Rhinebeck Bancorp Q2 net income falls 31.9% to $975K; EPS $0.09

Rhinebeck Bancorp, Inc.

2024-Q2 EPS reported $0.19 revenue$1,479,000

Q2 2024 net income $975K ($0.09 diluted EPS), down from $1.4M ($0.13) in Q2 2023.
Net interest income $9.1M, down 1.8% YoY; provision for credit losses increased $899K.
Tangible book value per share $10.27, up 8.5% from June 2023.
Loans decreased $26.5M, led by $50.7M drop in indirect auto loans.
Non-performing assets flat at $4.2M; past due loans improved to 1.58% of total.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.