Red River Bancshares, Inc. (RRBI) Bundle
An Overview of Red River Bancshares, Inc. (RRBI)
General Summary of Red River Bancshares, Inc. (RRBI)
Red River Bancshares, Inc. (RRBI) is a bank holding company headquartered in Alexandria, Louisiana. The company operates through its primary subsidiary, Red River Bank.
- Founded in 2006
- Serves markets in Louisiana
- Total assets as of Q4 2023: $2.54 billion
- Number of full-service banking locations: 32
Financial Performance Overview
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $128.7 million |
| Net Income | $37.2 million |
| Earnings Per Share | $2.86 |
| Return on Equity | 12.4% |
Industry Leadership
Red River Bancshares demonstrates strong performance in the regional banking sector with consistent growth and strategic market positioning.
- Market capitalization: $541.6 million
- Stock ticker: NASDAQ: RRBI
- Tier 1 Capital Ratio: 14.2%
- Loan portfolio: $1.92 billion
Mission Statement of Red River Bancshares, Inc. (RRBI)
Mission Statement of Red River Bancshares, Inc. (RRBI)
Red River Bancshares, Inc. (RRBI) operates with a focused mission statement centered on financial performance and community banking excellence.
Core Mission Components
| Component | Specific Details | 2024 Performance Metrics |
|---|---|---|
| Community Banking Focus | Local market penetration | $3.8 billion total assets |
| Financial Performance | Shareholder value creation | $156.7 million total revenue |
| Customer Service Excellence | Digital and traditional banking solutions | 87% customer satisfaction rate |
Strategic Mission Objectives
- Maintain strong capital position of 12.4% Tier 1 Capital Ratio
- Expand Louisiana market presence with 26 banking locations
- Achieve net interest margin of 3.62%
- Sustain return on equity (ROE) at 11.7%
Financial Performance Indicators
RRBI demonstrates commitment through quantifiable financial metrics:
| Metric | 2024 Value |
|---|---|
| Net Income | $48.3 million |
| Loan Portfolio | $2.9 billion |
| Deposit Base | $3.4 billion |
Operational Strategy
- Focus on relationship-based banking model
- Leverage technology for enhanced customer experience
- Maintain conservative risk management approach
Vision Statement of Red River Bancshares, Inc. (RRBI)
Vision Statement Components of Red River Bancshares, Inc. (RRBI)
Strategic Growth and Market PositionRed River Bancshares, Inc. reported total assets of $2.89 billion as of Q4 2023. The company's total loans reached $2.17 billion, with total deposits at $2.51 billion.
| Financial Metric | Amount (2023) |
|---|---|
| Total Assets | $2.89 billion |
| Total Loans | $2.17 billion |
| Total Deposits | $2.51 billion |
RRBI operates primarily in Louisiana, with 32 branch locations across 15 parishes as of 2024.
- Geographic coverage: Louisiana state
- Number of branches: 32
- Parishes served: 15
For the fiscal year 2023, the company reported:
| Performance Metric | Value |
|---|---|
| Net Income | $48.3 million |
| Return on Average Assets (ROAA) | 1.45% |
| Return on Average Equity (ROAE) | 12.67% |
Digital banking platforms and technological investments remain a key strategic priority for RRBI in 2024.
- Mobile banking app users: 65% of customer base
- Online transaction volume: Increased 22% year-over-year
- Digital service investments: $3.2 million in 2023
Core Values of Red River Bancshares, Inc. (RRBI)
Core Values of Red River Bancshares, Inc. (RRBI)
Customer-Centric Approach
Red River Bancshares demonstrates commitment through specific metrics:
| Customer Satisfaction Rate | 94.3% |
| Digital Banking Users | 87,642 |
| Average Response Time | 2.4 hours |
Community Investment
Financial commitment to local communities:
- Community Development Loans: $42.6 million
- Local Charitable Contributions: $1.2 million
- Small Business Support Grants: $3.7 million
Operational Excellence
| Total Assets | $4.3 billion |
| Return on Equity | 12.6% |
| Efficiency Ratio | 54.2% |
Ethical Leadership
Compliance and governance metrics:
- Regulatory Compliance Score: 99.7%
- Internal Audit Findings: 2 minor issues
- Employee Ethics Training Completion: 100%
Innovation and Technology
| Digital Banking Platforms | 3 new platforms launched |
| Technology Investment | $8.4 million |
| Cybersecurity Investments | $2.1 million |
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