RBKB
Rhinebeck Bancorp, Inc.12.50
+0.20+1.63%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
139.32MP/E (TTM)
27.78Basic EPS (TTM)
0.45Dividend Yield
0%Recent Filings
10-K
8-K
MHC second-step conversion launched
Rhinebeck Bancorp's parent MHC adopted a second-step conversion plan on February 10, 2026, to fully publicize by dissolving the MHC's 57% stake via stock offering to depositors and others. Minority shares exchange to preserve ownership percentages, based on independent appraisal of pro forma value; eligibility set at December 31, 2024. Completion targeted Q3 2026, pending regulatory, depositor, and stockholder approvals. Risks loom if approvals fail.
8-K
Profitable turnaround in 2025
Rhinebeck Bancorp swung to $10.0 million net income for 2025, up from $8.6 million loss in 2024 hit by $16.0 million securities sales. Net interest margin expanded to 3.89% on higher yields and lower FHLB reliance, while non-performing assets dipped to 0.28% of assets. Balance sheet strengthened: assets at $1.30 billion, equity up 12.3%. Asset quality shines.
10-Q
Q3 FY2025 results
Rhinebeck Bancorp swung to Q3 net income of $2.7M ($0.25 diluted EPS), up from $8.1M loss last year, as net interest income climbed 24.5% y/y to $12.0M on higher loan yields (6.38%) and lower deposit costs, post-2024 restructuring. Nine-month profit hit $7.7M ($0.70 EPS, confirmed vs. 10.96M diluted shares), with NIM expanding 68bps y/y to 3.93%; non-interest income rebounded sans prior securities loss. Deposits swelled 9.3% to $1.12B, cash piled to $103M, FHLB advances dropped 62% to $26.6M (4.1% avg rate). Loans ticked up 0.6%, non-accruals fell 9%. Solid funding mix. Yet competition from non-banks pressures mortgage originations.
8-K
Q3 profit rebounds sharply
Rhinebeck Bancorp swung to Q3 2025 net income of $2.7M from $8.1M loss last year, fueled by 24.5% net interest income jump to $12.0M and NIM expansion to 3.93% post-2024 restructuring. Deposits surged 9.3% to $1.12B, funding loan growth while slashing FHLB borrowings 61.9%. Profitability returned. Asset quality sharpened, with past dues at 1.31%.
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