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 ...

Core Viewpoint - Red River Bancshares Inc. (RRBI) is actively engaging in share repurchase agreements and dividend payments to enhance shareholder value, despite facing a decline in share price year-to-date. Group 1: Share Repurchase Activities - RRBI has entered into a private stock repurchase agreement for $3 million to buy back 60,000 shares, reducing its repurchase program availability by the same amount [1] - The company amended its previously approved $5 million repurchase program, leaving approximately $1.2 million available for future repurchases after this transaction [2] - In the first half of 2024, RRBI repurchased 16,220 shares at a total cost of $764,000, and in March, it completed a buyback of 200,000 shares for $10 million [2] Group 2: Dividend Payments - RRBI announced a dividend of 9 cents per share, payable on September 19, 2024, marking the third increase in dividends over the last five years [3] - The company has a five-year annualized dividend growth rate of 9.5% and a dividend payout ratio of 8% [3] Group 3: Financial Position - As of June 30, 2024, RRBI reported total deposits of $2.7 billion and cash and cash equivalents of $213.1 million, indicating strong liquidity [4] - The Common Equity Tier 1 (CET1) capital ratio stood at 16.99%, reflecting a solid balance sheet position that supports its capital distribution plans [4] - Year-to-date, RRBI shares have declined by 10.9%, contrasting with a 0.8% decline in the industry [4]

ALEXANDRIA, La., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (Nasdaq: RRBI) (the "Company") announced today that, on August 8, 2024, the Company entered into a stock repurchase agreement with two shareholders for the repurchase by the Company of 60,000 shares of its common stock in a privately-negotiated transaction for a purchase price of $3.0 million. The purchase price reflects a discount to the 10-, 20-, and 30-day volume weighted average price on July 31, 2024. In connection with the r ...

This quarterly report represents an earnings surprise of 3.57%. A quarter ago, it was expected that this holding company for Red River Bank would post earnings of $1.05 per share when it actually produced earnings of $1.16, delivering a surprise of 10.48%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. While Red River Bancshares has underperformed the market ...

Exhibit 99.1 RED RIVER BANCSHARES, INC. FOR IMMEDIATE RELEASE Red River Bancshares, Inc. Reports Second Quarter 2024 Financial Results ALEXANDRIA, Louisiana, July 26, 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 second quarter of 2024. Net income for the second quarter of 2024 was $8.0 million, or $1.16 per diluted common share ("EPS"), a decrease of $201,000, o ...

ALEXANDRIA, La., July 26, 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 second quarter of 2024. Net income for the six months ended June 30, 2024, was $16.2 million, or $2.31 EPS, a decrease of $2.4 million, or 12.9%, compared to $18.6 million, or $2.58 EPS, for the six months ended June 30, 2023. For the six months ended June 30, 2024, the return on assets was 1 ...