Red River Bancshares, Inc. · NASDAQ:RRBI
Red River Bancshares — Investor Presentation (May 2026)
53 slides from Red River Bancshares's investor presentation, May 14, 2026
Slide 1: Investor Presentation
INVESTOR PRESENTATION As of March 31, 2026 Nasdaq: RRBI
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 ■ 1Q22 – First Quarter of 2022 ■ CAGR – Compound annual growth rate ■ M – Dollars in millions ■ 4Q23 – Fourth Quarter of 2023 ■ CGMA – Chartered Global Management ■ M.B.A. – Master of Business Administration Accountant ■ 2Q24 – Second Quarter of 2024 ■ MBS – Mortgage-backed securities ■ CL(
Slide 4: We're your people.
Were your people. re RED RIVER BANK redriverbank.net
Slide 5: Company overview and key facts
■ Established in 1998 in Alexandria, Louisiana ■ Completed IPO in May 2019 ■ Included in Russell 2000 Index ■ As of March 31, 2026: ■ Assets = $3.35 billion ■ Loans HFI = $2.25 billion ■ Securities = $762.4 million ■ Deposits = $2.95 billion ■ Market capitalization = $594.8 million ■ Brokerage asset
Slide 6: We're your people.
Strong • Well capitalized • Solid liquidity position • Stock repurchase program Stable available • Conservative credit culture • Operating in the largest with solid asset quality markets in Louisiana • 28 banking centers and three • Granular, diversified, relationship-based loan and Consistent LDPOs
Slide 7: History & Strategy
History & Strategy ge RED RIVER BANCSHARES, INC.
Slide 8: Guiding Principles
Guiding Principles Relationship-Driven Client Focus Our relationship-driven client focus and consistent lending philosophy result in loyal loan customers who also provide stable core deposits. Experienced Bankers In addition to a cohesive, long-tenured executive management team, we enjoy the benefit
Slide 9: Company History
Company History 1998 Completed first stock offering of $12.4M with a price per share of $3.34 1999 Red River Bank opened in Rapides Parish 2000 Completed stock offering of $4.0M 2003 Acquired Bank of Lecompte in Central Louisiana 2006 Expanded into Northwest Market via banking center and completed s
Slide 10: Book Value
Book Value $65.00 Realized Book Value Per Share1,2 $63.70 $60.00 Book Value Per Share2 $55.00 $56.76 $50.00 Tangible Book Value Per Share1,2 $56.53 $45.00 $40.00 $35.00 $30.00 $25.00 $20.00 $15.00 CAGR 10.9% $10.00 $5.00 $— 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2
Slide 11: EPS & Dividends
EPS & Dividends Earnings Per Share (Diluted) Cash Dividends Per Share $6.38 $0.54 $1.73 $5.13 $0.15 $4.95 $4.86 1 $1.42 $1.16 $1.37 $0.36 $1.63 $0.32 $0.09 $0.15 $0.28 $1.12 $0.08 $1.42 $1.27 $0.25 $0.07 $0.09 $1.51 $0.08 $0.07 $0.12 $1.25 $1.81 $1.16 $1.27 $0.09 $0.08 $0.25 $0.07 $1.81 $1.52 $1.33
Slide 12: Growth Strategies
Growth Strategies De Novo Growth Strategy ■ Disciplined, targeted expansions for profitable growth Historical Asset Growth Method As of March 31, 2026 ■ Target markets with significant disruption by competitors ■ Concentrate on urban markets with growth potential ■ Focus on markets where market shar
Slide 13: Expansion Highlights
Expansion Highlights New Orleans Market - New Orleans, Louisiana Veterans Memorial Boulevard Banking Center ■ 1Q22 – Purchased land in Metairie, Louisiana (a New Orleans suburb). ■ 4Q23 – Construction began on new banking center. ■ 2Q24 – Opened as a new full-service banking center. Energy Centre Ba
Slide 14: Expansion Highlights
Expansion Highlights Northwest Market – Shreveport, Louisiana Shreveport Commercial and Private Banking LDPO ■ We own the land adjacent to the East Kings banking center. ■ 2025 – Began construction on new market headquarters building, the Shreveport Commercial and Private Banking LDPO, on this land.
Slide 15: Expansion Highlights
Expansion Highlights Acadiana Market – Lafayette, Louisiana Camellia Boulevard Banking Center ■ 4Q24 – Purchased property on Camellia Boulevard. ■ 1Q26 – Held ground-breaking ceremony. ■ Early 2027 – Estimated opening as our 2nd full- service banking center in the Acadiana Market. 15
Slide 16: Louisiana Economic Expansion
Louisiana Economic Expansion Total Announced Projects: $101.1 billion 16
Slide 17: Louisiana Energy Projects
Louisiana Energy Projects Venture Global LNG - Port Sulphur (On Mississippi River, south of New Orleans) ■ Began LNG production in December 2024 ■ In March 2025, announced $18.0 billion expansion, which will make it the largest LNG export facility in North America1 Venture Global LNG - Cameron Paris
Slide 18: Louisiana Data Centers
Louisiana Data Centers Amazon Data Center Campuses - Caddo and Bossier Parishes (Northwest Louisiana) ■ $12.0 billion data center campuses to support cloud computing technologies, expected to create 540 direct new jobs,1,700 indirect new jobs, and 1,500 construction jobs1 ■ Multi-site investment acr
Slide 19: Other Louisiana Economic Development
Other Louisiana Economic Development Hyundai Steel Company - Donaldsonville (South of Baton Rouge) ■ $5.8 billion ultra-low carbon steel production plant, expected to create 1,300 direct new jobs with an average salary of $95,000, and 4,100 indirect new jobs1 ■ Construction expected to begin 3Q26 Uc
Slide 20: Embracing Technology
Embracing Technology ■ RRB created an Artificial Intelligence Committee to explore safe and effective use of AI across RRB ■ Partnered with Jump, an LPL partner, to support our Investment Group with additional customer service tools ■ In 1Q25, RRB upgraded online and mobile banking platforms using Q
Slide 21: Competitive Landscape
Competitive Landscape ■ Red River Bank holds 2.1% of Louisiana deposits1 ■ 53.6% of Louisiana deposits are held by large national or regional banks1 ■ Large banks are de-emphasizing markets we serve Deposits in Louisiana1 $133.2 billion As of June 30, 2025 Deposit Market Share as of June 30, 20251 R
Slide 22: Leadership Team
Leadership Team R. Blake Chatelain ■ President, Chief Executive Officer, and Director G. Bridges Hall, IV ■ Founding management ■ Executive Vice President and Chief Credit Policy ■ Previously Executive Vice President of Rapides Bank & Trust Officer1 Company, a subsidiary of First Commerce Corporatio
Slide 23: 2025 Overview
2025 Overview ge RED RIVER BANCSHARES, INC.
Slide 24: 2025 Highlights
2025 Highlights (dollars in thousands, except per share data) 2025 2024 Net Income $ 42,764 $ 34,235 EPS, Diluted $ 6.38 $ 4.95 ■ Net income increased 24.9% to $42.8 million for 2025 Book Value Per Share $ 55.52 $ 47.18 ■ EPS (diluted) was $6.38 for 2025, compared to $4.95 Tangible Book Value Per Sh
Slide 25: 2025 Selected Income Comparison
2025 Selected Income Comparison For the Years Ended Variance (dollars in thousands) 12/31/25 12/31/24 $ % Total Interest and Dividend Income $ 149,886 $ 137,230 $ 12,656 9.2% Total Interest Expense 44,329 47,936 (3,607) (7.5%) Net Interest Income $ 105,557 $ 89,294 $ 16,263 18.2% Provision for Credi
Slide 26: 1Q26 Overview
1026 Overview ge RED RIVER BANCSHARES, INC.
Slide 27: 1Q26 Financial Results
1Q26 Financial Results (dollars in thousands, except per share data) 1Q26 4Q25 1Q25 Net Income $ 11,971 $ 11,415 $ 10,352 ■ Net income and EPS increased EPS, Diluted $ 1.81 $ 1.73 $ 1.52 ■ Net income benefited from Book Value Per Share $ 56.76 $ 55.52 $ 49.18 approximately $590,000 of Tangible Book
Slide 28: Balance Sheet
Balance Sheet As of (dollars in thousands) 3/31/26 12/31/25 3/31/25 Assets Cash and due from banks $ 36,677 $ 25,685 $ 36,438 Interest-bearing deposits in other banks 173,845 187,707 215,717 Securities AFS, at fair value 638,729 647,310 566,874 Securities HTM, at amortized cost 120,609 122,619 129,6
Slide 29: 1Q26 Selected Income Comparison
1Q26 Selected Income Comparison For the Quarters Ended Variance (dollars in thousands) 3/31/2026 12/31/2025 $ % Total Interest and Dividend Income $ 39,145 $ 39,199 $ (54) (0.1%) Total Interest Expense 10,741 10,958 (217) (2.0%) Net Interest Income $ 28,404 $ 28,241 $ 163 0.6% SBIC Income (Loss) $ (
Slide 30: Loan Portfolio Overview
Loan Portfolio Overview ■ Loans HFI = $2.25 billion Largest Industry Concentrations As of March 31, 2026 ■ Average loan size excluding credit cards = $278,000 Health Care 9.1% Investor 1-to-4 and ■ Broad diversification by industry 5.4% Multifamily Construction 5.0% ■ Highest concentration = Health
Slide 31: Health Care Loans
Health Care Loans ■ Largest industry concentration ■ Health Care loans = $204.3 million, or 9.1% of loans HFI ■ Average loan size = $436,000 ■ No shared national credits, real estate investment trusts, or assisted living facilities ■ Skilled nursing care facilities operate under a certificate of nee
Slide 32: Commercial Real Estate Loans
Commercial Real Estate Loans ■ CRE = $911.0 million, or 40.4% of loans HFI ■ C&D = $240.7 million, or 10.7% of loans HFI ■ CRE criticized loans = $23.8 million, or 2.6% of total CRE loans and 1.1% of loans HFI ■ CRE NPLs = $150,000 as of March 31, 2026 Owner Occupied CRE NOO CRE C&D by Property Type
Slide 33: CRE - NOO Office Loans
CRE - NOO Office Loans ■ NOO office loans = $52.1 million, or 2.3% of loans HFI ■ Primarily centered in low-rise suburban areas ■ Average size = $965,000 ■ Average loan-to-value for NOO office loans = 51.1% ■ Criticized NOO office loans = $2.0 million, or 3.9% of total NOO office loans NOO Office Lo
Slide 34: C&D and CRE Historical Concentrations
C&D and CRE Historical Concentrations ■ Low levels of CRE relative to state, regional, and national peers ■ Concentration ratios as a % of risk-based capital are well below bank regulatory guidelines ■ As of 1Q26, RRB CRE Ratio = 158.8% and RRB C&D Ratio = 55.7% C&D Concentration(1) CRE Concentratio
Slide 35: Loans by Market
Loans by Market ■ Expanding operations in Acadiana and New Orleans Markets ■ In addition to full-service banking centers, we have LDPOs in our New Orleans, Acadiana, and Northwest Markets Opportunities and Challenges to Future Loans Loans HFI Opportunities Originated by Geographic Market As of March
Slide 36: Asset Quality
Asset Quality ■ NPAs increased to $4.3 million NPAs / Assets (end of period) ■ NPAs to Assets = 0.13% 0.16% ■ Provision expense totaled $750,000 in 1Q26 0.11% 0.13% 0.08% ■ ACL to loans HFI = 1.07% 0.04% ■ Net charge-offs to average loans since RRB’s opening in 1999 = 0.04% 1Q25 2Q25 3Q25 4Q25 1Q26
Slide 37: Deposits
Deposits ■ Deposits were $2.95 billion for 1Q26, a decrease of $17.5 million, or 0.6%, compared to 4Q25, due to the seasonal outflow of funds from public entity customers exceeding increased commercial deposits ■ Noninterest-bearing deposits to deposits ratio = 31.11% Deposits by Category (end of pe
Slide 38: Deposit Characteristics
Deposit Characteristics Deposits by Customer Type ■ Granular, diversified deposit portfolio and customer base % of Deposits throughout Louisiana As of March 31, 2026 (dollars in millions) ■ Average deposit account size = $29,000 ■ Public entity deposits Commercial $1,297 ■ Relationship-based Louisia
Slide 39: Securities
Securities Key Securities Metrics as of March 31, 2026 ■ Securities AFS portfolio at fair value = $638.7 million, net of $46.4 million Securities of unrealized loss (end of period) (in millions) ■ Securities HTM portfolio at amortized cost = $120.6 million $776.1 $773.0 $762.4 ■ Unrealized loss on H
Slide 40: Liquidity and Borrowing Availability
Liquidity and Borrowing Availability Liquidity ■ Liquid Assets1 = $210.5 million, or 6.29% of assets, as of March 31, 2026, with $224.4 million average for 1Q26 ■ Estimated cash flows from securities, assuming consistent prepayment rates ■ $90.9 million principal repayments from April 2026 to Decemb
Slide 41: Capital
Capital ■ Well-capitalized position ■ Cash dividends increased ■ 1Q26 – Paid a quarterly cash dividend of $0.25 per share, a 67% increase from $0.15 per share in 4Q25 ■ 3Q25 & 4Q25 – Paid a quarterly cash dividend of $0.15 per share, a 25% increase from $0.12 per share in 2Q25 ■ 1Q25 & 2Q25 – Paid a
Slide 42: Stock Repurchase Activity
Stock Repurchase Activity Average Price Total Purchase (dollars in thousands, except per share data) # Shares per share 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 211,748 $ 52.74 $ 11,167 2026
Slide 43: Stockholders' Equity Trends
Stockholders’ Equity Trends Stockholders’ Equity $400.0 (dollars in millions) $373.3 $375.0 $365.2 $351.3 $350.0 $333.3 $335.4 $324.3 $319.7 $325.0 $307.0 $299.3 $300.0 $275.0 Q1 Q2 Q3 Q4 2024 2025 2026 Realized Common Equity1 $440.0 (dollars in millions) $419.0 $420.0 $408.5 $398.0 $400.0 $393.4 $3
Slide 44: Profitability Trends
Profitability Trends Net Income Earnings Per Share (Diluted) (in thousands) $42,764 $6.38 $36,916 $34,879 $34,235 $5.13 $4.86 $4.95 $11,971 $1.81 2022 2023 2024 2025 1Q26 2022 2023 2024 2025 1Q26 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Efficiency Ratio YTD Return on Average Assets YTD 59.39% 60.29% 56.60% 55.84% 52
Slide 45: Net Interest Margin Trend
Net Interest Margin Trend ■ NIM FTE was consistent at 3.51% for 1Q26 and 4Q25 ■ In 1Q26, had higher average balances in interest-earning assets, combined with lower deposit costs 5.50% 5.41% 5.50% 5.57% 5.60% 5.60% 5.00% 4.50% 4.33% 4.33% 4.30% 3.90% 4.00% 3.80% 3.65% 3.60% 3.64% 3.54% 3.50% 3.51% 3
Slide 46: Net Interest Margin Update
Net Interest Margin Update Average Yield / Rate Basis Points 1Q26 4Q25 Increase (Decrease) Details New/renewed loan rates: 1Q26 6.71%, 4Q25 6.72% Loans 5.60% 5.60% 0 Floating rate loans = 20.6% of loans HFI Securities 2.88% 2.90% (2) Purchased $24.7 million at 4.52% Total interest-earning assets 4.8
Slide 47: Noninterest Income (1Q26 vs. 4Q25)
Noninterest Income (1Q26 vs. 4Q25) ■ Noninterest income decreased Noninterest Income $416,000 to $4.5 million for 1Q26 For the quarter ended March 31, 2026 (dollars in thousands) ■ Other income decreased $106,000 to $83,000 for 1Q26 ■ 4Q25 included $127,000 of Other Income nonrecurring JAM FINTOP $1
Slide 48: Operating Expenses (1Q26 vs. 4Q25)
Operating Expenses (1Q26 vs. 4Q25) ■ Operating expenses decreased $1.0 million to $17.3 million for 1Q26 ■ Personnel expenses decreased $437,000 to $10.5 million for 1Q26. Decrease was primarily due to lower personnel-related accruals and lower revenue-based commissions ■ Data processing expense dec
Slide 49: Strategic Outlook
Strategic Outlook ■ Continue de novo, organic expansion strategy by expanding in Louisiana markets and adding experienced, local bankers ■ Continue building a strong, Louisiana-based, super-community bank by leveraging existing infrastructure and adding select new locations to support growth ■ Conti
Slide 50: Summary
Summary Well positioned for the future Solid profitability and consistent NIM 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 borrowing
Slide 51: Appendix
Appendix ge RED RIVER BANCSHARES, INC.
Slide 52: Non-GAAP Reconciliation
Non-GAAP Reconciliation As of (dollars in thousands, except per share data) 3/31/26 12/31/25 3/31/25 12/31/24 Tangible common equity Total stockholders’ equity $ 373,326 $ 365,150 $ 333,316 $ 319,739 Adjustments: Intangible assets (1,546) (1,546) (1,546) (1,546) Total tangible common equity (non-GAA
Slide 53: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued) As of (dollars in thousands) 9/30/25 6/30/25 9/30/24 6/30/24 3/31/24 Realized common equity Total stockholders’ equity $ 351,311 $ 335,350 $ 324,318 $ 306,990 $ 299,314 Adjustments: Accumulated other comprehensive (income) loss 46,639 58,026 49,624 61,732 62,700 T
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