RBKB
Rhinebeck Bancorp, Inc.12.50
+0.20+1.63%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
139.32MP/E (TTM)
27.78Basic EPS (TTM)
0.45Dividend Yield
0%Recent Filings
8-K
Board resignation announced
8-K
New CEO Appointment
Rhinebeck Bancorp appointed Matthew J. Smith, 41, as President and CEO of the company, Rhinebeck Bank, and MHC, effective October 20, 2025, succeeding retiring Michael J. Quinn, who will advise through year-end. Smith, ex-COO at Columbia Bank with digital banking expertise from Webster and Sterling, signed a deal with $525,000 base salary, $100,000 sign-on bonus, and incentives up to 50% of salary. This leadership shift promises operational innovation. Yet, non-compete clauses bind him tightly.
10-Q
Q2 FY2025 results
Rhinebeck Bancorp posted solid Q2 results, with net interest income up 27.1% year-over-year to $11.5 million, fueled by higher loan yields at 6.18% and a net interest margin expansion to 3.97% from 3.04%, while interest expense dropped 20.7% on lower FHLB borrowings. For the first half, net income climbed to $5.0 million from $2.1 million, with diluted EPS at $0.46 versus $0.19, driven by a 6.9% rise in interest income to $33.4 million and a slim $252,000 provision for credit losses. Deposits grew 4.9% to $1.07 billion, bolstering liquidity with $89.6 million in cash equivalents and $292.9 million available from FHLB lines, against $31.8 million in total debt. Non-GAAP metrics not disclosed in the 10-Q. Yet competition from larger banks pressures deposit rates.
8-K
New share repurchase plan
Rhinebeck Bancorp announced a new stock repurchase plan on August 7, 2025, authorizing buybacks of up to 540,000 shares, about 5% of its outstanding common stock. Repurchases will start after finishing the prior 2022 plan, with 47,506 shares left, via open market, private deals, or Rule 10b5-1 plans. This signals confidence in undervaluation. Yet risks like interest rate shifts could sway outcomes.
8-K
Q2 net income surges 180%
Rhinebeck Bancorp swung to a Q2 net income of $2.7 million, up 179.6% from $0.975 million last year, fueled by net interest income jumping 27.1% to $11.5 million and a $101,000 credit to provisions amid 30% lower non-performing assets. Net interest margin expanded to 3.97%, while deposits grew 4.9% to $1.07 billion, offsetting higher non-interest expenses. Credit quality sharpened. Stronger margins bolster profitability yet expenses rose.
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