Red River Bancshares Announces Company Enters Into a Stock Repurchase Agreement Of 100K Shares Of Its Common Stock In A Privately-Negotiated Transaction For A Purchase Price Of $5.1M

Red River Bancshares, Inc. (NASDAQ:RRBI) (the "Company") announced today that, on May 22, 2025, the Company entered into a stock repurchase agreement with a shareholder for the repurchase by the Company of 100,000 shares of its common stock in a privately-negotiated transaction for a purchase price of $5.1 million. The purchase price reflects a discount to the 10-, 20-, and 30-day volume weighted average price on May 20, 2025. Blake Chatelain, the Company's President and Chief Executive Officer, said, "We are pleased to complete this repurchase, which shows our continued commitment to increasing shareholder value."

The repurchase is supplemental to the Company's previously announced $5.0 million repurchase program in effect through December 31, 2025 (the "Repurchase Program"), and does not impact the amount of permitted repurchases thereunder. As of May 22, 2025, the Company had approximately $4.7 million of remaining capacity under the Repurchase Program.