Red River Bancshares Q2 net income $9.0M ($1.25 EPS), down 6.6% from Q1 on deposit cost pressure

RED RIVER BANCSHARES INC

2023-Q2 EPS reported $2.58

Net income $9.0M ($1.25 EPS) vs $9.6M ($1.33) in Q1; ROA 1.20%, ROE 12.78%.
Net interest margin FTE fell 17 bps to 2.96%; NII $21.5M from $22.9M Q1.
Deposits -$67.2M (-2.5%) to $2.66B; public entity deposits down 20%; uninsured 30.2%.
Loans HFI +$25.8M (+1.3%) to $1.95B; NPA ratio 0.07%; provision $300K.
Capital: leverage 11.48%, equity/assets 9.36%; dividend $0.08/sh; repurchased 11,894 shares for $601K.

item 2.02

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RED RIVER BANCSHARES INC reported second quarter of 2023 results: net income $9.0 million, EPS $1.25 per diluted common share.

Period: second quarter of 2023
Net income: $9.0 million
EPS: $1.25 per diluted common share
Result: reported results

Exact text from the filing

Red River Bancshares, Inc. Reports Second Quarter 2023 Financial Results

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Source: SEC EDGAR

accession 0001071236-23-000064

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