Rhinebeck Bancorp Q2 net income up 180% to $2.7 mln

Rhinebeck Bancorp

24/07/2025 21:59

Overview

Rhinebeck Bancorp Q2 net income rises 179.6% yr/yr to $2.7 mln

Net interest income for Q2 increases 27.1% to $11.5 mln

Net interest margin improves to 3.97% from 3.04% last year

Result Drivers

NET INTEREST INCOME - Driven by higher yields on interest-earning assets and lower costs on interest-bearing liabilities

CREDIT LOSSES - Decrease in provision for credit losses due to lower loan balances and improved credit quality

NON-INTEREST EXPENSE - Increase primarily due to higher salaries, marketing, and retail banking costs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
$2.73 mln
Q2 Net Interest Income
$11.49 mln
Q2 Net Interest Margin
3.97%
Q2 Pretax Profit
$3.49 mln


Press Release: ID:nACS4WkPta

(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.)