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Earnings
Red River Bancshares reports Q1 EPS $1.10, two est. 91c » 08:44
04/29/21
04/29
08:44
04/29/21
08:44
RRBI

Red River Bancshares

$55.17 /

+0.78 (+1.43%)

Assets increased $178.0…

Assets increased $178.0 million in the first quarter of 2021 to $2.82 billion as of March 31, 2021, driven by a $174.9 million increase in deposits. Reports book value per share $38.99. Reports CET1 ratio 17.66%. Blake Chatelain, President and Chief Executive Officer, stated, "The first quarter of 2021 was busy on many fronts. Economic activity in our markets is slowly returning to pre-COVID-19 levels, our mortgage and brokerage volume was solid, lending activity picked up, and core relationship growth was steady. Mortgage loan activity and income continues at high levels. Our lenders processed PPP1 loan forgiveness applications while also implementing the PPP2 loan program. In keeping with our long-term relationship approach, we experienced robust deposit growth which was driven by both our legacy and new customers. We are pleased with the record-high earnings and solid balance sheet growth in the first quarter of 2021. Due to our financial results and capital levels, we increased the quarterly cash dividend to $0.07 per share for the first quarter of 2021 and were active with the stock buyback program. We are pleased to welcome Bridges Hall back to the Credit Policy Officer position, a position he had previously held for 2 years. We also welcome Jennifer Elliott as our new Northwest Market President. Jennifer has over 20 years of banking experience and knows the northwest Louisiana region very well. We also had various board member changes in the first quarter. We welcome Dr. Anna Moreau as a new board member and believe that she will add great value to our Company with her perspective and insight. Also, after 22 years as chair of our board, John Simpson passed along that responsibility. We are deeply grateful for his leadership, knowledge, and dedication to our Company since its founding. Teddy Price, also a founding board member, was elected as our new board chair, and we look forward to his guidance and leadership. All of us are hopeful that the transition to pre-COVID-19 normal life continues in 2021. Loan demand, while increasing, is still tepid and liquidity levels are high for most banks. Our first quarter results are encouraging, and we are cautiously optimistic that by the end of the year, the economy will have returned to pre-pandemic levels."

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RRBI Red River Bancshares
$55.17 /

+0.78 (+1.43%)

RRBI Red River Bancshares
$55.17 /

+0.78 (+1.43%)

05/12/20 Stephens
Red River Bancshares upgraded to Overweight from Equal Weight at Stephens
RRBI Red River Bancshares
$55.17 /

+0.78 (+1.43%)

Over a quarter ago
Hot Stocks
Red River Bank names Bridges Hall credit policy officer » 17:34
03/15/21
03/15
17:34
03/15/21
17:34
RRBI

Red River Bancshares

$61.64 /

+0.7 (+1.15%)

Red River Bank announced…

Red River Bank announced several organizational changes affecting the Northwest Louisiana market, which includes the Shreveport-Bossier City metropolitan statistical area. Bridges Hall has been named senior vice president and credit policy officer for Red River Bank. He will remain based in Shreveport, Louisiana. An employee of the bank since 2006, Bridges previously served as northwest market president and stepped in as interim credit policy officer following the untimely passing of the bank's previous officer. Jennifer Elliott has joined Red River Bank as northwest market president in Shreveport-Bossier City. Jennifer has more than two decades of banking experience and most recently served as north Louisiana market president for another national banking organization. "I am proud to join Red River Bank as we work together to serve the unique needs of customers in the Northwest Louisiana market," stated Jennifer. "Red River Bank offers a blend of easy access to knowledgeable bankers, combined with the sophisticated array of technology that businesses and individuals look for in a bank."

ShowHide Related Items >><<
RRBI Red River Bancshares
$61.64 /

+0.7 (+1.15%)

05/12/20 Stephens
Red River Bancshares upgraded to Overweight from Equal Weight at Stephens
RRBI Red River Bancshares
$61.64 /

+0.7 (+1.15%)

Earnings
Red River Bancshares reports Q4 EPS 99c, two est. 88c » 08:35
01/29/21
01/29
08:35
01/29/21
08:35
RRBI

Red River Bancshares

$50.34 /

+ (+0.00%)

For the fourth quarter of…

For the fourth quarter of 2020, the quarterly return on assets was 1.13% and the quarterly return on equity was 10.23%. Blake Chatelain, President and CEO stated, "The fourth quarter of 2020 was productive, and we completed a year of growth and progress for the Company. The PPP loan forgiveness process is under way and progressing quickly, as we believe it is in the best interest of our borrowers to finalize these loans. Mortgage loan activity and income continues at high levels. Additionally, we were pleased to announce our expansion in our Acadiana and Southwest Louisiana markets as part of our continued commitment to, and investment in, providing banking services throughout Louisiana. We have purchased banking center buildings in Lafayette and Lake Charles, and look forward to opening these locations as Red River Bank banking centers as quickly as possible and increasing our customer base in these vibrant markets. Both locations were former bank branches. Therefore, the total investment will be less than if we had built new buildings. We are greatly saddened by the loss of our longtime friend, supporter, and director on Red River Bancshares, Inc.'s board, Bill Hackmeyer, who passed away in early January 2021. His friendship, wise counsel, and guidance will be missed by our entire organization. As we begin 2021, we are hopeful that vaccinations will be successful and allow our customers and our communities to resume normal activities as the year progresses."

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RRBI Red River Bancshares
$50.34 /

+ (+0.00%)

RRBI Red River Bancshares
$50.34 /

+ (+0.00%)

05/12/20 Stephens
Red River Bancshares upgraded to Overweight from Equal Weight at Stephens
RRBI Red River Bancshares
$50.34 /

+ (+0.00%)

Earnings
Red River Bancshares reports Q3 EPS 99c, two est. 72c » 08:57
10/29/20
10/29
08:57
10/29/20
08:57
RRBI

Red River Bancshares

$45.90 /

-1.5 (-3.16%)

Blake Chatelain,…

Blake Chatelain, President and Chief Executive Officer, stated, "In the third quarter we kept our focus on helping our customers through the challenges of 2020. Since the pandemic began in March 2020, our goal has been to be as accessible as possible to our customers, while also implementing social distancing and other protective measures to protect employees and customers. Despite the continued challenges, we had many achievements during the third quarter of 2020. The Red River Bank Mortgage Department had another busy quarter, producing record-high volumes of mortgage loan activity and income. Also, as Louisiana transitioned to Phase Three of the state's pandemic response plan and restrictions on businesses decreased, customer traffic in our banking centers returned to near pre-pandemic levels. New deposit account opening activity was strong, and we welcomed new banking relationships to Red River Bank. As part of our capital management plan, we approved and implemented a stock repurchase program. We are very pleased to expand to Lafayette and to welcome Ben Smith as our new Acadiana Market President. The Lafayette loan and deposit production office opened in mid-September 2020, and we are excited to serve our Acadiana customers with this new location. In addition to the pandemic 'storm', Louisiana was hit by two hurricanes. Hurricane Laura was a powerful hurricane that made landfall near Lake Charles in southwest Louisiana and moved inland through central Louisiana, causing significant damage. Fortunately, none of our locations or employees sustained significant physical harm. Despite major damage in our Central Louisiana headquarters area and Lake Charles, our Baton Rouge and Covington markets provided full banking services on the day Laura hit. Several of our Central Louisiana banking centers, as well as our Shreveport centers, opened the day after Laura. Our hardest hit locations in Lake Charles opened early the following week. Six weeks later Hurricane Delta made landfall and followed a similar path as Laura. Thankfully Delta was a weaker storm; however, it disrupted repair and cleanup efforts in southwest Louisiana. Even though many employees had personal challenges due to these hurricanes, Red River Bank operations continued and customers' banking needs were met. Our bankers remain hard at work daily to help our communities and customers recover from these hurricanes. While 2020 has been full of challenges, the Red River Bank team recognizes that we are an essential business, and our goal is to provide uninterrupted banking services to existing and new customers."

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RRBI Red River Bancshares
$45.90 /

-1.5 (-3.16%)

RRBI Red River Bancshares
$45.90 /

-1.5 (-3.16%)

05/12/20 Stephens
Red River Bancshares upgraded to Overweight from Equal Weight at Stephens
RRBI Red River Bancshares
$45.90 /

-1.5 (-3.16%)

Hot Stocks
Red River Bancshares announces up to $3M stock repurchase program » 16:01
08/27/20
08/27
16:01
08/27/20
16:01
RRBI

Red River Bancshares

$45.40 /

-0.45 (-0.98%)

Red River Bancshares…

Red River Bancshares announced that its board approved a stock repurchase program. The repurchase program authorizes the company to purchase up to $3M of outstanding shares of common stock through August 27, 2021. Repurchases may be made from time to time in the open market at prevailing prices and based on market conditions, or in privately negotiated transactions.

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RRBI Red River Bancshares
$45.40 /

-0.45 (-0.98%)

RRBI Red River Bancshares
$45.40 /

-0.45 (-0.98%)

05/12/20 Stephens
Red River Bancshares upgraded to Overweight from Equal Weight at Stephens
RRBI Red River Bancshares
$45.40 /

-0.45 (-0.98%)

Hot Stocks
Red River Bank to expand operations to Lafayette, Louisiana market » 12:00
07/31/20
07/31
12:00
07/31/20
12:00
RRBI

Red River Bancshares

$41.20 /

+ (+0.00%)

Red River Bank announced…

Red River Bank announced that it intends to expand its operations to the Lafayette market, initially with plans to open a loan production office and later provide full-service banking center options. Ben Smith has joined the Red River Bank team as Market President to lead the effort in developing a presence in the Acadiana region. Smith is a native of Houma, Louisiana, and a graduate of the University of Louisiana at Lafayette. Smith has spent the last 15 years in commercial banking and has been in Lafayette for the last 10 years after previously working in New Orleans and Houma.

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RRBI Red River Bancshares
$41.20 /

+ (+0.00%)

RRBI Red River Bancshares
$41.20 /

+ (+0.00%)

05/12/20 Stephens
Red River Bancshares upgraded to Overweight from Equal Weight at Stephens
RRBI Red River Bancshares
$41.20 /

+ (+0.00%)

Earnings
Red River Bancshares reports Q2 EPS 93c, two est. 74c » 08:59
07/29/20
07/29
08:59
07/29/20
08:59
RRBI

Red River Bancshares

$41.98 /

+0.58 (+1.40%)

Blake Chatelain,…

Blake Chatelain, President and CEO stated, "The second quarter of 2020 was challenging for the Company, our customers, communities, and employees. The highlight of the quarter was our performance with PPP loans. The Red River Bank PPP team worked together to help borrowers through the PPP process, with approximately 95% of our applicants receiving their PPP funds during the first round, and the remaining 5% of our applicants receiving their funding quickly in the second round. These funds were crucial to helping our borrowers operate and pay their employees during the pandemic-caused shutdown. In the second quarter of 2020, we assessed the possible impact of the economic shutdown on our loan portfolio and increased the provision for loan loss expense by $1.0 million compared to the prior quarter. As of June 30, 2020, our asset quality metrics remained solid; however, we recognize the uncertainty relating to the economic damage caused by the shutdown and the future risks associated with the continuing COVID-19 pandemic. We continue to monitor loan payment status closely, and we will adjust the provision for loan losses as needed in the third and fourth quarters of 2020. Due to the pandemic and the related economic shutdown, customer banking transactions were lower than normal, commercial loan demand was weak, and income in selected categories was reduced. These challenges were offset by robust mortgage refinancing activity resulting in higher mortgage income, accomplished in spite of new, challenging complexities in the mortgage market. Also in the second quarter of 2020, deposit balances increased 19.8%, and we experienced record-high new deposit account opening activity. We believe that our banking reputation benefited from our simple, digital PPP process that was quickly available to borrowers. We have, and are still gaining, new banking relationships due to our focus on serving our customers quickly, efficiently, and professionally. Times like these provide us the opportunity to build value with our customers and our communities. Community banks are the lifeline of the small business economy, and the PPP was possible due to community banks like Red River Bank. We are preparing for the PPP forgiveness process and plan to support our borrowers with this important next step. We are optimistic about the recovery; however, we realize that it is likely to be a longer and more volatile path than originally expected."

ShowHide Related Items >><<
RRBI Red River Bancshares
$41.98 /

+0.58 (+1.40%)

RRBI Red River Bancshares
$41.98 /

+0.58 (+1.40%)

05/12/20 Stephens
Red River Bancshares upgraded to Overweight from Equal Weight at Stephens
RRBI Red River Bancshares
$41.98 /

+0.58 (+1.40%)

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