| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 32.94 | 10.2% |
| Total Income | 32.94 | 10.2% |
| Expenditure | 18.00 | 5.6% |
| PBT | 14.94 | 16.4% |
| Net Profit | 11.97 | 15.7% |
| OPM | — | |
| NPM | 36.34% | 1.70pp |
| EPS | 1.82 | 18.9% |
Red River Bancshares Reports Q1 2026 Net Income of $12.0 Million
03 May 2026 · 3 May, 6:13 pm
Summary
Red River Bancshares, Inc. announced its first quarter 2026 financial results, reporting a record-high net income of $12.0 million, or $1.81 per diluted common share. The company's net interest margin FTE remained consistent at 3.51%. A quarterly cash dividend was increased by 66.7% to $0.25 per share. The company is focused on its organic growth strategy, including relocating several locations and building a new banking center.
Key Highlights
- 1
Red River Bancshares, Inc. reported a record-high quarterly net income of $12.0 million for the first quarter of 2026.
- 2
Earnings per diluted common share were $1.81 for the first quarter of 2026, compared to $1.73 for the fourth quarter of 2025.
- 3
The company increased the quarterly cash dividend by 66.7% to $0.25 per share for the first quarter of 2026.
- 4
Net interest margin FTE remained consistent at 3.51% for the first quarter of 2026.
- 5
Loans held for investment were $2.25 billion as of March 31, 2026, consistent with the prior quarter.
- 6
Deposits totaled $2.95 billion as of March 31, 2026, a slight decrease of 0.6% from the previous quarter.
- 7
The company's 2026 stock repurchase program authorizes the purchase of up to $10.0 million of outstanding shares.
Management Comments
Blake Chatelain
We are pleased to report another strong quarter of financial results to start 2026. As a result of our consistent earnings and strong capital levels, the board of directors approved a 66.7% increase to the quarterly cash dividend for the first quarter of 2026 to $0.25 per share. Net income and EPS in the first quarter of 2026 were at record-high levels and benefited from periodic rebates and refunds from vendors. We continue to remain focused on managing the net interest margin FTE, which remained steady at 3.51% between the first quarter of 2026 and the prior quarter. In the second half of 2025, we experienced strong loan growth. In the first quarter of 2026, loans were consistent with the prior quarter; however, based on loan pipeline activity, we are expecting loan growth to resume during the remainder of the year. Deposit activity was solid in the first quarter of 2026, and the slight decrease in deposits was a result of the seasonal outflows of public funds that occur every year. We remain focused on our organic growth strategy. We are relocating several locations, building a new banking center, and constantly recruiting new bankers to join the Red River Bank team. We are very pleased to announce Jim Nelson as the New Orleans market president. Jim is a dynamic leader with deep ties to the New Orleans market. His experience, vision, and dedication to clients and the community make him the ideal choice to lead the New Orleans market for Red River Bank. As we move through 2026, we are well-positioned for continued progress and success. However, the world events in March 2026 remind us of how quickly situations can change. We are watching the situation in Iran and around the world closely. These actions certainly have the potential to impact the environment for all banks, businesses, and individuals. Uncertainty related to these events are impacting the United States and global economies. Increasing oil, gas, and energy prices are impacting inflation and could influence future interest rates. The 2026 forecast is challenging to predict; therefore, we remain positive, yet vigilant, as we monitor our communities and stay close to our customers. As always, we remain committed to serving our customers, growing, and providing steady financial results for our shareholders.
Informational and educational content only. Not investment advice.