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Rhinebeck Bancorp, Inc. Reports Results for the Quarter Ended March 31, 2025

1. RBKB reported a 104.1% increase in net income year-over-year. 2. Net income for Q1 2025 reached $2.3 million, driven by higher interest income.

Earnings
+1.77%Current Return
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+0.73%S&P 500
$10.1704/24 04:28 PM EDTEvent Start
$10.3504/25 10:46 PM EDTLatest Updated
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FAQ

Why Bullish?

The significant increase in net income suggests strong operational performance, which may attract investors. Historically, similar positive earnings reports have led to stock price increases in financial institutions.

How important is it?

The article highlights a substantial financial improvement for RBKB, informing potential investors and analysts about the bank's growth prospects. Such positive news generally elevates interest and confidence in the stock.

Why Short Term?

Investor reaction to quarterly earnings tends to be immediate, influencing short-term stock prices. In the past, positive earnings have influenced RBKB's stock performance within weeks.

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POUGHKEEPSIE, NY / ACCESS Newswire / April 24, 2025 / Rhinebeck Bancorp, Inc. (the "Company") (NASDAQ:RBKB), the holding company of Rhinebeck Bank (the "Bank"), reported net income for the three months ended March 31, 2025 of $2.3 million ($0.21 per basic and diluted share), which was $1.2 million, or 104.1%, higher than the comparable prior year period of $1.1 million ($0.10 per basic and diluted share). The increase in net income for the quarter ended March 31, 2025 as compared to the quarter ended March 31, 2024 was primarily due to increases in net interest income and non-interest income, partially offset by increases in the provision for credit losses and non-interest expense.

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