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Red River Bancshares, Inc. (NASDAQ:RRBI) (the "Company") announced today that, on August 7, 2025, the Company entered into a stock repurchase agreement with two shareholders for the repurchase by the Company of 100,000 shares of its common stock in a privately-negotiated transaction for a purchase price of $5.3 million. The purchase price reflects a discount to the 10-, 20-, and 30-day volume weighted average price on August 1, 2025. Blake Chatelain, the Company's President and Chief Executive Officer, said, "We are excited to complete this repurchase, which shows our continued commitment to delivering 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 August 7, 2025, the Company had approximately $4.3 million of remaining capacity under the Repurchase Program.
Posted In: RRBI
