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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 29M | 3.9% |
| Gross Profit | 12M | 9.2% |
| Cost of Revenue | 17M | 0.4% |
| Operating expense | 2.2M | 1.9% |
| Net Income | 8.8M | 9.6% |
| EBITDA | 11M | 2412.8% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 3.1B | 1.7% |
| Total Liabilities | 2.78B | 1.3% |
| Total Equity | 324M | 5.6% |
| Shares Outstanding | 6.8M | 0.9% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 17M | 620.4% |
| Cash from investing | -25M | 314.8% |
| Cash from financing | 27M | 187.7% |
EPS
Financial Highlights for Red River Bank in Q3 '24
Red River Bank reported a revenue of 29M, which is a 3.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 12M, marking a 9.2% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 17M, a 0.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 2.2M, showing a -1.9% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 8.8M, showing a 9.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 11M, showing a 2412.8% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Red River Bank with growth in revenue, gross profit, and net income.
