Monitor upcoming quarters for trends in non-interest income and expense control, as the decline in non-interest income and rising expenses could pressure future profitability despite stable net interest income.
Price Chart
Executive Summary
Rhinebeck Bancorp, Inc. reported Q1 2026 earnings with net income of $2.2 million ($0.20 per share), down 3.1% year-over-year due to lower non-interest income and higher non-interest expenses, partially offset by improved net interest income and a lower provision for credit losses. The bank maintained strong capital ratios and reported a solid net interest margin of 3.77%.
Key Financial Metrics
Key Facts
- Q1 2026 net income was $2.2 million ($0.20 per share), down from $2.3 million ($0.21 per share) in Q1 2025
- Net interest income increased 1.4% to $11.2 million driven by lower funding costs
- Provision for credit losses decreased 79.9% to $71,000
- Non-interest income decreased 16.3% to $1.5 million
- Non-interest expenses increased 2.4% to $9.7 million
- Net interest margin was 3.77%, down 2 basis points from prior year
- Return on average assets was 0.70% (down from 0.73% in Q1 2025)
- Total assets decreased to $1.28 billion from $1.30 billion in prior year
Financial Impact
Net income decreased by $72,000 year-over-year with modest revenue growth offset by higher expenses and lower non-interest income
Risk Factors
- Declining non-interest income, particularly from swap fees and investment advisory services
- Increasing non-interest expenses, especially in salaries, occupancy, and data processing
- Competitive pricing pressure on loan production
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001751783-26-000015 |
| Document: 0001751783-26-000015-index.html | 0001751783-26-000015 |
| Document: 0001751783-26-000015.txt | 0001751783-26-000015 |
| 8-K Data (Synthetic) | 0001751783-26-000015 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 20d ago | 8-K | $12.97 | awaiting T+60 | — | $12.85 (−0.93%) |
Aug 6, 2026 11w ago | Insider Buy | $12.52 | awaiting T+60 | — | $12.85 (+2.64%) |
Jul 23, 2026 13w ago | Insider Cluster | $12.43 $12.69 | ▲ +2.09% | ▼ −1.64% | $12.85 (+3.38%) |
Jul 17, 2026 14w ago | 8-K | $17.02 $17.98 | ▲ +5.64% | ▲ +0.95% | $12.85 (−24.50%) |
Jun 29, 2026 17w ago | 8-K | $17.31 $17.95 | ▲ +3.71% | ▲ +0.97% | $12.85 (−25.77%) |
May 26, 2026 21w ago | 8-K | $11.02 $12.65 | ▼ −14.75% | ▼ −12.03% | $12.85 (−16.57%) |
May 15, 2026 23w ago | EFFECT | $11.47 $12.48 | ▲ +8.76% | ▲ +4.25% | $12.85 (+11.99%) |
May 14, 2026 23w ago | 8-K | $11.47 $12.48 | ▲ +8.76% | ▲ +4.25% | $12.85 (+11.99%) |
May 11, 2026 24w ago | S-1/A | $11.50 $12.16 | ▲ +5.78% | ▲ +1.38% | $12.85 (+11.78%) |
Apr 24, 2026 26w ago | S-1/A | $16.05 $12.04 | ▼ −24.98% | ▼ −29.76% | $12.85 (−19.94%) |
US Market Status
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