Red River Bancshares(US:RRBI)2025-10-30 12:45Financial Performance - Net income for Q3 2025 was $10.8 million, or $1.63 per diluted share, a 5.9% increase from Q2 2025's $10.2 million, or $1.51 EPS [3] - Net income for the third quarter of 2025 was $10.801 million, compared to $10.196 million in the previous quarter, marking an increase of 5.9% [39] - Earnings per share (diluted) rose to $1.63 for the third quarter of 2025, up from $1.51 in the previous quarter, reflecting an increase of 7.9% [39] - The return on average assets improved to 1.34% for the third quarter of 2025, compared to 1.30% in the previous quarter [39] - The efficiency ratio improved to 56.06% in the third quarter of 2025, down from 56.87% in the previous quarter, indicating better cost management [39] Income and Revenue - Net interest income for Q3 2025 was $26.9 million, a $1.1 million, or 4.1%, increase from Q2 2025 [12] - Noninterest income totaled $5.0 million for Q3 2025, a 6.5% increase from the previous quarter [14] - Interest and fees on loans amounted to $30,612,000 for the three months ended September 30, 2025, compared to $29,500,000 in the previous quarter, reflecting a growth of 3.8% [43] - Net interest income for the three months ended September 30, 2025, was $26,886,000, an increase of 4.1% compared to $25,819,000 in the previous quarter [43] - For the nine months ended September 30, 2025, net interest income reached $77,315 thousand, an increase from $65,607 thousand for the same period in 2024, marking a growth of 17.92% [48] Assets and Deposits - Total assets increased to $3,214,363,000 as of September 30, 2025, up from $3,168,092,000 in the previous quarter, representing a growth of 1.5% [41] - Total deposits reached $2.84 billion, an increase of $28.2 million, or 1.0%, compared to $2.81 billion as of June 30, 2025 [25] - Total deposits rose to $2,838,783,000 as of September 30, 2025, compared to $2,810,605,000 in the previous quarter, marking an increase of 1.0% [41] - Loans held for investment increased to $2.17 billion, up $34.5 million, or 1.6%, from $2.14 billion as of June 30, 2025 [19] Equity and Dividends - Stockholders' equity increased by $16.0 million, or 4.8%, from $335.4 million to $351.3 million during the third quarter of 2025 [30] - The cash dividend for Q3 2025 was increased by 25.0% to $0.15 per common share, up from $0.12 in the previous quarters [6] - Total stockholders' equity increased to $351,311,000 as of September 30, 2025, from $335,350,000 in the previous quarter, representing a growth of 4.0% [41] - Book value per share rose to $53.42 as of September 30, 2025, compared to $50.23 in the previous quarter, indicating an increase of 4.35% [51] Credit Quality - The provision for credit losses was $650,000, an increase of $200,000 from the prior quarter's $450,000 [23] - Nonperforming assets totaled $2.4 million, or 0.08% of assets, reflecting an increase of 83.9% from June 30, 2025 [22] Operational Developments - The company opened a new loan and deposit production office in Lafayette, Louisiana, as part of its expansion strategy [11] - Total operating expenses increased to $17,889,000 for the three months ended September 30, 2025, up from $17,367,000 in the previous quarter, a rise of 3.0% [43] Interest Margin - The net interest margin FTE improved to 3.43%, up 7 basis points from the previous quarter [8] - The net interest margin increased to 3.38% for the third quarter of 2025, compared to 3.31% in the previous quarter [39] - The net interest spread improved to 2.47% for the three months ended September 30, 2025, compared to 2.41% in the previous quarter, indicating enhanced efficiency in interest income generation [45]