Red River Bancshares, Inc. Announces Increased Quarterly Cash Dividend From $0.07 To $0.08 Per Share

Red River Bancshares, Inc. (NASDAQ:RRBI) (the "Company") announced today that on February 23, 2023, its board of directors declared a cash dividend of $0.08 per share of common stock, representing a 1 cent, or 14%, increase from the quarterly cash dividend of $0.07 per share declared on November 17, 2022. The cash dividend is payable on March 23, 2023, to shareholders of record as of the close of business on March 13, 2023. Blake Chatelain, President and Chief Executive Officer of the Company, stated, "We are pleased to increase our dividend to eight cents this quarter. Our dividend increase reflects our confidence in the Company's earnings and favorable outlook."