Quarterly ResultMay 8, 2026, 06:07 AM
Red River Bancshares Q1 Net Income $11.97M; EPS $1.82
AI Summary
Red River Bancshares reported a significant increase in net income and basic earnings per share for the first quarter of 2026 compared to the same period in 2025. Net interest income also saw a healthy rise. While total assets and deposits experienced a slight decrease, the company's loans held for investment, net, and total stockholders' equity both increased.
Key Highlights
- Net income for Q1 2026 was $11,971 thousand, up from $10,352 thousand in Q1 2025.
- Basic earnings per share (EPS) for Q1 2026 was $1.82, compared to $1.53 in Q1 2025.
- Net interest income increased to $28,404 thousand in Q1 2026 from $24,610 thousand in Q1 2025.
- Total assets were $3,346,600 thousand as of March 31, 2026, a slight decrease from $3,350,910 thousand at December 31, 2025.
- Total deposits were $2,945,935 thousand as of March 31, 2026, down from $2,963,412 thousand at December 31, 2025.
- Loans held for investment, net, increased to $2,230,495 thousand as of March 31, 2026, from $2,225,270 thousand at December 31, 2025.
- Allowance for credit losses increased to $24,051 thousand as of March 31, 2026, from $23,399 thousand at December 31, 2025.
- Total stockholders' equity rose to $373,326 thousand as of March 31, 2026, from $365,150 thousand at December 31, 2025.
Price Impact
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