Red River Bancshares (RRBI) investor relations material

Executive summary

• Net income for Q2 2026 was $11.8 million ($1.78 diluted EPS), down 1.7% sequentially but up 15.5% year-over-year for the six months ended June 30, 2026, driven by higher net interest income; ROA was 1.43% and ROE was 12.41%.

• For the first half of 2026, net income was $23.7 million, up 15.5% year-over-year; EPS was $3.59.

• Assets decreased 1.1% sequentially to $3.31 billion, primarily due to a $40.9 million decrease in deposits.

• Loans held for investment (HFI) grew slightly to $2.26 billion, while deposits declined 1.4% to $2.91 billion due to seasonal outflows and legal settlement timing.

• Completed Northwest market expansion and banking center relocations; two new directors appointed, one founding director retired.

Financial highlights

• Net interest income for Q2 2026 was $29.0 million, up 2.0% sequentially, with net interest margin (FTE) rising to 3.61%.

• For the six months ended June 30, 2026, net interest income was $57.4 million, up 13.8% year-over-year.

• Noninterest income for Q2 2026 was $4.7 million, up 4.5% sequentially, with mortgage loan income up 53.4%.

• Operating expenses increased 6.0% sequentially and 4.7% year-over-year, mainly from higher personnel, technology, and data processing costs.

• Book value per share rose to $58.40, and tangible book value per share to $58.17.

Outlook and guidance

• Management expects net interest income and margin to increase slightly in the second half of 2026, assuming a stable federal funds rate.

• Loan yields are projected to rise modestly as $157.4 million in fixed-rate loans mature and are redeployed at higher rates.

• Deposit costs may decrease slightly as $449.6 million in time deposits reprice.

• Expect higher loan growth in the second half of 2026 based on current pipeline activity.

• Continued focus on organic expansion and evaluating new market opportunities.