RBKB Stock Gains Post Q3 Earnings on Interest Income, Deposit Growth

Rhinebeck Bancorp (RBKB) reported Q3 2026 net income of $3.2 million, up 16.9% year-over-year, with EPS increasing 16.7% to 21 cents. The bank benefited from higher interest-earning assets and lower funding costs, though net interest margin contracted 14 basis points. Following its July 2026 second-step mutual-to-stock conversion raising $88.8 million, management plans to expand commercial banking operations and digital capabilities. However, non-performing assets increased 16.2% and unrealized losses on securities rose $5 million, presenting ongoing credit quality concerns.