---
schema_version: "secwatch.filing_event.v1"
accession: "0001071236-24-000043"
form_type: "8-K"
ticker: "RRBI"
cik: "0001071236"
company_name: "RED RIVER BANCSHARES INC"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T07:23:33.588613+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Red River Bancshares Q1 net income $8.2M ($1.16 EPS), down 14.7% YoY; dividend increased to $0.09

## Summary
- Net income $8.2M ($1.16 diluted EPS) vs $9.6M ($1.33 EPS) in Q1 2023, a 14.7% YoY decline; sequential net income essentially flat.
- Net interest margin FTE 2.83%, up 1bp from prior quarter; loan yields improved but deposit costs rose 15bps to 1.70%.
- Loans HFI grew $45.2M (2.3%) to $2.04B; deposits declined $56.0M (2.0%) to $2.75B due to seasonal public fund outflows.
- Quarterly cash dividend increased to $0.09/share from $0.08; $10.0M stock buyback (200k shares) completed in March.
- Nonrecurring items boosted pretax income by ~$800k including vendor rebate ($262k), data processing refund ($284k), and debit card contract termination fee ($145k).

## SEC filing metadata
- accession: 0001071236-24-000043
- form_type: 8-K
- ticker: RRBI
- cik: 0001071236
- company_name: RED RIVER BANCSHARES INC
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1071236/000107123624000043/0001071236-24-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1071236/000107123624000043/rrbi-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001071236-24-000043
- JSON: https://secwatch.observer/filing/0001071236-24-000043.json
- Plain text: https://secwatch.observer/filing/0001071236-24-000043.txt

## Key facts
- Earnings Releases
  RED RIVER BANCSHARES INC reported the first quarter of 2024 results: net income $8.2 million, EPS $1.16 per diluted common share.
  - Period: the first quarter of 2024
  - Net income: $8.2 million
  - EPS: $1.16 per diluted common share
  - Result: reported results
  source text: Net income for the first quarter of 2024 was $8.2 million, or $1.16 per diluted common share (“EPS”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1071236/000107123624000043/0001071236-24-000043-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.