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Red River Bancshares (RRBI) Financials

Red River Bancshares logo
$61.74 +1.04 (+1.71%)
Closing price 04:00 PM Eastern
Extended Trading
$61.76 +0.02 (+0.02%)
As of 04:04 PM Eastern
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Annual Income Statements for Red River Bancshares

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.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 37 35 34
Consolidated Net Income / (Loss)		 37 35 34
Net Income / (Loss) Continuing Operations		 37 35 34
Total Pre-Tax Income 		45 43 42
Total Revenue		 105 108 110
Net Interest Income / (Expense)		 87 86 89
Total Interest Income		 94 119 137
Loans and Leases Interest Income		 76 93 109
Investment Securities Interest Income		 14 14 17
Deposits and Money Market Investments Interest Income		 3.68 9.80 11
Federal Funds Sold and Securities Borrowed Interest Income		 1.09 0.89 0.00
Total Interest Expense		 7.74 32 48
Deposits Interest Expense		 7.74 32 48
Short-Term Borrowings Interest Expense		 0.00 0.06 0.00
Total Non-Interest Income		 19 21 20
Trust Fees by Commissions		 3.55 3.80 3.79
Service Charges on Deposit Accounts		 7.29 7.92 7.71
Other Service Charges		 4.07 3.82 4.18
Net Realized & Unrealized Capital Gains on Investments		 0.04 2.86 1.43
Other Non-Interest Income		 3.81 2.72 3.34
Provision for Credit Losses		 1.75 0.74 1.20
Total Non-Interest Expense		 59 64 66
Salaries and Employee Benefits		 35 37 39
Net Occupancy & Equipment Expense		 11 12 12
Marketing Expense		 2.78 3.29 3.45
Other Operating Expenses		 10 12 12
Income Tax Expense		 8.07 8.07 8.15
Basic Earnings per Share		 $5.14 $4.87 $4.96
Weighted Average Basic Shares Outstanding		 7.18M 7.09M 6.78M
Diluted Earnings per Share		 $5.13 $4.86 $4.95
Weighted Average Diluted Shares Outstanding		 7.18M 7.09M 6.78M
Weighted Average Basic & Diluted Shares Outstanding		 7.18M 7.09M 6.78M
Cash Dividends to Common per Share		 $0.28 $0.32 $0.36

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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
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
Period end date 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
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
Period end date 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024
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
Period end date 12/31/2022 12/31/2023 12/31/2024
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
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024
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 (NASDAQ:RRBI) has demonstrated consistent financial performance across the last four years, with several notable trends visible in their quarterly income statements, cash flow statements, and balance sheets.

Positive Trends:

  • Net interest income has grown steadily over the past year, reaching approximately $23.7 million in Q4 2024, up from around $21.3 million in Q1 2024, reflecting strength in their core lending activities.
  • Total revenue has shown a gradual increase from $26.3 million in Q4 2023 to $28.7 million in Q4 2024, helped by both interest income and non-interest income streams.
  • Net income has improved consistently quarter-over-quarter, with Q4 2024 net income reaching $9.3 million versus $8.2 million in Q1 2024, and a notable increase compared to 2022 levels.
  • Diluted earnings per share (EPS) have grown from around $1.16 in Q1 2024 to $1.36 in Q4 2024, indicating better profitability on a per-share basis.
  • Return on equity appears supported by growing retained earnings, which increased from about $283 million at Q1 2024 to approximately $330 million by Q3 2024.
  • The company is generating positive cash flow from continuing operating activities each quarter, supporting operational stability and growth potential.
  • Deposits have increased, with net changes in deposits reaching $57.9 million in Q4 2024, reflecting strengthening customer confidence and liquidity.
  • Red River Bancshares continues to manage provision for credit losses at relatively low and stable amounts (~$300,000 quarterly), indicating effective credit risk management.
  • The bank maintains a solid common equity base around $300 million over the reported periods, reflecting a stable capital position.
  • Repurchase of common equity has been consistent, with recent repurchases like $2.53 million in Q4 2024, demonstrating confidence in the company's valuation and returning value to shareholders.

Neutral Trends:

  • Non-interest income has fluctuated modestly, mostly in the $4.3 million to $5.4 million range per quarter, driven by service charges and capital gains which can vary with market conditions.
  • Operating expenses are rising slightly, with total non-interest expenses hovering around $15.9 million to $16.8 million in recent quarters, requiring management focus to maintain efficiency.
  • The number of shares outstanding has decreased slightly, contributing to EPS growth but also reducing share liquidity somewhat.
  • The company pays steady quarterly dividends of approximately $0.09 per share, indicating a moderate return policy balancing reinvestment and shareholder payout.

Negative Trends:

  • Investment securities purchasing exceeds sales most quarters, contributing to negative net cash flow from investing activities in millions ($-22.5M in Q4 2024), which could pressure liquidity if sustained.
  • Although the loan portfolio has grown to over $2 billion, the allowance for loan and lease losses, while adequate, has increased modestly, signaling cautious credit cost expectations.
  • Accumulated other comprehensive income (AOCI) is negative and growing in absolute value (around -$49 million in Q3 2024), which could reflect unrealized losses affecting equity value.

Summary: Red River Bancshares has shown solid revenue and profitability growth with increasing core lending income and disciplined credit loss provisioning. The company’s capital and liquidity positions remain stable with growing deposit balances supporting expansion. Key areas to watch include managing investing cash flows and addressing negative comprehensive income fluctuations. Overall, RRBI presents a steadily improving financial profile with a balanced approach to shareholder returns and capital strengthening.

08/08/25 11:38 PMAI Generated. May Contain Errors.

Frequently Asked Questions About Red River Bancshares' Financials

When does Red River Bancshares' fiscal year end?

According to the most recent income statement we have on file, Red River Bancshares' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Red River Bancshares' net income changed over the last 2 years?

Red River Bancshares' net income appears to be on a downward trend, with a most recent value of $34.24 million in 2024, falling from $36.92 million in 2022. The previous period was $34.88 million in 2023. See Red River Bancshares' forecast for analyst expectations on what’s next for the company.

How has Red River Bancshares' revenue changed over the last 2 years?

Over the last 2 years, Red River Bancshares' total revenue changed from $105.39 million in 2022 to $109.74 million in 2024, a change of 4.1%.

How much debt does Red River Bancshares have?

Red River Bancshares' total liabilities were at $2.83 billion at the end of 2024, a 0.2% increase from 2023, and a 0.5% increase since 2022.

How much cash does Red River Bancshares have?

In the past 2 years, Red River Bancshares' cash and equivalents has ranged from $30.56 million in 2024 to $53.06 million in 2023, and is currently $30.56 million as of their latest financial filing in 2024.

How has Red River Bancshares' book value per share changed over the last 2 years?

Over the last 2 years, Red River Bancshares' book value per share changed from 36.99 in 2022 to 46.84 in 2024, a change of 26.6%.


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This page (NASDAQ:RRBI) was last updated on 8/8/2025 by MarketBeat.com Staff
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