- Red River Bancshares press release ( NASDAQ: RRBI ): Q4 GAAP EPS of $1.42 beats by $0.09 .
- Revenue of $28.29M (+15.7% Y/Y) beats by $0.15M .
- As of December 31, 2022, assets were $3.08 billion, fairly consistent with $3.06 billion as of September 30, 2022.
- As of December 31, 2022, loans held for investment (“HFI”) were $1.92 billion, an increase of $36.6 million, or 1.9%, from September 30, 2022. The growth in loans HFI was primarily a result of loan activity in various markets across Louisiana.
- As of December 31, 2022, total securities were $776.1 million, or 25.2% of assets, compared to $764.5 million, or 25.0% of assets, as of September 30, 2022. During the fourth quarter, securities were impacted by a decrease to the net unrealized loss on securities available-for-sale (“AFS”), the purchase of a Community Reinvestment Act (“CRA”) mutual fund, and principal repayments.
- Deposits were $2.80 billion as of December 31, 2022 and September 30, 2022. However, there were fluctuations in deposit categories as a result of implementing a new deposit program and customer deposit activity.
- Nonperforming assets (“NPA(s)”) were $2.4 million, or 0.08% of assets, as of December 31, 2022. As of December 31, 2022, the allowance for loan losses (“ALL”) was $20.6 million, or 1.08% of loans HFI.
- We paid a quarterly cash dividend of $0.07 per common share in the fourth quarter of 2022.
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Red River Bancshares GAAP EPS of $1.42 beats by $0.09, revenue of $28.29M beats by $0.15M