.Fourth-quarter time deposit maturities total a projected $190.7 million at 3.37%; the company expects higher renewal rates.
- Moderate point. Forward-looking: it has not happened yet and may not happen.Unfunded construction loan commitments totaled $93.8 million at September 30, which the company expects to fund over time. 14% of market cap
- Minor pointNonperforming assets rose 113.4% to $5.6 million from June 30, primarily reflecting one commercial relationship.
- Minor pointThird-quarter mortgage loan income fell 24.8% sequentially to $698,000 as higher mortgage rates reduced activity.
5 minor points
- Minor pointThird-quarter personnel expenses increased 1.9% sequentially to $10.9 million amid hiring and higher personnel-related accruals.
- Minor pointThird-quarter loan and deposit expenses rose 76.0% sequentially to $426,000; the preceding quarter benefited from collection-expense reimbursement.
- Minor pointBanking center and office relocations generated $46,000 of nonrecurring expenses in the third quarter.
- Minor pointCredit-loss allowance coverage declined to 1.08% of loans at September 30 from 1.09% at June 30.
- Minor pointNet charge-offs to average loans increased to 0.01% in the third quarter from 0.00% in the preceding quarter.
News Explained
The company authorized up to
Key Figures
- Net income
- $12.6 million
- Q3 2026; up 6.8% from Q2 2026 and 16.3% from Q3 2025
- Diluted EPS
- $1.90 per diluted common share
- Q3 2026
- Net interest income
- $29.9 million
- Q3 2026; up $916,000, or 3.2%, from Q2 2026
- Net interest margin FTE
- 3.61%
- Q3 2026; consistent with the prior quarter
- Loans held for investment
- $2.32 billion
- As of September 30, 2026; up 2.6% from June 30, 2026
- Deposits
- $2.96 billion
- As of September 30, 2026; up 1.9% from June 30, 2026
- Nonperforming assets
- $5.6 million
- As of September 30, 2026; increased 113.4% from June 30, 2026
- Provision for loan losses
- $500,000
- Q3 2026, versus $750,000 in Q2 2026
Previous Earnings Reports
-
Q2 net income rose year over year, with diluted EPS of $1.78 and a 3.61% net interest margin.
-
Q1 net income reached a quarterly record of $12.0 million, with diluted EPS of $1.81.
-
Q3 2025 net income was $10.8 million, providing the year-over-year comparison for this quarter.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
eps financial
net interest margin financial
fully taxable equivalent financial
nonperforming assets financial
allowance for credit losses financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
ALEXANDRIA, La., Oct. 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 third quarter of 2026.
Net income for the third quarter of 2026 was
Net income for the nine months ended September 30, 2026, was
Third Quarter 2026 Performance and Operational Highlights
The third quarter of 2026 financial results included record-high quarterly net income and EPS along with increased loans, deposits, and assets. We also completed our New Orleans market banking center relocation project and continued to execute our plan to expand organically.
- Net income for the third quarter of 2026 was
$12.6 million , up$800,000 , or6.8% , from the prior quarter. Net income for the third quarter benefited from a$916,000 increase in net interest income. - Net interest income increased
$916,000 , or3.2% , mainly as a result of higher earning asset balances and one more accrual day in the quarter. Net interest margin fully taxable equivalent (“FTE”) was consistent at3.61% for the third quarter of 2026 and for the prior quarter. - As of September 30, 2026, assets were
$3.37 billion , up$56.2 million , or1.7% , from$3.31 billion as of June 30, 2026, as a result of a$56.5 million increase in deposits. - Deposits totaled
$2.96 billion as of September 30, 2026, up$56.5 million , or1.9% , from$2.91 billion as of June 30, 2026. This increase was primarily due to higher commercial deposit account balances. - As of September 30, 2026, loans held for investment (“HFI”) were
$2.32 billion , up$59.5 million , or2.6% , from$2.26 billion as of June 30, 2026. In the third quarter of 2026, new loan originations and construction commitment fundings exceeded payments and payoffs. - In the third quarter of 2026, nonperforming assets (“NPA(s)”) increased
$3.0 million , or113.4% , to$5.6 million , or0.17% of assets, as of September 30, 2026, primarily due to a commercial relationship that we are actively working to resolve. The provision for loan losses was lower in the third quarter of 2026 compared to the previous quarter. - We paid a quarterly cash dividend of
$0.25 per common share in the third 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 between January 1, 2026 and September 30, 2026. As of September 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 New Orleans market, we completed our banking center relocation project. We remodeled 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 in the first quarter of 2027.
- On October 22, 2026, we purchased a former credit union building located on Gause Boulevard E. in Slidell, Louisiana. We expect to open this location in the first quarter of 2027 as the Bank’s first full-service banking center location in Slidell and our second in the Northshore market.
- In the third quarter of 2026, S&P Global Market Intelligence ranked the Bank within the top 50 best deposit franchises as of June 30, 2026, for banks with assets between
$3.0 and$10.0 billion .
Blake Chatelain, President and Chief Executive Officer, stated, “The third quarter of 2026 was very productive, and we are certainly pleased with our financial results. We experienced record-high quarterly net income and EPS, along with solid balance sheet activity and growth.
“In the third quarter of 2026, we saw an increase in loan demand throughout all of our markets, which positively impacted the loan portfolio, as well as the current loan pipeline. The deposit portfolio benefited from higher commercial deposit account balances, combined with the addition of new customers and accounts.
“When 2026 began, we expected a slowly decreasing interest rate environment; however, that shifted to a ‘higher for longer’ rate environment during the summer. Depending on the pace and magnitude of rate changes and the corresponding shift to the yield curve, this environment should benefit the Company. The balance sheet is positioned for a steady, higher rate environment as we price assets at higher rates, while managing the cost of deposits.
“Our organic expansion plan has been very productive in 2026, as we believe it’s a great time to continue investing for future growth. In May 2026, we completed the Northwest market relocation project, and in July 2026, we completed the New Orleans downtown move into the Energy Centre Building. Construction on our new banking center in the Acadiana market is progressing well. We also recently acquired an existing banking center building in Slidell, Louisiana, which we expect to become our second full-service banking center in the Northshore market. We look forward to opening both of these locations in the first quarter of 2027. On the talent front, we have recruited several new bankers across our markets as we continue to expand our Red River Bank team.
“I also want to mention the positive Louisiana economic activity news. There are many significant capital projects that have been announced in the past few years throughout Louisiana. We can identify over
“As we wrap up 2026, we are well-positioned for the future, with solid earnings and robust capital, combined with an expanded banking center network and dedicated bankers. We remain committed to serving our customers, growing, and providing steady financial results for our shareholders.”
Net Interest Income and Net Interest Margin FTE
Net interest income for the third quarter of 2026 was
Net interest margin FTE was
The federal funds rate range was
Noninterest Income
Noninterest income totaled
The Small Business Investment Company (“SBIC”) partnerships reported a gain of
Mortgage loan income was
Debit card income, net, was
Operating Expenses
Operating expenses totaled
Personnel expenses totaled
Loan and deposit expenses totaled
Occupancy and equipment expenses totaled
Legal and professional expenses totaled
Loans
Loans HFI were
| Loans HFI by Category | ||||||||||||||||||
| September 30, 2026 | June 30, 2026 | Change from June 30, 2026 to September 30, 2026 | ||||||||||||||||
| (dollars in thousands) | Amount | Percent | Amount | Percent | $ Change | % Change | ||||||||||||
| Real estate: | ||||||||||||||||||
| Commercial real estate | $ | 953,660 | 41.0 | % | $ | 914,002 | 40.4 | % | $ | 39,658 | 4.3 | % | ||||||
| One-to-four family residential | 647,035 | 27.9 | % | 637,566 | 28.2 | % | 9,469 | 1.5 | % | |||||||||
| Construction and development | 223,825 | 9.6 | % | 234,190 | 10.3 | % | (10,365 | ) | (4.4 | %) | ||||||||
| Commercial and industrial | 424,080 | 18.3 | % | 399,933 | 17.7 | % | 24,147 | 6.0 | % | |||||||||
| Tax-exempt | 48,640 | 2.1 | % | 51,539 | 2.3 | % | (2,899 | ) | (5.6 | %) | ||||||||
| Consumer | 26,240 | 1.1 | % | 26,750 | 1.1 | % | (510 | ) | (1.9 | %) | ||||||||
| Total loans HFI | $ | 2,323,480 | 100.0 | % | $ | 2,263,980 | 100.0 | % | $ | 59,500 | 2.6 | % | ||||||
Asset Quality and Allowance for Credit Losses
NPAs totaled
The provision for credit losses for the third quarter of 2026 was
Deposits
As of September 30, 2026, deposits were
| Deposits by Account Type | ||||||||||||||||||
| September 30, 2026 | June 30, 2026 | Change from June 30, 2026 to September 30, 2026 | ||||||||||||||||
| (dollars in thousands) | Balance | % of Total | Balance | % of Total | $ Change | % Change | ||||||||||||
| Noninterest-bearing demand deposits | $ | 915,626 | 30.9 | % | $ | 910,457 | 31.3 | % | $ | 5,169 | 0.6 | % | ||||||
| Interest-bearing deposits: | ||||||||||||||||||
| Interest-bearing demand deposits | 197,619 | 6.7 | % | 183,384 | 6.3 | % | 14,235 | 7.8 | % | |||||||||
| NOW accounts | 443,659 | 15.0 | % | 439,093 | 15.1 | % | 4,566 | 1.0 | % | |||||||||
| Money market accounts | 620,283 | 20.9 | % | 590,414 | 20.3 | % | 29,869 | 5.1 | % | |||||||||
| Savings accounts | 174,828 | 5.9 | % | 173,277 | 6.0 | % | 1,551 | 0.9 | % | |||||||||
| Time deposits less than or equal to | 399,187 | 13.5 | % | 402,423 | 13.9 | % | (3,236 | ) | (0.8 | %) | ||||||||
| Time deposits greater than | 210,336 | 7.1 | % | 206,019 | 7.1 | % | 4,317 | 2.1 | % | |||||||||
| Total interest-bearing deposits | 2,045,912 | 69.1 | % | 1,994,610 | 68.7 | % | 51,302 | 2.6 | % | |||||||||
| Total deposits | $ | 2,961,538 | 100.0 | % | $ | 2,905,067 | 100.0 | % | $ | 56,471 | 1.9 | % | ||||||
| Deposits by Customer Type | ||||||||||||||||||
| September 30, 2026 | June 30, 2026 | Change from June 30, 2026 to September 30, 2026 | ||||||||||||||||
| (dollars in thousands) | Balance | % of Total | Balance | % of Total | $ Change | % Change | ||||||||||||
| Consumer | $ | 1,389,847 | 46.9 | % | $ | 1,401,507 | 48.2 | % | $ | (11,660 | ) | (0.8 | %) | |||||
| Commercial | 1,349,388 | 45.6 | % | 1,269,426 | 43.7 | % | 79,962 | 6.3 | % | |||||||||
| Public | 222,303 | 7.5 | % | 234,134 | 8.1 | % | (11,831 | ) | (5.1 | %) | ||||||||
| Total deposits | $ | 2,961,538 | 100.0 | % | $ | 2,905,067 | 100.0 | % | $ | 56,471 | 1.9 | % | ||||||
Stockholders’ Equity
Total stockholders’ equity as of September 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 Nine Months Ended | |||||||||||||||||||
| (dollars in thousands, except per share data) | September 30, 2026 | June 30, 2026 | September 30, 2025 | September 30, 2026 | September 30, 2025 | |||||||||||||||
| Net Income | $ | 12,563 | $ | 11,763 | $ | 10,801 | $ | 36,297 | $ | 31,349 | ||||||||||
| Per Common Share Data: | ||||||||||||||||||||
| Earnings per share, basic | $ | 1.91 | $ | 1.79 | $ | 1.63 | $ | 5.51 | $ | 4.67 | ||||||||||
| Earnings per share, diluted | $ | 1.90 | $ | 1.78 | $ | 1.63 | $ | 5.49 | $ | 4.65 | ||||||||||
| Book value per share | $ | 58.05 | $ | 58.40 | $ | 53.42 | $ | 58.05 | $ | 53.42 | ||||||||||
| Tangible book value per share(1) | $ | 57.81 | $ | 58.17 | $ | 53.18 | $ | 57.81 | $ | 53.18 | ||||||||||
| Realized book value per share(1) | $ | 66.87 | $ | 65.19 | $ | 60.51 | $ | 66.87 | $ | 60.51 | ||||||||||
| Cash dividends per share | $ | 0.25 | $ | 0.25 | $ | 0.15 | $ | 0.75 | $ | 0.39 | ||||||||||
| Shares outstanding | 6,584,106 | 6,584,696 | 6,576,609 | 6,584,106 | 6,576,609 | |||||||||||||||
| Weighted average shares outstanding, basic | 6,584,119 | 6,584,696 | 6,616,826 | 6,581,962 | 6,710,902 | |||||||||||||||
| Weighted average shares outstanding, diluted | 6,611,827 | 6,615,135 | 6,640,839 | 6,609,940 | 6,735,447 | |||||||||||||||
| Summary Performance Ratios: | ||||||||||||||||||||
| Return on average assets | 1.48 | % | 1.43 | % | 1.34 | % | 1.45 | % | 1.32 | % | ||||||||||
| Return on average equity | 12.84 | % | 12.41 | % | 12.62 | % | 12.73 | % | 12.58 | % | ||||||||||
| Net interest margin | 3.56 | % | 3.56 | % | 3.38 | % | 3.53 | % | 3.29 | % | ||||||||||
| Net interest margin FTE | 3.61 | % | 3.61 | % | 3.43 | % | 3.58 | % | 3.34 | % | ||||||||||
| Efficiency ratio | 53.71 | % | 54.25 | % | 56.06 | % | 53.46 | % | 56.15 | % | ||||||||||
| Loans HFI to deposits ratio | 78.46 | % | 77.93 | % | 76.55 | % | 78.46 | % | 76.55 | % | ||||||||||
| Noninterest-bearing deposits to deposits ratio | 30.92 | % | 31.34 | % | 32.37 | % | 30.92 | % | 32.37 | % | ||||||||||
| Noninterest income to average assets | 0.58 | % | 0.58 | % | 0.62 | % | 0.57 | % | 0.63 | % | ||||||||||
| Operating expense to average assets | 2.20 | % | 2.22 | % | 2.22 | % | 2.17 | % | 2.18 | % | ||||||||||
| Summary Credit Quality Ratios: | ||||||||||||||||||||
| NPAs to assets | 0.17 | % | 0.08 | % | 0.08 | % | 0.17 | % | 0.08 | % | ||||||||||
| Nonperforming loans to loans HFI | 0.24 | % | 0.11 | % | 0.11 | % | 0.24 | % | 0.11 | % | ||||||||||
| ACL to loans HFI | 1.08 | % | 1.09 | % | 1.05 | % | 1.08 | % | 1.05 | % | ||||||||||
| Net charge-offs to average loans | 0.01 | % | 0.00 | % | 0.00 | % | 0.01 | % | 0.02 | % | ||||||||||
| Capital Ratios: | ||||||||||||||||||||
| Stockholders’ equity to assets | 11.35 | % | 11.61 | % | 10.93 | % | 11.35 | % | 10.93 | % | ||||||||||
| Tangible common equity to tangible assets(1) | 11.31 | % | 11.57 | % | 10.89 | % | 11.31 | % | 10.89 | % | ||||||||||
| Total risk-based capital to risk-weighted assets | 18.72 | % | 18.76 | % | 18.18 | % | 18.72 | % | 18.18 | % | ||||||||||
| Tier I risk-based capital to risk-weighted assets | 17.68 | % | 17.71 | % | 17.17 | % | 17.68 | % | 17.17 | % | ||||||||||
| Common equity Tier I capital to risk-weighted assets | 17.68 | % | 17.71 | % | 17.17 | % | 17.68 | % | 17.17 | % | ||||||||||
| Tier I risk-based capital to average assets | 12.82 | % | 12.77 | % | 12.17 | % | 12.82 | % | 12.17 | % | ||||||||||
(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) | September 30, 2026 | June 30, 2026 | March 31, 2026 | December 31, 2025 | September 30, 2025 | ||||||||||||||
| ASSETS | |||||||||||||||||||
| Cash and due from banks | $ | 29,044 | $ | 33,327 | $ | 36,677 | $ | 25,685 | $ | 33,651 | |||||||||
| Interest-bearing deposits in other banks | 176,004 | 162,069 | 173,845 | 187,707 | 127,404 | ||||||||||||||
| Securities available-for-sale, at fair value | 601,571 | 617,016 | 638,729 | 647,310 | 636,679 | ||||||||||||||
| Securities held-to-maturity, at amortized cost | 115,922 | 118,356 | 120,609 | 122,619 | 124,853 | ||||||||||||||
| Equity securities, at fair value | 2,887 | 3,000 | 3,012 | 3,031 | 3,019 | ||||||||||||||
| Nonmarketable equity securities | 2,459 | 2,442 | 2,425 | 2,407 | 2,387 | ||||||||||||||
| Loans held for sale | 1,699 | 2,512 | 3,951 | 3,148 | 3,260 | ||||||||||||||
| Loans held for investment | 2,323,480 | 2,263,980 | 2,254,546 | 2,248,669 | 2,173,073 | ||||||||||||||
| Allowance for credit losses | (25,119 | ) | (24,771 | ) | (24,051 | ) | (23,399 | ) | (22,801 | ) | |||||||||
| Premises and equipment, net | 61,814 | 60,136 | 60,516 | 59,270 | 58,573 | ||||||||||||||
| Accrued interest receivable | 10,682 | 10,317 | 11,352 | 11,131 | 10,281 | ||||||||||||||
| Bank-owned life insurance | 31,964 | 31,724 | 31,488 | 31,267 | 31,041 | ||||||||||||||
| Intangible assets | 1,546 | 1,546 | 1,546 | 1,546 | 1,546 | ||||||||||||||
| Right-of-use assets | 976 | 1,326 | 1,407 | 1,487 | 1,564 | ||||||||||||||
| Other assets | 32,622 | 28,345 | 30,548 | 29,032 | 29,833 | ||||||||||||||
| Total Assets | $ | 3,367,551 | $ | 3,311,325 | $ | 3,346,600 | $ | 3,350,910 | $ | 3,214,363 | |||||||||
| LIABILITIES | |||||||||||||||||||
| Noninterest-bearing deposits | $ | 915,626 | $ | 910,457 | $ | 916,413 | $ | 913,868 | $ | 918,974 | |||||||||
| Interest-bearing deposits | 2,045,912 | 1,994,610 | 2,029,522 | 2,049,544 | 1,919,809 | ||||||||||||||
| Total Deposits | 2,961,538 | 2,905,067 | 2,945,935 | 2,963,412 | 2,838,783 | ||||||||||||||
| Accrued interest payable | 6,069 | 6,349 | 6,025 | 6,128 | 6,681 | ||||||||||||||
| Lease liabilities | 1,027 | 1,383 | 1,465 | 1,544 | 1,623 | ||||||||||||||
| Accrued expenses and other liabilities | 16,736 | 13,975 | 19,849 | 14,676 | 15,965 | ||||||||||||||
| Total Liabilities | 2,985,370 | 2,926,774 | 2,973,274 | 2,985,760 | 2,863,052 | ||||||||||||||
| COMMITMENTS AND CONTINGENCIES | — | — | — | — | — | ||||||||||||||
| STOCKHOLDERS’ EQUITY | |||||||||||||||||||
| Preferred stock, no par value | — | — | — | — | — | ||||||||||||||
| Common stock, no par value | 27,591 | 27,591 | 27,591 | 27,543 | 27,543 | ||||||||||||||
| Additional paid-in capital | 3,602 | 3,473 | 3,329 | 3,217 | 3,105 | ||||||||||||||
| Retained earnings | 409,092 | 398,175 | 388,058 | 377,731 | 367,302 | ||||||||||||||
| Accumulated other comprehensive income (loss) | (58,104 | ) | (44,688 | ) | (45,652 | ) | (43,341 | ) | (46,639 | ) | |||||||||
| Total Stockholders’ Equity | 382,181 | 384,551 | 373,326 | 365,150 | 351,311 | ||||||||||||||
| Total Liabilities and Stockholders’ Equity | $ | 3,367,551 | $ | 3,311,325 | $ | 3,346,600 | $ | 3,350,910 | $ | 3,214,363 | |||||||||
| RED RIVER BANCSHARES, INC. | |||||||||||||||||||
| CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) | |||||||||||||||||||
| For the Three Months Ended | For the Nine Months Ended | ||||||||||||||||||
| (in thousands) | September 30, 2026 | June 30, 2026 | September 30, 2025 | September 30, 2026 | September 30, 2025 | ||||||||||||||
| INTEREST AND DIVIDEND INCOME | |||||||||||||||||||
| Interest and fees on loans | $ | 33,234 | $ | 32,234 | $ | 30,612 | $ | 97,013 | $ | 88,383 | |||||||||
| Interest on securities | 5,671 | 5,778 | 5,425 | 17,293 | 15,428 | ||||||||||||||
| Interest on deposits in other banks | 1,861 | 1,294 | 2,079 | 4,892 | 6,803 | ||||||||||||||
| Dividends on stock | 31 | 17 | 33 | 66 | 73 | ||||||||||||||
| Total Interest and Dividend Income | 40,797 | 39,323 | 38,149 | 119,264 | 110,687 | ||||||||||||||
| INTEREST EXPENSE | |||||||||||||||||||
| Interest on deposits | 10,914 | 10,356 | 11,263 | 32,010 | 33,372 | ||||||||||||||
| Total Interest Expense | 10,914 | 10,356 | 11,263 | 32,010 | 33,372 | ||||||||||||||
| Net Interest Income | 29,883 | 28,967 | 26,886 | 87,254 | 77,315 | ||||||||||||||
| Provision for credit losses | 500 | 750 | 650 | 2,000 | 1,550 | ||||||||||||||
| Net Interest Income After Provision for Credit Losses | 29,383 | 28,217 | 26,236 | 85,254 | 75,765 | ||||||||||||||
| NONINTEREST INCOME | |||||||||||||||||||
| Service charges on deposit accounts | 1,430 | 1,388 | 1,442 | 4,213 | 4,160 | ||||||||||||||
| Debit card income, net | 1,062 | 1,067 | 852 | 3,045 | 2,925 | ||||||||||||||
| Mortgage loan income | 698 | 928 | 652 | 2,231 | 1,749 | ||||||||||||||
| Brokerage income | 1,015 | 874 | 1,131 | 2,827 | 3,446 | ||||||||||||||
| Loan and deposit income | 456 | 521 | 393 | 1,475 | 1,270 | ||||||||||||||
| Bank-owned life insurance income | 241 | 236 | 224 | 697 | 661 | ||||||||||||||
| Gain (Loss) on equity securities | (113 | ) | (13 | ) | 28 | (144 | ) | 82 | |||||||||||
| Gain (Loss) on sale and call of securities | — | (22 | ) | — | (22 | ) | — | ||||||||||||
| SBIC income (loss) | 112 | (291 | ) | (75 | ) | (283 | ) | 252 | |||||||||||
| Other income (loss) | 23 | 50 | 378 | 155 | 470 | ||||||||||||||
| Total Noninterest Income | 4,924 | 4,738 | 5,025 | 14,194 | 15,015 | ||||||||||||||
| OPERATING EXPENSES | |||||||||||||||||||
| Personnel expenses | 10,917 | 10,711 | 10,511 | 32,145 | 30,750 | ||||||||||||||
| Occupancy and equipment expenses | 1,939 | 1,935 | 1,846 | 5,758 | 5,394 | ||||||||||||||
| Technology expenses | 978 | 955 | 831 | 2,796 | 2,486 | ||||||||||||||
| Advertising | 344 | 324 | 293 | 995 | 911 | ||||||||||||||
| Other business development expenses | 600 | 641 | 531 | 1,790 | 1,544 | ||||||||||||||
| Data processing expense | 783 | 758 | 724 | 1,918 | 1,734 | ||||||||||||||
| Other taxes | 559 | 553 | 604 | 1,671 | 1,825 | ||||||||||||||
| Loan and deposit expenses | 426 | 242 | 356 | 771 | 816 | ||||||||||||||
| Legal and professional expenses | 487 | 604 | 605 | 1,621 | 1,849 | ||||||||||||||
| Regulatory assessment expenses | 450 | 409 | 430 | 1,275 | 1,209 | ||||||||||||||
| Other operating expenses | 1,211 | 1,154 | 1,158 | 3,490 | 3,326 | ||||||||||||||
| Total Operating Expenses | 18,694 | 18,286 | 17,889 | 54,230 | 51,844 | ||||||||||||||
| Income Before Income Tax Expense | 15,613 | 14,669 | 13,372 | 45,218 | 38,936 | ||||||||||||||
| Income tax expense | 3,050 | 2,906 | 2,571 | 8,921 | 7,587 | ||||||||||||||
| Net Income | $ | 12,563 | $ | 11,763 | $ | 10,801 | $ | 36,297 | $ | 31,349 | |||||||||
| RED RIVER BANCSHARES, INC. | |||||||||||||||||||
| NET INTEREST INCOME AND NET INTEREST MARGIN (UNAUDITED) | |||||||||||||||||||
| For the Three Months Ended | |||||||||||||||||||
| September 30, 2026 | June 30, 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) | $ | 2,299,635 | $ | 33,234 | 5.66 | % | $ | 2,262,588 | $ | 32,234 | 5.64 | % | |||||||
| Securities - taxable | 604,138 | 4,713 | 3.12 | % | 620,153 | 4,808 | 3.10 | % | |||||||||||
| Securities - tax-exempt | 178,077 | 958 | 2.15 | % | 181,703 | 970 | 2.14 | % | |||||||||||
| Interest-bearing deposits in other banks | 198,578 | 1,861 | 3.67 | % | 141,318 | 1,294 | 3.63 | % | |||||||||||
| Nonmarketable equity securities | 2,444 | 31 | 5.01 | % | 2,427 | 17 | 2.81 | % | |||||||||||
| Total interest-earning assets | 3,282,872 | $ | 40,797 | 4.88 | % | 3,208,189 | $ | 39,323 | 4.86 | % | |||||||||
| Allowance for credit losses | (25,022 | ) | (24,334 | ) | |||||||||||||||
| Noninterest-earning assets | 116,272 | 120,368 | |||||||||||||||||
| Total assets | $ | 3,374,122 | $ | 3,304,223 | |||||||||||||||
| Liabilities and Stockholders’ Equity | |||||||||||||||||||
| Interest-bearing liabilities: | |||||||||||||||||||
| Interest-bearing transaction deposits | $ | 1,404,032 | $ | 5,691 | 1.61 | % | $ | 1,349,934 | $ | 5,192 | 1.54 | % | |||||||
| Time deposits | 608,435 | 5,223 | 3.41 | % | 607,580 | 5,164 | 3.41 | % | |||||||||||
| Total interest-bearing deposits | 2,012,467 | 10,914 | 2.15 | % | 1,957,514 | 10,356 | 2.12 | % | |||||||||||
| Other borrowings | — | — | — | % | — | — | — | % | |||||||||||
| Total interest-bearing liabilities | 2,012,467 | $ | 10,914 | 2.15 | % | 1,957,514 | $ | 10,356 | 2.12 | % | |||||||||
| Noninterest-bearing liabilities: | |||||||||||||||||||
| Noninterest-bearing deposits | 950,293 | 945,138 | |||||||||||||||||
| Accrued interest and other liabilities | 23,282 | 21,481 | |||||||||||||||||
| Total noninterest-bearing liabilities | 973,575 | 966,619 | |||||||||||||||||
| Stockholders’ equity | 388,080 | 380,090 | |||||||||||||||||
| Total liabilities and stockholders’ equity | $ | 3,374,122 | $ | 3,304,223 | |||||||||||||||
| Net interest income | $ | 29,883 | $ | 28,967 | |||||||||||||||
| Net interest spread | 2.73 | % | 2.74 | % | |||||||||||||||
| Net interest margin | 3.56 | % | 3.56 | % | |||||||||||||||
| Net interest margin FTE(3) | 3.61 | % | 3.61 | % | |||||||||||||||
| Cost of deposits | 1.46 | % | 1.43 | % | |||||||||||||||
| Cost of funds | 1.32 | % | 1.29 | % | |||||||||||||||
(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 Nine Months Ended | |||||||||||||||||||
| September 30, 2026 | 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) | $ | 2,272,701 | $ | 97,013 | 5.63 | % | $ | 2,121,894 | $ | 88,383 | 5.50 | % | |||||||
| Securities - taxable | 617,853 | 14,393 | 3.11 | % | 573,645 | 12,492 | 2.90 | % | |||||||||||
| Securities - tax-exempt | 180,907 | 2,900 | 2.14 | % | 187,210 | 2,936 | 2.09 | % | |||||||||||
| Interest-bearing deposits in other banks | 177,271 | 4,892 | 3.64 | % | 205,182 | 6,803 | 4.37 | % | |||||||||||
| Nonmarketable equity securities | 2,427 | 66 | 3.64 | % | 2,350 | 73 | 4.12 | % | |||||||||||
| Total interest-earning assets | 3,251,159 | $ | 119,264 | 4.85 | % | 3,090,281 | $ | 110,687 | 4.73 | % | |||||||||
| Allowance for credit losses | (24,339 | ) | (22,069 | ) | |||||||||||||||
| Noninterest-earning assets | 121,197 | 106,639 | |||||||||||||||||
| Total assets | $ | 3,348,017 | $ | 3,174,851 | |||||||||||||||
| Liabilities and Stockholders’ Equity | |||||||||||||||||||
| Interest-bearing liabilities: | |||||||||||||||||||
| Interest-bearing transaction deposits | $ | 1,397,896 | $ | 16,440 | 1.57 | % | $ | 1,308,321 | $ | 16,877 | 1.72 | % | |||||||
| Time deposits | 607,995 | 15,570 | 3.42 | % | 598,776 | 16,495 | 3.68 | % | |||||||||||
| Total interest-bearing deposits | 2,005,891 | 32,010 | 2.13 | % | 1,907,097 | 33,372 | 2.34 | % | |||||||||||
| Other borrowings | — | — | — | % | — | — | — | % | |||||||||||
| Total interest-bearing liabilities | 2,005,891 | $ | 32,010 | 2.13 | % | 1,907,097 | $ | 33,372 | 2.34 | % | |||||||||
| Noninterest-bearing liabilities: | |||||||||||||||||||
| Noninterest-bearing deposits | 937,804 | 910,743 | |||||||||||||||||
| Accrued interest and other liabilities | 23,243 | 23,766 | |||||||||||||||||
| Total noninterest-bearing liabilities | 961,047 | 934,509 | |||||||||||||||||
| Stockholders’ equity | 381,079 | 333,245 | |||||||||||||||||
| Total liabilities and stockholders’ equity | $ | 3,348,017 | $ | 3,174,851 | |||||||||||||||
| Net interest income | $ | 87,254 | $ | 77,315 | |||||||||||||||
| Net interest spread | 2.72 | % | 2.39 | % | |||||||||||||||
| Net interest margin | 3.53 | % | 3.29 | % | |||||||||||||||
| Net interest margin FTE(3) | 3.58 | % | 3.34 | % | |||||||||||||||
| Cost of deposits | 1.45 | % | 1.58 | % | |||||||||||||||
| Cost of funds | 1.32 | % | 1.44 | % | |||||||||||||||
(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) | September 30, 2026 | June 30, 2026 | September 30, 2025 | ||||||||
| Tangible common equity | |||||||||||
| Total stockholders’ equity | $ | 382,181 | $ | 384,551 | $ | 351,311 | |||||
| Adjustments: | |||||||||||
| Intangible assets | (1,546 | ) | (1,546 | ) | (1,546 | ) | |||||
| Tangible common equity (non-GAAP) | $ | 380,635 | $ | 383,005 | $ | 349,765 | |||||
| Realized common equity | |||||||||||
| Total stockholders’ equity | $ | 382,181 | $ | 384,551 | $ | 351,311 | |||||
| Adjustments: | |||||||||||
| Accumulated other comprehensive (income) loss | 58,104 | 44,688 | 46,639 | ||||||||
| Realized common equity (non-GAAP) | $ | 440,285 | $ | 429,239 | $ | 397,950 | |||||
| Common shares outstanding | 6,584,106 | 6,584,696 | 6,576,609 | ||||||||
| Book value per share | $ | 58.05 | $ | 58.40 | $ | 53.42 | |||||
| Tangible book value per share (non-GAAP) | $ | 57.81 | $ | 58.17 | $ | 53.18 | |||||
| Realized book value per share (non-GAAP) | $ | 66.87 | $ | 65.19 | $ | 60.51 | |||||
| Tangible assets | |||||||||||
| Total assets | $ | 3,367,551 | $ | 3,311,325 | $ | 3,214,363 | |||||
| Adjustments: | |||||||||||
| Intangible assets | (1,546 | ) | (1,546 | ) | (1,546 | ) | |||||
| Tangible assets (non-GAAP) | $ | 3,366,005 | $ | 3,309,779 | $ | 3,212,817 | |||||
| Stockholders’ equity to assets | 11.35 | % | 11.61 | % | 10.93 | % | |||||
| Tangible common equity to tangible assets (non-GAAP) | 11.31 | % | 11.57 | % | 10.89 | % | |||||
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What loan repricing does RRBI expect in the fourth quarter of 2026?
The company expects $93.8 million of fixed-rate loans at 5.85% to mature in the fourth quarter and expects to redeploy those funds into higher-rate loans. It also expects its $529.5 million of floating-rate loans at 6.24% to reprice slightly higher.