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

1. RBKB reported a $2.7 million net loss in Q4 2024. 2. Loss per share for Q4 2024 was $0.25, down from earnings in 2023.

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FAQ

Why Very Bearish?

The significant net loss and negative EPS indicate poor financial performance, likely leading to bearish sentiments among investors. Historically, substantial losses have resulted in declines in stock prices for financial institutions like RBKB.

How important is it?

The article outlines significant financial results that directly impact investor perception and RBKB's stock value, making it very relevant for stakeholders.

Why Short Term?

Immediate market reactions to financial losses typically impact the stock price in the short term. Past occurrences have shown stocks drop rapidly after unfavored earnings reports.

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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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