RED RIVER BANCSHARES INC

Listed Company

RRBICIK 0001071236NasdaqAcceleratedState Commercial BanksLouisianaFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$42.76M

Total Assets

$3.35B

Equity

$365.15M

Shares Out

6.58M

Op. Cash Flow

$44.79M

Business

Red River Bancshares, Inc. is a bank holding company that provides commercial and retail banking services through its wholly owned subsidiary, Red River Bank. It offers lending products (commercial, real estate, construction, consumer, mortgage loans), deposit accounts, treasury management, private banking, brokerage and investment services, and related digital and branch banking services. The company operates business-focused commercial banking, private banking, mortgage/brokerage, and treasury management segments. It serves customers across Louisiana from a network of banking centers, an LDPO, ATMs, online and mobile channels.

Summary from filing dated 2025-03-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest and fees on loans	120	109	93	76	68
Interest on securities	21	17	14	14	9
Interest on federal funds sold	0	0	886,000	1	88,000
Interest on deposits in other banks	8	11	10	4	658,000
Dividends on stock	93,000	95,000	155,000	40,000	10,000
Total Interest and Dividend Income	150	137	119	94	77
Interest on deposits	44	48	32	8	6
Interest on other borrowed funds	0	0	64,000	0	0
Total Interest Expense	44	48	32	8	—
Net Interest Income	106	89	86	87	72
Provision for credit losses	2	1	735,000	2	2
Net Interest Income After Provision for Credit Losses	103	88	86	85	70
Service charges on deposit accounts	6	6	6	6	5
Debit card income, net	4	4	4	4	4
Mortgage loan income	2	2	2	3	9
Brokerage income	5	4	4	4	3
Loan and deposit income	2	2	2	2	2
Bank-owned life insurance income	887,000	851,000	754,000	713,000	648,000
Gain (Loss) on equity securities	94,000	−28,000	−14,000	−468,000	−175,000
SBIC income (loss)	55,000	1	3	563,000	654,000
Other income (loss)	659,000	340,000	259,000	168,000	271,000
Total Noninterest Income	20	20	21	19	24
Personnel expenses	42	39	37	35	32
Occupancy and equipment expenses	7	7	7	6	5
Technology expenses	3	3	3	3	3
Advertising	1	1	1	1	921,000
Other business development expenses	2	2	2	2	1
Data processing expense	2	2	2	2	2
Other taxes	2	2	3	3	2
Loan and deposit expenses	1	895,000	984,000	659,000	1
Legal and professional expenses	2	3	2	2	2
Regulatory assessment expenses	2	2	2	1	933,000
Other operating expenses	4	4	4	4	4
Total Operating Expenses	70	66	64	59	54
Income Before Income Tax Expense	53	42	43	45	40
Income tax expense	10	8	8	8	7
Net Income	43	34	35	37	33
Basic (in dollars per share)	6.4	4.96	4.87	5.14	4.53
Diluted (in dollars per share)	6.38	4.95	4.86	5.13	4.51

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	26	31	53	38	23
Interest-bearing deposits in other banks	188	238	252	241	762
Total Cash and Cash Equivalents	213	269	305	278	785
Securities available-for-sale, at fair value (amortized cost of $690,485 and $613,393, respectively)	647	550	570	—	—
Securities held-to-maturity, at amortized cost (fair value of $104,371 and $108,990, respectively)	123	132	141	—	—
Equity securities, at fair value	3	3	3	10	8
Nonmarketable equity securities	2	2	2	3	3
Loans held for sale	3	3	1	518,000	4
Loans held for investment	2,249	2,075	1,993	1,916	—
Allowance for credit losses	−23	−22	−21	−21	−19
Loans held for investment, net	2,225	2,053	1,972	—	—
Premises and equipment, net	59	59	57	54	48
Accrued interest receivable	11	10	10	9	6
Bank-owned life insurance	31	30	30	29	28
Intangible assets	2	2	2	2	2
Right-of-use assets	1	3	4	4	4
Other assets	29	33	32	31	13
Total Assets	3,351	3,150	3,129	3,083	3,225
Noninterest-bearing deposits	914	866	916	1,091	1,150
Interest-bearing deposits	2,050	1,939	1,885	1,708	1,761
Total Deposits	2,960	2,810	2,800	2,800	2,910
Accrued interest payable	6	8	8	2	1
Lease liabilities	2	3	4	4	4
Accrued expenses and other liabilities	15	14	11	12	11
Total Liabilities	2,986	2,830	2,825	2,817	2,927
COMMITMENTS AND CONTINGENCIES	0	0	0	0	0
Preferred stock, no par value: Authorized - 1,000,000 shares; None Issued and Outstanding	0	0	0	0	0
Common stock, no par value: Authorized - 30,000,000 shares; Issued and Outstanding - 6,576,609 and 6,777,238 shares, respectively	28	39	55	60	60
Additional paid-in capital	3	3	2	2	2
Retained earnings	378	339	307	275	240
Accumulated other comprehensive income (loss)	−43	−60	−60	−71	−4
Total Stockholders Equity	365	320	304	266	298
Total Liabilities and Stockholders Equity	3,351	3,150	3,129	3,083	3,225

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	3	3	2	2	2
Amortization	799,000	694,000	548,000	533,000	646,000
Share-based compensation earned	440,000	370,000	319,000	274,000	269,000
Share-based board compensation earned	60,000	62,000	42,000	85,000	50,000
Net (accretion) amortization on securities AFS	1	1	2	2	2
Net (accretion) amortization on securities HTM	−1	−1	−2	−2	0
(Gain) Loss on equity securities	−94,000	28,000	14,000	468,000	175,000
(Gain) Loss on other assets owned	43,000	−10,000	60,000	60,000	−184,000
Deferred income tax (benefit) expense	−696,000	764,000	−330,000	313,000	−773,000
Net (increase) decrease in loans HFS	−601,000	−1	−788,000	4	25
Net (increase) decrease in accrued interest receivable	−1	−103,000	−1	−3	635,000
Net (increase) decrease in BOLI	−887,000	−851,000	−754,000	−714,000	−648,000
Net increase (decrease) in accrued interest payable	−1	−417,000	6	253,000	−464,000
Net increase (decrease) in accrued income taxes payable	49,000	358,000	−527,000	374,000	−70,000
Other operating activities, net	637,000	806,000	−2	2	−1
Net cash provided by (used in) operating activities	45	38	40	46	62
Maturities, principal repayments, and calls	104	147	151	71	99
Purchases	−182	−129	−96	−314	−389
Maturities, principal repayments, and calls	10	11	12	17	0
Sale of equity securities	0	0	7	7	0
Sale of nonmarketable equity securities	0	0	2	0	0
Purchase of nonmarketable equity securities	0	0	−792,000	−28,000	−3,000
Capital contribution in partnerships	−350,000	−861,000	−2	−892,000	—
Return of capital in partnerships	908,000	856,000	0	0	—
Net (increase) decrease in loans HFI	−175	−83	−77	−233	−96
Proceeds from sales of foreclosed assets	470,000	69,000	15,000	641,000	563,000
Proceeds from sales of premises and equipment	12,000	11,000	15,000	0	483,000
Purchases of premises and equipment	−3	−5	−5	−8	−3
Net cash provided by (used in) investing activities	−244	−59	−9	−439	−285
Net increase (decrease) in deposits	158	3	3	−111	570
Proceeds from other borrowed funds	0	0	60	0	0
Repayments of other borrowed funds	0	0	−60	0	0
Repurchase of common stock, excluding excise tax	−11	−16	−5	−218,000	−8
Cash dividends	−4	−2	−2	−2	−2
Net cash provided by (used in) financing activities	144	−16	−4	−114	560
Net change in cash and cash equivalents	−56	−36	27	−506	338
Interest	46	48	26	7	6
Federal income taxes	11	7	9	—	—
State income taxes	29,000	27,000	36,000	—	—
Assets acquired in settlement of loans	527,000	38,000	146,000	0	266,000

Filings

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