Red River Bancshares(US:RRBI)2026-01-30 13:45Financial Performance - Net income for Q4 2025 was $11.4 million, or $1.73 per diluted share, a 5.7% increase from Q3 2025[3] - For the full year 2025, net income was $42.8 million, a 24.9% increase from $34.2 million in 2024[4] - Net income for Q4 2025 was $11.4 million, compared to $10.8 million in Q3 2025, representing a 5.7% increase[38] - Earnings per share (EPS) increased to $1.74 for Q4 2025, up from $1.63 in Q3 2025, marking an 6.7% rise[38] - Net income for the year ended December 31, 2025, reached $42,764,000, a significant increase of 24.56% compared to $34,235,000 in 2024[42] Assets and Deposits - Total assets reached $3.35 billion, an increase of $136.5 million, or 4.2%, from Q3 2025, driven by a $124.6 million increase in deposits[5] - Total assets increased to $3,350,910,000 as of December 31, 2025, up from $3,214,363,000 in the previous quarter, representing a 4.24% growth[40] - Total deposits totaled $2.96 billion, up $124.6 million, or 4.4%, from Q3 2025, primarily due to seasonal inflows from public entity customers[25] - Total deposits rose to $2,963,412,000, reflecting a 4.39% increase from $2,838,783,000 in the previous quarter[40] - Public deposits surged by $72.2 million, or 32.3%, from $223.4 million to $295.6 million[29] Interest Income and Margin - Net interest income for Q4 2025 was $28.2 million, a 5.0% increase from Q3 2025[11] - The net interest margin (FTE) increased to 3.51%, up 8 basis points from the previous quarter[8] - The bank's net interest margin improved to 3.46% in Q4 2025, compared to 3.38% in Q3 2025[38] - Net interest income for the three months ended December 31, 2025, was $28,241,000, an increase of 5.02% from $26,886,000 in the previous quarter[42] - The net interest margin improved to 3.46% for the three months ended December 31, 2025, compared to 3.38% in the previous quarter, indicating a positive trend in profitability[44] Operating Expenses and Efficiency - Operating expenses for Q4 2025 totaled $18.3 million, a 2.0% increase from Q3 2025[17] - Total operating expenses for the year ended December 31, 2025, were $70,095,000, up from $66,154,000 in 2024, indicating a 4.39% increase[42] - The efficiency ratio improved to 54.99% in Q4 2025, down from 56.06% in Q3 2025[38] Credit Losses - The provision for credit losses for Q4 2025 was $750,000, an increase of $100,000 from the prior quarter due to loan growth[23] - Provision for credit losses increased to $750,000 for the three months ended December 31, 2025, compared to $650,000 in the previous quarter[42] - The allowance for credit losses stood at $23,399,000 as of December 31, 2025, compared to $22,801,000 in the previous quarter[40] Growth and Expansion - The company plans to expand with new projects, including a new lending headquarters in Shreveport expected to be completed in summer 2026[10] - The bank operates 28 banking centers and two loan and deposit production offices across Louisiana[34] Equity and Valuation - Total stockholders' equity rose by $13.8 million, or 3.9%, from $351.3 million to $365.2 million, driven by $11.4 million in net income[30] - Total stockholders' equity increased to $365,150,000 as of December 31, 2025, compared to $351,311,000 in the previous quarter, reflecting a 3.77% growth[40] - The book value per share increased to $55.52 as of December 31, 2025, compared to $47.18 a year earlier, reflecting a growth of 17.73%[49] - Tangible common equity as of December 31, 2025, was $363,604 thousand, up from $318,193 thousand in 2024, indicating a growth of 14.26%[49] - The total stockholders' equity to assets ratio was 10.90% as of December 31, 2025, slightly down from 10.93% in the previous quarter, showing stability in capital structure[49]