Rhinebeck Bancorp posts Q4 net loss $2.7M, full-year net loss $8.6M from securities restructuring

Rhinebeck Bancorp, Inc.

2024-FY EPS reported -$0.80 revenue$3,002,000

Diluted loss per share $0.25 in Q4 2024 vs EPS $0.09 in Q4 2023; annual loss per share $0.80 vs $0.40.
Q4 and full-year results include $4.0M and $16.0M loss on sale of securities from balance sheet restructuring.
Net interest margin improved 65 bps to 3.61% in Q4; net interest income rose 14.8% to $10.5M.
Provision for credit losses increased to $1.4M in Q4 (Q4 2023: $230K) due to a $524K commercial loan charge-off.
Total assets fell 4.4% to $1.26B; indirect auto loans down 25% to 23.5% of assets; equity up 7.2% to $121.8M.

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.