Red River Bancshares, Inc. · NASDAQ:RRBI
Red River Bancshares — Investor Presentation (August 2025)
47 slides from Red River Bancshares's investor presentation, Aug 29, 2025
Slide 1: Investor Presentation As of June 30, 2025
INVESTOR PRESENTATION As of June 30, 2025 Nasdaq: RRBI Exhibit 99.1
Slide 2: Legal Disclosures
Legal Disclosures Statements in this presentation regarding our expectations and beliefs about our future financial performance and financial condition, as well as trends in our business, interest rates, and markets, are “forward-looking statements” within the meaning of Section 27A of the Securitie
Slide 3: Glossary
Glossary 3 ■ 4Q21 - Fourth Quarter of 2021 ■ 1Q22 – First Quarter of 2022 ■ 3Q22 – Third Quarter of 2022 ■ 4Q23 – Fourth Quarter of 2023 ■ 2Q24 – Second Quarter of 2024 ■ 3Q24 – Third Quarter of 2024 ■ 4Q24 – Fourth Quarter of 2024 ■ 1Q25 – First Quarter of 2025 ■ 2Q25 – Second Quarter of 2025 ■ 3Q2
Slide 4: We're your people.
Were your people. a RED RIVER BANK
Slide 5: Company overview
5 ■ Established in 1998 in Alexandria, Louisiana ■ Completed IPO in May 2019 ■ Included in Russell 2000 Index ■ As of June 30, 2025: ■ Assets = $3.17 billion ■ Loans HFI = $2.14 billion ■ Securities = $697.3 million ■ Deposits = $2.81 billion ■ Market capitalization = $391.9 million ■ Ownership ■ In
Slide 6: Strong, Stable, Consistent
6 Strong • Well capitalized • Solid liquidity position • Stock repurchase program available • Operating in the largest markets in Louisiana • 28 banking centers and two LDPOs Stable • Conservative credit culture with solid asset quality • Granular, diversified, relationship-based loan and deposit po
Slide 7: History & Strategy
History & Strategy ae RED RIVER BANCSHARES, INC.
Slide 8: Guiding Principles
Guiding Principles 8 Conservative Credit Culture Our founding management team developed the initial credit culture, predicated upon conservative underwriting principles carried over from regional bank experience. This same team has overseen the implementation and periodic adjustment of these core le
Slide 9: Company History
Company History 9 Completed first stock offering of $12.4M1998 Red River Bank opened in Rapides Parish Completed stock offering of $4.0M Acquired Bank of Lecompte in Central Louisiana Expanded into Northwest Market via banking center and completed stock offering of $5.0M Completed stock offering of
Slide 10: Book Value
Book Value 10 Note: Each year on the Book Value Graph represents year-end financial data. 1Non-GAAP measure. See “Legal Disclosures” on slide 2 and “Non-GAAP Reconciliation” slides in the Appendix for additional information. 2Adjusted for 2-for-1 stock split with a record date of October 1, 2018, an
Slide 11: EPS & Dividends
EPS & Dividends 11 $1.10 $1.03 $1.33 $1.16 $1.52 $1.13 $1.27 $1.25 $1.16 $1.51 $1.12 $1.42 $1.12 $1.27 $1.17 $1.42 $1.16 $1.37 Q1 Q2 Q3 Q4 2021 2022 2023 2024 2Q25 $0.28 $0.28 $0.32 $0.36 $0.39 $0.07 $0.07 $0.08 $0.09 $0.12 $0.07 $0.07 $0.08 $0.09 $0.12$0.07 $0.07 $0.08 $0.09 $0.15 $0.07 $0.07 $0.08
Slide 12: Growth Strategies
Growth Strategies 12 De Novo Growth Strategy ■ Disciplined, targeted expansions for profitable growth ■ Target markets with significant disruption by competitors ■ Concentrate on urban markets with growth potential ■ Focus on markets where market share is held by large national and regional banks ■
Slide 13: Expansion Highlights
Acadiana Market – Lafayette, Louisiana ■ 4Q24 – Purchased property. New banking center being planned with construction to begin in 2026. Will be our 2nd banking center in the Acadiana market 13 Expansion Highlights Veterans Memorial Boulevard Banking Center ■ 1Q22 – Purchased land in Metairie, Louis
Slide 14: Louisiana Economic Expansion
14 Louisiana Economic Expansion
Slide 15: Louisiana Energy Projects
Beaver Lake Renewable Energy - Alexandria ■ Repurposing former International Paper site to produce green methanol from wood fiber to use in shipping, aviation, chemicals, and other industries ■ $2.4 billion clean energy project expected to create approximately 1,150 construction jobs, 390 indirect n
Slide 16: Louisiana Economic Development Projects
Meta Data Center - Richland Parish (Northeast Louisiana) ■ $10.0 billion Artificial Intelligence Optimized Data Center, expected to create 500 direct new jobs, 1,000 indirect new jobs, and 5,000 construction jobs1 ■ 4 million sq. ft., making it the largest of more than 20 Meta data centers around th
Slide 17: Embracing Technology
Embracing Technology 17 ■ In 1Q25, RRB upgraded online and mobile banking platforms using Q2 Software’s market leading products. These systems have enhanced RRB’s digital offerings for both consumer and business customers ■ Allows RRB to offer a unified user experience across multiple platforms ■ Fu
Slide 18: Competitive Landscape
Competitive Landscape 181Source: FDIC, Deposits as of June 30, 2024. Investar Bank 1.3% Home Bank 1.7% First Guaranty 2.0% Red River Bank 2.1% Gulf Coast Bank and Trust 2.2% Origin Bank 2.7% b1BANK 3.5% First Horizon 5.7% Regions 6.5% Hancock Whitney 12.8% Capital One 12.9% JP Morgan Chase 16.9% Oth
Slide 19: Leadership Team
Leadership Team 19 R. Blake Chatelain ■ President, Chief Executive Officer, and Director ■ Founding management ■ Previously Executive Vice President of Rapides Bank & Trust Company, a subsidiary of First Commerce Corporation ■ B.S. in Finance from Louisiana State University Isabel V. Carriere, CPA,
Slide 20: 2Q25 Overview
2Q25 Overview ae RED RIVER BANCSHARES, INC.
Slide 21: 2Q25 Financial Results
2Q25 Financial Results 21 ■ Net interest income and NIM FTE increased ■ NIM FTE improved 14 bps ■ Net interest income increased $1.2 million or 4.9% ■ Steady loan growth ■ Slight decrease in deposits and assets ■ Solid liquidity ■ Good asset quality ■ No borrowings, brokered deposits, or internet-so
Slide 22: Balance Sheet
Balance Sheet 22 As of (dollars in thousands) 6/30/25 3/31/25 6/30/24 Assets Cash and due from banks $ 42,453 $ 36,438 $ 35,035 Interest-bearing deposits in other banks 167,989 215,717 178,038 Securities AFS, at fair value 566,981 566,874 526,890 Securities HTM, at amortized cost 127,305 129,686 136
Slide 23: 2Q25 Selected Income Comparison
2Q25 Selected Income Comparison 23 ■ Interest and dividend income increased primarily due to higher yields on loans and higher average loan balances ■ Interest expense decreased due to lower rates on time deposits and lower balances in interest-bearing transaction deposits ■ SBIC income decreased du
Slide 24: Loan Portfolio Overview
Loan Portfolio Overview 24 ■ Loans HFI = $2.14 billion ■ Average loan size excluding credit cards = $262,000 ■ Broad diversification by industry ■ Highest concentration = Health Care at 8.0% ■ Energy exposure at 1.4% ■ Shared National Credits = $35.4 million, or 1.7% of Loans HFI 8.0% 5.8% 4.3% 3.6%
Slide 25: Health Care Loans
Health Care Loans 25 Nursing & Residential Care Facilities 4.0% Physician & Dental Practices 3.4% Hospitals 0.6% ■ Largest industry concentration ■ Health Care loans = $171.6 million, or 8.0% of loans HFI ■ Average loan size = $378,000 ■ No shared national credits, real estate investment trusts, or
Slide 26: Commercial Real Estate Loans
Commercial Real Estate Loans 26 Retail 33.0% Medical Facilities 13.2% Office - Building 13.1% Office - Warehouse 8.5% Industrial 6.9% Farmland 5.4% Churches 4.9% Car Wash Facilities 4.4% Other 10.6% Owner Occupied CRE by Property Type As of June 30, 2025 Retail 27.9% Nursing Homes 16.2% Office - Bui
Slide 27: CRE - NOO Office Loans
CRE - NOO Office Loans 27 Capital $20,823 40.0% Northwest $16,350 31.4% New Orleans $8,193 15.7% Central $4,529 8.7% Northshore $1,093 2.1% Southwest $1,090 2.1% ■ NOO office loans = $52.1 million, or 2.4% of loans HFI ■ Primarily centered in low-rise suburban areas ■ Average size = $964,000 ■ Avera
Slide 28: C&D and CRE Historical Concentrations
C&D and CRE Historical Concentrations 28 42% 56% 51% 48% 45% 70% 77% 79% 71% 63% 35% 46% 33% 39% 48% National State RRB 2021 2022 2023 2024 2Q25 216% 234% 242% 240% 234%233% 258% 249% 262% 247% 146% 163% 150% 157% 159% National State RRB 2021 2022 2023 2024 2Q25 1Source: UBPR - National Peer Group 3
Slide 29: Loans by Market
Loans by Market 29 ■ Changing interest rates impacting customer activity ■ Economic uncertainty regarding tariffs and trade rules ■ Robust competition for new loans Central $593,341 Northwest $341,116 Capital $593,223 Southwest $181,986 Northshore $119,228 Acadiana $107,902 New Orleans $201,784 Loan
Slide 30: Asset Quality
Asset Quality 30 ■ NPAs decreased to $1.3 million ■ NPAs to Assets = 0.04% ■ Provision expense totaled $450,000 in 2Q25 ■ ACL to loans HFI = 1.04% ■ Net charge-offs to average loans since Red River Bank’s opening in 1999 = 0.04% 0.11% 0.10% 0.10% 0.16% 0.04% 2Q24 3Q24 4Q24 1Q25 2Q25 (dollars in thou
Slide 31: Deposits
Deposits 31 ■ Deposits were $2.81 billion for 2Q25, a decrease of $15.1 million, or 0.5%, compared to 1Q25, due to the seasonal outflow of funds for income tax payments ■ Noninterest-bearing deposits to deposits ratio = 31.95% ■ Loans HFI to deposits ratio = 76.09% ■ Cost of deposits = 1.56% ■ No in
Slide 32: Deposit Characteristics
Deposit Characteristics 32 ■ Granular, diversified deposit portfolio and customer base throughout Louisiana ■ Average deposit account size = $28,000 ■ Public entity deposits ■ Relationship-based Louisiana public entities ■ Public entity deposits = $225.0 million, 8.0% of deposits ■ Estimated Uninsur
Slide 33: Securities
Securities 33 Key Securities Metrics as of June 30, 2025 Securities AFS 2Q25 Activity ■ Securities AFS portfolio at fair value = $567.0 million, net of $61.1 million of unrealized loss ■ Securities HTM portfolio at amortized cost = $127.3 million ■ Unrealized loss on HTM portfolio = $22.4 million ■
Slide 34: Liquidity and Borrowing Availability
Liquidity and Borrowing Availability 34 21.9% 22.5% 21.7% 22.0% 22.0% 7.0% 7.5% 8.5% 7.9% 6.6% Securities Liquid Assets 2Q24 3Q24 4Q24 1Q25 2Q25 Securities / Assets vs. Liquid Assets1 / Assets (end of period) 1Liquid Assets, as presented, refers to total cash and cash equivalents. Liquidity Borrowin
Slide 35: Capital
Capital 35 ■ Well-capitalized position ■ Cash dividends ■ 1Q25 & 2Q25 - Paid a quarterly cash dividend of $0.12 per share, a 33% increase from $0.09 per share in 4Q24 ■ 3Q25 - Announced $0.15 per share cash dividend, a 25% increase from $0.12 per share in 2Q25, payable in September 2025 ■ Stock repu
Slide 36: Stock Repurchase Activity
Stock Repurchase Activity 36 (dollars in thousands, except per share data) # Shares Average Price per share Total Purchase Amount 2020 2,824 $ 43.20 $ 122 2021 153,553 $ 51.30 $ 7,878 2022 4,465 $ 48.82 $ 218 2023 101,298 $ 49.35 $ 4,999 2024 327,085 $ 50.51 $ 16,522 2025 (as of 8/7/25) 211,748 $ 52
Slide 37: Stockholders' Equity Trends
Stockholders’ Equity Trends 37 $276.6 $283.4 $282.0 $303.9 $299.3 $307.0 $324.3 $319.7 $333.3 $335.4 2023 2024 2025 Q1 Q2 Q3 Q4 $260.0 $280.0 $300.0 $320.0 $340.0 Total Stockholders’ Equity (dollars in millions) $345.2 $353.1 $359.4 $364.3$362.0 $368.7 $373.9 $380.0 $389.7 $393.4 2023 2024 2025 Q1 Q
Slide 38: Profitability Trends
Profitability Trends 38 $32,952 $36,916 $34,879 $34,235 $20,548 Q1 Q2 Q3 Q4 2021 2022 2023 2024 2Q25 Net Income (in thousands) $4.51 $5.13 $4.86 $4.95 $3.03 Q1 Q2 Q3 Q4 2021 2022 2023 2024 2Q25 Earnings Per Share (Diluted) 56.39% 56.60% 59.39% 60.29% 56.20% 2021 2022 2023 2024 2Q25 Efficiency Ratio
Slide 39: Net Interest Margin Trend
Net Interest Margin Trend 39 ■ NIM FTE increased 14 bps to 3.36% for 2Q25 ■ Improved yields on securities and loans, combined with lower deposit costs ■ NIM FTE has increased for the past 7 consecutive quarters 5.33% 5.26% 4.65% 4.33% 4.33% 5.21% 5.32% 5.34% 5.41% 5.50% 4.19% 4.26% 4.17% 3.80% 3.65%
Slide 40: Net Interest Margin Update
Net Interest Margin Update 40 ■ Solid loan pipeline ■ Redeploy investment cash flows ($50.0 million yielding 3.47%) into higher yielding assets ■ Reprice maturing loans ($112.7 million of fixed rate loans yielding 6.14%) into slightly higher yielding loans ■ Reduce transaction deposit rates ■ Growth
Slide 41: Noninterest Income (2Q25 vs. 1Q25)
Noninterest Income (2Q25 vs. 1Q25) 41 ■ Noninterest income decreased $554,000 to $4.7 million for 2Q25 ■ Brokerage income decreased $336,000 to $989,000 for 2Q25 due to decreased investing activity by clients ■ Assets under management were $1.19 billion ■ SBIC income decreased $233,000 to $47,000 fo
Slide 42: Operating Expenses (2Q25 vs. 1Q25)
Operating Expenses (2Q25 vs. 1Q25) 42 ■ Operating expenses increased $779,000 to $17.4 million for 2Q25 ■ Data processing expense increased $433,000 to $721,000 for 2Q25 ■ The first quarter of 2025 benefited from the receipt of a $447,000 periodic refund from our data processing center Personnel $10
Slide 43: Strategic Outlook
Strategic Outlook 43 ■ Continue building a strong, Louisiana-based, super-community bank by leveraging existing infrastructure and adding select new locations to support growth ■ Protect and build shareholder value and operate with high performing financial results ■ Maintain disciplined capital man
Slide 44: Summary
Summary 44 Solid profitability and increasing NIM Well positioned for the future Well capitalized. Increased cash dividend. Available stock buyback program Diversified loan portfolio with solid asset quality and a good loan pipeline Granular, diversified deposit portfolio Strong liquidity and borrow
Slide 45: Appendix
Appendix ae RED RIVER BANCSHARES, INC.
Slide 46: Non-GAAP Reconciliation
Non-GAAP Reconciliation 46 As of (dollars in thousands, except per share data) 6/30/25 3/31/25 6/30/24 Tangible common equity Total stockholders’ equity $ 335,350 $ 333,316 $ 306,990 Adjustments: Intangible assets (1,546) (1,546) (1,546) Total tangible common equity (non-GAAP) $ 333,804 $ 331,770 $
Slide 47: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued) 47 As of (dollars in thousands) 12/31/24 9/30/24 3/31/24 12/31/23 9/30/23 6/30/23 3/31/23 Realized common equity Total stockholders’ equity $ 319,739 $ 324,318 $ 299,314 $ 303,851 $ 281,951 $ 283,372 $ 276,640 Adjustments: Accumulated other comprehensive (income)
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