secwatch.observer — SEC 8-K summary
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Issuer:     RED RIVER BANCSHARES INC (RRBI)
CIK:        0001071236
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0001071236-23-000033
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

Red River Bancshares Q1 net income $9.6M ($1.33 EPS), down 5.8% QoQ; deposits fall 2.4%
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- Net income $9.6M, EPS $1.33 vs Q4 $10.2M ($1.42); ROA 1.28%, ROE 14.33%.
- Deposits $2.73B, down $67.6M (2.4%) from Dec 2022, with mix shift to higher-cost accounts.
- Net interest margin (FTE) 3.13%, down 4bps QoQ due to deposit rate pressure.
- No provision expense; ACL 1.09% of loans HFI; NPAs 0.08% of assets.
- Quarterly dividend raised to $0.08/share; stock buyback spent $346K in Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1071236/000107123623000033/0001071236-23-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1071236/000107123623000033/rrbi-20230428.htm
  HTML page:      https://secwatch.observer/filing/0001071236-23-000033

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