secwatch.observer — SEC 8-K summary
======================================

Issuer:     RED RIVER BANCSHARES INC (RRBI)
CIK:        0001071236
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0001071236-23-000081
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1071236/000107123623000081/0001071236-23-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1071236/000107123623000081/rrbi-20231030.htm
  HTML page:      https://secwatch.observer/filing/0001071236-23-000081

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer