RRBI · Red River Bancshares, Inc.

Red River Bancshares delivered record Q1 2026 net income of $12.0 million, up 4.9% from Q4 2025, driven by $590,000 in periodic operating expense reductions from vendor rebates and refunds, adding $0.07 to EPS. Net interest income edged higher to $28.4 million despite two fewer accrual days, with NIM FTE stable at 3.51% amid steady loan yields and lower deposit costs following FOMC rate cuts. Noninterest income dipped 8.4% due to absence of prior quarter's nonrecurring partnership income, while expenses fell 5.5% on personnel accruals and one-time credits. Balance sheet remained steady with $3.35 billion assets, flat $2.25 billion loans HFI as originations offset payoffs, and deposits at $2.95 billion after seasonal public fund outflows. Asset quality ticked up with NPAs at 0.13% of assets and ACL coverage at 1.07%. Management raised the dividend 66.7% to $0.25/share, signaling confidence in capital position, and launched a $10 million 2026 repurchase program with full capacity remaining. CEO Blake Chatelain highlighted loan pipeline for resumed growth, organic expansions including new offices in Shreveport, New Orleans, and Lafayette, and appointed Jim Nelson as New Orleans Market President. Forward, management projects slight NII and NIM expansion in Q2 from $201.4 million fixed-rate loan maturities repricing higher, stable floating rates, securities reinvestments, and maturing time deposits, tempered by global uncertainties like Iran events impacting energy prices and inflation.