Rhinebeck Bancorp Q2 net income falls 4% to $2.6 million; net interest income rises 1.2% to $11.6 million

Reuters2026/07/23 20:58

By:Reuters

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Rhinebeck Bancorp posted Q2 net income of $2.6 million, down 4% year over year, with EPS of $0.24.
Net interest income rose 1.2% to $11.6 million, while net interest margin narrowed 19 basis points to 3.78%.
Non-interest income increased 8.8% to $1.7 million, while non-interest expense climbed 3.1% to $10 million.
Past-due loans fell 34.6% from year-end to $9.5 million, while total assets rose 12.9% to $1.47 billion.
Rhinebeck completed a second-step conversion on July 21, raising $88.8 million in gross proceeds from a public stock offering priced at $10.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rhinebeck Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001751783-26-000035), on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Rhinebeck Bancorp Q2 net income falls 4% to $2.6 million; net interest income rises 1.2% to $11.6 million

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