RRBI FY 2022 Earnings Report — Red River Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

Red River Bancshares, Inc.RRBI

FY 2022 Earnings

Reported March 15, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$112M	—	$101M	—	11.6%
Op. Income	$45M	—	$40M	—	12.3%
Gross Margin	91.6%	—	92.5%	—	-1.0pp
Net Margin	32.8%	—	32.7%	—	0.1pp
EPS (Diluted)	$5.13	—	$4.51	—	13.7%
Free Cash Flow	$37M	—	$59M	—	-36.4%

Revenue Flow

Item	Amount
REVENUE	$112M
Cost of Revenue	$9M
GROSS PROFIT	$103M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$35M
SG&A Expenses	$36M
Other Expenses	$22M
Operating Expenses	$58M
Cost & Expenses	$67M
OPERATING INCOME	$45M
Interest Income	$94M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$45M
Income Tax Expense	$8M
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$3M
EBIT	$45M
EBITDA	$48M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$112M
Cost of Revenue	$9M
GROSS PROFIT	$103M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$35M
SG&A Expenses	$36M
Other Expenses	$22M
Operating Expenses	$58M
Cost & Expenses	$67M
OPERATING INCOME	$45M
Interest Income	$94M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$45M
Income Tax Expense	$8M
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$3M
EBIT	$45M
EBITDA	$48M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$37M
Depreciation & Amortization	$3M
Stock-Based Compensation	$359.0K
Deferred Income Tax	$313.0K
Other Non-Cash Items	$5M
Change in Working Capital	$1M
OPERATING CASH FLOW	$46M
Capital Expenditure	-$8M
Acquisitions (Net)	$0
Purchases of Investments	-$324M
Sales/Maturities of Investments	$126M
Other Investing Activities	-$232M
NET CASH FROM INVESTING	-$439M
Net Debt Issuance	$0
Common Stock Repurchased	-$218.0K
Common Dividends Paid	-$2M
Other Financing Activities	-$111M
NET CASH FROM FINANCING	-$114M
FREE CASH FLOW	$37M
Net Change in Cash	-$506M

Balance Sheet

Item	Amount
Cash & Equivalents	$278M
Short-Term Investments	$614M
Net Receivables	$9M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$902M
PP&E (Net)	$59M
Goodwill	$0
Intangible Assets	$2M
Long-Term Investments	$2.1B
Tax Assets	$0
Other Non-Current Assets	$60M
TOTAL NON-CURRENT ASSETS	$2.2B
TOTAL ASSETS	$3.1B
Account Payables	$2M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$2.8B
TOTAL CURRENT LIABILITIES	$2.8B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$4M
TOTAL LIABILITIES	$2.8B
Common Stock	$60M
Additional Paid-In Capital	$2M
Retained Earnings	$275M
Treasury Stock	$0
Accum. Other Comp. Income	-$71M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$266M
Minority Interest	$0
TOTAL EQUITY	$266M
TOTAL LIABILITIES & EQUITY	$3.1B
Total Debt	$4M
Net Debt	-$274M