Red River Bancshares Reports Record High Q3 Earnings
News related to:Red River Bancshares, Inc · 3 min read
ALEXANDRIA, La., Oct. 30, 2026 /CourierPR/ -- Red River Bancshares, Inc., a holding company for Red River Bank, announced today its financial results for the third quarter of 2026. The company reported a net income of $12.6 million for the quarter, which translates to $1.90 per diluted common share ("EPS"), marking a 6.8% increase from the second quarter of 2026 and a 16.3% rise from the third quarter of 2025. The quarterly return on assets was 1.48%, while the quarterly return on equity was 12.84%.
For the nine months ended September 30, 2026, the company reported a net income of $36.3 million, or $5.49 per diluted common share ("EPS"), representing a 15.8% increase from the nine months ended September 30, 2025. The return on assets for the nine-month period was 1.45%, and the return on equity was 12.73%.
The third quarter of 2026 saw record-high quarterly net income and EPS, along with solid balance sheet activity and growth. The net income for the quarter was bolstered by a $916,000 increase in net interest income. Net interest income increased by $916,000, or 3.2%, primarily due to higher earning asset balances and one more accrual day in the quarter. The net interest margin FTE remained consistent at 3.61% for the third quarter of 2026 and for the prior quarter.
Assets as of September 30, 2026, stood at $3.37 billion, up $56.2 million, or 1.7%, from $3.31 billion as of June 30, 2026, driven by a $56.5 million increase in deposits. Deposits as of September 30, 2026, totaled $2.96 billion, up $56.5 million, or 1.9%, from $2.91 billion as of June 30, 2026. This increase was primarily attributed to higher commercial deposit account balances.
Loans held for investment (HFI) as of September 30, 2026, were $2.32 billion, up $59.5 million, or 2.6%, from $2.26 billion as of June 30, 2026. In the third quarter of 2026, new loan originations and construction commitment fundings exceeded payments and payoffs. Nonperforming assets (NPA(s)) increased by $3.0 million, or 113.4%, to $5.6 million, or 0.17% of assets, as of September 30, 2026, primarily due to a commercial relationship that the company is actively working to resolve. The provision for loan losses was lower in the third quarter of 2026 compared to the previous quarter.
The company paid a quarterly cash dividend of $0.25 per common share in the third quarter of 2026. The 2026 stock repurchase program, which authorizes the purchase of up to $10.0 million of the company's outstanding shares of common stock from January 1, 2026 through December 31, 2026, had no stock repurchase activity between January 1, 2026, and September 30, 2026. As of September 30, 2026, the program had $10.0 million of available capacity.
The company continued to implement its organic expansion plan, completing the New Orleans market banking center relocation project and constructing a second full-service banking center in the Acadiana market. In the third quarter of 2026, S&P Global Market Intelligence ranked Red River Bank within the top 50 best deposit franchises for banks with assets between $3.0 and $10.0 billion.
The company's net interest income for the third quarter of 2026 was $29.9 million, up $916,000, or 3.2%, from the previous quarter. The net interest margin FTE was 3.61% for the third quarter of 2026, consistent with the prior quarter. The company's asset quality and allowance for credit losses remained stable, with NPAs totaling $5.6 million as of September 30, 2026, an increase of $3.0 million, or 113.4%, from June 30, 2026, primarily due to a commercial relationship that the company is actively working to resolve. The provision for loan losses was lower in the third quarter of 2026 compared to the previous quarter.