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Red River Bancshares, Inc. Reports Fourth Quarter and Year-End 2023 Financial Results [Yahoo! Finance]

Red River Bancshares, Inc. (RRBI) 
Company Research Source: Yahoo! Finance
Bank (the “Bank”), announced today its financial results for the fourth quarter and year ended 2023. Net income for the fourth quarter of 2023 was $8.3 million, or $1.16 per diluted common share (“EPS”), an increase of $271,000, or 3.4%, compared to $8.0 million, or $1.12 EPS, for the third quarter of 2023, and a decrease of $1.9 million, or 18.6%, compared to $10.2 million, or $1.42 EPS, for the fourth quarter of 2022. For the fourth quarter of 2023, the quarterly return on assets was 1.08%, and the quarterly return on equity was 11.63%. Net income for the year ended December 31, 2023, was $34.9 million, or $4.86 EPS, a decrease of $2.0 million, or 5.5%, compared to $36.9 million, or $5.13 EPS, for the year ended December 31, 2022. For the year ended December 31, 2023, the return on assets was 1.15%, and the return on equity was 12.44%. Fourth Quarter and Year-End Performance and Operational Highlights In the fourth quarter of 2023, the Company had higher earnings and an impr Show less Read more
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