Red River Bancshares, Inc. (Nasdaq: RRBI) reported unaudited financial results for the third quarter of 2026, announcing a net income of $12.6 million. This figure represents a $800,000 increase, or 6.8%, compared to the second quarter of 2026, and marks a 16.3% increase over the same period in the prior year. Earnings per diluted common share (EPS) for the quarter were $1.90, compared to $1.78 in the prior quarter and $1.63 in the third quarter of 2025.
For the nine months ended September 30, 2026, the company reported net income of $36.3 million, or $5.49 EPS, an increase of 15.8% compared to the first nine months of 2025. The quarterly return on assets was 1.48%, and the return on equity was 12.84% for the third quarter of 2026.
Net interest income for the third quarter was $29.9 million, an increase of $916,000, or 3.2%, from the prior quarter. This growth was attributed to higher earning asset balances and an additional accrual day. The net interest margin fully taxable equivalent (FTE) remained consistent at 3.61% for the third quarter of 2026 and the prior quarter.
As of September 30, 2026, Red River Bancshares reported total assets of $3.37 billion, an increase of $56.2 million from the prior quarter. This growth was driven by a $56.5 million increase in deposits, which totaled $2.96 billion. The company also reported an increase in loans held for investment (HFI) to $2.32 billion, up $59.5 million from June 30, 2026, as new loan originations and construction commitments exceeded payments and payoffs.
The company announced a quarterly cash dividend of $0.25 per common share for the third quarter of 2026. Additionally, the 2026 stock repurchase program authorizes the purchase of up to $10.0 million of common stock, with $10.0 million of available capacity remaining as of September 30, 2026.
Asset quality metrics showed an increase in nonperforming assets (NPAs) to $5.6 million, or 0.17% of assets, from $2.6 million in the prior quarter. This increase was primarily due to a commercial relationship the company is actively resolving. The provision for credit losses for the third quarter was $500,000, lower than the $750,000 provision in the prior quarter. The allowance for credit losses (ACL) stood at $25.1 million, with a ratio of 1.08% to loans HFI.
Red River Bancshares continues its organic expansion plan, having completed the relocation of its New Orleans market banking center in July 2026. The company also purchased a former credit union building in Slidell, Louisiana, in October 2026, with plans to open a full-service banking center there in the first quarter of 2027. Construction is underway on a second full-service banking center in the Acadiana market, expected to open in the first quarter of 2027.
