Mission Statement, Vision, & Core Values (2024) of Red River Bancshares, Inc. (RRBI)

Mission Statement, Vision, & Core Values (2024) of Red River Bancshares, Inc. (RRBI)

US | Financial Services | Banks - Regional | NASDAQ

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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 Position

Red 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
Regional Banking Strategy

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
Financial Performance Indicators

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%
Technology and Innovation Focus

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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