Rhinebeck Bancorp, Inc.
- Open
- 12.51
- Day high
- 12.79
- Day low
- 12.51
- Prev close
- 12.48
- Volume
- 135K
- Mkt cap
- $200M
- P/E (TTM)
- 13.9
- EPS (TTM)
- $0.92
- P/B
- 1.4
- P/S
- 3.3
- Yield
- —
- Per share
- —
- ▲Insiders net buying $650K over the last 3 months (7 open-market buys, 1 sale)
- ◆Cluster buying — multiple insiders bought within days
- 🏛Institutions mixed (13F)
Rhinebeck Bancorp, Inc. (RBKB) is a Financial Services company listed on NASDAQ. The stock is up 36% over the past year. Over the trailing 3 months, insiders filed 7 open-market buys and 1 sale (SEC Form 4).
Rhinebeck Bancorp, Inc. (RBKB) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
RBKB earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 23, 2026 | — | $0.24 | — | $3M | — |
| Apr 23, 2026 | — | $0.20 | — | $18M | — |
| Jan 29, 2026 | — | $0.21 | — | $19M | — |
| Jul 24, 2025 | — | $0.25 | — | $18M | — |
| Apr 24, 2025 | — | $0.21 | — | $18M | — |
| Mar 25, 2025 | — | $-0.25 | — | $14M | — |
| Jul 25, 2024 | — | $0.09 | — | $17M | — |
| Apr 25, 2024 | — | $0.10 | — | $17M | — |
| Jan 25, 2024 | — | $0.09 | — | $17M | — |
| Jul 27, 2023 | — | $0.13 | — | $16M | — |
| May 11, 2023 | — | $0.07 | — | $16M | — |
| Mar 23, 2023 | — | $0.07 | — | $15M | — |
RBKB insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 6, 2026 | Vitale Michaelofficer: EVP, Head of Comm Banking | Buy | 4,834 | $12.35 |
| Jul 23, 2026 | Smith Matthew Jamesdirector, officer: President & CEO | Buy | 10,125 | $12.00 |
| Jul 23, 2026 | Smith Matthew Jamesdirector, officer: President & CEO | Buy | 2,300 | $11.99 |
| Jul 23, 2026 | Loughlin Suzannedirector | Buy | 12,000 | $11.93 |
| Jul 23, 2026 | Vitale Michaelofficer: EVP, Head of Comm Banking | Buy | 5,000 | $11.94 |
| Jul 23, 2026 | Patzwahl Nancy Koskeydirector | Buy | 25,000 | $11.94 |
| Jul 23, 2026 | Loughlin Suzannedirector | Buy | 500 | $11.92 |
| Jul 21, 2026 | Chestney Christopher W.director | Grant | 10,000 | $10.00 |
| Jul 21, 2026 | Bloom Jamie J.officer: Chief Operating Officer | Grant | 1,000 | $10.00 |
| Jul 21, 2026 | Irwin William C.director | Grant | 10,000 | $10.00 |
| Jul 21, 2026 | Garcia Freddimirdirector | Grant | 500 | $10.00 |
| Jul 21, 2026 | LaFrance Shannon Martindirector | Grant | 2,700 | $10.00 |
| Jul 21, 2026 | Lekanides Phillipofficer: SVP, Chief Accounting Officer | Grant | 500 | $10.00 |
| Jul 21, 2026 | Lekanides Phillipofficer: SVP, Chief Accounting Officer | Grant | 1,368 | $10.00 |
| Jul 21, 2026 | McCardle James T. IIIofficer: Chief Credit & Risk Officer | Grant | 2,500 | $10.00 |
Source: RBKB SEC Form 4 filings, latest Aug 6, 2026. For informational purposes only — not investment advice.
See the full RBKB insider & 13F page →Rhinebeck Bancorp, Inc. company profile
Overview
Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) is a regional bank holding company founded in 1860 and based in Poughkeepsie, New York. The company operates as the parent organization of Rhinebeck Bank, which serves consumer and commercial customers throughout the Hudson Valley region of New York. Going public in January 2019, Rhinebeck Bancorp operates as a subsidiary of Rhinebeck Bancorp, MHC (mutual holding company). The bank has weathered significant challenges in recent years, experiencing substantial losses in 2024 after several years of profitability.
Business
Rhinebeck Bancorp operates in the regional banking industry, providing traditional banking and financial services to individuals and businesses in New York's Hudson Valley region. Regional banks like Rhinebeck serve as intermediaries between depositors and borrowers, taking in customer deposits and lending those funds to generate interest income. The company's core offerings include deposit services such as checking and savings accounts, certificates of deposit, and money market accounts. On the lending side, Rhinebeck provides various loan products including automobile loans, commercial real estate loans (including multi-family properties, commercial construction, and land development), commercial business loans, and one-to-four family residential mortgages. Beyond traditional banking, Rhinebeck offers wealth management services including brokerage and financial advisory services, life insurance products, and investment solutions for both individual and business clients. The bank operates through 15 branches and 2 representative offices across Dutchess, Ulster, Orange, and Albany counties, along with ATM services. As a community bank, Rhinebeck focuses on relationship banking, where loan officers and branch managers develop personal relationships with local customers and understand the specific needs of their geographic market. This contrasts with larger national banks that rely more heavily on automated underwriting and standardized products.
Revenue model
Rhinebeck Bancorp generates revenue primarily through net interest income - the difference between interest earned on loans and investments and interest paid on deposits and borrowed funds. This is the fundamental business model of banking, where the bank acts as a financial intermediary, borrowing money from depositors at lower rates and lending it out at higher rates. The bank's paying customers include individual consumers seeking mortgages, auto loans, and deposit accounts, as well as commercial clients needing business loans, commercial real estate financing, and cash management services. Revenue from 2023 was $41.7 million, which dropped significantly to $25.9 million in 2024, indicating substantial operational challenges. Several factors significantly impact Rhinebeck's profitability margins. Interest rate environment is the most critical factor - when the Federal Reserve raises rates, the bank's cost of funds (what it pays depositors) typically increases faster than loan yields, compressing net interest margins. Credit quality directly affects profitability through loan loss provisions; economic downturns in the Hudson Valley region could increase defaults. Competition from larger regional banks, credit unions, and online banks pressures both deposit rates and loan pricing. Regulatory compliance costs disproportionately impact smaller banks like Rhinebeck, as fixed compliance expenses represent a larger percentage of revenue compared to larger institutions. The bank also generates fee income from wealth management services, but this represents a smaller portion of total revenue compared to traditional banking operations.
Competitive moat
Rhinebeck Bancorp's competitive moat is relatively weak compared to larger financial institutions. The company's primary defensive characteristics stem from its local market knowledge and relationship banking approach in the Hudson Valley region. Community banks like Rhinebeck can compete effectively against larger institutions by offering personalized service, faster loan decision-making, and deep understanding of local market conditions. However, this moat faces significant challenges. Geographic concentration creates vulnerability to regional economic downturns, as evidenced by the bank's recent losses. The Hudson Valley market, while affluent, is limited in size and faces competition from numerous larger regional banks with greater resources and technology capabilities. Technology disruption poses an ongoing threat, as fintech companies and online banks offer competitive rates and convenient digital services that community banks struggle to match with their smaller technology budgets. Scale disadvantages in funding costs, regulatory compliance, and operational efficiency make it difficult for Rhinebeck to compete on price with larger institutions. The bank's wealth management services provide some differentiation, but these capabilities are not unique and face competition from dedicated investment advisory firms and larger banks with more comprehensive product offerings. Overall, Rhinebeck operates in a highly competitive, commoditized industry with limited barriers to entry and significant regulatory oversight.
Risks & safety
Rhinebeck Bancorp presents significant financial risk with limited margin of safety based on recent performance deterioration. • Profitability concerns: Net loss of $8.6 million in 2024 versus $4.4 million profit in 2023, indicating severe operational challenges • Cash position: $18.6 million in cash and short-term investments provides some liquidity buffer • Debt levels: Debt-to-equity ratio of 0.62, which is manageable but concerning given negative earnings • Solvency risk: Total assets of $1.26 billion versus liabilities of $1.13 billion provides reasonable equity cushion, but negative ROE of -7.1% raises sustainability questions • Valuation metrics: Trading at 0.85x book value suggests market skepticism; negative P/E ratio due to losses makes traditional valuation difficult • Regulatory risk: Banking regulators may impose restrictions or require capital raising if losses continue • Operational cash flow: Positive $8.5 million in 2024 provides some stability despite net losses
Recent development
Based on available financial data, Rhinebeck Bancorp has experienced significant operational challenges over the past two years. The company transitioned from consistent profitability in 2022-2023 (earning $7.0 million and $4.4 million respectively) to substantial losses in 2024 ($8.6 million loss). The bank's revenue declined dramatically from $41.7 million in 2023 to $25.9 million in 2024, suggesting either significant asset dispositions, margin compression, or operational restructuring. Quarterly results show particular weakness in Q3 2024 with negative revenue of $329,000 and an $8.1 million net loss, indicating possible one-time charges or asset write-downs. Despite operational challenges, the bank maintained positive operating cash flow of $8.5 million in 2024, suggesting the underlying business continues to generate cash even while reporting accounting losses. The company's asset base remained relatively stable around $1.26-1.31 billion over the period, indicating the bank has not undergone major downsizing. Without access to earnings call transcripts, specific strategic initiatives or management explanations for the performance deterioration are not available, but the financial metrics suggest the bank is navigating significant headwinds in the current interest rate environment.
RBKB company profile · for informational purposes only — not investment advice.
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