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Here are 1-3 brief analogies for Red River Bancshares (RRBI):

• A regional Bank of America for Louisiana.
• Like JPMorgan Chase, but focused on the Louisiana market.
• Think of it as a more localized PNC Bank or U.S. Bank, operating primarily within Louisiana.

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• Deposit Accounts: The bank offers various accounts like checking, savings, money market, and certificates of deposit for individuals and businesses to save and manage funds.
• Lending Services: They provide a range of loans including commercial, real estate, and consumer loans to individuals and businesses for diverse financing needs.
• Treasury Management: Specialized services are offered to businesses to manage cash flow efficiently, optimize payments, and mitigate financial risks.
• Digital Banking: Customers can access and manage their accounts, pay bills, and perform other transactions conveniently through online and mobile banking platforms.

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Red River Bancshares (RRBI) is a bank holding company that primarily sells its financial products and services directly to individuals and businesses, rather than to other companies for resale.

The company serves the following categories of customers:

• Individual/Retail Customers: This category includes consumers seeking personal banking services such as checking accounts, savings accounts, certificates of deposit, mortgages, home equity loans, auto loans, and other personal credit products.
• Small Business Customers: Red River Bancshares provides banking solutions for small and medium-sized enterprises (SMEs). Services typically include business checking and savings accounts, commercial real estate loans, lines of credit, equipment financing, and treasury management services.
• Commercial Customers: This segment encompasses larger businesses, corporations, and professional organizations that require a broader range of financial services, including commercial loans, specialized industry financing, treasury management solutions, and other corporate banking services.

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R. Blake Chatelain, President & CEO

Mr. Chatelain has served as President, Chief Executive Officer, and a director of Red River Bancshares and Red River Bank since joining the organization in 1998. Prior to Red River Bank, he was Executive Vice President of Rapides Bank & Trust Company in Alexandria, Louisiana, where he managed the commercial lending group from 1991 until its sale to Bank One Corporation in 1998. Before Rapides Bank & Trust Company, Mr. Chatelain was Vice President at Hibernia National Bank in Monroe, Louisiana, managing the commercial lending group. He holds a B.S. in Finance from Louisiana State University and is a licensed real estate broker.

Isabel V. Carriere, Executive Vice President, Chief Financial Officer & Assistant Corporate Secretary

Ms. Carriere has been with Red River Bancshares since 1999. Previously, she was the manager of the Financial Planning Department at Whitney National Bank in New Orleans, Louisiana. From 1991 to 1997, Ms. Carriere worked in the Financial Planning and Financial Reporting departments of First Commerce Corporation in New Orleans. Prior to that, she was with KPMG Peat Marwick in New Orleans, auditing depository organizations and their holding companies. Ms. Carriere is a Certified Public Accountant, a Chartered Global Management Accountant, and a graduate of the A.B. Freeman School of Business at Tulane University with a B.S. in Management (Cum Laude).

Tammi R. Salazar, Executive Vice President & Chief Operating Officer of Red River Bank

Ms. Salazar serves as the Executive Vice President and Chief Operating Officer of Red River Bank. She is the first cousin of R. Blake Chatelain, the President and CEO.

Harold W. Turner, Executive Vice President & Chief Corporate Development Officer of Red River Bank

Mr. Turner has been with the organization since 2006. Before joining Red River Bank, he served as Executive Vice President and Regional Chairman of Hibernia National Bank's Northern Region, which encompassed Northern Louisiana and Northern Texas. He spent a total of 33 years employed by Hibernia National Bank.

Bryon C. Salazar, Executive Vice President & Chief Banking Officer of Red River Bank

Mr. Salazar holds the title of Executive Vice President and Chief Banking Officer of Red River Bank. He is also referred to as Executive Vice President - Chief Lending Officer - Red River Bank.

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1. Interest Rate Risk: As a financial institution, Red River Bancshares is highly susceptible to changes in interest rates. Fluctuations can impact both the bank's net interest income and the value of its assets and liabilities. The company explicitly states that its exposure to interest rate risk is managed by its Asset-Liability Management Committee, which formulates strategies based on appropriate risk levels and monitors results.
2. Credit Risk and Loan Losses: The risk of loan defaults and credit quality deterioration is a fundamental concern for any bank. Red River Bancshares regularly reports on its allowance for credit losses and nonperforming assets (NPAs). Recent financial reports indicate increases in the provision for credit losses due to factors such as loan growth and broader economic uncertainties, including those related to tariffs and trade. An increase in NPAs can negatively affect profitability and capital.
3. Regulatory and Compliance Risk: Red River Bank operates in a heavily regulated environment. It is subject to extensive supervision, examination, and enforcement by regulatory bodies such as the Office of Financial Institutions (OFI) and the Federal Deposit Insurance Corporation (FDIC). The Federal Reserve also has broad authority to regulate bank holding companies, including the power to prohibit activities deemed unsafe or unsound and to assess civil money penalties. Changes in banking laws, regulations, or regulatory policies could significantly impact the company's operations and financial performance.

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The clear emerging threat for Red River Bancshares is the accelerating competition from digital-first financial institutions, including neobanks, challenger banks, and larger traditional banks with substantial investments in digital platforms. These competitors leverage advanced technology to offer more convenient, often lower-cost, and highly user-friendly banking experiences through mobile apps and online services. This digital-centric approach can attract customers, particularly younger demographics and businesses prioritizing efficiency and digital convenience, away from traditional community banking models that rely more heavily on physical branch networks and localized relationships. This trend is evidenced by the rapid growth in market share of digital-only banks and the widespread adoption of mobile and online banking services across the industry, directly challenging the traditional value proposition of community banks like RRBI.

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Red River Bancshares (RRBI) primarily operates in Louisiana, with a growing presence in Texas, offering a comprehensive suite of commercial and retail banking products and services. These include various deposit and loan products, treasury management, private banking, brokerage, investment advisory, and financial planning.

The addressable markets for Red River Bancshares' main products and services are sized as follows:

• Commercial Banking: The market size for the Commercial Banking industry in Louisiana is projected to be $10.2 billion in 2025.
• Retail Banking: The U.S. retail banking market size is forecast to increase by $92.1 billion at a Compound Annual Growth Rate (CAGR) of 4.2% between 2024 and 2029. The global retail banking market size was estimated at $2.34 trillion in 2025 and is expected to reach approximately $3.97 trillion by 2034. More specific market size data for retail banking solely within Louisiana is not readily available.
• Community Banking: The global community banking market is estimated at $17.7 billion in 2025, with North America accounting for approximately 60% of this market share. Red River Bancshares operates as a community bank. Specific market size data for community banking solely within Louisiana is not readily available.

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Red River Bancshares (RRBI) is expected to drive future revenue growth over the next two to three years through several key strategies:

1. Growth in Loan Portfolio: The company anticipates continued expansion of its loan portfolio, specifically loans held for investment, which directly contributes to an increase in interest income. Loans held for investment rose to $2.17 billion, reflecting a 1.6% increase, and loan growth has remained steady.
2. Optimized Net Interest Margin (NIM): Red River Bancshares focuses on improving its net interest margin by achieving higher yields on new and renewed loans, strategically investing in higher-yielding securities, and effectively managing deposit costs. For example, the average rate on new and renewed loans was 7.02% for the third quarter of 2025, and the net interest margin fully taxable equivalent (FTE) improved to 3.43% for the same period.
3. Geographic Market Expansion: The company is expanding its physical presence by opening new banking centers in strategic locations, such as the new banking center under construction in New Orleans, Louisiana, projected to open in the third quarter of 2024. This expansion aims to attract new customers and deposits in new markets.
4. Core Deposit Growth: Sustained growth in core deposits is crucial as it provides the necessary funding for loan expansion, thereby indirectly fueling revenue growth. The company reported core deposit growth and deposits totaling $2.76 billion, a 3.6% increase compared to the previous quarter.

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Share Repurchases

• Red River Bancshares repurchased 0.1 million shares for $5 million in 2023, completing a previous repurchase program. The company further authorized a $5 million repurchase plan for 2024, expiring December 31, 2024.
• In 2024, the company repurchased 327,085 shares of its common stock for $16.5 million. Additionally, in March 2024, RRBI entered a privately negotiated agreement to buy back 0.2 million shares for $10 million.
• The 2025 stock repurchase program authorized the company to purchase up to $5.0 million of outstanding common stock. Supplemental to this, Red River Bancshares entered into private stock repurchase agreements in May 2025 for $5.1 million (100,000 shares) and in August 2025 for $5.3 million (100,000 shares). As of September 30, 2025, approximately $4.3 million remained available under the 2025 program.

Capital Expenditures

• In 2023, Red River Bancshares made investments in a new Metairie, Louisiana location (expected to open mid-2024), expanded a Lake Charles location, and consolidated another branch. The company also invested in technology and automation focusing on fraud detection, operational efficiency, and customer convenience.
• In 2024, the company expanded its banking network by opening a new banking center in the New Orleans market and purchased property in Lafayette for future development.
• During the third quarter of 2025, a loan and deposit production office was opened in Lafayette, Louisiana, with nonrecurring expenses of $40,000 related to this and renovations to the main office building in Central Louisiana.