Red River Bancshares Q2 NIM Rises 10bp to 3.61%, Guides Higher H2 Loan Growth
RRBI sits 75% above its 52-week low of $58.18.
Summary
Red River Bancshares reported Q2 net income of $11.76M ($1.78 EPS) with net interest margin expanding 10 basis points to 3.61%, driven by higher loan yields and lower deposit costs. Nonperforming assets dropped 38% on problem loan resolutions, boosting interest income. Management guided for higher loan growth and slightly increasing net interest income and margin in H2 2026, signaling confidence in the rate environment. The stock trades near its 52-week high at 14x forward earnings, reflecting improved profitability. This follows a Q1 marked by record net income but rising special mention loans; the sharp drop in NPAs suggests credit quality is stabilizing.
At the time of this announcement, RRBI was trading at $101.68 on NASDAQ in the Finance sector, with a market capitalization of approximately $669.5M. The 52-week trading range was $58.18 to $103.49. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.