RRBI Filings — Red River Bancshares, Inc. - FilingSpy
RRBI
Red River Bancshares, Inc.
A Louisiana community bank holding company, Red River Bancshares runs its subsidiary Red River Bank, which lends to small and mid-sized businesses, professionals, and consumers across seven Louisiana markets through a network of staffed banking centers. Founded in 1999 by local community and business leaders and based in Alexandria, the bank was named for the muddy Red River that runs through the state — its waters turn reddish-brown from the red soil they carry. The bank's full suite includes treasury management, private banking, and brokerage services.
Net interest margin rose to 3.61%, its highest since Q1 2023, but a $1.0M increase in operating expenses pushed net income down 1.7% sequentially.
The extended its expansion to a seventh straight quarter. rose 10.4% to $33.7 million and climbed 17.9% to $1.78, driven by higher loan yields and lower deposit costs, though dipped 1.7% from the prior quarter to $11.8 million as operating expenses rebounded. The core earnings engine is still strengthening, but the expense run rate is settling higher than the artificially low first quarter.
Key takeaways
rose 2.0% sequentially to $29.0 million, lifting the on a 10 to 3.61%, as loan yields improved and deposit costs continued to decline.
fell 1.7% from the prior quarter to $11.8 million, as a $1.0 million increase in operating expenses to $18.3 million more than offset the gain in .
The increase in operating expenses was driven by higher data processing, personnel, and occupancy costs, and the absence of a $389,000 data processing refund and a $201,000 vendor rebate that had lowered the first quarter's expense run rate.
Section summaries
Management's Discussion and Analysis
Q2 2026 net income fell 1.7% QoQ to $11.8M as higher operating expenses offset improved net interest income and margin.
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rose 2.0% QoQ to $29.0M, driven by higher loan yields and lower deposit costs, lifting the FTE 10 to 3.61%.
Operating expenses increased $1.0M QoQ to $18.3M, mainly from higher data processing, personnel, and occupancy costs, including a $389K prior-quarter refund that did not recur.
Total deposits declined $40.9 million to $2.95 billion due to seasonal tax outflows and fluctuations in lawyer trust accounts, while loans held for investment were flat at $2.25 billion, breaking a multi-quarter growth trend.
improved 38.3% to $2.6 million, or 0.08% of total assets, following the successful resolution of problem loans, and the was not flagged as a material change.
Management expects and margin to increase slightly in the second half of 2026, supported by the repricing of maturing fixed-rate loans and time deposits.
What changed
The extended its expansion to a seventh consecutive quarter at 3.61%, confirming the trend flagged in prior periods and surpassing the 3.43% reported for full-year 2025, as deposit cost relief continued.
Operating expenses rebounded to $18.3 million after the artificially low $17.3 million in Q1 2026, which had been suppressed by $590,000 in nonrecurring refunds and rebates, settling near the $17.9 million to $18.3 million range seen in the second half of 2025.
Loan growth stalled at $2.25 billion after an 8.4% expansion in FY2025, failing to resume the momentum that had been driven by construction and development and commercial and industrial loans.
The company did not any shares under its new $10 million 2026 buyback program, a pause after $11.2 million in repurchases during FY2025, while the quarterly cash was raised 66.7% to $0.25 per share.
What to watch
Whether the can improve from 3.61% in Q3 2026 as management expects, or if the seventh consecutive quarter of expansion marks the peak of the cycle now that deposit costs are at a multi-year low.
Whether the $18.3 million operating expense level represents the new sustainable run rate, or if costs moderate, to gauge the true earnings power of the expanded margin.
Whether loan growth resumes in the second half of 2026 after a flat first half, particularly in the construction and development and commercial and industrial portfolios that drove prior expansion.
Whether the company begins executing share repurchases under the new $10 million authorization, and the effect on per-share metrics alongside the increased .
Total assets declined 1.1% to $3.31B as deposits fell $40.9M due to seasonal tax outflows and lawyer trust account fluctuations.
improved 38.3% to $2.6M, or 0.08% of assets, following successful resolution of problem loans.
Liquidity remains strong with $195.4M in cash and $1.74B in available borrowing capacity, and no outstanding borrowings.
Management expects and margin to increase slightly in H2 2026, supported by loan repricing and maturing time deposits.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and qualitative disclosures about market risk are presented in our Annual Report on Form 10-K for the year ended December 31, 2025, under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations - Liquidity and Asset-Liabili…
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Quantitative and qualitative disclosures about market risk are presented in our Annual Report on Form 10-K for the year ended December 31, 2025, under the heading “Management’s Discussion and Analysis of Financial Condition and Results of Operations - Liquidity and Asset-Liability Management - Interest Rate Sensitivity and Market Risk.” Additional information as of June 30, 2026, is included herein under “Item 2. Management’s Discussion and Analysis of Financial
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Table of Contents
Condition and Results of Operations - Liquidity and Asset-Liability Management - Interest Rate Sensitivity and Market Risk.” The foregoing information is incorporated into this Item 3 by reference.
From time to time, we, including our subsidiaries, are or may be involved in various legal matters arising in the ordinary course of business. In the opinion of management, neither we, nor any of our subsidiaries, are involved in such legal proceedings that the resolution is exp…
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From time to time, we, including our subsidiaries, are or may be involved in various legal matters arising in the ordinary course of business. In the opinion of management, neither we, nor any of our subsidiaries, are involved in such legal proceedings that the resolution is expected to have a material adverse effect on our consolidated results of operations, financial condition, or cash flows. However, one or more unfavorable outcomes in these ordinary claims or litigation against us or our subsidiaries could have a material adverse effect for the period in which they are resolved. In addition, regardless of their merits or ultimate outcomes, such matters are costly, divert management’s attention, and may materially and adversely affect our reputation or that of our subsidiaries, even if resolved favorably.
For information regarding risk factors that could affect our business, financial condition, and results of operations, see the information in “Part I - Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025. There have been no material chan…
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For information regarding risk factors that could affect our business, financial condition, and results of operations, see the information in “Part I - Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025. There have been no material changes to the risk factors disclosed in our most recent Annual Report on Form 10-K.