Red River Bancshares Q3 net income rises 16%
RRBI•Red River Bancshares’ third-quarter net income rose 16.3% year over year to $12.56 million, while net interest income reached $29.9 million. The company expects net interest income and net interest margin to increase slightly in the fourth quarter of 2026.
1. Quarterly results
Net income increased 16.3% year over year and 6.8% from the previous quarter to $12.56 million. Earnings per share were $1.90, and return on equity was 12.84%. Net interest income rose 3.2% from the second quarter to $29.9 million, helped by higher earning asset balances and one additional accrual day.
2. Loans and deposits
Loans increased as new originations exceeded payoffs across the company’s markets, while deposits grew with higher commercial account balances and new customers. Nonperforming assets more than doubled, which the company attributed to one commercial account.
3. Fourth-quarter outlook
The company expects net interest income and net interest margin, on a fully taxable equivalent basis, to increase slightly in the fourth quarter of 2026. It projects $93.8 million of fixed-rate loans at 5.85% will mature and $190.7 million in time deposits at 3.37% will mature and renew at higher rates.
