Rhinebeck Bancorp, Inc. Reports Results for the Quarter Ended June 30, 2026 and Completes Second-Step Conversion
Rhinebeck Bancorp reported Q2 net income of $2.6 million, or $0.24 per share, a 4% decline from the prior year period, driven by higher non-interest expenses. The company completed its second-step conversion, selling 8.88 million shares at $10.00 per share to generate $88.8 million in gross proceeds, increasing total shares outstanding to approximately 15.6 million.
Key figures
- Eps
- 0.24
- Revenue
- 11600000
- Guidance
- None provided
- Deal Value Usd
- 88800000
- Offering Price
- 10
- Shares Offered
- 8880210
- Roa
- 0.79%
- Roe
- 7.56%
- Total assets
- 1470000000
- Net interest income
- 11600000
- Net interest margin
- 3.78%
- Non interest income
- 1700000
- Non interest expense
- 10000000
- Past due loans change pct
- -34.6%
AI analysis
Red flags3 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.