Red River Bancshares, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 30, 2023 at 08:46 am EDT
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Red River Bancshares, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 20.73 million compared to USD 23.09 million a year ago. Net income was USD 8.02 million compared to USD 10.19 million a year ago. Basic earnings per share from continuing operations was USD 1.12 compared to USD 1.42 a year ago. Diluted earnings per share from continuing operations was USD 1.12 compared to USD 1.42 a year ago.
For the nine months, net interest income was USD 65.14 million compared to USD 62.97 million a year ago. Net income was USD 26.59 million compared to USD 26.73 million a year ago. Basic earnings per share from continuing operations was USD 3.7 compared to USD 3.72 a year ago. Diluted earnings per share from continuing operations was USD 3.7 compared to USD 3.71 a year ago.
Red River Bancshares, Inc. is the bank holding company for Red River Bank (the Bank). The Bank is a Louisiana state-chartered bank that provides a fully integrated suite of banking products and services tailored to the needs of commercial and retail customers. The Bank operates from a network of approximately 27 banking centers throughout Louisiana and one combined loan and deposit production office in New Orleans, Louisiana. It targets privately-owned commercial and industrial operating companies for both credit and treasury management services, while also providing owners and employees with the same customized, personal service for their individual financial needs. It offers a range of deposit products, including checking, savings, money market accounts, and time deposits. It offers real estate loans, commercial and industrial loans, tax-exempt loans, consumer loans, and loans held for sale. It also offers online banking services, night deposits, telephone, mail, and mobile banking.