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Stock impact report

Red River Bancshares, Inc. Reports First Quarter 2020 Financial Results and Updates on the Coronavirus Pandemic and the Paycheck Protection Program

Red River Bancshares, Inc. (RRBI) 
Company Research Source: GlobeNewswire
ALEXANDRIA, La., April 29, 2020 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (the “Company”), (Nasdaq: RRBI), the holding company for Red River Bank (the “Bank”), announced today its unaudited financial results for the first quarter of 2020 and provided an update on the Bank's response to the outbreak of the novel coronavirus ("COVID-19") pandemic and its participation in the Small Business Administration ("SBA") Paycheck Protection Program ("PPP"). Net income for the first quarter of 2020 was $6.7 million, or $0.92 per diluted common share ("EPS"), which was consistent with $6.7 million, or $0.92 EPS, for the fourth quarter of 2019, and an increase of $1.0 million, or 18.4%, compared to $5.7 million, or $0.85 EPS, for the first quarter of 2019. COVID-19 Pandemic and the Paycheck Protection Program Update In January and February of 2020, Red River Bank had normal banking operations. However, March and April of 2020 were dominated by the global outb Show less Read more
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