Red River Bancshares Q1 net income rises 4.9% to record high

Red River Bancshares

30/04/2026 13:40

Overview

US regional bank's Q1 net income rose 4.9% to record high

Q1 net interest income increased slightly, net interest margin steady at 3.51%

Company raised quarterly dividend by 66.7% to $0.25 per share

Outlook

Red River Bancshares expects loan growth to resume during the remainder of 2026

Company projects net interest income and net interest margin FTE to increase slightly in Q2 2026

Company says global events are creating economic uncertainty and influencing inflation and interest rates

Result Drivers

OPERATING EXPENSE REDUCTIONS - Net income benefited from approximately $590,000 of periodic items that reduced operating expenses, including vendor rebates and refunds

STEADY NET INTEREST MARGIN - Net interest income increased slightly and net interest margin remained consistent at 3.51% as higher average loan balances and stable loan yields offset lower yields on liquid assets

LOWER OPERATING EXPENSES - Operating expenses fell 5.5% from the prior quarter, driven by lower personnel-related accruals, reduced revenue-based commissions, and vendor rebates

Company press release: ID:nGNX3Df8Nt

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$1.81
Q1 Net Income
$11.97 mln
Q1 Net Interest Income
$28.40 mln
Q1 ROE
12.95%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Red River Bancshares Inc is $97.00, about 3.9% above its April 29 closing price of $93.32

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 11 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)