RRBI FY 2021 Earnings Report — Red River Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

Red River Bancshares, Inc.RRBI

FY 2021 Earnings

Reported March 18, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$101M	—	$99M	—	1.3%
Op. Income	$40M	—	$34M	—	16.2%
Gross Margin	92.5%	—	85.3%	—	7.3pp
Net Margin	32.7%	—	28.3%	—	4.4pp
EPS (Diluted)	$4.51	—	$3.83	—	17.8%
Free Cash Flow	$59M	—	$6M	—	920.9%

Revenue Flow

Item	Amount
REVENUE	$101M
Cost of Revenue	$8M
GROSS PROFIT	$93M
R&D Expenses	$0
Selling & Marketing	$921.0K
General & Administrative	$32M
SG&A Expenses	$33M
Other Expenses	$20M
Operating Expenses	$53M
Cost & Expenses	$61M
OPERATING INCOME	$40M
Interest Income	$77M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$40M
Income Tax Expense	$7M
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$3M
EBIT	$40M
EBITDA	$43M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$101M
Cost of Revenue	$8M
GROSS PROFIT	$93M
R&D Expenses	$0
Selling & Marketing	$921.0K
General & Administrative	$32M
SG&A Expenses	$33M
Other Expenses	$20M
Operating Expenses	$53M
Cost & Expenses	$61M
OPERATING INCOME	$40M
Interest Income	$77M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$40M
Income Tax Expense	$7M
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$3M
EBIT	$40M
EBITDA	$43M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$33M
Depreciation & Amortization	$3M
Stock-Based Compensation	$319.0K
Deferred Income Tax	-$773.0K
Other Non-Cash Items	$3M
Change in Working Capital	$24M
OPERATING CASH FLOW	$62M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$394M
Sales/Maturities of Investments	$213M
Other Investing Activities	-$100M
NET CASH FROM INVESTING	-$285M
Net Debt Issuance	$0
Common Stock Repurchased	-$8M
Common Dividends Paid	-$2M
Other Financing Activities	$570M
NET CASH FROM FINANCING	$560M
FREE CASH FLOW	$59M
Net Change in Cash	$338M

Balance Sheet

Item	Amount
Cash & Equivalents	$785M
Short-Term Investments	$659M
Net Receivables	$6M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$52M
Goodwill	$0
Intangible Assets	$2M
Long-Term Investments	$1.7B
Tax Assets	$0
Other Non-Current Assets	$41M
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$3.2B
Account Payables	$1M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$2.9B
TOTAL CURRENT LIABILITIES	$2.9B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$4M
TOTAL LIABILITIES	$2.9B
Common Stock	$60M
Additional Paid-In Capital	$2M
Retained Earnings	$240M
Treasury Stock	$0
Accum. Other Comp. Income	-$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$298M
Minority Interest	$0
TOTAL EQUITY	$298M
TOTAL LIABILITIES & EQUITY	$3.2B
Total Debt	$4M
Net Debt	-$781M