{"id":796375,"date":"2024-12-19T16:33:50","date_gmt":"2024-12-19T21:33:50","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/red-river-bancshares-inc-announces-renewal-of-stock-repurchase-program-4\/"},"modified":"2024-12-19T16:33:50","modified_gmt":"2024-12-19T21:33:50","slug":"red-river-bancshares-inc-announces-renewal-of-stock-repurchase-program-4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/red-river-bancshares-inc-announces-renewal-of-stock-repurchase-program-4\/","title":{"rendered":"Red River Bancshares, Inc. Announces Renewal of Stock Repurchase Program"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">ALEXANDRIA, La., Dec.  19, 2024  (GLOBE NEWSWIRE) &#8212; Red River Bancshares, Inc. (Nasdaq: RRBI) (the \u201cCompany\u201d) announced today that its board of directors approved the renewal of its stock repurchase program, which will expire on December 31, 2024. The renewed repurchase program authorizes the Company to purchase up to $5.0 million of its outstanding shares of common stock from January 1, 2025 through December 31, 2025. Blake Chatelain, the Company\u2019s President and Chief Executive Officer, said, \u201cWe are pleased to renew our stock repurchase program for 2025, which shows our continued commitment to returning excess capital to our shareholders.\u201d Repurchases may be made from time to time in the open market at prevailing prices and based on market conditions, or in privately negotiated transactions.<\/p>\n<p>\n        <strong>About Red River Bancshares, Inc.<\/strong><br \/>\n        <br \/>The Company is the bank holding company for Red River Bank, a Louisiana state-chartered bank established in 1999 that provides a fully integrated suite of banking products and services tailored to the needs of our commercial and retail customers. Red River Bank operates from a network of 28 banking centers throughout Louisiana and one combined loan and deposit production office in New Orleans, Louisiana. Banking centers are located in the following Louisiana markets: Central, which includes the Alexandria metropolitan statistical area (\u201cMSA\u201d); Northwest, which includes the Shreveport-Bossier City MSA; Capital, which includes the Baton Rouge MSA; Southwest, which includes the Lake Charles MSA; the Northshore, which includes Covington; Acadiana, which includes the Lafayette MSA; and New Orleans.<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong><br \/>\n        <br \/>This press release may contain forward-looking statements that are based on various facts and derived using numerous assumptions that are subject to known and unknown risks, uncertainties, and other factors that may cause the Company\u2019s actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Forward-looking statements include information concerning the timing, manner, amount, and overall impact of future purchases under the repurchase program, as well as any other statement other than statements of historical fact. Words or phrases such as \u201cmay,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201cbelieve,\u201d \u201cwill likely result,\u201d \u201cexpect,\u201d \u201ccontinue,\u201d \u201cwill,\u201d \u201canticipate,\u201d \u201cseek,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cprojection,\u201d \u201cwould,\u201d and \u201coutlook,\u201d or the negative version of those words, or such other comparable words or phrases are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements are not historical facts, and are based on current expectations, estimates, and projections about the Company\u2019s industry, management\u2019s beliefs, and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond the Company\u2019s control. Accordingly, you are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, assumptions, and uncertainties that are difficult to predict. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable as of the date made, actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. Unless required by law, the Company also disclaims any obligation to update any forward-looking statements. Interested parties should not place undue reliance on any forward-looking statement and should carefully consider the risks and other factors that the Company faces. For a discussion of these risks and other factors, please see the sections titled \u201cCautionary Note Regarding Forward-Looking Statements\u201d and \u201cRisk Factors\u201d in the Company\u2019s most recent Annual Report on Form 10-K and any subsequent quarterly reports on Form 10-Q, and in other documents that we file with the Securities and Exchange Commission from time to time.<\/p>\n<p>\n        <strong>Contact:<\/strong><br \/>\n        <br \/>Julia Callis<br \/>Senior Vice President, General Counsel, and Corporate Secretary<br \/>318-561-4042<br \/>julia.callis@redriverbank.net<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyMTM2OCM2NjQyMTE3IzUwMDA4MDU0MQ==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NTc1YjkyZTYtMGQ2ZC00ZmJjLTgxMTAtYTM2ZWUzNTZmYmJjLTUwMDA4MDU0MQ==\/tiny\/Red-River-Bancshares-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>ALEXANDRIA, La., Dec. 19, 2024 (GLOBE NEWSWIRE) &#8212; Red River Bancshares, Inc. (Nasdaq: RRBI) (the \u201cCompany\u201d) announced today that its board of directors approved the renewal of its stock repurchase program, which will expire on December 31, 2024. The renewed repurchase program authorizes the Company to purchase up to $5.0 million of its outstanding shares of common stock from January 1, 2025 through December 31, 2025. Blake Chatelain, the Company\u2019s President and Chief Executive Officer, said, \u201cWe are pleased to renew our stock repurchase program for 2025, which shows our continued commitment to returning excess capital to our shareholders.\u201d Repurchases may be made from time to time in the open market at prevailing prices and based on market conditions, or &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/red-river-bancshares-inc-announces-renewal-of-stock-repurchase-program-4\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Red River Bancshares, Inc. Announces Renewal of Stock Repurchase Program&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-796375","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Red River Bancshares, Inc. Announces Renewal of Stock Repurchase Program - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/red-river-bancshares-inc-announces-renewal-of-stock-repurchase-program-4\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Red River Bancshares, Inc. Announces Renewal of Stock Repurchase Program - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ALEXANDRIA, La., Dec. 19, 2024 (GLOBE NEWSWIRE) &#8212; Red River Bancshares, Inc. (Nasdaq: RRBI) (the \u201cCompany\u201d) announced today that its board of directors approved the renewal of its stock repurchase program, which will expire on December 31, 2024. The renewed repurchase program authorizes the Company to purchase up to $5.0 million of its outstanding shares of common stock from January 1, 2025 through December 31, 2025. Blake Chatelain, the Company\u2019s President and Chief Executive Officer, said, \u201cWe are pleased to renew our stock repurchase program for 2025, which shows our continued commitment to returning excess capital to our shareholders.\u201d Repurchases may be made from time to time in the open market at prevailing prices and based on market conditions, or &hellip; Continue reading &quot;Red River Bancshares, Inc. 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