Core Viewpoint - Red River Bancshares, Inc. reported strong financial performance in the fourth quarter of 2024, with increased net income and improved net interest margin, despite a slight decline in annual net income compared to the previous year [2][3][4]. Financial Performance - Net income for Q4 2024 was $9.3 million, or $1.37 per diluted share, up 6.3% from Q3 2024 and 12.2% from Q4 2023 [2][4]. - For the year ended December 31, 2024, net income was $34.2 million, or $4.95 EPS, a decrease of 1.8% from $34.9 million in 2023 [3]. - The return on assets for Q4 2024 was 1.18%, and the return on equity was 11.46% [2][3]. Operational Highlights - The company experienced an improved net interest margin, which increased to 3.09% in Q4 2024 from 2.98% in Q3 2024, driven by higher loan balances and lower deposit rates [4][11]. - Net interest income for Q4 2024 was $23.7 million, a 5.5% increase from the previous quarter [10]. - Total assets as of December 31, 2024, were $3.15 billion, reflecting a 1.5% increase from the previous quarter, primarily due to a $58.0 million increase in deposits [21][22]. Loan and Deposit Activity - Loans held for investment (HFI) increased to $2.08 billion, a slight rise from $2.06 billion in the previous quarter [26]. - Total deposits reached $2.81 billion, up 2.1% from $2.75 billion as of September 30, 2024, largely due to seasonal inflows from public entity customers [33][36]. Stock Repurchase and Dividends - The company repurchased 632 shares in Q4 2024 at a cost of $33,000, completing a stock repurchase program for 2024 that authorized up to $5.0 million [4][5]. - A quarterly cash dividend of $0.09 per share was paid in Q4 2024 [4]. Asset Quality - Nonperforming assets (NPAs) totaled $3.3 million, or 0.10% of total assets, as of December 31, 2024 [31]. - The allowance for credit losses (ACL) was $21.7 million, representing 1.05% of loans HFI [32]. Future Outlook - The company anticipates continued improvement in net interest income and margin in the first half of 2025, supported by a favorable interest rate environment [7][14].

Core Viewpoint - Red River Bancshares (RRBI) is identified as a strong value stock, currently holding a Zacks Rank of 2 (Buy) and an A grade in the Value category, indicating it is likely undervalued in the market [4][7]. Valuation Metrics - RRBI has a P/E ratio of 10.26, significantly lower than the industry average of 14.91, suggesting it is undervalued compared to its peers [4]. - The stock's P/B ratio stands at 1.09, which is attractive compared to the industry's average P/B of 2.07, further indicating potential undervaluation [5]. - RRBI's P/CF ratio is 9.94, well below the industry average of 17.58, reinforcing the notion that the stock may be undervalued based on its cash flow outlook [6]. Historical Performance - Over the past 52 weeks, RRBI's Forward P/E has fluctuated between a high of 12.86 and a low of 9.31, with a median of 10.66 [4]. - The P/B ratio for RRBI has ranged from a high of 1.30 to a low of 1.03, with a median of 1.14 over the past year [5]. - The P/CF ratio has varied between a high of 11.59 and a low of 8.67, with a median of 9.70 in the last 12 months [6].

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, incl ...

ALEXANDRIA, La., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (Nasdaq: RRBI) (the “Company”) announced today that its board of directors approved the renewal of its stock repurchase program, which will expire on December 31, 2024. The renewed repurchase program authorizes the Company to purchase up to $5.0 million of its outstanding shares of common stock from January 1, 2025 through December 31, 2025. Blake Chatelain, the Company’s President and Chief Executive Officer, said, “We are please ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Large accelerated filer ☐ Accelerated filer ☒ Non-accelerated filer ☐ Smaller reporting company☐ Emerging growth company☒ FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended: September 30, 2024 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 001- ...

ALEXANDRIA, La., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (Nasdaq: RRBI) (the “Company”) announced today that, on November 5, 2024, the Company entered into a stock repurchase agreement with two shareholders for the repurchase by the Company of 50,000 shares of its common stock in a privately-negotiated transaction for a purchase price of $2.5 million. The purchase price reflects a discount to the 10-, 20-, and 30-day volume weighted average price on November 1, 2024. Blake Chatelain, th ...

Red River Bancshares (RRBI) came out with quarterly earnings of $1.27 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.12 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.63%. A quarter ago, it was expected that this holding company for Red River Bank would post earnings of $1.12 per share when it actually produced earnings of $1.16, delivering a surprise of 3.57%. Over the ...

Exhibit 99.1 RED RIVER BANCSHARES, INC. FOR IMMEDIATE RELEASE Red River Bancshares, Inc. Reports Third Quarter 2024 Financial Results ALEXANDRIA, Louisiana, October 30, 2024 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (the "Company") (Nasdaq: RRBI), the holding company for Red River Bank (the "Bank"), announced today its unaudited financial results for the third quarter of 2024. Net income for the third quarter of 2024 was $8.8 million, or $1.27 per diluted common share ("EPS"), an increase of $767,000, ...

ALEXANDRIA, La., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (the "Company") (Nasdaq: RRBI), the holding company for Red River Bank (the "Bank"), announced today its unaudited financial results for the third quarter of 2024. Net income for the third quarter of 2024 was $8.8 million, or $1.27 per diluted common share ("EPS"), an increase of $767,000, or 9.6%, compared to $8.0 million, or $1.16 EPS, for the second quarter of 2024, and an increase of $733,000, or 9.1%, compared to $8.0 million ...

Red River Bancshares (RRBI) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Indi ...