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RBKB

Rhinebeck Bancorp, Inc.

RBKB

Rhinebeck Bancorp, Inc. • NASDAQ
$10.89 ▼ -1.36% (-0.15)
Market Cap $121.38 M
52w High $13.99
52w Low $9.31
Dividend Yield 0%
P/E 24.2
Volume 1.47K
Outstanding Shares 11.15M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 ▼ $0 ▼ $0 ▼ 0% ▼ $0.25 $0 ▼
Q2-2025 $18.357M ▼ $9.707M ▲ $2.726M ▲ 14.85% ▲ $0.25 ▲ $3.809M ▲
Q1-2025 $18.389M ▲ $9.508M ▼ $2.288M ▲ 12.442% ▲ $0.21 ▲ $3.265M ▲
Q4-2024 $13.795M ▲ $9.943M ▲ $-2.654M ▲ -19.239% ▲ $-0.25 ▲ $-2.991M ▲
Q3-2024 $6.012M $9.081M $-8.062M -134.098% $-0.75 $-9.948M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $0 ▼ $1.316B ▲ $1.183B ▲ $133.004M ▲
Q2-2025 $77.431M ▲ $1.274B ▲ $1.145B ▲ $128.957M ▲
Q1-2025 $76.387M ▼ $1.256B ▲ $1.13B ▼ $125.975M ▲
Q4-2024 $147.243M ▼ $1.256B ▼ $1.134B ▼ $121.833M ▼
Q3-2024 $205.085M $1.266B $1.143B $122.667M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $2.695M ▼ $2.23M ▼ $-24.609M ▼ $36.222M ▲ $0 ▼ $2.528M ▲
Q2-2025 $2.726M ▲ $2.428M ▼ $22.319M ▲ $14.358M ▲ $39.105M ▲ $2.246M ▼
Q1-2025 $2.288M ▲ $4.313M ▲ $12.961M ▲ $-4.241M ▲ $13.033M ▲ $4.197M ▲
Q4-2024 $-2.654M ▲ $3.579M ▲ $-2.958M ▼ $-9.517M ▲ $-8.896M ▼ $3.21M ▲
Q3-2024 $-8.062M $-3.576M $29.77M $-14.252M $11.942M $-3.625M

Five-Year Company Overview

Income Statement

Income Statement Rhinebeck Bancorp’s revenue has been fairly steady over the past several years, but profitability has weakened. Earlier years showed modest, consistent profits, while the most recent year slipped into a small loss. This suggests that costs, loan margins, or credit-related items are putting pressure on earnings even though the bank isn’t shrinking. Earnings per share have also been choppy, which points to a business that is sensitive to changes in interest rates and operating efficiency. Overall, the income statement tells a story of a stable but thinly profitable bank that has recently moved into slightly negative territory and needs to restore margin and cost discipline.

Balance Sheet

Balance Sheet The balance sheet looks relatively stable, with total assets having grown over time and then leveling off. The bank’s equity base has remained fairly steady, which indicates no dramatic balance-sheet stress or rapid dilution, but also no major build-up of capital. Borrowings have increased compared with earlier years, suggesting greater reliance on wholesale funding or other forms of debt, while cash balances are quite lean, which is common for many community banks that depend on deposits and securities for liquidity rather than idle cash. Overall, the balance sheet appears sound but not overly cushioned, making risk management and funding costs important areas to watch.

Cash Flow

Cash Flow Despite the recent dip into a small loss, Rhinebeck Bancorp has generated consistently positive operating cash flow. Free cash flow has also been positive and very steady, with minimal spending on physical assets. For a bank, this pattern indicates that the core lending and deposit business continues to throw off cash even when accounting profits soften. It also suggests the franchise does not require heavy capital investment to maintain operations. The flip side is that there is little sign in these figures of aggressive reinvestment or expansion, so growth will likely be gradual unless strategy shifts.

Competitive Edge

Competitive Edge Rhinebeck Bancorp is a classic community bank with deep roots in the Hudson Valley. Its main strengths are local relationships, long history, and a reputation for personalized service. This relational focus gives it an advantage with local businesses and households that value direct access to decision-makers and tailored lending. The bank also offers some niche products, like specialized landlord–tenant accounts, and emphasizes responsive commercial lending. However, as a small regional player, it faces ongoing competition from larger banks with broader product sets and from digital-only providers. Its moat is less about unique products and more about trust, local knowledge, and sticky deposit relationships in its core geography.

Innovation and R&D

Innovation and R&D While not a technology leader on a national scale, Rhinebeck Bancorp is steadily upgrading its digital capabilities. Its digital business banking platform offers the kinds of tools commercial clients now expect, and partnerships (such as integrated payment solutions and merchant services) let it offer modern functionality without building everything in-house. The “My Toolkit” feature, which curates outside financial tools like estate planning and identity protection, is an interesting attempt to deepen customer engagement beyond standard banking. Looking ahead, the new CEO with a digital banking background could accelerate these efforts. The key question is execution: using technology to enhance the community-banking model without losing the personal touch that defines its brand.

Summary

Rhinebeck Bancorp is a small, community-focused regional bank with long-standing roots and a loyal local customer base. Financially, it shows a pattern of stable revenue but thin margins, recently slipping from modest profitability into a small loss, even as cash generation from core operations remains steady. The balance sheet appears generally sound, though with higher reliance on debt than in earlier years and a relatively slim liquidity cushion, which makes funding costs and risk controls important. Competitively, its strength lies in relationships, community presence, and tailored local offerings rather than scale or cutting-edge technology. Its digital initiatives and the arrival of a tech-oriented CEO create an opportunity to modernize and grow carefully, but they also introduce execution risk. Overall, the bank looks like a steady, locally anchored franchise working through earnings pressure while trying to upgrade its digital capabilities and preserve its community-based edge.

NEWS

October 28, 2025 · 4:25 PM UTC

Rhinebeck Bancorp, Inc. Reports Results for the Quarter Ended September 30, 2025

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September 16, 2025 · 4:25 PM UTC

Rhinebeck Bancorp Appoints Matthew J. Smith as President and Chief Executive Officer

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