Red River Bancshares Q4 net income $8.3M ($1.16 EPS), NIM improves 4 bps to 2.82%

RED RIVER BANCSHARES INC

2023-FY EPS reported $4.86

Net income of $8.3M, up 3.4% QoQ; EPS $1.16 vs $1.12 prior quarter; YoY net income down 18.6%.
Net interest margin (FTE) 2.82%, up from 2.78% Q3, driven by higher yields on securities and loans.
Deposits $2.80B (+$42M QoQ); loans HFI $1.99B (+$44.3M); nonperforming assets 0.08% of total assets.
Completed 2023 $5M share repurchase program; Board approved new $5M program for 2024.
Quarterly cash dividend maintained at $0.08 per share; paid Dec 14, 2023.

item 2.02

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

RED RIVER BANCSHARES INC reported fourth quarter and year ended December 31, 2023 results: net income $8.3 million, EPS $1.16 per diluted common share.

Period: fourth quarter and year ended December 31, 2023
Net income: $8.3 million
EPS: $1.16 per diluted common share
Result: reported results

Exact text from the filing

Red River Bancshares, Inc. Reports Fourth Quarter and Year-End 2023 Financial Results

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Source: SEC EDGAR

accession 0001071236-24-000015

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