Welcome to our dedicated page for Rhinebeck Bancorp news (Ticker: RBKB), a resource for investors and traders seeking the latest updates and insights on Rhinebeck Bancorp stock.
Rhinebeck Bancorp, Inc. reports recurring developments as the holding company for Rhinebeck Bank, a New York-chartered stock savings bank serving consumer and commercial customers in New York State. News commonly covers quarterly and annual operating results, including net interest income, non-interest income and expense, provision for credit losses, asset quality and the effects of balance-sheet actions on earnings.
Company updates also address Rhinebeck Bank's commercial banking platform, treasury management and relationship-based services, deposit-account technology, and Rhinebeck Asset Management's brokerage, investment advisory, financial product sales and employee benefits offerings. Governance items include board and executive leadership changes within Rhinebeck Bancorp, Rhinebeck Bancorp, MHC and the bank.
Rhinebeck Bancorp (Nasdaq: RBKB) announced a Plan of Conversion and Reorganization for a "second step" conversion of its parent mutual holding company into a stock holding company. The mutual holding company currently owns approximately 57% of outstanding common stock.
The MHC will merge into the Company, and the Company will offer the MHC-owned shares in a subscription offering to eligible depositors and, if needed, community or underwritten offerings. Eligible account holders as of Dec 31, 2024 have first priority subscription rights. Completion is expected in Q3 2026, subject to regulatory, depositor, and stockholder approvals.
Rhinebeck Bancorp (NASDAQ:RBKB) reported net income of $2.3M in Q4 2025 and $10.0M for the full year, compared to a FY2024 net loss of $8.6M. Return on average assets was 0.78% and diluted EPS was $0.92 for 2025. Key drivers included margin expansion (net interest margin 3.89% for 2025), lower provision for credit losses, disciplined balance sheet management, deposit growth and improved efficiency ratio of 73.12%. Total assets were $1.30B and loans stood at $953.4M at year-end.
Rhinebeck Bank (NASDAQ:RBKB) announced the retirement of Louis Tumolo, Jr., DVM from its Board of Directors, effective December 17, 2025. Dr. Tumolo served on the bank's board for over 42 years, the longest tenure in the institution's history, and chaired the Investment, Governance and Audit Committees while also serving on Loan Review and Compensation committees. He was Board Chairman from October 2008 to April 2022. The bank highlighted his community focus and long-standing leadership contributions.
Rhinebeck Bancorp (NASDAQ:RBKB)/b) reported for Q3 2025 vs a $8.1M loss in Q3 2024, with diluted EPS of $0.25 vs a diluted loss per share of $0.75 a year earlier. Year-to-date net income was $7.7M vs a $6.0M loss in the prior period.
Key drivers: net interest income rose 24.5% to $12.0M and net interest margin improved to 3.93%. Deposits grew and borrowings fell, while asset quality showed lower past-due loans and non-performing assets of $3.7M.
Rhinebeck Bancorp (NASDAQ:RBKB) has appointed Matthew J. Smith as its new President and Chief Executive Officer, effective October 20, 2025. Smith succeeds Michael J. Quinn, who announced his retirement after 40 years of service.
Smith joins from Columbia Financial where he served as Senior Executive VP and COO. His extensive background includes leadership roles at Webster Bank, Sterling National Bank, Bridgewater Associates, and GE Capital. The incoming CEO brings significant expertise in digital banking, product development, and strategic growth initiatives.
Former CEO Quinn will serve as Interim Executive Advisor through year-end to facilitate the leadership transition. Smith will also join the boards of Rhinebeck Bancorp, MHC, Rhinebeck Bancorp, Inc., and Rhinebeck Bank.
Rhinebeck Bancorp (NASDAQ:RBKB) reported strong Q2 2025 financial results with net income of $2.7 million ($0.25 per share), a 179.6% increase from $975,000 in Q2 2024. For H1 2025, net income reached $5.0 million ($0.47 per share), up 139.2% year-over-year.
The bank's performance showed significant improvements with net interest margin expanding to 3.88%, return on average equity rising to 8.04%, and non-performing assets declining 30%. Total assets increased to $1.27 billion, with deposits growing by $50.0 million (4.9%). The bank maintains strong capitalization with a Tier 1 capital ratio of 12.66% and tangible book value per share of $11.40.
Rhinebeck Bancorp (NASDAQ:RBKB) reported strong Q1 2025 financial results with net income of $2.3 million ($0.21 per share), a 104.1% increase from $1.1 million in Q1 2024. The improvement was driven by higher net interest income and non-interest income, partially offset by increased credit loss provisions and expenses.
Key highlights include:
- Net interest income rose 25.2% to $11.0 million
- Interest rate spread improved to 3.13% from 2.19%
- Net interest margin increased to 3.79% from 2.90%
- Return on average assets reached 0.73% vs 0.34% year-over-year
- Return on average equity improved to 7.49% from 3.92%
Total assets remained stable at $1.26 billion, with loans receivable growing 0.5% to $976.5 million. Credit quality improved with past due loans decreasing 18.9% to $13.6 million (1.38% of total loans). Total deposits increased by $13.5 million to $1.03 billion, while stockholders' equity grew 3.4% to $126.0 million.
Rhinebeck Bancorp (RBKB) has announced two strategic appointments to its Board of Directors, effective April 15, 2025. Sharon A. McGinnis, current Chief Human Resources Officer at Central Hudson Gas & Electric , and Nancy K. Patzwahl, a certified public accountant and principal at UHY Advisors NY, have joined the board.
McGinnis, with previous experience as VP of Human Resources at Dow Jones, will serve on the Compensation and Governance & Nominating Committees. She brings expertise in talent management, leadership development, and corporate governance.
Patzwahl, with experience at KPMG and former directorship at National Union Bank of Kinderhook, joins the Audit and Loan Review Committees. Her background includes tax strategy, financial reporting, and risk oversight.
Rhinebeck Bancorp (NASDAQ:RBKB) announced that President and CEO Michael J. Quinn will retire after 40 years of service, including 20 years as CEO. During Quinn's leadership, the bank experienced significant growth with assets increasing by 246%, expanded its footprint, and successfully transitioned to becoming a publicly traded company.
The Board of Directors has initiated a comprehensive search for Quinn's successor, engaging an executive search firm to evaluate both internal and external candidates. Quinn will continue serving as President and CEO until either a successor is appointed or the end of the year.
Under Quinn's tenure, the bank strengthened its community impact while maintaining core values of integrity, accountability, and community service. The bank maintains a strong capital position and is positioned for continued growth and innovation.