earnings
confidence high
sentiment positive
materiality 0.75
Red River Bancshares Q3 net income up 9% to $8.8M, EPS $1.27; NIM expands to 2.98%
RED RIVER BANCSHARES INC
2024-Q3 EPS reported
$3.59
- Net income $8.8M ($1.27 EPS) vs $8.0M ($1.16 EPS) prior quarter and $8.0M ($1.12 EPS) a year ago.
- Net interest margin FTE improved 6 bps to 2.98%; net interest income $22.5M (+3.1% QoQ).
- Deposits up $30.5M to $2.75B; loans HFI slightly up to $2.06B; securities increased $31.1M.
- Completed $3.0M stock repurchase (60,000 shares); book value per share rose to $47.51.
- Asset quality stable: NPAs 0.10% of assets, ACL 1.06% of loans, net charge-offs near zero.