Red River Bancshares Q3 net income $10.2M ($1.42 EPS), record high, up 11.4% QoQ

RED RIVER BANCSHARES INC

2022-Q3 EPS reported $3.71

Net income $10.2M ($1.42 diluted EPS) vs $9.1M ($1.27) in Q2 2022; return on assets 1.30%, return on equity 15.48%.
Net interest margin FTE 3.06% (up 31 bps QoQ); net interest income $23.1M (+9.2% from Q2).
Loans held for investment $1.88B (+2.1% QoQ); deposits $2.80B (-1.9% QoQ); assets $3.06B (-2.0% QoQ).
Nonperforming assets $2.7M (0.09% of assets) up from $971K; allowance for loan losses $20.0M (1.06% of loans).
Opened first full-service New Orleans branch August 1; paid $0.07 quarterly dividend; no share repurchases in Q3.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RED RIVER BANCSHARES INC reported the third quarter of 2022 results: net income $10.2 million, EPS $1.42 per diluted common share.

Period: the third quarter of 2022
Net income: $10.2 million
EPS: $1.42 per diluted common share
Result: reported results

Exact text from the filing

Net income for the third quarter of 2022 was $10.2 million, or $1.42 per diluted common share (“EPS”), an increase of $1.0 million, or 11.4%, compared to $9.1 million, or $1.27 EPS, for the second quarter of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RED RIVER BANCSHARES INC reported the nine months ended September 30, 2022 results: net income $26.7 million, EPS $3.71 EPS.

Period: the nine months ended September 30, 2022
Net income: $26.7 million
EPS: $3.71 EPS
Result: reported results

Exact text from the filing

Net income for the nine months ended September 30, 2022, was $26.7 million, or $3.71 EPS, an increase of $2.3 million, or 9.3%, compared to $24.4 million, or $3.34 EPS, for the nine months ended September 30, 2021.

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Source: SEC EDGAR

accession 0001071236-22-000068

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