The record earnings and dividend hike signal strong capital generation and management confidence, but the flat loan growth and geopolitical commentary suggest near-term caution. Monitor Q2 loan pipeline execution and deposit cost trends; the $10M buyback authorization provides downside support.
Price Chart
Executive Summary
Red River Bancshares reported record-high Q1 2026 net income of $12.0M ($1.81 diluted EPS), up 15.6% YoY from $10.4M ($1.52 EPS), driven by higher net interest income and lower operating expenses. The beat was supported by a 66.7% dividend increase to $0.25/share and steady net interest margin FTE of 3.51%, though noninterest income declined 14.0% YoY and geopolitical uncertainty was flagged.
Key Financial Metrics
Key Facts
- Q1 2026 net income of $12.0M vs $10.4M in Q1 2025 (+15.6% YoY)
- Diluted EPS of $1.81 vs $1.52 in Q1 2025 (+19.1% YoY)
- Net interest income $28.4M vs $24.6M in Q1 2025 (+15.4% YoY)
- Net interest margin FTE steady at 3.51% vs 3.22% in Q1 2025
- Quarterly cash dividend increased 66.7% to $0.25 per share
- Noninterest income declined 14.0% YoY to $4.5M
- Operating expenses decreased 5.5% QoQ to $17.3M, benefiting from $590K in periodic vendor refunds
- Loans HFI flat at $2.25B; deposits down 0.6% QoQ to $2.95B
- NPAs increased 20.6% QoQ to $4.3M (0.13% of assets)
- ACL to loans HFI improved to 1.07% from 1.04% in Q4 2025
- Stock repurchase program has $10.0M remaining capacity; no buybacks in Q1
Financial Impact
Record quarterly net income of $12.0M, EPS $1.81 vs consensus $1.69 (7.1% beat); revenue (net interest income + noninterest income) of $32.9M vs consensus $33.0M (slight miss on top line due to noninterest income decline)
Risk Factors
- Geopolitical uncertainty (Iran) could impact energy prices and inflation, pressuring net interest margin
- Noninterest income declined 14% YoY; SBIC losses and lower brokerage income may persist
- NPAs increased 20.6% QoQ; credit quality deterioration could accelerate if economic conditions worsen
- Flat loan growth in Q1 may signal slower organic expansion than guided
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001071236-26-000035 |
| Document: 0001071236-26-000035-index.html | 0001071236-26-000035 |
| Document: 0001071236-26-000035.txt | 0001071236-26-000035 |
| 8-K Data (Synthetic) | 0001071236-26-000035 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 3, 2026 7w ago | 8-K | $103.49 | awaiting T+60 | — | $103.43 (−0.06%) |
Jul 30, 2026 12w ago | 8-K | $98.51 $103.27 | ▲ +4.83% | ▲ +2.37% | $103.43 (+4.99%) |
Jun 19, 2026 18w ago | Institutional Cluster | $89.02 $102.91 | ▲ +15.60% | ▲ +13.86% | $103.43 (+16.19%) |
May 28, 2026 21w ago | 8-K | $90.92 $101.31 | ▲ +11.43% | ▲ +10.24% | $103.43 (+13.76%) |
May 28, 2026 21w ago | 8-K | $90.92 $101.31 | ▲ +11.43% | ▲ +10.24% | $103.43 (+13.76%) |
Apr 30, 2026 25w ago | 8-K | $90.73 $99.72 | ▲ +9.91% | ▲ +6.80% | $103.43 (+14.00%) |
Apr 30, 2026 25w ago | Press Release | $90.73 $99.72 | ▲ +9.91% | ▲ +6.80% | $103.43 (+14.00%) |
US Market Status
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