Red River Bancshares, Inc. has approved the renewal and increase of its stock repurchase program.
The program will expire on December 31, 2025, and authorizes the purchase of up to $10.0 million of outstanding shares.
This initiative aims to maximize shareholder value through strategic capital management.
Renewed Program
Board of directors approved renewal and increase of stock repurchase program.
Authorization Amount
Up to $10.0 million authorized for share repurchases in 2026.
Market Purchase
Repurchases may be made in the open market based on prevailing prices.
- The renewal signals the company's confidence in its financial position and commitment to enhancing shareholder value.
- Stock repurchases could provide support for the share price and indicate management's belief in the company's future prospects.
Red River Bancshares, Inc.'s decision to renew and increase its stock repurchase program reflects a proactive approach to capital management and shareholder value enhancement.