Red River Bancshares, Inc. (RRBI)

Red River Bancshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	105.58	93.44	75.83	67.92	69.23	64.57
Interest Income on Investments	28.06	25.13	18.55	9.42	8.15	9.16
Total Interest Income	133.64	118.57	94.38	77.34	77.38	73.73
Interest Paid on Deposits	46.74	32.07	7.74	5.62	8.36	9.7
Interest Paid on Borrowings	-	0.06	-	-	0.02	0.39
Total Interest Expense	46.74	32.13	7.74	5.62	8.38	10.09
Net Interest Income	86.9	86.44	86.64	71.72	69	63.64
Net Interest Income Growth (YoY)	-2.16%	-0.23%	20.80%	3.94%	8.42%	7.43%
Mortgage Banking Activities	2.28	1.97	3.1	8.68	8.4	3
Gain (Loss) on Sale of Assets	-	-	-	-	-0.31	-
Gain (Loss) on Sale of Investments	0.19	-0.01	-0.53	0.02	1.53	0.13
Other Non-Interest Income	12.48	13.39	10.61	11.02	9.14	8.26
Total Non-Interest Income	20.63	21.11	18.75	24.49	22.86	15.97
Non-Interest Income Growth (YoY)	0.41%	12.63%	-23.46%	7.16%	43.12%	9.90%
Revenues Before Loan Losses	107.53	107.55	105.39	96.22	91.86	79.61
Provision for Loan Losses	1.15	0.74	1.75	1.9	6.29	1.81
Revenue	106.38	106.82	103.64	94.32	85.56	77.8
Revenue Growth (YoY)	-1.62%	3.07%	9.88%	10.23%	9.98%	8.39%
Salaries and Employee Benefits	37.67	36.88	34.2	32.13	30.82	27.49
Occupancy Expenses	5.98	5.94	5.48	4.89	4.56	4.43
Federal Deposit Insurance	1.65	1.65	1.06	0.93	0.54	0.35
Selling, General & Administrative	12.53	11.75	10.62	9.43	9.43	8.71
Other Non-Interest Expense	7.51	7.66	7.3	6.87	5.75	6.36
Total Non-Interest Expense	65.34	63.87	58.66	54.26	51.1	47.34
EBT Excluding Unusual Items	41.05	42.94	44.98	40.06	34.47	30.46
Pretax Income	41.05	42.94	44.98	40.06	34.47	30.46
Income Tax Expense	7.83	8.07	8.07	7.11	6.32	5.64
Net Income	33.22	34.88	36.92	32.95	28.15	24.82
Net Income to Common	33.22	34.88	36.92	32.95	28.15	24.82
Net Income Growth	-9.67%	-5.52%	12.03%	17.08%	13.38%	7.67%
Basic Shares Outstanding	7	7	7	7	7	7
Diluted Shares Outstanding	7	7	7	7	7	7
Shares Change (YoY)	-2.65%	-0.22%	-1.40%	-0.62%	3.23%	5.32%
EPS (Basic)	4.76	4.87	5.14	4.53	3.84	3.51
EPS (Diluted)	4.75	4.86	5.13	4.51	3.83	3.49
EPS Growth	-7.25%	-5.26%	13.75%	17.75%	9.74%	2.35%
Dividend Per Share	0.350	0.320	0.280	0.280	0.240	0.200
Dividend Growth	12.90%	14.29%	0%	16.67%	20.00%	33.33%
Effective Tax Rate	19.06%	18.78%	17.93%	17.74%	18.34%	18.51%

Source: S&P Capital IQ. Banks template. Financial Sources.