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Red River Bancshares, Inc. - RRBI STOCK NEWS

Welcome to our dedicated page for Red River Bancshares news (Ticker: RRBI), a resource for investors and traders seeking the latest updates and insights on Red River Bancshares stock.

Red River Bancshares, Inc. (symbol: RRBI) is a Louisiana-based bank holding company founded in 1999. The company operates through its subsidiary, Red River Bank, which offers a comprehensive range of financial services tailored to meet the needs of both commercial and retail customers. With a network of 27 banking centers across Louisiana and a combined loan and deposit production office in New Orleans, Red River Bank plays a crucial role in supporting the financial needs of businesses, professionals, individuals, and public entities in the region.

Red River Bank provides various banking products including demand deposits, savings deposits, and time deposits. Its diversified loan portfolio includes commercial real estate loans, residential loans, commercial and industrial loans, and construction and development loans. The bank also offers specialized services such as Treasury Management Services, Private Banking Services, and Brokerage Services.

One of the bank’s significant milestones includes its recognition by S&P Market Intelligence as a Top 50 Community Bank in 2022, ranking 45th. This accolade underscores the bank’s financial strength and performance.

In terms of financial performance, Red River Bancshares reported a net income of $8.0 million for the third quarter of 2023. Although this represents a slight decrease compared to the previous quarter, the bank maintained strong liquidity and capital ratios. The company's strategic initiatives include active stock repurchase programs and a cautious approach to navigating the current economic environment characterized by higher interest rates and economic uncertainties.

Red River Bank is committed to conservative and customer-oriented banking principles, ensuring it remains well-positioned for future growth. The bank’s assets totaled $3.07 billion as of September 30, 2023, and it continues to expand its services and reach within Louisiana.

  • Financial Highlights: Quarterly net income: $8.0 million, EPS: $1.12 per share
  • Key Services: Treasury Management, Private Banking, and Brokerage Services
  • Operational Footprint: 27 banking centers across Louisiana

As of September 30, 2023, Red River Bank had a liquid asset ratio of 10.51% and maintained robust borrowing capacity to meet its liquidity needs. The bank’s strategic initiatives and careful management of financial conditions reflect its resilience and adaptability in a dynamic economic landscape.

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Red River Bancshares, Inc. (RRBI) announced a 12.5% increase in quarterly cash dividend to $0.09 per share, payable on March 21, 2024. This move showcases the company's commitment to returning capital to shareholders and maintaining strong capital ratios.
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Red River Bancshares, Inc. (RRBI) announced its financial results for Q4 and year-end 2023. Net income for Q4 was $8.3M, an increase of 3.4% from the previous quarter. Full-year net income was $34.9M, a decrease of 5.5% from 2022. The Company's assets increased by 2.0% to $3.13B. They also completed a stock repurchase program and approved a new one for 2024.
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Red River Bancshares, Inc. announced the appointment of Michael J. Brown, CFA, as a new director to the board of directors of the Company and Red River Bank. Mr. Brown brings over 30 years of experience in the financial services industry, including roles at Wachovia Corporate Services, First Commerce Corporation, IBERIABANK, and First Horizon Bank. He also served on the board of directors of Amerisafe, a publicly-traded insurance company, since 2014. The Company's President and CEO, Blake Chatelain, expressed enthusiasm for Michael's appointment, highlighting his expertise in banking operations and strategy.
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Red River Bancshares, Inc. (Nasdaq: RRBI) has announced the renewal of its stock repurchase program, authorizing the purchase of up to $5.0 million of its outstanding shares of common stock from January 1, 2024, through December 31, 2024. The current program expired on December 31, 2023, after the full $5.0 million authorized was purchased on December 8, 2023. Blake Chatelain, the Company’s President and Chief Executive Officer, expressed the Company’s commitment to creating long-term value for its shareholders.
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Red River Bancshares, Inc. (Nasdaq: RRBI) announced its unaudited financial results for Q3 2023. Net income was $8.0 million, a decrease of 10.6% compared to the previous quarter. Return on assets was 1.05% and return on equity was 11.15%. Total assets were $3.07 billion, with a $95.7 million increase in deposits. Loans held for investment remained consistent at $1.95 billion. Net interest income decreased due to higher deposit costs. The company repurchased $1.2 million of its common stock in Q3 2023.
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Red River Bancshares declares quarterly cash dividend of $0.08 per share of common stock.
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FAQ

What is the current stock price of Red River Bancshares (RRBI)?

The current stock price of Red River Bancshares (RRBI) is $55.41 as of December 24, 2024.

What is the market cap of Red River Bancshares (RRBI)?

The market cap of Red River Bancshares (RRBI) is approximately 373.5M.

What services does Red River Bank offer?

Red River Bank offers a range of financial services including demand deposits, savings deposits, time deposits, commercial loans, residential loans, and specialized services like Treasury Management, Private Banking, and Brokerage Services.

Where is Red River Bank located?

Red River Bank operates from 27 banking centers throughout Louisiana and a combined loan and deposit production office in New Orleans.

What was the net income for Red River Bancshares in the third quarter of 2023?

Red River Bancshares reported a net income of $8.0 million for the third quarter of 2023.

How did Red River Bank perform in terms of liquidity?

As of September 30, 2023, the bank had a liquid asset ratio of 10.51% and maintained $1.49 billion in borrowing capacity.

What is the bank’s approach to managing economic challenges?

Red River Bank adheres to conservative and customer-oriented banking principles, focusing on prudent management to navigate economic uncertainties and higher interest rates.

Has Red River Bank received any awards?

Yes, Red River Bank was ranked 45th in the Top 50 Community Banks by S&P Market Intelligence in 2022.

What are the primary deposit products of Red River Bank?

The primary deposit products include demand deposits, savings deposits, and time deposits.

What are some recent strategic initiatives by the bank?

Recent initiatives include active stock repurchase programs and expansion into new markets, such as the construction of a new banking center in New Orleans, expected to open in mid-2024.

What is the average deposit account size at Red River Bank?

As of September 30, 2023, the average deposit account size was approximately $28,000.

How does Red River Bank support its liquidity needs?

The bank utilizes various sources including cash and cash equivalents, securities available-for-sale, FHLB advances, federal funds lines, repurchase agreements, and other lines of credit to support its liquidity needs.

Red River Bancshares, Inc.

Nasdaq:RRBI

RRBI Rankings

RRBI Stock Data

373.49M
4.57M
31.32%
24.1%
0.31%
Banks - Regional
State Commercial Banks
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United States of America
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