Core Viewpoint - The article emphasizes the importance of identifying and sustaining stock price trends for successful short-term investing, highlighting the need for strong fundamentals and positive earnings revisions to maintain momentum [1][2]. Group 1: Stock Performance - Red River Bancshares (RRBI) has shown a solid price increase of 1.2% over the past 12 weeks, indicating investor confidence in its potential upside [4]. - Over the last four weeks, RRBI's price has increased by 15.2%, suggesting that the upward trend is still intact [5]. - RRBI is currently trading at 80.9% of its 52-week high-low range, indicating a potential breakout opportunity [5]. Group 2: Fundamental Strength - RRBI holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term performance [7]. Group 3: Investment Strategy - The article suggests that investors can utilize the "Recent Price Strength" screen to identify stocks like RRBI that are on an upward trend supported by strong fundamentals [3][8]. - It also mentions the availability of over 45 Zacks Premium Screens tailored to different investing styles, which can help in finding potential winning stocks [8].

Core Insights - Red River Bancshares (RRBI) reported quarterly earnings of $1.37 per share, exceeding the Zacks Consensus Estimate of $1.23 per share, and up from $1.16 per share a year ago, representing an earnings surprise of 11.38% [1] - The company achieved revenues of $28.68 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 3.70% and increasing from $27.28 million year-over-year [2] - The stock has added approximately 0.7% since the beginning of the year, underperforming compared to the S&P 500's gain of 2.7% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.19 on revenues of $27.63 million, and for the current fiscal year, it is $5.10 on revenues of $114.24 million [7] - The estimate revisions trend for Red River Bancshares is favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Banks - Southwest industry, to which Red River Bancshares belongs, is currently in the top 4% of over 250 Zacks industries, suggesting a positive outlook for the sector [8]

Financial Performance - Net income for Q4 2024 was $9.3 million, or $1.37 per diluted share, a 6.3% increase from Q3 2024 and a 12.2% increase from Q4 2023[3] - Net income for the three months ended December 31, 2024, was $9,306,000, an increase from $8,754,000 in the previous quarter[47] - Net income for the year ended December 31, 2024, was $34,235,000, slightly down from $34,879,000 in 2023, indicating a decrease of 1.8%[51] - Earnings per share (diluted) increased to $1.37 for Q4 2024, compared to $1.27 in Q3 2024[47] - The return on average assets improved to 1.18% in Q4 2024, up from 1.13% in Q3 2024[47] - The efficiency ratio improved to 58.71% in Q4 2024, compared to 60.09% in Q3 2024, indicating better cost management[47] Income and Revenue - Net interest income for Q4 2024 was $23.7 million, a 5.5% increase from Q3 2024, driven by higher loan balances and improved yields on securities[11] - Noninterest income for Q4 2024 was $5.0 million, a decrease of 7.8% from the previous quarter, mainly due to a loss on equity securities[15] - Total interest and dividend income increased to $35,630,000, up from $32,041,000 for the same period in 2023, representing a growth of 11.1%[51] - Net interest income after provision for credit losses for the year ended December 31, 2024, was $88,094,000, compared to $85,703,000 for the previous year, reflecting an increase of 2.0%[51] - Total noninterest income for the year ended December 31, 2024, was $20,441,000, a decrease of 3.2% from $21,114,000 in 2023[51] Assets and Liabilities - Total assets as of December 31, 2024, were $3.15 billion, a 1.5% increase from September 30, 2024, primarily due to a $58.0 million increase in deposits[20] - Total assets reached $3,149,594,000 as of December 31, 2024, up from $3,101,750,000 at the end of Q3 2024[49] - Total assets grew to $3,149,594 thousand in 2024 from $3,128,810 thousand in 2023, reflecting an increase of 0.7%[59] - Total stockholders' equity decreased by $4.6 million, or 1.4%, to $319.7 million as of December 31, 2024, primarily due to market adjustments and stock repurchases[39] - Total stockholders' equity reached $319,739 thousand as of December 31, 2024, up from $303,851 thousand in 2023, marking a growth of 5.2%[59] Loans and Deposits - Loans held for investment increased to $2.08 billion, a 0.9% increase from the previous quarter, with significant loan commitments expected to fund over time[20] - Total deposits as of December 31, 2024, reached $2.81 billion, reflecting a growth of $58.0 million or 2.1% compared to September 30, 2024[33][34] - Loans held for investment (HFI) as of December 31, 2024, were $2.08 billion, a slight increase of 0.9% from $2.06 billion as of September 30, 2024[25][26] - Noninterest-bearing demand deposits decreased by $15.9 million, or 1.8%, while total interest-bearing deposits increased by $73.9 million, or 4.0%[34] - The bank closed on a high level of loan commitments in Q4 2024, with unfunded commitments totaling $106.2 million[25] Credit Quality - The provision for credit losses for Q4 2024 was $300,000, reflecting potential economic challenges and increased unfunded loan commitments[14] - The allowance for credit losses (ACL) was $21.7 million, representing 1.05% of loans HFI, slightly down from 1.06% as of September 30, 2024[31] - The ratio of non-performing assets (NPAs) to total assets remained stable at 0.10% as of December 31, 2024[30] - Nonperforming loans to loans held for investment (HFI) ratio was 0.16% in Q4 2024, slightly up from 0.15% in Q3 2024[47] - The provision for credit losses for the year ended December 31, 2024, was $1,200,000, compared to $735,000 in 2023, reflecting an increase of 63.5%[51] Stock and Shareholder Information - The company repurchased 327,085 shares in 2024, positively impacting earnings per share by $0.14[6] - The stock repurchase program for 2025 has been renewed, authorizing up to $5.0 million in share repurchases[6] - Cash dividends per share remained stable at $0.09 for both Q4 2024 and Q3 2024[47] - Book value per share increased to $47.18 in 2024 from $42.85 in 2023, representing an increase of 10.3%[59] Future Plans and Strategies - The company plans to build a new banking center in Lafayette, Louisiana, as part of its organic expansion strategy[14]

Core Viewpoint - Red River Bancshares, Inc. reported strong financial performance in the fourth quarter of 2024, with increased net income and improved net interest margin, despite a slight decline in annual net income compared to the previous year [2][3][4]. Financial Performance - Net income for Q4 2024 was $9.3 million, or $1.37 per diluted share, up 6.3% from Q3 2024 and 12.2% from Q4 2023 [2][4]. - For the year ended December 31, 2024, net income was $34.2 million, or $4.95 EPS, a decrease of 1.8% from $34.9 million in 2023 [3]. - The return on assets for Q4 2024 was 1.18%, and the return on equity was 11.46% [2][3]. Operational Highlights - The company experienced an improved net interest margin, which increased to 3.09% in Q4 2024 from 2.98% in Q3 2024, driven by higher loan balances and lower deposit rates [4][11]. - Net interest income for Q4 2024 was $23.7 million, a 5.5% increase from the previous quarter [10]. - Total assets as of December 31, 2024, were $3.15 billion, reflecting a 1.5% increase from the previous quarter, primarily due to a $58.0 million increase in deposits [21][22]. Loan and Deposit Activity - Loans held for investment (HFI) increased to $2.08 billion, a slight rise from $2.06 billion in the previous quarter [26]. - Total deposits reached $2.81 billion, up 2.1% from $2.75 billion as of September 30, 2024, largely due to seasonal inflows from public entity customers [33][36]. Stock Repurchase and Dividends - The company repurchased 632 shares in Q4 2024 at a cost of $33,000, completing a stock repurchase program for 2024 that authorized up to $5.0 million [4][5]. - A quarterly cash dividend of $0.09 per share was paid in Q4 2024 [4]. Asset Quality - Nonperforming assets (NPAs) totaled $3.3 million, or 0.10% of total assets, as of December 31, 2024 [31]. - The allowance for credit losses (ACL) was $21.7 million, representing 1.05% of loans HFI [32]. Future Outlook - The company anticipates continued improvement in net interest income and margin in the first half of 2025, supported by a favorable interest rate environment [7][14].

Core Viewpoint - Red River Bancshares (RRBI) is identified as a strong value stock, currently holding a Zacks Rank of 2 (Buy) and an A grade in the Value category, indicating it is likely undervalued in the market [4][7]. Valuation Metrics - RRBI has a P/E ratio of 10.26, significantly lower than the industry average of 14.91, suggesting it is undervalued compared to its peers [4]. - The stock's P/B ratio stands at 1.09, which is attractive compared to the industry's average P/B of 2.07, further indicating potential undervaluation [5]. - RRBI's P/CF ratio is 9.94, well below the industry average of 17.58, reinforcing the notion that the stock may be undervalued based on its cash flow outlook [6]. Historical Performance - Over the past 52 weeks, RRBI's Forward P/E has fluctuated between a high of 12.86 and a low of 9.31, with a median of 10.66 [4]. - The P/B ratio for RRBI has ranged from a high of 1.30 to a low of 1.03, with a median of 1.14 over the past year [5]. - The P/CF ratio has varied between a high of 11.59 and a low of 8.67, with a median of 9.70 in the last 12 months [6].

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, incl ...

ALEXANDRIA, La., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (Nasdaq: RRBI) (the “Company”) announced today that its board of directors approved the renewal of its stock repurchase program, which will expire on December 31, 2024. The renewed repurchase program authorizes the Company to purchase up to $5.0 million of its outstanding shares of common stock from January 1, 2025 through December 31, 2025. Blake Chatelain, the Company’s President and Chief Executive Officer, said, “We are please ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Large accelerated filer ☐ Accelerated filer ☒ Non-accelerated filer ☐ Smaller reporting company☐ Emerging growth company☒ FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended: September 30, 2024 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission File Number: 001- ...

ALEXANDRIA, La., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (Nasdaq: RRBI) (the “Company”) announced today that, on November 5, 2024, the Company entered into a stock repurchase agreement with two shareholders for the repurchase by the Company of 50,000 shares of its common stock in a privately-negotiated transaction for a purchase price of $2.5 million. The purchase price reflects a discount to the 10-, 20-, and 30-day volume weighted average price on November 1, 2024. Blake Chatelain, th ...

Red River Bancshares (RRBI) came out with quarterly earnings of $1.27 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.12 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.63%. A quarter ago, it was expected that this holding company for Red River Bank would post earnings of $1.12 per share when it actually produced earnings of $1.16, delivering a surprise of 3.57%. Over the ...