Rhinebeck Bancorp Q1 net income falls

Rhinebeck Bancorp

23/04/2026 21:33

Overview

US regional bank's Q1 net income fell yr/yr on lower non-interest income, higher expenses

Net interest income rose yr/yr, supported by lower costs on interest-bearing liabilities

Provision for credit losses dropped nearly 80% due to decreased loan production

Outlook

Company says capital and liquidity positions remain robust, supporting strategic initiatives

Result Drivers

LOWER NON-INTEREST INCOME - Co said decline in swap fee income and investment advisory fees led to lower non-interest income

HIGHER EXPENSES - Co attributed increased non-interest expense to higher salaries, benefits, occupancy, and data processing costs

CREDIT LOSS PROVISION DROP - Co said provision for credit losses fell due to decreased loan production

Company press release: ID:nACSMf9jya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
$2.22 mln
Q1 Net Interest Income
$11.19 mln
Q1 Net Interest Margin
3.77%
Q1 Pretax Profit
$2.85 mln
Q1 Provision for Credit Losses
$71,000


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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.)