Red River Bancshares, Inc. · NASDAQ:RRBI
Red River Bancshares — Investor Presentation (September 2026)
51 slides from Red River Bancshares's investor presentation, Sep 3, 2026
Slide 1: Investor Presentation
INVESTOR PRESENTATION As of June 30, 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.
We’re your people. nu RED RIVER BANK
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 June 30, 2026: ■ Assets = $3.31 billion ■ Loans HFI = $2.26 billion ■ Securities = $738.4 million ■ Deposits = $2.91 billion ■ Market capitalization = $601.1 million ■ Brokerage assets
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 two • Granular, diversified, relationship-based loan and Consistent LDPOs d
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 $65.19 $60.00 Book Value Per Share2 $55.00 $58.40 $50.00 Tangible Book Value Per Share1,2 $58.17 $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: Dividends
Dividends Cash Dividends Per Share $0.54 $0.50 $0.15 $0.36 $0.25 $0.32 $0.09 $0.15 $0.28 $0.08 $0.07 $0.09 $0.08 $0.07 $0.12 $0.09 $0.08 $0.25 $0.07 $0.12 $0.08 $0.09 $0.07 2022 2023 2024 2025 2Q26 Q1 Q2 Q3 Q4 11
Slide 12: Growth Strategies
Growth Strategies De Novo Growth Strategy ■ Disciplined, targeted expansions for profitable growth Historical Asset Growth Method As of June 30, 2026 ■ Target markets with significant disruption by competitors ■ Concentrate on urban markets with growth potential ■ Focus on markets where market share
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 – Began construction on new banking center. ■ 2Q24 – Opened as new full-service banking center. Energy Centre Bank
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. ■ 3Q25 – 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 Leads Nation in Announced Capex in 2026
Louisiana Leads Nation in Announced Capex in 2026 Announced investment since 2024 nearly $260.0 billion Source of announced investment: Louisiana Economic Development 16
Slide 17: SpaceX Announces Louisiana Campus
SpaceX Announces Louisiana Campus ■ On August 25, 2026, SpaceX announced it will invest $100.0 billion to build a launch facility in Vermilion Parish, which is located in south central Louisiana ■ Will be the largest spaceport in the world ■ Designed to support thousands of launches per year with fi
Slide 18: 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 19: Louisiana Data Centers
Louisiana Data Centers Meta Data Center - Richland Parish (Northeast Louisiana) ■ $50.0 billion AI Optimized Data Center, expected to create 1,000 direct new jobs,1,900 indirect new jobs, and 7,500 construction jobs1 ■ 10 million square feet, making it the largest of Meta’s data centers around the w
Slide 20: 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 Septemb
Slide 21: Embracing Technology
Embracing Technology ■ AI governance structure in place to explore safe and effective use of AI tools across RRB ■ 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
Slide 22: 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 full-service, local banking models in many markets we serve Deposits in Louisiana1 $133.2 billion As of June 30, 2025
Slide 23: 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 24: 2Q26 Overview
2Q26 Overview ge RED RIVER BANCSHARES, INC.
Slide 25: 2Q26 Financial Results
2Q26 Financial Results (dollars in thousands, except per share data) 2Q26 1Q26 2Q25 Net Income $ 11,763 $ 11,971 $ 10,196 ■ Net income and EPS decreased EPS, Diluted $ 1.78 $ 1.81 $ 1.51 slightly from 1Q26 Book Value Per Share $ 58.40 $ 56.76 $ 50.23 ■ 1Q26 net income benefited from Tangible Book Va
Slide 26: Balance Sheet
Balance Sheet As of (dollars in thousands) 6/30/26 3/31/26 6/30/25 Assets Cash and due from banks $ 33,327 $ 36,677 $ 42,453 Interest-bearing deposits in other banks 162,069 173,845 167,989 ■ Loans HFI at $2.26 billion, a slight Securities AFS, at fair value 617,016 638,729 566,981 increase from 1Q2
Slide 27: 2Q26 Selected Income Comparison
2Q26 Selected Income Comparison For the Quarters Ended Variance (dollars in thousands) 6/30/2026 3/31/2026 $ % Total Interest and Dividend Income $ 39,323 $ 39,145 $ 178 0.5% Total Interest Expense 10,356 10,741 (385) (3.6%) Net Interest Income $ 28,967 $ 28,404 $ 563 2.0% SBIC Income (Loss) $ (291)
Slide 28: Loan Portfolio Overview
Loan Portfolio Overview ■ Loans HFI = $2.26 billion Largest Industry Concentrations As of June 30, 2026 ■ Average loan size excluding credit cards = $280,000 Health Care 9.2% ■ Broad diversification by industry Investor 1-to-4 and Multifamily 5.4% Construction 5.1% ■ Highest concentration = Health C
Slide 29: Health Care Loans
Health Care Loans ■ Largest industry concentration ■ Health Care loans = $208.0 million, or 9.2% of loans HFI ■ Average loan size = $435,000 ■ No shared national credits, real estate investment trusts, or assisted living facilities ■ Skilled nursing care facilities operate under a certificate of nee
Slide 30: Commercial Real Estate Loans
Commercial Real Estate Loans ■ CRE = $914.0 million, or 40.4% of loans HFI ■ C&D = $234.2 million, or 10.3% of loans HFI ■ CRE criticized loans = $22.8 million, or 2.5% of total CRE loans and 1.0% of loans HFI ■ CRE NPLs = $0 as of June 30, 2026 Owner Occupied CRE NOO CRE C&D by Property Type by Pro
Slide 31: CRE - NOO Office Loans
CRE - NOO Office Loans ■ NOO office loans = $52.3 million, or 2.3% of loans HFI ■ Primarily centered in low-rise suburban areas ■ Average size = $988,000 ■ Average loan-to-value for NOO office loans = 50.8% ■ Criticized NOO office loans = $1.9 million, or 3.7% of total NOO office loans NOO Office Lo
Slide 32: 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 2Q26, RRB CRE Ratio = 155.2% and RRB C&D Ratio = 52.9% C&D Concentration(1) CRE Concentratio
Slide 33: Loans by Market
Loans by Market ■ Expanding operations in Acadiana and New Orleans Markets ■ In addition to full-service banking centers, we have an LDPO in each of our Acadiana and Northwest Markets Opportunities and Challenges to Future Loans Loans HFI Opportunities Originated by Geographic Market As of June 30,
Slide 34: Asset Quality
Asset Quality ■ NPAs decreased to $2.6 million primarily due to the successful resolution of nonaccrual loans NPAs / Assets (end of period) ■ NPAs to Assets = 0.08% ■ Provision expense totaled $750,000 in 2Q26 0.13% 0.11% 0.08% 0.08% ■ ACL to loans HFI = 1.09% 0.04% ■ Net charge-offs to average loan
Slide 35: Deposits
Deposits ■ Deposits were $2.91 billion for 2Q26, a decrease of $40.9 million, or 1.4%, compared to 1Q26, due to the seasonal outflow of funds from customer income tax payments, along with fluctuations in lawyer trust accounts due to timing of legal settlements ■ Noninterest-bearing deposits to depos
Slide 36: Deposit Characteristics
Deposit Characteristics ■ Granular, diversified deposit portfolio and customer base Deposits by Customer Type throughout Louisiana % of Deposits As of June 30, 2026 ■ Average deposit account size = $29,000 (dollars in millions) ■ Public entity deposits Commercial $1,269 ■ Relationship-based Louisian
Slide 37: Securities
Securities Key Securities Metrics as of June 30, 2026 ■ Securities AFS portfolio at fair value = $617.0 million, net of $45.5 million of unrealized loss ■ Securities HTM portfolio at amortized cost = $118.4 million ■ Unrealized loss on HTM portfolio = $19.2 million Securities ■ 2Q26 yield = 2.88% (e
Slide 38: Liquidity and Borrowing Availability
Liquidity and Borrowing Availability Liquidity ■ Liquid Assets1 = $195.4 million, or 5.90% of assets, as of June 30, 2026, with $171.4 million average for 2Q26 ■ $56.8 million securities cashflows in 2H26, yielding 3.69% Borrowing Availability Securities / Assets vs. ■ $1.74 billion in available bor
Slide 39: Capital
Capital ■ Well-capitalized position ■ Cash dividends increased ■ 1Q26 & 2Q26 – 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 –
Slide 40: 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 41: Stockholders’ Equity Trends
Stockholders’ Equity Trends Stockholders’ Equity $400.0 (dollars in millions) $384.6 $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) $429.2 $419.0 $420.0 $408.5 $398.0 $4
Slide 42: 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 $23,734 $3.59 2022 2023 2024 2025 2Q26 2022 2023 2024 2025 2Q26 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Efficiency Ratio YTD Return on Average Assets YTD 59.39% 60.29% 56.60% 55.84% 53
Slide 43: Net Interest Margin Trend
Net Interest Margin Trend ■ NIM FTE increased 10 bps to 3.61% for 2Q26 ■ In 2Q26, had higher loan yields, combined with lower deposit costs 5.50% 5.60% 5.60% 5.64% 5.57% 5.50% 5.00% 4.50% 4.33% 4.30% 4.00% 3.90% 3.65% 3.60% 3.64% 3.63% 3.54% 3.51% 3.50% 3.61% 3.51% 3.43% 3.46% 3.41% 3.36% 3.00% 2.90
Slide 44: Net Interest Margin Update
Net Interest Margin Update Average Yield / Rate Basis Points 2Q26 1Q26 Increase (Decrease) Details New/renewed loan rates: 2Q26 6.38%, 1Q26 6.71% Loans 5.64% 5.60% 4 Floating rate loans = 21.6% of loans HFI Securities 2.88% 2.88% 0 Purchased $11.9 million at 4.50% Total interest-earning assets 4.86%
Slide 45: Noninterest Income (2Q26 vs. 1Q26)
Noninterest Income (2Q26 vs. 1Q26) ■ Noninterest income increased Noninterest Income $205,000 to $4.7 million for 2Q26 For the quarter ended June 30, 2026 (dollars in thousands) ■ Mortgage loan income increased $323,000 to $928,000 for 2Q26 due to increased purchase activity ■ Debit card income, net
Slide 46: Operating Expenses (2Q26 vs. 1Q26)
Operating Expenses (2Q26 vs. 1Q26) ■ Operating expenses increased $1.0 million to $18.3 million for 2Q26 ■ Data processing expense increased $381,000 to $758,000 for 2Q26 ■ 1Q26 benefited from the receipt of a $389,000 periodic refund from our data processing center ■ Personnel expenses increased $1
Slide 47: 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, relocating to higher visibility locations, and adding se
Slide 48: Summary
Summary Well positioned for the future Solid profitability and improved NIM Well capitalized. Quarterly 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 c
Slide 49: Appendix
Appendix ge RED RIVER BANCSHARES, INC.
Slide 50: Non-GAAP Reconciliation
Non-GAAP Reconciliation As of (dollars in thousands, except per share data) 6/30/26 3/31/26 6/30/25 Tangible common equity Total stockholders’ equity $ 384,551 $ 373,326 $ 335,350 Adjustments: Intangible assets (1,546) (1,546) (1,546) Tangible common equity (non-GAAP) $ 383,005 $ 371,780 $ 333,804 R
Slide 51: Non-GAAP Reconciliation (continued)
Non-GAAP Reconciliation (continued) As of (dollars in thousands) 12/31/25 9/30/25 3/31/25 12/31/24 9/30/24 6/30/24 3/31/24 Realized common equity Total stockholders’ equity $ 365,150 $ 351,311 $ 333,316 $ 319,739 $ 324,318 $ 306,990 $ 299,314 Adjustments: Accumulated other comprehensive (income) los
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