RRBI FY 2019 Earnings Report — Red River Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

Red River Bancshares, Inc.RRBI

FY 2019 Earnings

Reported March 26, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$89M	—	$81M	—	9.9%
Op. Income	$30M	—	$28M	—	7.4%
Gross Margin	86.6%	—	88.0%	—	-1.5pp
Net Margin	28.0%	—	28.6%	—	-0.6pp
EPS (Diluted)	$3.49	—	$3.20	—	9.1%
Free Cash Flow	$23M	—	$21M	—	10.1%

Revenue Flow

Item	Amount
REVENUE	$89M
Cost of Revenue	$12M
GROSS PROFIT	$77M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$28M
SG&A Expenses	$29M
Other Expenses	$17M
Operating Expenses	$46M
Cost & Expenses	$58M
OPERATING INCOME	$30M
Interest Income	$74M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$30M
Income Tax Expense	$6M
Net Income from Continuing Ops	$25M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$25M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$25M
D&A	$2M
EBIT	$30M
EBITDA	$33M
EPS	$4
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$89M
Cost of Revenue	$12M
GROSS PROFIT	$77M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$28M
SG&A Expenses	$29M
Other Expenses	$17M
Operating Expenses	$46M
Cost & Expenses	$58M
OPERATING INCOME	$30M
Interest Income	$74M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$30M
Income Tax Expense	$6M
Net Income from Continuing Ops	$25M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$25M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$25M
D&A	$2M
EBIT	$30M
EBITDA	$33M
EPS	$4
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$25M
Depreciation & Amortization	$2M
Stock-Based Compensation	$314.0K
Deferred Income Tax	-$556.0K
Other Non-Cash Items	$2M
Change in Working Capital	-$3M
OPERATING CASH FLOW	$26M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$146M
Sales/Maturities of Investments	$126M
Other Investing Activities	-$111M
NET CASH FROM INVESTING	-$135M
Net Debt Issuance	-$11M
Common Stock Repurchased	$0
Common Dividends Paid	-$1M
Other Financing Activities	$76M
NET CASH FROM FINANCING	$90M
FREE CASH FLOW	$23M
Net Change in Cash	-$19M

Balance Sheet

Item	Amount
Cash & Equivalents	$133M
Short-Term Investments	$336M
Net Receivables	$5M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$474M
PP&E (Net)	$46M
Goodwill	$0
Intangible Assets	$2M
Long-Term Investments	$1.4B
Tax Assets	$0
Other Non-Current Assets	$31M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$2.0B
Account Payables	$2M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.7B
TOTAL CURRENT LIABILITIES	$1.7B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$5M
TOTAL LIABILITIES	$1.7B
Common Stock	$68M
Additional Paid-In Capital	$1M
Retained Earnings	$183M
Treasury Stock	$0
Accum. Other Comp. Income	-$24.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$252M
Minority Interest	$0
TOTAL EQUITY	$252M
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$5M
Net Debt	-$129M