Red River Bancshares ( (RRBI) ) has released its Q4 earnings. Here is a breakdown of the information Red River Bancshares presented to its investors.
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Red River Bancshares, Inc. is a bank holding company for Red River Bank, a Louisiana state-chartered bank, providing a comprehensive range of banking products and services tailored to commercial and retail customers across Louisiana.
In its fourth quarter 2024 financial results, Red River Bancshares reported a net income of $9.3 million, marking a 6.3% increase from $8.8 million in the previous quarter. The company highlighted an improved net interest margin and higher net interest income, along with a successful stock repurchase transaction.
The key financial metrics showed a rise in net interest income to $23.7 million from $22.5 million in the prior quarter, driven by higher loan balances and lower deposit rates. Total assets reached $3.15 billion by year-end 2024, primarily due to an increase in deposits. Additionally, Red River Bank completed a significant stock repurchase, buying back 50,000 shares at $2.5 million, enhancing earnings per share.
Despite a slight year-over-year decrease in net income for 2024, Red River Bancshares maintained strong capital levels with a stockholders’ equity to assets ratio of 10.15%. The company continues to execute its expansion plan, including opening a new banking center in Lafayette, Louisiana.
Looking ahead, Red River Bancshares remains well-positioned with robust liquidity and capital levels. The management anticipates continued growth and value creation for shareholders in 2025, supported by strategic focus and favorable market conditions.
