For me it worked perfectly (Laz1.5 but 1.4.2 should work too, Windows 10 with Firebird 2.1 database and TIBConnection/TSQLQuery).
What DB are you using and what DB-components?
And how did you create the RichEdit-text-field in your DB?
It shouldn't be TEXT but BLOB (or something similar for your DB-engine).
(and who and how was the field originally filled in?)
i.e.
CREATE TABLE TESTTABLE
(
ID BIGINT,
TEKST BLOB SUB_TYPE 0 SEGMENT SIZE 80
)