Red River Bancshares Inc reports results for the quarter ended September 30 - Earnings Summary

Red River Bancshares Inc reported adjusted earnings of $1.63 per share for the quarter ended September 30, surpassing last year's $1.27 and analysts' expectations of $1.53. Revenue increased by 19.7% to $26.89 million, though below the expected $28.88 million. The company’s net income was $10.8 million. Shares rose 2.4% this quarter and 23.0% year-to-date. Analysts maintain a "strong buy" rating, with a median 12-month price target of $69.25, 4.1% above the last closing price of $66.40.