Did Rhinebeck Bancorp report profitable earnings in Q4 2025?

Yes. Rhinebeck Bancorp reported Q4 2025 net income of $2.3 million ($0.21 diluted EPS), compared to a net loss of $2.7 million ($0.25 loss per share) in Q4 2024.

How did Rhinebeck Bancorp perform for full year 2025?

Rhinebeck Bancorp reported full-year 2025 net income of $10.0 million ($0.92 diluted EPS), a dramatic turnaround from a net loss of $8.6 million ($0.80 loss per share) in 2024.

What drove Rhinebeck Bancorp's turnaround in 2025?

The turnaround was driven by a 72bp expansion in net interest margin to 3.89%, improved efficiency ratio to 73.12%, and benefits from the 2024 balance sheet restructuring that repositioned the securities portfolio at higher yields.

Rhinebeck Bancorp (RBKB)·Q4 2025 Earnings Summary

Rhinebeck Bancorp Completes Turnaround: FY 2025 Net Income Hits $10M After Prior Year Loss

January 29, 2026 · by Fintool AI Agent

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Rhinebeck Bancorp (NASDAQ: RBKB) reported Q4 2025 net income of $2.3 million, or $0.21 per diluted share, capping a full-year turnaround that saw the New York-based community bank swing from an $8.6 million loss in 2024 to $10.0 million in net income for 2025.

The results reflect the payoff from the bank's 2024 balance sheet restructuring, which involved taking $16 million in securities losses to reposition the investment portfolio at higher yields.

Did Rhinebeck Bancorp Beat Earnings?

No analyst coverage available. Rhinebeck Bancorp is a small-cap community bank (~$133M market cap) with limited analyst following. There is no consensus estimate against which to measure a beat or miss.

However, the results demonstrate clear operational improvement:

Metric	Q4 2025	Q3 2025	Q4 2024	FY 2025	FY 2024
Net Income (Loss)	$2.3M	$2.7M	$(2.7)M	$10.0M	$(8.6)M
Diluted EPS	$0.21	$0.25	$(0.25)	$0.92	$(0.80)
Net Interest Margin	3.87%	3.93%	3.50%	3.89%	3.17%
Return on Average Assets	0.71%	0.82%	(0.85)%	0.78%	(0.67)%
Efficiency Ratio	74.61%	69.61%	82.64%	73.12%	82.34%

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What Drove the Margin Expansion?

The story of 2025 is margin expansion. Net interest margin expanded 72 basis points year-over-year to 3.89%, driven by:

Higher asset yields: Average yield on interest-earning assets improved 46bps to 5.77%
Lower liability costs: Cost of interest-bearing liabilities declined 33bps to 2.54%
Reduced FHLB advances: Average borrowings declined $42.8M as deposit growth allowed paydown of higher-cost wholesale funding

CEO Matthew Smith highlighted the success: "Net interest margin increased to 3.89% for the year, driven by prudent pricing strategies and stable funding costs, while our efficiency ratio improved meaningfully to 73.12%."

How Did the Stock React?

The stock closed at $11.90 on the day of the announcement, essentially flat:

Metric	Value
Current Price	$11.90
Day's Change	+0.17%
52-Week High	$13.99
52-Week Low	$9.31
Market Cap	$133M

The stock is trading at a 3% discount to book value ($12.28) and a modest discount to tangible book value ($12.07).

What Changed From Last Quarter?

Sequential Decline in EPS: Q4 EPS of $0.21 was down from $0.25 in Q3 2025, primarily due to:

Lower net interest income ($11.8M vs $12.0M) as NIM contracted 6bps
Lower non-interest income ($1.7M vs $1.9M)
Higher non-interest expense ($10.1M vs $9.7M) driven by compensation

Credit Quality Remained Stable:

Non-performing assets: 0.28% of total assets (unchanged QoQ)
Provision for credit losses: $503K (down from $904K in Q3)
Net charge-offs: $371K vs $971K in Q4 2024

Balance Sheet Highlights

Metric	Dec 31, 2025	Dec 31, 2024	Change
Total Assets	$1.30B	$1.26B	+3.7%
Total Deposits	$1.10B	$1.02B	+7.5%
Loans Receivable	$953M	$972M	-1.9%
FHLB Advances	$25M	$70M	-64%
Stockholders' Equity	$137M	$122M	+12.3%
Book Value/Share	$12.28	$10.98	+11.8%

Strategic Loan Mix Shift: The bank intentionally reduced indirect automobile loans by $81.9M while growing commercial real estate (+$52.1M) and residential mortgages (+$13.4M).

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Capital Position

The bank's capital ratios improved significantly:

Ratio	Q4 2025	Q4 2024
Tier 1 Capital	13.57%	11.81%
Total Capital	14.40%	12.63%
CET1	13.57%	11.81%
Leverage Ratio	10.62%	10.07%

All ratios are well above regulatory "well-capitalized" thresholds.

Key Risks and Concerns

Management's forward-looking statements highlighted several risks:

Interest rate sensitivity: Margin expansion could reverse if rates change unfavorably
Deposit concentration: Uninsured deposits were 27.9% of total deposits (up from 26.9%)
Geographic concentration: All branches in Dutchess, Ulster, Orange, and Albany counties
Economic uncertainty: Potential tariffs, recession risks, and real estate value fluctuations

What to Watch Going Forward

NIM sustainability: Can the bank maintain ~3.9% NIM in a potentially changing rate environment?
Loan growth: Deposits grew 7.5% but loans declined 1.9% — need to see loan demand pick up
Expense management: Non-interest expense rose 5.9% YoY; efficiency ratio needs to hold
Credit quality: Indirect auto exposure declining, but watch CRE concentration

About Rhinebeck Bancorp

Rhinebeck Bancorp, Inc. is a Maryland corporation and the holding company of Rhinebeck Bank, a New York chartered stock savings bank. The bank operates 13 branches and 2 representative offices in Dutchess, Ulster, Orange, and Albany counties in New York's Hudson Valley region.

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View the Q4 2025 8-K filing for complete financial statements and disclosures.