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Rhinebeck Bancorp, Inc. operates as the bank holding company for Rhinebeck Bank that provides banking and financial products and services to consumer and commercial customers in the Hudson Valley region of New York, the United States. The company offers deposits, including non-interest-bearing demand, interest-bearing demand, money market, commercial and personal checking, individual retirement, and savings accounts, as well as certificates of deposit. It also provides direct and indirect automobile loans; non-residential commercial real estate loans; commercial business loans, such as term loans, revolving lines of credit, and lines of credit; residential mortgage and construction, one- to four-family residential real estate, multi-family real estate, commercial construction, and land development loans; other consumer loans, including home equity loans; and personal loans. In addition, the company offers retail brokerage; retirement planning; financial planning and advisory; life insurance and investment products; ATMs, online banking and bill pay, mobile banking with mobile deposit and bill pay, automated clearing house origination, remote deposit capture, and telephone banking; debit and credit cards; wire transfer and merchant services; and wealth management services. Further, it invests in mutual funds and annuities. The company was founded in 1860 and is based in Poughkeepsie, New York. Rhinebeck Bancorp, Inc. is a subsidiary of Rhinebeck Bancorp, MHC.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $53M | - | $10M | $11M | 7.3% | 85.7% | -216.5% |
| 2024 | $29M | - | $-9M | $8M | -7.1% | -34.3% | -296.1% |
| 2023 | $44M | - | $4M | $6M | 3.9% | -8.5% | -37.2% |
| 2022 | $48M | - | $7M | $14M | 6.5% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 47.77 | 43.70 | 28.73 | 53.36 |
| Operating Revenue | - | 47.77 | 43.70 | 28.73 | 53.36 |
| Selling General And Administration | - | 23.12 | 21.25 | 22.06 | 23.52 |
| Interest Income | - | 48.59 | 60.66 | 63.22 | 68.87 |
| Interest Expense | - | 6.76 | 22.69 | 25.53 | 22.48 |
| Net Interest Income | - | 41.84 | 37.97 | 37.70 | 46.39 |
| Pretax Income | - | 8.90 | 5.61 | -10.94 | 12.68 |
| Tax Provision | - | 1.90 | 1.22 | -2.32 | 2.64 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.01 | -0.07 | 0 | 0 |
| Net Income Continuous Operations | - | 7 | 4.39 | -8.62 | 10.04 |
| Net Income From Continuing And Discontinued Operation | - | 7 | 4.39 | -8.62 | 10.04 |
| Net Income From Continuing Operation Net Minority Interest | - | 7 | 4.39 | -8.62 | 10.04 |
| Net Income | - | 7 | 4.39 | -8.62 | 10.04 |
| Net Income Common Stockholders | - | 7 | 4.39 | -8.62 | 10.04 |
| Net Income Including Noncontrolling Interests | - | 7 | 4.39 | -8.62 | 10.04 |
| Normalized Income | - | 7.03 | 4.65 | -8.61 | 10.04 |
| Diluted NI Availto Com Stockholders | - | 7 | 4.39 | -8.62 | 10.04 |
| Basic Average Shares | - | 10.84 | 10.79 | 10.76 | 10.81 |
| Diluted Average Shares | - | 11 | 10.86 | 10.76 | 10.96 |
| Reconciled Depreciation | - | 1.65 | 1.49 | 1.42 | 1.36 |
| Total Unusual Items | - | -0.04 | -0.33 | -0.01 | 0.01 |
| Total Unusual Items Excluding Goodwill | - | -0.04 | -0.33 | -0.01 | 0.01 |
| Special Income Charges | - | -0.04 | -0.33 | -0.02 | 0.01 |
| Other Special Charges | - | 0.04 | -0.05 | 0.02 | -0.01 |
| Impairment Of Capital Assets | - | 0 | 0.38 | 0 | - |
| Gain On Sale Of Security | - | -0.17 | 0 | -16.04 | 0 |
| Depreciation Amortization Depletion Income Statement | - | 0.10 | 0.09 | 0.08 | 0.06 |
| Depreciation And Amortization In Income Statement | - | 0.10 | 0.09 | 0.08 | 0.06 |
| General And Administrative Expense | - | 22.43 | 20.69 | 21.48 | 22.66 |
| Other Gand A | 1.74 | 1.88 | - | - | - |
| Salaries And Wages | - | 21.60 | 19.46 | 20.37 | 21.61 |
| Insurance And Claims | - | 0.83 | 1.23 | 1.10 | 1.04 |
| Selling And Marketing Expense | - | 0.69 | 0.56 | 0.59 | 0.86 |
| Amortization | - | 0.10 | 0.09 | 0.08 | 0.06 |
| Amortization Of Intangibles Income Statement | - | 0.10 | 0.09 | 0.08 | 0.06 |
| Occupancy And Equipment | - | 4.58 | 4.26 | 4.27 | 4.36 |
| Professional Expense And Contract Services Expense | - | 1.74 | 1.92 | 1.93 | 1.81 |
| Other Non Interest Expense | - | 7.88 | 8.54 | 8.51 | 9.28 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Rhinebeck Bancorp, Inc.this co. | RBKB | $181M | 18.05↑ premium | 1.32 | 7.3% | - |
| CF Bankshares Inc. | CFBK | $187M | 10.68 | 1.02 | 9.5% | - |
| James River Group Holdings, Inc. | JRVR | $183M | 4.63 | 0.27 | 5.9% | - |
| Eagle Bancorp Montana, Inc. | EBMT | $181M | 12.18 | 0.94 | 7.7% | - |
| Finance of America Companies Inc. | FOA |
| - |
| - |
| - |
| - |
| - |
| $179M |
| 3.98 |
| 0.55 |
| 13.9% |
| - |
| SelectQuote, Inc. | SLQT | $176M | 3.69 | 0.50 | 13.5% | 3.77 |
| Landmark Bancorp, Inc. | LARK | $175M | 9.30 | 1.09 | 11.7% | - |
| BV Financial, Inc. | BVFL | $174M | 12.90 | 0.95 | 7.3% | - |
| CB Financial Services, Inc. | CBFV | $174M | 35.48 | 1.10 | 3.1% | - |
| Peer Median | - | 9.99 | 0.94 | 8.6% | 3.77 | |