Rhinebeck Bancorp's Q4 net income improves from loss last year

Rhinebeck Bancorp

29/01/2026 21:33

Overview

New York bank's Q4 net income improved from a loss last year

Net interest income for Q4 increased 16.3% yr/yr

Provision for credit losses decreased 63.6% yr/yr

Outlook

Rhinebeck Bancorp did not provide specific financial guidance for 2026 in press release

Result Drivers

NET INTEREST INCOME - Increased due to higher yields and lower costs on interest-bearing liabilities, improving net interest margin

CREDIT LOSSES - Provision for credit losses decreased due to lower loan balances and decreased net charge-offs

DEPOSIT GROWTH - Increase in deposits allowed for reduction in borrowings, strengthening balance sheet

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Income
$2.34 mln
Q4 Net Interest Income
$11.83 mln
Q4 Net Interest Margin
3.87%
Q4 Pretax Profit
$2.93 mln
Q4 Provision for Credit Losses
$503,000


Press Release: ID:nACSnPRCKa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)