Red River Bancshares beat on earnings as net interest margin expanded 10 basis points to 3.61%, bolstered by higher loan yields and lower deposit costs, while asset quality shined with nonperforming assets dropping 38% to just 0.08% of total assets.
Red River Bancshares :
RRBI
RRBI
Stock Data
$101.56
$0.75 (0.74%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
FINANCIAL SERVICES
Industry
BANKS - REGIONAL
Red River Bancshares Inc, headquartered in Alexandria, Louisiana, is a key player in the banking sector, primarily serving commercial and retail customers across Louisiana. With a robust portfolio that includes checking, savings, and money market accounts, as well as time deposits, the company stands out for its comprehensive loan offerings. These range from commercial real estate and mortgage loans to construction, development, and consumer loans. Beyond traditional banking, Red River Bancshares enriches its services with treasury management, private banking, investment advisory, and online banking solutions, catering to a diverse clientele seeking convenience and reliability.
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