AI Analysis

Log in to generate an AI summary for this stock.

Log in to generate a MOAT report for this stock.

Log in to generate an earnings report for this stock.

Log in to generate an operating leverage report for this stock.

Log in to generate a management report for this stock.

Log in to generate a valuation report for this stock.

Red River Bancshares, Inc.

$103.36 +$33.44 (+47.83%)
NASDAQ · 14 Sep 2026 14:54 UTC
Previous Close
$103.48
Day Range
$103$104.62
Year Range
$61.6$104.87
Market Cap
680.59M
AVG Volume
81.65K
Trailing/Forward PE
14.79/13.44
PEG ratio
2.74
Dividend Yield
0.87%
Next Earnings Date
2026-10-29
Primary Exchange
NASDAQUS
Revenue (USD)
020M40M60M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
RRBI Revenue (USD) by quarter
PeriodRevenue (USD)
26 Q244.06M
26 Q143.7M
25 Q444.16M
25 Q342.82M
25 Q241.05M
25 Q141.02M
24 Q440.29M
24 Q340.03M
24 Q238.47M
24 Q137.95M
Net Income (USD)
05M10M15M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
RRBI Net Income (USD) by quarter
PeriodNet Income (USD)
26 Q211.76M
26 Q111.97M
25 Q411.41M
25 Q310.8M
25 Q210.2M
25 Q110.35M
24 Q49.31M
24 Q38.75M
24 Q27.99M
24 Q18.19M
Operating Income (USD)
05M10M15M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
RRBI Operating Income (USD) by quarter
PeriodOperating Income (USD)
26 Q214.67M
26 Q114.94M
25 Q414.19M
25 Q313.37M
25 Q212.72M
25 Q112.84M
24 Q411.54M
24 Q310.82M
24 Q29.9M
24 Q110.12M
EBITDA (USD)
05M10M15M20M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
RRBI EBITDA (USD) by quarter
PeriodEBITDA (USD)
26 Q215.59M
26 Q115.85M
25 Q415.09M
25 Q314.29M
25 Q213.6M
25 Q113.7M
24 Q412.43M
24 Q311.67M
24 Q210.64M
24 Q110.85M
Cash Flows (USD)
05M10M15M20M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
RRBI Cash Flows (USD) by quarter
PeriodCash Flows (USD)
26 Q211.08M
26 Q114.97M
25 Q49.2M
25 Q315.83M
25 Q23.53M
25 Q113.66M
24 Q41.61M
24 Q316.99M
24 Q21.44M
24 Q113.37M
EPS (USD)
00.511.5224 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
RRBI EPS (USD) by quarter
PeriodEPS (USD)
26 Q21.78
26 Q11.81
25 Q41.73
25 Q31.63
25 Q21.51
25 Q11.52
24 Q41.37
24 Q31.27
24 Q21.16
24 Q11.16
Expenses (USD)
05M10M15MSG&ACapex24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
RRBI Expenses (USD) by quarter
PeriodExpenses (USD)
26 Q214.32M
26 Q114.35M
25 Q414.09M
25 Q311.47M
25 Q210.77M
25 Q110.61M
24 Q412.54M
24 Q310.41M
24 Q210.98M
24 Q110.94M
Cash & Debt (USD)
0250M500M750M1BCashLong Term Debt24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
RRBI Cash & Debt (USD) by quarter
PeriodCash & Debt (USD)
26 Q2933.97M
26 Q1214.62M
25 Q4217.83M
25 Q3165.32M
25 Q2609.43M
25 Q1263.14M
24 Q4286.82M
24 Q3793.2M
24 Q2739.96M
24 Q1775.77M
Debt ratios
-20-15-10-5024 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
RRBI Debt ratios by quarter
PeriodDebt ratios
26 Q2-15.33
26 Q1-3.62
25 Q4-3.82
25 Q3-3.03
25 Q2-11.81
25 Q1-5.38
24 Q4-6.23
24 Q3-17.92
24 Q2-17.14
24 Q1-17.53
Margins
0%20%40%60%80%24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
RRBI Margins by quarter
PeriodMargins
26 Q274.79%
26 Q173.7%
25 Q473.48%
25 Q372.18%
25 Q272.32%
25 Q171.6%
24 Q469.61%
24 Q368.16%
24 Q268.3%
24 Q168.61%
Return on Capital
0%1%2%3%4%24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
RRBI Return on Capital by quarter
PeriodReturn on Capital
26 Q23.06%
26 Q13.21%
25 Q43.13%
25 Q33.07%
25 Q23.04%
25 Q13.11%
24 Q42.91%
24 Q32.7%
24 Q22.6%
24 Q12.74%
Shares Outstanding
02M4M6M8M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
RRBI Shares Outstanding by quarter
PeriodShares Outstanding
26 Q26.58M
26 Q16.58M
25 Q46.58M
25 Q36.62M
25 Q26.74M
25 Q16.78M
24 Q46.8M
24 Q36.85M
24 Q26.9M
24 Q17.05M
Dividends (USD)
00.10.20.3Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
RRBI Dividends (USD) by quarter
PeriodDividends (USD)
Sep 260.25
Jun 260.25
Mar 260.25
Dec 250.15
Sep 250.15
Jun 250.12
Mar 250.12
Dec 240.09
Sep 240.09
Jun 240.09
Employee Count
01002003004002019202020212022202320242025
RRBI Employee Count by quarter
PeriodEmployee Count
2025367
2024358
2023353
2022340
2021342
2020336
2019325
Book Value Per Share (USD)
020406024 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
RRBI Book Value Per Share (USD) by quarter
PeriodBook Value Per Share (USD)
26 Q258.43
26 Q156.76
25 Q455.52
25 Q353.09
25 Q249.75
25 Q149.18
24 Q447.04
24 Q347.34
24 Q244.52
24 Q142.46
Total Assets (USD)
01B2B3B4B24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
RRBI Total Assets (USD) by quarter
PeriodTotal Assets (USD)
26 Q23.31B
26 Q13.35B
25 Q43.35B
25 Q33.21B
25 Q23.17B
25 Q13.19B
24 Q43.15B
24 Q33.1B
24 Q23.05B
24 Q13.07B
PE Ratio
810121416med 11.74Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
RRBI PE Ratio by quarter
PeriodPE Ratio
Sep 2614.82
Sep 2614.8
Aug 2614.43
Aug 2614.55
Aug 2614.71
Aug 2614.34
Jul 2614.9
Jul 2614.74
Jul 2614.48
Jul 2614.19
Jul 2614.05
Jun 2613.6
Jun 2613.16
Jun 2613.74
Jun 2613.52
May 2613.47
May 2613.44
May 2613.19
May 2613.51
May 2614.05
Apr 2614.43
Apr 2614.85
Apr 2614.41
Apr 2614.08
Mar 2613.83
Mar 2613.41
Mar 2613.39
Mar 2614.13
Feb 2614.44
Feb 2614.56
Feb 2614.47
Feb 2614.82
Jan 2613.52
Jan 2612.58
Jan 2612.21
Jan 2611.76
Jan 2611.38
Dec 2511.95
Dec 2512.26
Dec 2512.08
Dec 2511.48
Nov 2511.4
Nov 2511.05
Nov 2510.98
Nov 2510.79
Oct 2511.53
Oct 2511.87
Oct 2511.14
Oct 2510.78
Oct 2511.3
Sep 2511.53
Sep 2511.54
Sep 2511.31
Sep 2511.26
Aug 2511.42
Aug 2511.57
Aug 2510.95
Aug 2510.78
Aug 2511.03
Jul 2511.36
Jul 2511.72
Jul 2511.91
Jul 2511.93
Jun 2510.89
Jun 2510.52
Jun 2510.47
Jun 2510.43
May 2510.44
May 2510.31
May 2510.26
May 2510.26
May 2510.76
Apr 259.97
Apr 259.91
Apr 259.58
Apr 259.73
Mar 2510.17
Mar 2510.11
Mar 2510.67
Mar 2511.13
Feb 2511.64
Feb 2511.39
Feb 2511.79
Feb 2512.16
Jan 2511.51
Jan 2511.17
Jan 2510.88
Jan 2510.2
Jan 2510.88
Dec 2411.24
Dec 2411.44
Dec 2412.14
Dec 2412.38
Nov 2412.38
Nov 2412.25
Nov 2412.02
Nov 2411.75
Nov 2411.22
Oct 2410.86
Oct 2411.1
Free Cash Flow Yield
4%6%8%10%12%med 8.02%Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
RRBI Free Cash Flow Yield by quarter
PeriodFree Cash Flow Yield
Sep 267.5%
Sep 267.51%
Aug 267.7%
Aug 267.64%
Aug 267.56%
Aug 267.75%
Jul 266.58%
Jul 266.65%
Jul 266.77%
Jul 266.91%
Jul 266.98%
Jun 267.21%
Jun 267.45%
Jun 267.14%
Jun 267.25%
May 267.28%
May 267.3%
May 267.44%
May 267.26%
May 267.03%
Apr 266.84%
Apr 266.65%
Apr 266.85%
Apr 267.01%
Mar 267.14%
Mar 267.36%
Mar 267.37%
Mar 266.03%
Feb 265.9%
Feb 265.85%
Feb 265.89%
Feb 265.75%
Jan 266.3%
Jan 266.77%
Jan 266.97%
Jan 267.24%
Jan 267.48%
Dec 257.13%
Dec 256.95%
Dec 257.05%
Dec 257.42%
Nov 257.47%
Nov 257.71%
Nov 257.76%
Nov 257.89%
Oct 258.04%
Oct 257.81%
Oct 258.32%
Oct 258.6%
Oct 258.21%
Sep 258.04%
Sep 258.03%
Sep 258.2%
Sep 258.23%
Aug 258.12%
Aug 258.01%
Aug 258.47%
Aug 258.6%
Aug 258.39%
Jul 258.15%
Jul 257.9%
Jul 257.77%
Jul 257.76%
Jun 258.5%
Jun 258.8%
Jun 258.84%
Jun 258.88%
May 258.86%
May 258.98%
May 259.02%
May 259.02%
May 259.07%
Apr 259.79%
Apr 259.85%
Apr 2510.19%
Apr 2510.03%
Mar 259.59%
Mar 259.65%
Mar 259.14%
Mar 2510.46%
Feb 2510%
Feb 2510.23%
Feb 259.87%
Feb 259.58%
Jan 2510.12%
Jan 2510.43%
Jan 2510.71%
Jan 2511.42%
Jan 2510.7%
Dec 2410.36%
Dec 2410.18%
Dec 249.59%
Dec 249.41%
Nov 249.4%
Nov 249.51%
Nov 249.69%
Nov 249.91%
Nov 249.42%
Oct 249.73%
Oct 249.52%
Price to Sales
22.533.54med 2.71Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
RRBI Price to Sales by quarter
PeriodPrice to Sales
Sep 263.9
Sep 263.89
Aug 263.8
Aug 263.82
Aug 263.87
Aug 263.77
Jul 263.85
Jul 263.81
Jul 263.74
Jul 263.67
Jul 263.63
Jun 263.51
Jun 263.4
Jun 263.55
Jun 263.49
May 263.48
May 263.47
May 263.41
May 263.49
May 263.55
Apr 263.65
Apr 263.76
Apr 263.65
Apr 263.56
Mar 263.5
Mar 263.39
Mar 263.39
Mar 263.48
Feb 263.55
Feb 263.58
Feb 263.56
Feb 263.65
Jan 263.33
Jan 263.1
Jan 263.01
Jan 262.89
Jan 262.8
Dec 252.94
Dec 253.02
Dec 252.97
Dec 252.83
Nov 252.81
Nov 252.72
Nov 252.7
Nov 252.66
Oct 252.74
Oct 252.82
Oct 252.65
Oct 252.56
Oct 252.69
Sep 252.74
Sep 252.74
Sep 252.69
Sep 252.68
Aug 252.71
Aug 252.75
Aug 252.6
Aug 252.56
Aug 252.51
Jul 252.59
Jul 252.67
Jul 252.71
Jul 252.72
Jun 252.48
Jun 252.4
Jun 252.39
Jun 252.37
May 252.38
May 252.35
May 252.34
May 252.34
May 252.35
Apr 252.18
Apr 252.16
Apr 252.09
Apr 252.13
Mar 252.22
Mar 252.21
Mar 252.33
Mar 252.41
Feb 252.52
Feb 252.47
Feb 252.55
Feb 252.63
Jan 252.49
Jan 252.42
Jan 252.36
Jan 252.21
Jan 252.36
Dec 242.43
Dec 242.48
Dec 242.63
Dec 242.68
Nov 242.68
Nov 242.65
Nov 242.6
Nov 242.55
Nov 242.45
Oct 242.37
Oct 242.42
EV/EBITDA
-15-10-50510med 2.36Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
RRBI EV/EBITDA by quarter
PeriodEV/EBITDA
Sep 26-4.14
Sep 26-4.15
Aug 26-4.43
Aug 26-4.34
Aug 26-4.22
Aug 26-4.5
Jul 267.62
Jul 267.5
Jul 267.3
Jul 267.08
Jul 266.97
Jun 266.63
Jun 266.3
Jun 266.74
Jun 266.58
May 266.54
May 266.52
May 266.33
May 266.57
May 266.78
Apr 267.07
Apr 267.39
Apr 267.06
Apr 266.81
Mar 266.62
Mar 266.3
Mar 266.29
Mar 267.61
Feb 267.83
Feb 267.92
Feb 267.86
Feb 268.12
Jan 267.14
Jan 266.44
Jan 266.16
Jan 265.82
Jan 265.53
Dec 255.96
Dec 256.19
Dec 256.06
Dec 255.61
Nov 255.55
Nov 255.29
Nov 255.23
Nov 255.09
Oct 25-3.14
Oct 25-2.89
Oct 25-3.44
Oct 25-3.71
Oct 25-3.32
Sep 25-3.15
Sep 25-3.14
Sep 25-3.31
Sep 25-3.35
Aug 25-3.23
Aug 25-3.12
Aug 25-3.58
Aug 25-3.71
Aug 252.91
Jul 253.16
Jul 253.43
Jul 253.58
Jul 253.59
Jun 252.81
Jun 252.53
Jun 252.49
Jun 252.46
May 252.47
May 252.37
May 252.33
May 252.34
May 251.85
Apr 251.25
Apr 251.21
Apr 250.96
Apr 251.08
Mar 251.41
Mar 251.37
Mar 251.79
Mar 25-9.53
Feb 25-9.15
Feb 25-9.34
Feb 25-9.04
Feb 25-8.76
Jan 25-9.25
Jan 25-9.51
Jan 25-9.73
Jan 25-10.24
Jan 25-9.73
Dec 24-9.46
Dec 24-9.3
Dec 24-8.77
Dec 24-8.59
Nov 24-8.59
Nov 24-8.69
Nov 24-8.87
Nov 24-9.07
Nov 24-8.66
Oct 24-8.93
Oct 24-8.75
Price/Operating Cashflow
810121416med 11.37Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
RRBI Price/Operating Cashflow by quarter
PeriodPrice/Operating Cashflow
Sep 2612.1
Sep 2612.09
Aug 2611.78
Aug 2611.88
Aug 2612.01
Aug 2611.71
Jul 2613.84
Jul 2613.69
Jul 2613.45
Jul 2613.18
Jul 2613.04
Jun 2612.62
Jun 2612.22
Jun 2612.76
Jun 2612.55
May 2612.51
May 2612.48
May 2612.25
May 2612.55
May 2613.41
Apr 2613.77
Apr 2614.17
Apr 2613.76
Apr 2613.44
Mar 2613.2
Mar 2612.8
Mar 2612.78
Mar 2615.01
Feb 2615.34
Feb 2615.46
Feb 2615.37
Feb 2615.74
Jan 2614.36
Jan 2613.36
Jan 2612.97
Jan 2612.49
Jan 2612.09
Dec 2512.69
Dec 2513.02
Dec 2512.83
Dec 2512.2
Nov 2512.11
Nov 2511.74
Nov 2511.66
Nov 2511.46
Oct 2511.37
Oct 2511.71
Oct 2510.99
Oct 2510.63
Oct 2511.14
Sep 2511.36
Sep 2511.38
Sep 2511.15
Sep 2511.1
Aug 2511.26
Aug 2511.41
Aug 2510.79
Aug 2510.63
Aug 2510.63
Jul 2510.94
Jul 2511.3
Jul 2511.48
Jul 2511.5
Jun 2510.49
Jun 2510.14
Jun 2510.09
Jun 2510.05
May 2510.06
May 259.94
May 259.88
May 259.89
May 259.62
Apr 258.91
Apr 258.86
Apr 258.57
Apr 258.7
Mar 259.09
Mar 259.04
Mar 259.54
Mar 258.74
Feb 259.14
Feb 258.94
Feb 259.26
Feb 259.55
Jan 259.04
Jan 258.77
Jan 258.54
Jan 258.01
Jan 258.54
Dec 248.82
Dec 248.98
Dec 249.53
Dec 249.72
Nov 249.72
Nov 249.62
Nov 249.44
Nov 249.23
Nov 249.34
Oct 249.04
Oct 249.24
Price to Book
11.21.41.61.8med 1.3Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
RRBI Price to Book by quarter
PeriodPrice to Book
Sep 261.77
Sep 261.77
Aug 261.72
Aug 261.74
Aug 261.76
Aug 261.71
Jul 261.77
Jul 261.75
Jul 261.72
Jul 261.69
Jul 261.67
Jun 261.62
Jun 261.56
Jun 261.63
Jun 261.61
May 261.6
May 261.6
May 261.57
May 261.61
May 261.65
Apr 261.69
Apr 261.74
Apr 261.69
Apr 261.65
Mar 261.62
Mar 261.57
Mar 261.57
Mar 261.64
Feb 261.67
Feb 261.68
Feb 261.67
Feb 261.71
Jan 261.56
Jan 261.46
Jan 261.41
Jan 261.36
Jan 261.32
Dec 251.38
Dec 251.42
Dec 251.4
Dec 251.33
Nov 251.32
Nov 251.28
Nov 251.27
Nov 251.25
Oct 251.33
Oct 251.37
Oct 251.28
Oct 251.24
Oct 251.3
Sep 251.33
Sep 251.33
Sep 251.3
Sep 251.3
Aug 251.31
Aug 251.33
Aug 251.26
Aug 251.24
Aug 251.2
Jul 251.24
Jul 251.28
Jul 251.3
Jul 251.3
Jun 251.19
Jun 251.15
Jun 251.14
Jun 251.14
May 251.14
May 251.13
May 251.12
May 251.12
May 251.15
Apr 251.07
Apr 251.06
Apr 251.03
Apr 251.04
Mar 251.09
Mar 251.08
Mar 251.14
Mar 251.14
Feb 251.19
Feb 251.17
Feb 251.21
Feb 251.25
Jan 251.18
Jan 251.14
Jan 251.11
Jan 251.04
Jan 251.11
Dec 241.15
Dec 241.17
Dec 241.24
Dec 241.27
Nov 241.27
Nov 241.25
Nov 241.23
Nov 241.2
Nov 241.19
Oct 241.15
Oct 241.17
Red River Bancshares, Inc.
RRBI
Stockpicker

Video analysis: RRBI

All videos

No video analysis for this stock yet. Request one from our team.

Your email is used only to follow up on this request. We do not add you to marketing lists. Privacy Policy

News: RRBI

Canada Pension Plan Investment Board Invests $557,000 in Red River Bancshares, Inc. $RRBI

defenseworld.net · 3 Sep 2026

Canada Pension Plan Investment Board Invests $557,000 in Red River Bancshares, Inc. $RRBI

Canada Pension Plan Investment Board purchased a new stake in Red River Bancshares, Inc. (NASDAQ: RRBI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,100 shares of the company's stock, valued at approximately $557,000. Canada Pension Plan Investment Board owned approximately

384,012 Shares in Red River Bancshares, Inc. $RRBI Acquired by BlackRock Inc.

defenseworld.net · 2 Sep 2026

384,012 Shares in Red River Bancshares, Inc. $RRBI Acquired by BlackRock Inc.

BlackRock Inc. bought a new stake in shares of Red River Bancshares, Inc. (NASDAQ: RRBI) during the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 384,012 shares of the company's stock, valued at approximately $35,053,000. BlackRock Inc. owned approximately 5.84% of

Red River Bancshares, Inc. Announces Quarterly Cash Dividend

globenewswire.com · 27 Aug 2026

Red River Bancshares, Inc. Announces Quarterly Cash Dividend

ALEXANDRIA, La., Aug. 27, 2026 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (Nasdaq: RRBI) (the “Company”) announced today that on August 27, 2026, its board of directors declared a quarterly cash dividend in an amount equal to $0.25 per share of common stock.

Red River Bancshares (RRBI) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

zacks.com · 30 Jul 2026

Red River Bancshares (RRBI) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

While the top- and bottom-line numbers for Red River Bancshares (RRBI) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Red River Bancshares (RRBI) Q2 Earnings Beat Estimates

zacks.com · 30 Jul 2026

Red River Bancshares (RRBI) Q2 Earnings Beat Estimates

Red River Bancshares (RRBI) came out with quarterly earnings of $1.78 per share, beating the Zacks Consensus Estimate of $1.77 per share. This compares to earnings of $1.51 per share a year ago.

Red River Bancshares, Inc. Reports Second Quarter 2026 Financial Results

globenewswire.com · 30 Jul 2026

Red River Bancshares, Inc. Reports Second Quarter 2026 Financial Results

ALEXANDRIA, La., July 30, 2026 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (the “Company”) (Nasdaq: RRBI), the holding company for Red River Bank (the “Bank”), announced today its unaudited financial results for the second quarter of 2026.

Red River Bancshares (NASDAQ:RRBI) Sets New 1-Year High  – Still a Buy?

defenseworld.net · 28 Jul 2026

Red River Bancshares (NASDAQ:RRBI) Sets New 1-Year High – Still a Buy?

Red River Bancshares, Inc. (NASDAQ: RRBI - Get Free Report)'s share price hit a new 52-week high on Tuesday. The stock traded as high as $101.56 and last traded at $99.72, with a volume of 99070 shares traded. The stock had previously closed at $99.49. Analyst Upgrades and Downgrades Several equities research analysts have issued

Similar companies

Disclaimer: The historical data presented on this platform is provided by Financial Modeling Prep. Stock Picker is a platform for informational purposes only and does not provide financial advice. Users are encouraged to conduct their own research and consult with a qualified financial advisor before making investment decisions.