Red River Bancshares Posts Q3 Profit of $12.6 Million, Beats Analyst Estimates

Red River Bancshares Inc. (RRBI) reported third-quarter profit of $12.6 million, or $1.90 per share, on Friday, topping Wall Street expectations. The Alexandria, Louisiana-based bank exceeded the average estimate of $1.83 per share from three analysts surveyed by Zacks Investment Research. The holding company for Red River Bank posted revenue of $45.7 million, with revenue net of interest expense at $34.8 million, also beating the $34.3 million forecast.