- Rhinebeck Bancorp, Inc. reported a **net income of $2.7 million** for the third quarter of 2025, or **$0.25 earnings per share**, a significant turnaround from a net loss of $8.1 million, or $0.75 diluted loss per share, in the third quarter of 2024.  **[1751783_0001751783-25-000050_rbkb-20251028xex99d1.htm:1]**  For the first nine months of 2025, net income totaled **$7.7 million**, or **$0.70 earnings per share**, compared to a net loss of $6.0 million in the prior year period.  **[1751783_0001751783-25-000050_rbkb-20251028xex99d1.htm:1]** 
- Net interest income for Q3 2025 **increased by $2.4 million, or 24.5%, to $12.0 million**, primarily due to higher yields on interest-earning assets and lower costs on interest-bearing liabilities.  **[1751783_0001751783-25-000050_rbkb-20251028xex99d1.htm:1]**  This improved earnings stream follows a **balance sheet restructuring in Q3 2024** that resulted in a **$12.0 million pre-tax loss**.  **[1751783_0001751783-25-000050_rbkb-20251028xex99d1.htm:1]** 
- Total assets **increased by $60.2 million, or 4.8%, to $1.32 billion** as of September 30, 2025.  **[1751783_0001751783-25-000050_rbkb-20251028xex99d1.htm:3]**  This growth was supported by a **$95.0 million, or 9.3%, increase in deposits** and a **$11.2 million, or 9.2%, increase in stockholders' equity to $133.0 million**.  **[1751783_0001751783-25-000050_rbkb-20251028xex99d1.htm:4]** 
- **Matthew Smith** has assumed the role of President and Chief Executive Officer, with a focus on sustainable growth, deepening client relationships, and driving innovation.  **[1751783_0001751783-25-000050_rbkb-20251028xex99d1.htm:1]**

Rhinebeck Bancorp (RBKB)