Annual Income Statements for Red River Bancshares
This table shows Red River Bancshares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Red River Bancshares
This table shows Red River Bancshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Income / (Loss) Attributable to Common Shareholders |
|
10 |
10 |
9.60 |
8.97 |
8.02 |
8.29 |
8.19 |
7.99 |
8.75 |
9.31 |
Consolidated Net Income / (Loss) |
|
10 |
10 |
9.60 |
8.97 |
8.02 |
8.29 |
8.19 |
7.99 |
8.75 |
9.31 |
Net Income / (Loss) Continuing Operations |
|
10 |
10 |
9.60 |
8.97 |
8.02 |
8.29 |
8.19 |
7.99 |
8.75 |
9.31 |
Total Pre-Tax Income |
|
12 |
12 |
12 |
11 |
9.89 |
10 |
10 |
9.90 |
11 |
12 |
Total Revenue |
|
28 |
28 |
27 |
28 |
26 |
26 |
26 |
27 |
28 |
29 |
Net Interest Income / (Expense) |
|
23 |
24 |
23 |
22 |
21 |
21 |
21 |
22 |
22 |
24 |
Total Interest Income |
|
25 |
27 |
28 |
28 |
30 |
32 |
33 |
34 |
35 |
36 |
Loans and Leases Interest Income |
|
20 |
21 |
22 |
23 |
24 |
25 |
26 |
27 |
28 |
28 |
Investment Securities Interest Income |
|
3.59 |
3.54 |
3.60 |
3.70 |
3.45 |
3.70 |
4.09 |
4.09 |
4.36 |
4.65 |
Deposits and Money Market Investments Interest Income |
|
1.24 |
1.52 |
1.74 |
1.67 |
2.95 |
3.44 |
3.04 |
2.71 |
2.63 |
2.70 |
Total Interest Expense |
|
1.80 |
3.31 |
4.82 |
6.96 |
9.60 |
11 |
12 |
12 |
12 |
12 |
Deposits Interest Expense |
|
1.80 |
3.31 |
4.82 |
6.93 |
9.56 |
11 |
12 |
12 |
12 |
12 |
Total Non-Interest Income |
|
4.87 |
4.62 |
4.34 |
6.01 |
5.58 |
5.19 |
4.93 |
5.10 |
5.42 |
5.00 |
Trust Fees by Commissions |
|
0.87 |
1.01 |
0.81 |
0.92 |
1.03 |
1.04 |
0.99 |
0.89 |
0.99 |
0.92 |
Service Charges on Deposit Accounts |
|
1.99 |
1.80 |
1.87 |
1.95 |
2.06 |
2.03 |
1.86 |
1.86 |
2.07 |
1.92 |
Other Service Charges |
|
0.96 |
1.03 |
1.00 |
0.98 |
0.89 |
0.95 |
1.10 |
1.04 |
1.00 |
1.03 |
Net Realized & Unrealized Capital Gains on Investments |
|
0.25 |
0.16 |
0.21 |
-0.06 |
0.81 |
1.91 |
-0.03 |
-0.01 |
0.41 |
1.06 |
Other Non-Interest Income |
|
0.81 |
0.61 |
0.45 |
2.21 |
0.80 |
-0.74 |
1.01 |
1.32 |
0.95 |
0.06 |
Provision for Credit Losses |
|
0.60 |
0.75 |
0.00 |
0.30 |
0.19 |
0.25 |
0.30 |
0.30 |
0.30 |
0.30 |
Total Non-Interest Expense |
|
15 |
15 |
15 |
16 |
16 |
16 |
16 |
17 |
17 |
17 |
Salaries and Employee Benefits |
|
8.85 |
8.68 |
9.00 |
9.55 |
9.46 |
9.23 |
9.55 |
9.60 |
9.70 |
9.77 |
Net Occupancy & Equipment Expense |
|
2.79 |
2.87 |
2.87 |
2.83 |
2.99 |
2.97 |
2.67 |
3.07 |
3.18 |
3.28 |
Marketing Expense |
|
0.75 |
0.86 |
0.72 |
0.84 |
0.85 |
0.88 |
0.81 |
1.00 |
0.84 |
0.80 |
Other Operating Expenses |
|
2.65 |
2.68 |
2.91 |
2.91 |
2.93 |
2.94 |
2.84 |
3.01 |
3.04 |
2.99 |
Income Tax Expense |
|
2.13 |
2.27 |
2.16 |
2.12 |
1.87 |
1.92 |
1.93 |
1.91 |
2.07 |
2.24 |
Basic Earnings per Share |
|
$1.42 |
$1.42 |
$1.34 |
$1.25 |
$1.12 |
$1.16 |
$1.16 |
$1.16 |
$1.28 |
$1.36 |
Weighted Average Basic Shares Outstanding |
|
7.18M |
7.18M |
7.19M |
7.18M |
7.13M |
7.09M |
6.90M |
6.89M |
6.83M |
6.78M |
Diluted Earnings per Share |
|
$1.42 |
$1.41 |
$1.33 |
$1.25 |
$1.12 |
$1.16 |
$1.16 |
$1.16 |
$1.27 |
$1.36 |
Weighted Average Diluted Shares Outstanding |
|
7.18M |
7.18M |
7.19M |
7.18M |
7.13M |
7.09M |
6.90M |
6.89M |
6.83M |
6.78M |
Weighted Average Basic & Diluted Shares Outstanding |
|
7.18M |
7.18M |
7.19M |
7.18M |
7.13M |
7.09M |
6.90M |
6.89M |
6.83M |
6.78M |
Annual Cash Flow Statements for Red River Bancshares
This table details how cash moves in and out of Red River Bancshares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
-506 |
27 |
-36 |
Net Cash From Operating Activities |
46 |
40 |
38 |
Net Cash From Continuing Operating Activities |
46 |
40 |
38 |
Net Income / (Loss) Continuing Operations |
37 |
35 |
34 |
Consolidated Net Income / (Loss) |
37 |
35 |
34 |
Provision For Loan Losses |
1.75 |
0.74 |
1.20 |
Depreciation Expense |
2.08 |
2.20 |
2.53 |
Amortization Expense |
0.92 |
0.66 |
0.56 |
Non-Cash Adjustments to Reconcile Net Income |
1.26 |
0.11 |
1.21 |
Changes in Operating Assets and Liabilities, net |
2.95 |
1.54 |
-1.45 |
Net Cash From Investing Activities |
-439 |
-8.74 |
-59 |
Net Cash From Continuing Investing Activities |
-439 |
-8.74 |
-59 |
Purchase of Property, Leasehold Improvements and Equipment |
-8.44 |
-4.92 |
-4.88 |
Purchase of Investment Securities |
-557 |
-176 |
-213 |
Sale of Property, Leasehold Improvements and Equipment |
0.00 |
0.02 |
0.01 |
Sale and/or Maturity of Investments |
127 |
172 |
158 |
Net Cash From Financing Activities |
-114 |
-4.34 |
-16 |
Net Cash From Continuing Financing Activities |
-114 |
-4.34 |
-16 |
Net Change in Deposits |
-111 |
2.95 |
3.22 |
Issuance of Debt |
0.00 |
60 |
0.00 |
Repayment of Debt |
0.00 |
-60 |
0.00 |
Repurchase of Common Equity |
-0.22 |
-5.00 |
-16 |
Payment of Dividends |
-2.01 |
-2.29 |
-2.48 |
Cash Interest Paid |
7.48 |
26 |
48 |
Cash Income Taxes Paid |
7.35 |
9.00 |
6.94 |
Quarterly Cash Flow Statements for Red River Bancshares
This table details how cash moves in and out of Red River Bancshares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Net Change in Cash & Equivalents |
|
-55 |
-23 |
-49 |
-7.15 |
100 |
-17 |
-76 |
-17 |
20 |
36 |
Net Cash From Operating Activities |
|
17 |
11 |
13 |
4.59 |
14 |
8.09 |
14 |
2.41 |
17 |
4.07 |
Net Cash From Continuing Operating Activities |
|
17 |
11 |
13 |
4.59 |
14 |
8.09 |
14 |
2.41 |
17 |
4.07 |
Net Income / (Loss) Continuing Operations |
|
10 |
10 |
9.60 |
8.97 |
8.02 |
8.29 |
8.19 |
7.99 |
8.75 |
9.31 |
Consolidated Net Income / (Loss) |
|
10 |
10 |
9.60 |
8.97 |
8.02 |
8.29 |
8.19 |
7.99 |
8.75 |
9.31 |
Provision For Loan Losses |
|
0.60 |
0.75 |
0.00 |
0.30 |
0.19 |
0.25 |
0.30 |
0.30 |
0.30 |
0.30 |
Depreciation Expense |
|
0.51 |
0.56 |
0.55 |
0.52 |
0.55 |
0.58 |
0.60 |
0.60 |
0.64 |
0.68 |
Amortization Expense |
|
0.08 |
0.24 |
0.34 |
0.05 |
0.10 |
0.17 |
0.15 |
0.10 |
0.12 |
0.19 |
Non-Cash Adjustments to Reconcile Net Income |
|
0.78 |
0.06 |
-0.30 |
0.06 |
0.58 |
-0.23 |
0.72 |
-0.41 |
0.36 |
0.55 |
Changes in Operating Assets and Liabilities, net |
|
4.99 |
-1.27 |
3.15 |
-5.31 |
4.67 |
-0.97 |
4.46 |
-6.16 |
7.21 |
-6.96 |
Net Cash From Investing Activities |
|
-18 |
-35 |
5.97 |
-3.36 |
52 |
-63 |
-23 |
11 |
-25 |
-23 |
Net Cash From Continuing Investing Activities |
|
-18 |
-35 |
5.97 |
-3.36 |
52 |
-63 |
-23 |
11 |
-25 |
-23 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-1.18 |
-2.12 |
-1.23 |
-1.02 |
-1.46 |
-1.21 |
-1.05 |
-0.97 |
-0.40 |
-2.46 |
Purchase of Investment Securities |
|
-196 |
-48 |
-14 |
-46 |
-7.02 |
-108 |
-62 |
27 |
-116 |
-61 |
Sale and/or Maturity of Investments |
|
179 |
14 |
22 |
44 |
62 |
44 |
40 |
-15 |
92 |
41 |
Net Cash From Financing Activities |
|
-54 |
1.94 |
-68 |
-8.38 |
34 |
39 |
-67 |
-31 |
27 |
55 |
Net Cash From Continuing Financing Activities |
|
-54 |
1.94 |
-68 |
-8.38 |
34 |
39 |
-67 |
-31 |
27 |
55 |
Net Change in Deposits |
|
-54 |
2.44 |
-68 |
-67 |
96 |
42 |
-56 |
-29 |
30 |
58 |
Repurchase of Common Equity |
|
- |
- |
-0.35 |
-0.60 |
-1.16 |
-2.90 |
-10 |
-0.76 |
-3.01 |
-2.53 |
Payment of Dividends |
|
-0.50 |
-0.50 |
-0.57 |
-0.57 |
-0.57 |
-0.57 |
-0.64 |
-0.62 |
-0.62 |
-0.61 |
Cash Interest Paid |
|
1.78 |
2.94 |
3.95 |
5.30 |
6.90 |
9.55 |
11 |
12 |
9.44 |
16 |
Cash Income Taxes Paid |
|
1.06 |
2.59 |
- |
- |
1.41 |
2.11 |
- |
- |
0.97 |
1.71 |
Annual Balance Sheets for Red River Bancshares
This table presents Red River Bancshares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
2022 |
2023 |
2024 |
Total Assets |
3,083 |
3,129 |
3,150 |
Cash and Due from Banks |
38 |
53 |
31 |
Interest Bearing Deposits at Other Banks |
241 |
252 |
238 |
Trading Account Securities |
780 |
717 |
687 |
Loans and Leases, Net of Allowance |
0.00 |
1,972 |
2,053 |
Loans and Leases |
- |
1,993 |
2,075 |
Allowance for Loan and Lease Losses |
- |
21 |
22 |
Loans Held for Sale |
0.52 |
1.31 |
2.55 |
Premises and Equipment, Net |
54 |
57 |
59 |
Intangible Assets |
1.55 |
1.55 |
1.55 |
Other Assets |
1,968 |
75 |
77 |
Total Liabilities & Shareholders' Equity |
3,083 |
3,129 |
3,150 |
Total Liabilities |
2,817 |
2,825 |
2,830 |
Non-Interest Bearing Deposits |
1,091 |
916 |
866 |
Interest Bearing Deposits |
1,708 |
1,885 |
1,939 |
Accrued Interest Payable |
1.56 |
8.00 |
7.58 |
Other Long-Term Liabilities |
16 |
15 |
17 |
Commitments & Contingencies |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
266 |
304 |
320 |
Total Preferred & Common Equity |
266 |
304 |
320 |
Preferred Stock |
0.00 |
0.00 |
0.00 |
Total Common Equity |
266 |
304 |
320 |
Common Stock |
62 |
58 |
41 |
Retained Earnings |
275 |
307 |
339 |
Accumulated Other Comprehensive Income / (Loss) |
-71 |
-60 |
-60 |
Quarterly Balance Sheets for Red River Bancshares
This table presents Red River Bancshares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Total Assets |
|
3,060 |
3,031 |
3,027 |
3,066 |
3,073 |
3,049 |
3,102 |
Cash and Due from Banks |
|
39 |
34 |
37 |
42 |
19 |
35 |
40 |
Interest Bearing Deposits at Other Banks |
|
262 |
195 |
185 |
280 |
210 |
178 |
193 |
Trading Account Securities |
|
768 |
769 |
743 |
677 |
690 |
669 |
700 |
Loans and Leases, Net of Allowance |
|
-20 |
0.00 |
0.00 |
0.00 |
0.00 |
2,026 |
2,034 |
Loans and Leases |
|
- |
- |
- |
- |
- |
2,048 |
2,056 |
Allowance for Loan and Lease Losses |
|
20 |
- |
- |
- |
- |
22 |
22 |
Loans Held for Sale |
|
1.54 |
2.05 |
4.59 |
2.35 |
1.65 |
3.88 |
1.81 |
Premises and Equipment, Net |
|
53 |
55 |
56 |
56 |
58 |
58 |
58 |
Intangible Assets |
|
1.55 |
1.55 |
1.55 |
1.55 |
1.55 |
1.55 |
1.55 |
Other Assets |
|
1,955 |
1,974 |
2,000 |
2,006 |
2,092 |
77 |
74 |
Total Liabilities & Shareholders' Equity |
|
3,060 |
3,031 |
3,027 |
3,066 |
3,073 |
3,049 |
3,102 |
Total Liabilities |
|
2,816 |
2,754 |
2,744 |
2,784 |
2,774 |
2,742 |
2,777 |
Non-Interest Bearing Deposits |
|
1,172 |
1,060 |
990 |
972 |
895 |
893 |
882 |
Interest Bearing Deposits |
|
1,624 |
1,671 |
1,675 |
1,788 |
1,850 |
1,824 |
1,865 |
Accrued Interest Payable |
|
1.19 |
2.43 |
4.10 |
6.80 |
8.96 |
8.75 |
12 |
Other Long-Term Liabilities |
|
19 |
20 |
16 |
18 |
19 |
16 |
19 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
243 |
277 |
283 |
282 |
299 |
307 |
324 |
Total Preferred & Common Equity |
|
243 |
277 |
283 |
282 |
299 |
307 |
324 |
Preferred Stock |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Common Equity |
|
243 |
277 |
283 |
282 |
299 |
307 |
324 |
Common Stock |
|
62 |
62 |
61 |
60 |
48 |
47 |
44 |
Retained Earnings |
|
265 |
283 |
292 |
299 |
314 |
322 |
330 |
Accumulated Other Comprehensive Income / (Loss) |
|
-84 |
-69 |
-70 |
-77 |
-63 |
-62 |
-50 |
Annual Metrics And Ratios for Red River Bancshares
This table displays calculated financial ratios and metrics derived from Red River Bancshares' official financial filings.
Metric |
2022 |
2023 |
2024 |
Growth Metrics |
- |
- |
- |
Revenue Growth |
9.53% |
2.06% |
2.03% |
EBITDA Growth |
6.40% |
-4.54% |
-0.73% |
EBIT Growth |
12.28% |
-4.53% |
-1.31% |
NOPAT Growth |
12.03% |
-5.52% |
-1.85% |
Net Income Growth |
12.03% |
-5.52% |
-1.85% |
EPS Growth |
13.75% |
-5.26% |
1.85% |
Operating Cash Flow Growth |
-26.33% |
-12.55% |
-4.55% |
Free Cash Flow Firm Growth |
241.78% |
-104.64% |
669.96% |
Invested Capital Growth |
-10.87% |
14.34% |
5.23% |
Revenue Q/Q Growth |
3.79% |
-1.66% |
2.05% |
EBITDA Q/Q Growth |
3.71% |
-4.79% |
3.32% |
EBIT Q/Q Growth |
5.09% |
-4.99% |
3.26% |
NOPAT Q/Q Growth |
4.77% |
-5.16% |
3.05% |
Net Income Q/Q Growth |
4.77% |
-5.16% |
3.05% |
EPS Q/Q Growth |
5.12% |
-4.89% |
4.21% |
Operating Cash Flow Q/Q Growth |
-3.51% |
-5.72% |
-9.51% |
Free Cash Flow Firm Q/Q Growth |
-23.42% |
-82.90% |
300.60% |
Invested Capital Q/Q Growth |
9.18% |
7.77% |
-1.41% |
Profitability Metrics |
- |
- |
- |
EBITDA Margin |
45.52% |
42.58% |
41.43% |
EBIT Margin |
42.68% |
39.93% |
38.62% |
Profit (Net Income) Margin |
35.03% |
32.43% |
31.20% |
Tax Burden Percent |
82.07% |
81.22% |
80.78% |
Interest Burden Percent |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
17.93% |
18.78% |
19.22% |
Return on Invested Capital (ROIC) |
13.09% |
12.25% |
10.98% |
ROIC Less NNEP Spread (ROIC-NNEP) |
0.00% |
0.00% |
0.00% |
Return on Net Nonoperating Assets (RNNOA) |
0.00% |
0.00% |
0.00% |
Return on Equity (ROE) |
0.00% |
0.00% |
0.00% |
Cash Return on Invested Capital (CROIC) |
24.58% |
-1.13% |
5.88% |
Operating Return on Assets (OROA) |
1.43% |
1.38% |
1.35% |
Return on Assets (ROA) |
1.17% |
1.12% |
1.09% |
Return on Common Equity (ROCE) |
0.00% |
0.00% |
0.00% |
Return on Equity Simple (ROE_SIMPLE) |
13.89% |
11.48% |
10.71% |
Net Operating Profit after Tax (NOPAT) |
37 |
35 |
34 |
NOPAT Margin |
35.03% |
32.43% |
31.20% |
Net Nonoperating Expense Percent (NNEP) |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
45.84% |
48.53% |
49.46% |
Operating Expenses to Revenue |
55.66% |
59.39% |
60.29% |
Earnings before Interest and Taxes (EBIT) |
45 |
43 |
42 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
48 |
46 |
45 |
Valuation Ratios |
- |
- |
- |
Price to Book Value (P/BV) |
1.36 |
1.30 |
1.15 |
Price to Tangible Book Value (P/TBV) |
1.37 |
1.31 |
1.16 |
Price to Revenue (P/Rev) |
3.43 |
3.69 |
3.35 |
Price to Earnings (P/E) |
9.78 |
11.37 |
10.74 |
Dividend Yield |
0.56% |
0.58% |
0.67% |
Earnings Yield |
10.22% |
8.80% |
9.31% |
Enterprise Value to Invested Capital (EV/IC) |
0.31 |
0.30 |
0.31 |
Enterprise Value to Revenue (EV/Rev) |
0.78 |
0.85 |
0.90 |
Enterprise Value to EBITDA (EV/EBITDA) |
1.72 |
1.99 |
2.17 |
Enterprise Value to EBIT (EV/EBIT) |
1.84 |
2.12 |
2.33 |
Enterprise Value to NOPAT (EV/NOPAT) |
2.24 |
2.61 |
2.88 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
1.80 |
2.27 |
2.58 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
1.19 |
0.00 |
5.38 |
Leverage & Solvency |
- |
- |
- |
Debt to Equity |
0.00 |
0.00 |
0.00 |
Long-Term Debt to Equity |
0.00 |
0.00 |
0.00 |
Financial Leverage |
0.00 |
0.00 |
0.00 |
Leverage Ratio |
11.19 |
10.90 |
10.07 |
Compound Leverage Factor |
11.19 |
10.90 |
10.07 |
Debt to Total Capital |
0.00% |
0.00% |
0.00% |
Short-Term Debt to Total Capital |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
0.00% |
0.00% |
0.00% |
Preferred Equity to Total Capital |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
100.00% |
100.00% |
100.00% |
Debt to EBITDA |
0.00 |
0.00 |
0.00 |
Net Debt to EBITDA |
0.00 |
0.00 |
0.00 |
Long-Term Debt to EBITDA |
0.00 |
0.00 |
0.00 |
Debt to NOPAT |
0.00 |
0.00 |
0.00 |
Net Debt to NOPAT |
0.00 |
0.00 |
0.00 |
Long-Term Debt to NOPAT |
0.00 |
0.00 |
0.00 |
Noncontrolling Interest Sharing Ratio |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
- |
- |
- |
Cash Flow Metrics |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
69 |
-3.22 |
18 |
Operating Cash Flow to CapEx |
543.19% |
818.42% |
786.60% |
Free Cash Flow to Firm to Interest Expense |
8.96 |
-0.10 |
0.38 |
Operating Cash Flow to Interest Expense |
5.93 |
1.25 |
0.80 |
Operating Cash Flow Less CapEx to Interest Expense |
4.84 |
1.10 |
0.70 |
Efficiency Ratios |
- |
- |
- |
Asset Turnover |
0.03 |
0.03 |
0.04 |
Fixed Asset Turnover |
2.06 |
1.93 |
1.88 |
Capital & Investment Metrics |
- |
- |
- |
Invested Capital |
266 |
304 |
320 |
Invested Capital Turnover |
0.37 |
0.38 |
0.35 |
Increase / (Decrease) in Invested Capital |
-32 |
38 |
16 |
Enterprise Value (EV) |
83 |
91 |
99 |
Market Capitalization |
361 |
396 |
368 |
Book Value per Share |
$36.99 |
$42.61 |
$46.84 |
Tangible Book Value per Share |
$36.78 |
$42.39 |
$46.61 |
Total Capital |
266 |
304 |
320 |
Total Debt |
0.00 |
0.00 |
0.00 |
Total Long-Term Debt |
0.00 |
0.00 |
0.00 |
Net Debt |
-278 |
-305 |
-269 |
Capital Expenditures (CapEx) |
8.44 |
4.90 |
4.87 |
Net Nonoperating Expense (NNE) |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
0.00 |
0.00 |
0.00 |
Total Depreciation and Amortization (D&A) |
3.00 |
2.85 |
3.08 |
Earnings Adjustments |
- |
- |
- |
Adjusted Basic Earnings per Share |
$5.14 |
$4.87 |
$4.96 |
Adjusted Weighted Average Basic Shares Outstanding |
7.18M |
7.09M |
6.78M |
Adjusted Diluted Earnings per Share |
$5.13 |
$4.86 |
$4.95 |
Adjusted Weighted Average Diluted Shares Outstanding |
7.18M |
7.09M |
6.78M |
Adjusted Basic & Diluted Earnings per Share |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
7.18M |
7.09M |
6.78M |
Normalized Net Operating Profit after Tax (NOPAT) |
37 |
35 |
34 |
Normalized NOPAT Margin |
35.03% |
32.43% |
31.20% |
Pre Tax Income Margin |
42.68% |
39.93% |
38.62% |
Debt Service Ratios |
- |
- |
- |
EBIT to Interest Expense |
5.81 |
1.34 |
0.88 |
NOPAT to Interest Expense |
4.77 |
1.09 |
0.71 |
EBIT Less CapEx to Interest Expense |
4.72 |
1.18 |
0.78 |
NOPAT Less CapEx to Interest Expense |
3.68 |
0.93 |
0.61 |
Payout Ratios |
- |
- |
- |
Dividend Payout Ratio |
5.45% |
6.56% |
7.25% |
Augmented Payout Ratio |
6.04% |
20.90% |
54.89% |
Quarterly Metrics And Ratios for Red River Bancshares
This table displays calculated financial ratios and metrics derived from Red River Bancshares' official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
17.70% |
15.73% |
17.81% |
5.80% |
-5.90% |
-6.40% |
-3.52% |
-2.30% |
5.97% |
8.32% |
EBITDA Growth |
|
16.98% |
14.87% |
24.21% |
0.24% |
-18.35% |
-17.38% |
-14.06% |
-9.09% |
9.91% |
13.32% |
EBIT Growth |
|
24.16% |
21.20% |
31.88% |
-1.80% |
-19.68% |
-18.09% |
-13.97% |
-10.73% |
9.43% |
13.09% |
NOPAT Growth |
|
25.17% |
19.75% |
29.84% |
-1.96% |
-21.25% |
-18.63% |
-14.69% |
-10.94% |
9.14% |
12.23% |
Net Income Growth |
|
25.17% |
19.75% |
29.84% |
-1.96% |
-21.25% |
-18.63% |
-14.69% |
-10.94% |
9.14% |
12.23% |
EPS Growth |
|
26.79% |
21.55% |
29.13% |
-1.57% |
-21.13% |
-17.73% |
-12.78% |
-7.20% |
13.39% |
17.24% |
Operating Cash Flow Growth |
|
16.40% |
-13.70% |
51.01% |
-51.02% |
-17.77% |
-23.11% |
8.17% |
-47.41% |
23.28% |
-49.73% |
Free Cash Flow Firm Growth |
|
624.86% |
1,123.26% |
-107.90% |
-266.70% |
-146.62% |
-169.99% |
-568.17% |
154.91% |
-10.15% |
77.92% |
Invested Capital Growth |
|
-18.51% |
-10.87% |
4.44% |
35.40% |
15.83% |
14.34% |
8.20% |
-10.60% |
15.03% |
5.23% |
Revenue Q/Q Growth |
|
7.48% |
1.21% |
-3.69% |
0.98% |
-4.40% |
0.66% |
-0.71% |
2.26% |
3.69% |
2.90% |
EBITDA Q/Q Growth |
|
11.01% |
2.70% |
-4.57% |
-7.86% |
-9.57% |
3.91% |
-0.73% |
-2.53% |
9.31% |
7.14% |
EBIT Q/Q Growth |
|
9.09% |
1.19% |
-5.62% |
-5.75% |
-10.77% |
3.19% |
-0.87% |
-2.19% |
9.38% |
6.64% |
NOPAT Q/Q Growth |
|
11.36% |
0.05% |
-5.82% |
-6.56% |
-10.56% |
3.38% |
-1.25% |
-2.45% |
9.60% |
6.31% |
Net Income Q/Q Growth |
|
11.36% |
0.05% |
-5.82% |
-6.56% |
-10.56% |
3.38% |
-1.25% |
-2.45% |
9.60% |
6.31% |
EPS Q/Q Growth |
|
11.81% |
-0.70% |
-5.67% |
-6.02% |
-10.40% |
3.57% |
0.00% |
0.00% |
9.48% |
7.09% |
Operating Cash Flow Q/Q Growth |
|
83.05% |
-38.63% |
26.66% |
-65.58% |
207.35% |
-42.61% |
78.19% |
-83.27% |
620.43% |
-76.60% |
Free Cash Flow Firm Q/Q Growth |
|
35.04% |
-34.94% |
-105.09% |
-3,627.31% |
62.24% |
2.33% |
51.40% |
406.29% |
-175.76% |
80.42% |
Invested Capital Q/Q Growth |
|
-4.02% |
9.18% |
4.10% |
24.12% |
-17.89% |
7.77% |
-1.49% |
2.56% |
5.64% |
-1.41% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
46.17% |
46.85% |
46.42% |
42.36% |
40.07% |
41.36% |
41.35% |
39.42% |
41.56% |
43.27% |
EBIT Margin |
|
44.05% |
44.04% |
43.16% |
40.28% |
37.60% |
38.55% |
38.48% |
36.81% |
38.83% |
40.24% |
Profit (Net Income) Margin |
|
36.44% |
36.02% |
35.22% |
32.59% |
30.49% |
31.31% |
31.14% |
29.71% |
31.40% |
32.44% |
Tax Burden Percent |
|
82.72% |
81.78% |
81.61% |
80.90% |
81.09% |
81.24% |
80.93% |
80.71% |
80.88% |
80.62% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
17.28% |
18.22% |
18.39% |
19.10% |
18.91% |
18.76% |
19.07% |
19.29% |
19.12% |
19.38% |
Return on Invested Capital (ROIC) |
|
13.65% |
13.46% |
14.25% |
12.12% |
12.69% |
11.83% |
11.53% |
9.68% |
11.14% |
11.42% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.00% |
0.00% |
0.00% |
12.12% |
0.00% |
0.00% |
0.00% |
9.68% |
0.00% |
0.00% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.00% |
0.00% |
0.00% |
1.35% |
0.00% |
0.00% |
0.00% |
0.98% |
0.00% |
0.00% |
Return on Equity (ROE) |
|
0.00% |
0.00% |
0.00% |
13.48% |
0.00% |
0.00% |
0.00% |
10.66% |
0.00% |
0.00% |
Cash Return on Invested Capital (CROIC) |
|
33.39% |
24.58% |
10.10% |
-17.03% |
-0.67% |
-1.13% |
3.75% |
21.18% |
-3.02% |
5.88% |
Operating Return on Assets (OROA) |
|
1.47% |
1.47% |
1.51% |
1.45% |
1.34% |
1.33% |
1.34% |
1.28% |
1.35% |
1.41% |
Return on Assets (ROA) |
|
1.22% |
1.20% |
1.24% |
1.18% |
1.09% |
1.08% |
1.09% |
1.04% |
1.10% |
1.13% |
Return on Common Equity (ROCE) |
|
0.00% |
0.00% |
0.00% |
13.48% |
0.00% |
0.00% |
0.00% |
10.66% |
0.00% |
0.00% |
Return on Equity Simple (ROE_SIMPLE) |
|
14.48% |
0.00% |
14.14% |
13.74% |
13.04% |
0.00% |
11.18% |
10.58% |
10.24% |
0.00% |
Net Operating Profit after Tax (NOPAT) |
|
10 |
10 |
9.60 |
8.97 |
8.02 |
8.29 |
8.19 |
7.99 |
8.75 |
9.31 |
NOPAT Margin |
|
36.44% |
36.02% |
35.22% |
32.59% |
30.49% |
31.31% |
31.14% |
29.71% |
31.40% |
32.44% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
44.33% |
43.85% |
46.17% |
48.04% |
50.57% |
49.42% |
49.58% |
50.87% |
49.20% |
48.29% |
Operating Expenses to Revenue |
|
53.80% |
53.30% |
56.84% |
58.63% |
61.70% |
60.51% |
60.37% |
62.08% |
60.09% |
58.71% |
Earnings before Interest and Taxes (EBIT) |
|
12 |
12 |
12 |
11 |
9.89 |
10 |
10 |
9.90 |
11 |
12 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
13 |
13 |
13 |
12 |
11 |
11 |
11 |
11 |
12 |
12 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.44 |
1.36 |
1.24 |
1.24 |
1.16 |
1.30 |
1.18 |
1.08 |
1.10 |
1.15 |
Price to Tangible Book Value (P/TBV) |
|
1.45 |
1.37 |
1.25 |
1.24 |
1.17 |
1.31 |
1.18 |
1.08 |
1.11 |
1.16 |
Price to Revenue (P/Rev) |
|
3.46 |
3.43 |
3.13 |
3.16 |
2.99 |
3.69 |
3.31 |
3.13 |
3.33 |
3.35 |
Price to Earnings (P/E) |
|
9.96 |
9.78 |
8.75 |
9.00 |
8.90 |
11.37 |
10.53 |
10.20 |
10.78 |
10.74 |
Dividend Yield |
|
0.57% |
0.56% |
0.61% |
0.61% |
0.68% |
0.58% |
0.66% |
0.71% |
0.67% |
0.67% |
Earnings Yield |
|
10.04% |
10.22% |
11.42% |
11.11% |
11.23% |
8.80% |
9.50% |
9.81% |
9.28% |
9.31% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.21 |
0.31 |
0.41 |
0.55 |
0.02 |
0.30 |
0.41 |
0.39 |
0.39 |
0.31 |
Enterprise Value to Revenue (EV/Rev) |
|
0.49 |
0.78 |
1.03 |
1.70 |
0.05 |
0.85 |
1.15 |
1.12 |
1.17 |
0.90 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
1.08 |
1.72 |
2.25 |
3.74 |
0.11 |
1.99 |
2.79 |
2.75 |
2.85 |
2.17 |
Enterprise Value to EBIT (EV/EBIT) |
|
1.17 |
1.84 |
2.37 |
3.96 |
0.12 |
2.12 |
2.97 |
2.95 |
3.06 |
2.33 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
1.42 |
2.24 |
2.90 |
4.84 |
0.14 |
2.61 |
3.66 |
3.64 |
3.78 |
2.88 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
1.05 |
1.80 |
2.25 |
4.14 |
0.12 |
2.27 |
2.98 |
3.03 |
2.97 |
2.58 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.55 |
1.19 |
4.14 |
0.00 |
0.00 |
0.00 |
11.36 |
1.72 |
0.00 |
5.38 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.00 |
0.00 |
0.00 |
0.21 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Long-Term Debt to Equity |
|
0.00 |
0.00 |
0.00 |
0.21 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Financial Leverage |
|
0.00 |
0.00 |
0.00 |
0.11 |
0.00 |
0.00 |
0.00 |
0.10 |
0.00 |
0.00 |
Leverage Ratio |
|
11.22 |
11.19 |
11.53 |
11.45 |
11.66 |
10.90 |
10.60 |
10.29 |
10.17 |
10.07 |
Compound Leverage Factor |
|
11.22 |
11.19 |
11.53 |
11.45 |
11.66 |
10.90 |
10.60 |
10.29 |
10.17 |
10.07 |
Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
17.47% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
17.47% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
100.00% |
100.00% |
100.00% |
82.53% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Debt to EBITDA |
|
0.00 |
0.00 |
0.00 |
1.19 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Debt to EBITDA |
|
0.00 |
0.00 |
0.00 |
-3.21 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Long-Term Debt to EBITDA |
|
0.00 |
0.00 |
0.00 |
1.19 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Debt to NOPAT |
|
0.00 |
0.00 |
0.00 |
1.54 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Debt to NOPAT |
|
0.00 |
0.00 |
0.00 |
-4.16 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Long-Term Debt to NOPAT |
|
0.00 |
0.00 |
0.00 |
1.54 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
65 |
43 |
-2.17 |
-81 |
-31 |
-30 |
-14 |
44 |
-34 |
-6.58 |
Operating Cash Flow to CapEx |
|
1,456.92% |
495.71% |
1,084.62% |
448.48% |
973.83% |
673.77% |
1,371.93% |
248.00% |
4,401.01% |
165.43% |
Free Cash Flow to Firm to Interest Expense |
|
36.41 |
12.87 |
-0.45 |
-11.61 |
-3.18 |
-2.77 |
-1.24 |
3.73 |
-2.70 |
-0.55 |
Operating Cash Flow to Interest Expense |
|
9.54 |
3.18 |
2.76 |
0.66 |
1.47 |
0.75 |
1.24 |
0.20 |
1.40 |
0.34 |
Operating Cash Flow Less CapEx to Interest Expense |
|
8.88 |
2.54 |
2.51 |
0.51 |
1.32 |
0.64 |
1.15 |
0.12 |
1.37 |
0.13 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.03 |
0.03 |
0.04 |
0.04 |
0.04 |
0.03 |
0.03 |
0.03 |
0.03 |
0.04 |
Fixed Asset Turnover |
|
2.03 |
2.06 |
2.07 |
2.06 |
2.00 |
1.93 |
1.89 |
1.87 |
1.88 |
1.88 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
243 |
266 |
277 |
343 |
282 |
304 |
299 |
307 |
324 |
320 |
Invested Capital Turnover |
|
0.37 |
0.37 |
0.40 |
0.37 |
0.42 |
0.38 |
0.37 |
0.33 |
0.35 |
0.35 |
Increase / (Decrease) in Invested Capital |
|
-55 |
-32 |
12 |
90 |
39 |
38 |
23 |
-36 |
42 |
16 |
Enterprise Value (EV) |
|
50 |
83 |
113 |
189 |
5.20 |
91 |
123 |
118 |
125 |
99 |
Market Capitalization |
|
351 |
361 |
343 |
351 |
327 |
396 |
352 |
331 |
358 |
368 |
Book Value per Share |
|
$33.88 |
$36.99 |
$38.53 |
$39.43 |
$39.30 |
$42.61 |
$42.20 |
$44.47 |
$47.10 |
$46.84 |
Tangible Book Value per Share |
|
$33.67 |
$36.78 |
$38.31 |
$39.21 |
$39.08 |
$42.39 |
$41.98 |
$44.25 |
$46.87 |
$46.61 |
Total Capital |
|
243 |
266 |
277 |
343 |
282 |
304 |
299 |
307 |
324 |
320 |
Total Debt |
|
0.00 |
0.00 |
0.00 |
60 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Long-Term Debt |
|
0.00 |
0.00 |
0.00 |
60 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Debt |
|
-301 |
-278 |
-229 |
-162 |
-322 |
-305 |
-230 |
-213 |
-233 |
-269 |
Capital Expenditures (CapEx) |
|
1.18 |
2.12 |
1.23 |
1.02 |
1.45 |
1.20 |
1.05 |
0.97 |
0.40 |
2.46 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
0.00 |
0.00 |
0.00 |
60 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Depreciation and Amortization (D&A) |
|
0.59 |
0.80 |
0.89 |
0.57 |
0.65 |
0.75 |
0.75 |
0.70 |
0.76 |
0.87 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$1.42 |
$1.42 |
$1.34 |
$1.25 |
$1.12 |
$1.16 |
$1.16 |
$1.16 |
$1.28 |
$1.36 |
Adjusted Weighted Average Basic Shares Outstanding |
|
7.18M |
7.18M |
7.19M |
7.18M |
7.13M |
7.09M |
6.90M |
6.89M |
6.83M |
6.78M |
Adjusted Diluted Earnings per Share |
|
$1.42 |
$1.41 |
$1.33 |
$1.25 |
$1.12 |
$1.16 |
$1.16 |
$1.16 |
$1.27 |
$1.36 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
7.18M |
7.18M |
7.19M |
7.18M |
7.13M |
7.09M |
6.90M |
6.89M |
6.83M |
6.78M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
7.18M |
7.18M |
7.19M |
7.18M |
7.13M |
7.09M |
6.90M |
6.89M |
6.83M |
6.78M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
10 |
10 |
9.60 |
8.97 |
8.02 |
8.29 |
8.19 |
7.99 |
8.75 |
9.31 |
Normalized NOPAT Margin |
|
36.44% |
36.02% |
35.22% |
32.59% |
30.49% |
31.31% |
31.14% |
29.71% |
31.40% |
32.44% |
Pre Tax Income Margin |
|
44.05% |
44.04% |
43.16% |
40.28% |
37.60% |
38.55% |
38.48% |
36.81% |
38.83% |
40.24% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
6.85 |
3.77 |
2.44 |
1.59 |
1.03 |
0.95 |
0.87 |
0.83 |
0.87 |
0.97 |
NOPAT to Interest Expense |
|
5.67 |
3.08 |
1.99 |
1.29 |
0.84 |
0.77 |
0.70 |
0.67 |
0.70 |
0.78 |
EBIT Less CapEx to Interest Expense |
|
6.19 |
3.13 |
2.18 |
1.45 |
0.88 |
0.84 |
0.78 |
0.75 |
0.84 |
0.76 |
NOPAT Less CapEx to Interest Expense |
|
5.01 |
2.44 |
1.74 |
1.14 |
0.68 |
0.66 |
0.61 |
0.59 |
0.67 |
0.57 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
5.70% |
5.45% |
5.32% |
5.53% |
6.04% |
6.56% |
7.03% |
7.38% |
7.35% |
7.25% |
Augmented Payout Ratio |
|
20.22% |
6.04% |
6.21% |
7.96% |
11.76% |
20.90% |
50.81% |
52.99% |
57.53% |
54.89% |
Key Financial Trends
Red River Bancshares, Inc. (NASDAQ:RRBI) has exhibited steady financial performance over the past two years, as reflected in its quarterly income statements, cash flow statements, and balance sheets.
Key Positive Trends:
- Net interest income has increased consistently, growing from approximately $21.7 million in Q1 2023 to $23.7 million in Q4 2024, indicating improving profitability on its lending and investment activities.
- Net income attributable to common shareholders rose steadily, from $9.6 million in Q1 2023 to $9.3 million in Q4 2024, reflecting ongoing strong earnings generation.
- Earnings per share (basic and diluted) have improved from around $1.16 in early 2023 to about $1.36 in Q4 2024, showing enhancement in shareholder returns despite slight fluctuations in shares outstanding.
- Deposits, a key funding source, show healthy growth with net changes increasing from negative in early 2023 to strong positive inflows of $57.9 million in Q4 2024 financing activities, signaling robust customer demand for deposit products.
- Operating cash flow remains positive in recent quarters, ending with $4.1 million in Q4 2024, indicating the bank is generating cash internally to support its operations and growth.
- The allowance for loan and lease losses remained well controlled, with provision for credit losses steady at $300,000 per quarter in 2024, which suggests prudent credit risk management amid stable asset quality.
- Total assets have grown slightly from roughly $3.03 billion in Q1 2023 to over $3.1 billion in Q3 2024, demonstrating gradual balance sheet expansion.
- Repurchases of common equity, while exerting cash outflow pressure, reflect management's confidence in the company's valuation and efforts to enhance shareholder value.
Neutral Observations:
- Non-interest income fluctuated slightly, with gains and losses on investments causing small swings; overall it contributes about $4.5 to $5.4 million per quarter, a meaningful but volatile income source.
- Marketing and occupancy expenses have generally increased modestly in line with business growth but remain a consistent proportion of expenses.
Potential Concerns or Negative Trends:
- Net cash from investing activities has shown substantial negative cash flows in most recent quarters (e.g., -$22.6 million in Q4 2024), reflecting significant purchase of investment securities; this could pressure liquidity if not balanced by financing activities.
- Cash and due from banks levels have fluctuated with notable declines in early 2024 quarters before recovering somewhat, indicating variable liquidity management.
- Accumulated other comprehensive income (AOCI) shows a significant negative balance, widening from around -$68 million in early 2023 to about -$49 million by Q3 2024, which may reflect unrealized losses on securities and impacts equity.
- Interest expense on deposits has increased from approximately $4.8 million to over $11.9 million in Q4 2024, corresponding to rising deposit costs likely influenced by the higher interest rate environment, which may compress net interest margin.
- There’s been a notable reduction in cash interest paid in early 2023 but a rise again in 2024, which impacts net cash flows.
Summary: Red River Bancshares has shown solid growth in its core earnings and deposits, steady asset growth, and disciplined risk management reflected in stable provision for loan losses. The company’s profitability trends are favorable, with improved net interest income and earnings per share. However, higher investment securities purchases, rising deposit interest expenses, and volatility in non-interest income and cash balances warrant monitoring. Overall, Red River Bancshares appears financially healthy with positive momentum heading into 2025 but faces some risks associated with interest rate pressures and investment liquidity management.
08/29/25 05:46 AM ETAI Generated. May Contain Errors.