Red River Bancshares, Inc. Announces Increased Quarterly Cash Dividend

Rhea-AI Summary

Red River Bancshares (Nasdaq: RRBI) announced a significant increase in its quarterly cash dividend, raising it by 33% from $0.09 to $0.12 per share of common stock. The dividend will be paid on March 20, 2025, to shareholders of record as of March 10, 2025.

The company's board of directors approved this dividend increase on February 27, 2025, demonstrating their commitment to returning capital to shareholders while maintaining strong capital ratios.

Positive

• 33% increase in quarterly dividend ($0.12 vs previous $0.09)
• Demonstrates strong capital position
• Enhanced shareholder returns

Negative

• None.

ALEXANDRIA, La., Feb. 27, 2025 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (Nasdaq: RRBI) (the “Company”) announced today that on February 27, 2025, its board of directors declared a cash dividend of $0.12 per share of common stock, representing a 3 cent, or 33%, increase from the quarterly cash dividend of $0.09 per share declared on October 24, 2024. The cash dividend is payable on March 20, 2025, to shareholders of record as of the close of business on March 10, 2025. Blake Chatelain, President and Chief Executive Officer of the Company, stated, “We are pleased to increase our dividend this quarter. The Board’s decision to increase our dividend demonstrates our continued focus on returning capital to shareholders, while maintaining our commitment to strong capital ratios.”

About Red River Bancshares, Inc.
The Company 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.

Contact:
Julia E. Callis
Senior Vice President, General Counsel & Corporate Secretary
318-561-4042
julia.callis@redriverbank.net 

FAQ

What is the new quarterly dividend amount for Red River Bancshares (RRBI) stock?

The new quarterly dividend is $0.12 per share, increased from $0.09 per share.

When will Red River Bancshares (RRBI) pay its increased dividend?

The dividend will be paid on March 20, 2025, to shareholders of record as of March 10, 2025.

How much did Red River Bancshares (RRBI) increase its dividend in February 2025?

RRBI increased its dividend by 3 cents per share, representing a 33% increase.

What is the record date for RRBI's increased quarterly dividend?

The record date is March 10, 2025.