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Rhinebeck Bancorp, Inc. Reports Results for the Quarter and Year Ended December 31, 2024

1. RBKB reported a Q4 2024 net loss of $2.7 million, reversing last year's gain. 2. Diluted loss per share reached $0.25, reflecting significant financial decline.

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-0.53%S&P 500
$10.0201/30 05:00 PM EDTEvent Start
$10.0201/31 11:18 PM EDTLatest Updated
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FAQ

Why Very Bearish?

The substantial net loss indicates poor financial health, which could deter investors. Past examples show similar declines led to decreased stock prices in banking sectors.

How important is it?

Earnings reports directly affect investor sentiment and stock price; significant losses are critical.

Why Short Term?

Immediate investor reaction likely due to quarterly performance. Historically, poor quarterly results have led to swift stock price drops.

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NASDAQ:RBKB
POUGHKEEPSIE, NY / ACCESS Newswire / January 30, 2025 / Rhinebeck Bancorp, Inc. (the "Company") (NASDAQ:RBKB), the holding company of Rhinebeck Bank (the "Bank"), reported a net loss for the fourth quarter of 2024 of $2.7 million, compared to net income of $930,000 for the fourth quarter of 2023. Diluted loss per share was $0.25 for the fourth quarter of 2024, compared to diluted earnings per share of $0.09 for the same quarter of 2023.

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