secwatch.observer — SEC 8-K summary
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Issuer:     RED RIVER BANCSHARES INC (RRBI)
CIK:        0001071236
Form:       8-K
Filed at:   2024-07-26T23:59:59+00:00
Accession:  0001071236-24-000067
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

Red River Bancshares Q2 net income $8.0M ($1.16 EPS); net interest margin improves to 2.92%
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- Net income of $8.0M, down 2.5% from Q1 2024 and 10.9% from Q2 2023; EPS flat at $1.16 vs Q1.
- Net interest income rose 2.0% to $21.8M; net interest margin FTE improved 9 bps to 2.92%.
- Deposits fell 1.1% to $2.72B, driven by seasonal tax outflows; loans held for investment slightly up to $2.05B.
- Nonperforming assets were $3.2M (0.11% of assets); ACL ratio stable at 1.06% of loans.
- Repurchased 16,220 shares for $764k; declared $0.09 quarterly dividend; new New Orleans branch opened.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1071236/000107123624000067/0001071236-24-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1071236/000107123624000067/rrbi-20240726.htm
  HTML page:      https://secwatch.observer/filing/0001071236-24-000067

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