Red River Bancshares Raises Dividend 66.7% as Q1 Earnings Hit Record $12M
Red River Bancshares reported record Q1 net income of $12.0 million, or $1.81 EPS, up 4.9% sequentially, with ROA at 1.44% and ROE at 12.95%. The board raised the quarterly cash dividend by 66.7% to $0.25 per share and maintained a $10.0 million stock repurchase authorization.
1. First Quarter Financial Highlights
Red River Bancshares posted net income of $12.0 million, or $1.81 EPS, a 4.9% increase from the prior quarter, with return on assets of 1.44% and return on equity of 12.95%. Net interest margin held at 3.51% FTE, supported by $590,000 in periodic expense reductions that added $0.07 to EPS.
2. Dividend Increase and Buyback Program
The board boosted the quarterly cash dividend by 66.7% to $0.25 per share, reflecting record earnings and strong capital levels. The 2026 repurchase program authorizes up to $10.0 million in stock purchases, with full capacity remaining after no activity in Q1.
3. Balance Sheet and Loan Activity
Total assets remained stable at $3.35 billion, loans held for investment were unchanged at $2.25 billion, and deposits fell 0.6% to $2.95 billion due to seasonal outflows from public entity customers. New loan originations and construction funding were offset by payments and payoffs during the quarter.
4. Branch Expansion and Leadership Appointment
Organic growth initiatives include relocating Shreveport branches to new, cost-efficient facilities and remodeling in New Orleans, with completion expected in Q3 2026. A ground-breaking was held for a Lafayette banking center opening in early 2027, and Jim Nelson was appointed New Orleans market president.