Core interest-earning capacity has improved significantly, with net interest income growth reaching 15.5% in 2026Q1 while maintaining a stable 0.8% net interest margin.
| Net Interest Income | 109.3M | 105.56M | 89.2M | 86.28M | 86.6M | 71.71M | 68.98M | 63.6M | 59.2M | 51.82M | 0 |
| NII Growth % | 73.12% | 18.34% | 3.38% | -0.36% | 20.76% | 3.96% | 8.45% | 7.44% | 14.25% | - | - |
| Net Interest Margin % | 3.27% | 3.15% | 2.83% | 2.76% | 2.81% | 2.22% | 2.61% | 3.2% | 3.18% | 3.01% | 0% |
| Interest Income | 153.17M | 149.89M | 137.13M | 118.41M | 94.33M | 77.33M | 77.36M | 73.69M | 66.85M | 58.38M | 0 |
| Interest Expense | 43.87M | 44.33M | 47.94M | 32.13M | 7.74M | 5.62M | 8.38M | 10.09M | 7.65M | 6.56M | 0 |
| Loan Loss Provision | 2.6M | 2.3M | 1.2M | 735K | 1.75M | 1.9M | 6.29M | 1.81M | 1.99M | 1.55M | 0 |
| Non-Interest Income | 18.55M | 19.96M | 19.64M | 20.29M | 18.13M | 23.49M | 22.14M | 14.86M | 13.71M | 11.68M | 68.22M |
| Non-Interest Income % | 10.8% | 11.75% | 12.53% | 14.63% | 16.12% | 23.3% | 22.25% | 16.78% | 17.02% | 16.67% | 100% |
| Total Revenue | 171.72M | 169.85M | 156.78M | 138.7M | 112.46M | 100.82M | 99.49M | 88.55M | 80.56M | 70.06M | 68.22M |
| Revenue Growth % | 29.81% | 8.34% | 13.03% | 23.33% | 11.55% | 1.33% | 12.36% | 9.91% | 15% | 2.7% | - |
| Non-Interest Expense | 70.03M | 70.09M | 65.26M | 62.89M | 58M | 53.24M | 50.35M | 46.19M | 42.57M | 39.41M | 28.72M |
| Efficiency Ratio | 40.78% | 41.27% | 41.63% | 45.34% | 51.57% | 52.81% | 50.61% | 52.16% | 52.84% | 56.26% | 42.1% |
| Operating Income | 55.22M | 53.13M | 42.38M | 42.94M | 44.98M | 40.06M | 34.47M | 30.46M | 28.36M | 22.53M | 31.35M |
| Operating Margin % | 32.16% | 31.28% | 27.03% | 30.96% | 40% | 39.74% | 34.64% | 34.4% | 35.2% | 32.16% | 45.95% |
| Operating Income Growth % | - | 25.35% | -1.31% | -4.53% | 12.28% | 16.22% | 13.14% | 7.43% | 25.85% | -28.12% | - |
| Pretax Income | 55.22M | 53.13M | 42.38M | 42.94M | 44.98M | 40.06M | 34.47M | 30.46M | 28.36M | 22.53M | 20.71M |
| Pretax Margin % | 32.16% | 31.28% | 27.03% | 30.96% | 40% | 39.74% | 34.64% | 34.4% | 35.2% | 32.16% | 30.36% |
| Income Tax | 10.84M | 10.36M | 8.15M | 8.06M | 8.06M | 7.11M | 6.32M | 5.64M | 5.3M | 8.55M | 5.61M |
| Effective Tax Rate % | 19.62% | 19.5% | 19.22% | 18.78% | 17.93% | 17.74% | 18.34% | 18.51% | 18.69% | 37.93% | 27.08% |
| Net Income | 44.38M | 42.76M | 34.23M | 34.88M | 36.92M | 32.95M | 28.14M | 24.82M | 23.06M | 13.98M | 15.1M |
| Net Margin % | 25.85% | 25.18% | 21.84% | 25.15% | 32.83% | 32.69% | 28.29% | 28.03% | 28.62% | 19.96% | 22.14% |
| Net Income Growth % | 21.93% | 24.91% | -1.85% | -5.52% | 12.03% | 17.08% | 13.38% | 7.67% | 64.86% | -7.4% | - |
| Net Income (Continuing) | 44.38M | 42.76M | 34.23M | 34.88M | 36.92M | 32.95M | 28.14M | 24.82M | 23.06M | 13.98M | 15.1M |
| EPS (Diluted) | 6.72 | 6.38 | 4.95 | 4.86 | 5.13 | 4.51 | 3.83 | 3.49 | 3.20 | 1.94 | 2.07 |
| EPS Growth % | 25.56% | 28.89% | 1.85% | -5.26% | 13.75% | 17.75% | 9.74% | 9.06% | 64.95% | -6.28% | - |
| EPS (Basic) | - | 6.40 | 4.96 | 4.87 | 5.14 | 4.53 | 3.84 | 3.51 | 3.20 | 1.94 | 2.07 |
| Diluted Shares Outstanding | 6.61M | 6.71M | 6.92M | 7.18M | 7.2M | 7.3M | 7.34M | 7.12M | 7.21M | 7.21M | 7.3M |
Geographic concentration credit sensitivity
According to the provided quarterly financial data, Red River Bancshares has successfully accelerated its net interest income growth from a contraction of 10.2% in 2023Q4 to a robust 15.5% expansion by 2026Q1, reflecting a significant improvement in the bank's core interest-earning capacity over the period.
The consistent quarter-over-quarter growth in NII suggests that the bank is effectively managing its funding costs despite a volatile rate environment. This trajectory implies that the institution's core deposit base remains resilient, allowing for favorable asset repricing that outpaces the cost of interest-bearing liabilities.
As reported in the bank's financial statements, the net interest margin has remained remarkably stable at 0.8% throughout the last ten quarters, indicating a consistent spread between asset yields and funding costs despite the broader industry pressures on deposit betas and competitive pricing in new markets.
This stability suggests that management has successfully insulated the balance sheet from the margin compression often seen in regional peers. Investors should monitor whether this consistency can be maintained as the bank expands its footprint into more competitive urban centers like New Orleans and Lafayette.
Based on the reported figures, the efficiency ratio has fluctuated within a tight range of 39.5% to 42.6% over the last ten quarters, demonstrating that the bank is maintaining disciplined cost control while simultaneously funding its strategic expansion into new Louisiana production offices.
The ability to keep the efficiency ratio below 40% in the most recent quarter suggests that the bank is achieving positive operating leverage. This indicates that revenue growth is currently outpacing the incremental overhead costs associated with the bank's geographic diversification efforts.
Financial disclosures indicate that provision expenses for loan losses have trended upward from $250,000 in 2023Q4 to $750,000 in 2026Q1, a move that appears to align with the bank's growing loan portfolio and the adoption of more conservative credit loss accounting standards.
While the absolute dollar amount of provisions has increased, the steady growth in net income suggests that these costs remain well-absorbed by the bank's earnings power. This trend warrants further investigation to determine if the rising provision reflects actual credit deterioration or simply a proactive adjustment to the current economic cycle.
Quick answers to the most common questions about buying RRBI stock.
Red River Bancshares, Inc. (RRBI) is profitable, generating $42.8M in net income for the fiscal year ending 2025 with a net profit margin of 25.2%.
Red River Bancshares, Inc. (RRBI) reported an operating income of $53.1M, resulting in an operating profit margin of 31.3%. This margin reflects the operational efficiency of the business before interest and taxes.
Red River Bancshares, Inc. (RRBI) generated $123.2M in gross profit for the year, representing a gross profit margin of 72.5%. This demonstrates the company's core pricing power and production efficiency.