Red River Bancshares Q3 net income down 10.6% to $8.0M; EPS $1.12 vs $1.25 prior quarter

RED RIVER BANCSHARES INC

2023-Q3 EPS reported $3.70

Net income $8.0M ($1.12 EPS) vs $9.0M ($1.25 EPS) in Q2 2023, a decrease of 10.6%.
Net interest income $20.7M vs $21.5M; net interest margin FTE 2.78% vs 2.96%.
Deposits up $95.7M to $2.76B; loans flat at $1.95B; NPAs remain low at 0.07% of assets.
Paid $0.08 quarterly dividend; repurchased 23,561 shares for $1.2M during Q3.
New Orleans banking center under construction, expected to open in Q3 2024.

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 third quarter of 2023 results: net income $8.0 million, EPS $1.12 per diluted common share.

Period: third quarter of 2023
Net income: $8.0 million
EPS: $1.12 per diluted common share
Result: reported results

Exact text from the filing

Net income for the third quarter of 2023 was $8.0 million, or $1.12 per diluted common share ("EPS")

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Source: SEC EDGAR

accession 0001071236-23-000081

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