RED River Bancshares (RRBI) Q3 FY2021 earnings: revenue $24 million, up 0.2% on the year
RED River Bancshares Inc. (RRBI) reported revenue of $24 million for Q3 FY2021, the quarter ended 30 September 2021, up 0.2% on the same quarter a year earlier as this quarter's filing gives it. Net income was $8 million, up 11.7% on the year as this quarter's filing gives it, and diluted earnings per share $1.12. The figures are the company's own, from the 10-Q it filed with the SEC on 12 November 2021.
Revenue$24 millionup 0.2% on the year
Net income$8 millionup 11.7% on the year
Diluted EPS$1.12
QuarterQ3 FY2021ended 30 September 2021
The quarter, against the one before and a year earlier
| Line | Q3 FY2021 | Quarter before | A year earlier | Change on the year |
|---|---|---|---|---|
| Revenue | 23.8 | n/a | n/a | n/a |
| Interest expense | 1.3 | n/a | n/a | n/a |
| Pre-tax income | 9.9 | n/a | n/a | n/a |
| Income tax | 1.8 | n/a | n/a | n/a |
| Effective tax rate | 17.9% | n/a | n/a | |
| Net income | 8.1 | n/a | n/a | n/a |
| Net margin | 34.3% | n/a | n/a | |
| Diluted EPS | $1.12 | n/a | n/a | n/a |
$ million except per share.
Read more
Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.Cash flow and capital returned
| Line | Q3 FY2021 | Quarter before | A year earlier | Change on the year |
|---|---|---|---|---|
| Operating cash flow | 14.7 | n/a | n/a | n/a |
| Capital expenditure | 0.5 | n/a | n/a | n/a |
| Free cash flow | 14.2 | n/a | n/a | n/a |
| Cash from investing | -85.3 | n/a | n/a | n/a |
| Cash from financing | 134 | n/a | n/a | n/a |
| Depreciation | 0.5 | n/a | n/a | n/a |
| Share-based compensation | 0.1 | n/a | n/a | n/a |
| Buybacks | 0.8 | n/a | n/a | n/a |
| Dividends paid | 0.5 | n/a | n/a | n/a |
| Dividend per share | $0.07 | n/a | n/a | n/a |
| Diluted shares, weighted | 7m | n/a | n/a | n/a |
| Shares outstanding at period end | 7m | n/a | n/a | n/a |
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet at quarter end
| Line | Q3 FY2021 | Quarter before | A year earlier | Change on the year |
|---|---|---|---|---|
| Shareholders' equity | 299 | n/a | n/a | n/a |
| Deposits | 2,705 | n/a | n/a | n/a |
| Other liabilities | 17.5 | n/a | n/a | n/a |
| Total liabilities and equity | 3,021 | n/a | n/a | n/a |
| Fixed assets | 47.4 | n/a | n/a | n/a |
| Securities held for sale or to maturity | 568 | n/a | n/a | n/a |
| Cash and equivalents | 731 | n/a | n/a | n/a |
| Other assets | 1,675 | n/a | n/a | n/a |
| Total assets | 3,021 | n/a | n/a | n/a |
Questions
What was RED River Bancshares' revenue in Q3 FY2021?
RED River Bancshares (RRBI) reported revenue of $24 million for Q3 FY2021, the quarter ended 30 September 2021, up 0.2% on the same quarter a year earlier as the company restated it.
How much did RED River Bancshares earn in Q3 FY2021?
Net income for Q3 FY2021 was $8 million, up 11.7% on the year, and diluted earnings per share $1.12.
When did RED River Bancshares report Q3 FY2021 results?
RED River Bancshares filed its 10-Q for the quarter ended 30 September 2021 with the SEC on 12 November 2021.
Quarterly results, the last 20 quarters
| Q3 FY2021 | Q4 FY2021 | Q1 FY2022 | Q2 FY2022 | Q3 FY2022 | Q4 FY2022 | Q1 FY2023 | Q2 FY2023 | Q3 FY2023 | Q4 FY2023 | Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 23.8 | 24.4 | 23.1 | 26.0 | 28.0 | 28.3 | 27.2 | 27.5 | 26.3 | 26.5 | 26.3 | 26.9 | 27.9 | 28.7 | 29.9 | 30.5 | 31.9 | 33.2 | 32.9 | 33.7 |
| Interest expense | 1.3 | 1.3 | 1.3 | 1.3 | 1.8 | 3.3 | 4.8 | 7.0 | 9.6 | 10.7 | 11.7 | 11.9 | n/a | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
| Pre-tax income | 9.9 | 10.3 | 8.9 | 11.3 | 12.3 | 12.5 | 11.8 | 11.1 | 9.9 | 10.2 | 10.1 | 9.9 | 10.8 | 11.5 | 12.8 | 12.7 | 13.4 | 14.2 | 14.9 | 14.7 |
| Tax rate | 18% | 17% | 17% | 19% | 17% | 18% | 18% | 19% | 19% | 19% | 19% | 19% | 19% | 19% | 19% | 20% | 19% | 20% | 20% | 20% |
| Net income | 8.1 | 8.5 | 7.4 | 9.1 | 10.2 | 10.2 | 9.6 | 9.0 | 8.0 | 8.3 | 8.2 | 8.0 | 8.8 | 9.3 | 10.4 | 10.2 | 10.8 | 11.4 | 12.0 | 11.8 |
| Net margin | 34% | 35% | 32% | 35% | 36% | 36% | 35% | 33% | 30% | 31% | 31% | 30% | 31% | 32% | 35% | 33% | 34% | 34% | 36% | 35% |
| Diluted EPS | $1.12 | $1.17 | $1.03 | $1.27 | $1.42 | $1.42 | $1.33 | $1.25 | $1.12 | $1.16 | $1.16 | $1.16 | $1.27 | $1.37 | $1.52 | $1.51 | $1.63 | $1.73 | $1.81 | $1.78 |
| Operating cash flow | 14.7 | 12.2 | 8.8 | 9.4 | 17.1 | 10.5 | 13.3 | 4.6 | 14.1 | 8.1 | 14.4 | 2.4 | 17.4 | 4.1 | 13.9 | 3.8 | 16.5 | 10.6 | 16.9 | 12.3 |
| Capital expenditure | 0.5 | 1.5 | 3.1 | 2.1 | 1.2 | 2.1 | 1.2 | 1.0 | 1.5 | 1.2 | 1.1 | 1.0 | 0.4 | 2.5 | 0.3 | 0.3 | 0.7 | 1.4 | 1.9 | 1.2 |
| Free cash flow | 14.2 | 10.7 | 5.8 | 7.3 | 16.0 | 8.4 | 12.1 | 3.6 | 12.6 | 6.9 | 13.4 | 1.4 | 17.0 | 1.6 | 13.7 | 3.5 | 15.8 | 9.2 | 15.0 | 11.1 |
| Buybacks | 0.8 | 4.9 | 0.2 | 0.0 | 0.0 | 0.0 | 0.3 | 0.6 | 1.2 | 2.9 | 10.0 | 0.8 | 3.0 | 2.5 | 0.0 | 5.8 | 5.3 | 0.0 | n/a | n/a |
| Dividends paid | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.8 | 0.8 | 1.0 | 1.0 | 1.6 | 1.6 |
| Shares outstanding | 7m | 7m | 7m | 7m | 7m | 7m | 7m | 7m | 7m | 7m | 7m | 7m | 7m | 7m | 7m | 7m | 7m | 7m | 7m | 7m |
| Filing | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q | 10-Q | 10-K | 10-Q | 10-Q |
Each quarter as filed, linked to its filing.
Read more
Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.10-Q for the period ended 30 September 2021, filed 12 November 2021: the filing.