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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 to $2.3 million. 2. The rise is driven by net interest income and non-interest income growth.

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Why Bullish?

The significant increase in net income suggests improved financial health for RBKB, echoing trends from similar regional banks that saw stock upticks following strong earnings reports in prior periods, like the case of other community banks that capitalized on rising interest rates.

How important is it?

The earnings increase directly influences investor perception and potential stock performance, being a critical factor for market participants.

Why Short Term?

Earnings reports typically have immediate effects on stock prices; strong quarterly performance likely leads to short-term bullish sentiment among investors.

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PACWHBANWBS
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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