Red River Bancshares Reports Q4 Net Income of $9.3 Million
ALEXANDRIA, La., March 9, 2023 /PRNewswire/ -- Red River Bancshares Inc. (NASDAQ: RRBI) today announced net income of $9.3 million for its fourth quarter ended December 31, 2022. This equates to earnings per share of $1.37.
The bank's total revenue for the quarter amounted to $40.6 million, with revenue net of interest expense reaching $28.7 million, surpassing analyst expectations.
For the full year, the company posted net income of $34.2 million or $4.95 per share, with revenue of $109.7 million.
This financial performance highlights Red River Bancshares' continued strength and its commitment to delivering value to its stakeholders.