Rhinebeck Bancorp Q2 net income $2.6M, down 4% YoY; completes $88.8M second-step conversion

Rhinebeck Bancorp, Inc.

Net income of $2.6M ($0.24 diluted EPS) for Q2 2026, down 4.0% from $2.7M ($0.25) in Q2 2025.
Completed second-step conversion on July 21, 2026, raising $88.8M gross from sale of 8.88M shares at $10.00.
Net interest income rose 1.2% to $11.6M; non-interest income up 8.8% to $1.7M.
Past-due loans fell 34.6% from year-end to 1.03% of total loans; non-performing assets down 8.4% to $3.4M.
Total assets increased 12.9% to $1.47B, largely from stock subscription funds; deposits up 16.9% including subscriptions.

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.