RBKB · Rhinebeck Bancorp, Inc.
Rhinebeck Bancorp, Inc. operates as the bank holding company for Rhinebeck Bank that provides banking and financial products and services to consumer and commercial customers in the Hudson Valley region of New York, the United States. The company offers deposits, including non-interest-bearing demand, interest-bearing demand, money market, commercial and personal checking, individual retirement, and savings accounts, as well as certificates of deposit. It also provides direct and indirect automobile loans; non-residential commercial real estate loans; commercial business loans, such as term loans, revolving lines of credit, and lines of credit; residential mortgage and construction, one- to four-family residential real estate, multi-family real estate, commercial construction, and land development loans; other consumer loans, including home equity loans; and personal loans. In addition, the company offers retail brokerage; retirement planning; financial planning and advisory; life insurance and investment products; ATMs, online banking and bill pay, mobile banking with mobile deposit and bill pay, automated clearing house origination, remote deposit capture, and telephone banking; debit and credit cards; wire transfer and merchant services; and wealth management services. Further, it invests in mutual funds and annuities. The company was founded in 1860 and is based in Poughkeepsie, New York. Rhinebeck Bancorp, Inc. is a subsidiary of Rhinebeck Bancorp, MHC.
Cap structure and valuation
| Cap structure | |
|---|---|
| SP | $12.35 |
| SO | 11.2M |
| Options | 0.2M |
| Warrants | 0.0M |
| FD SO | 11.4M |
| MC | $140.7M |
| Cash | $112.9M |
| Total debt | $10.3M ⚠ |
| EV | $38.1M |
| TTM Multiples | |
|---|---|
| EV / Revenue | 0.5x |
| EV / EBITDA | — |
| MC / Net Income | 14.1x |
| EV / FCF | 4.0x |
| MC / FCF | 14.7x |
| Ownership & coverage | |
|---|---|
| Institutional | 14.5% |
| Insiders | 42.9% |
| # Institutions | 70 |
| Analysts | 0 |
| Consensus | — |
| Avg target | — |
| Short % float | 4.0% |
| Days to cover | 4.15 |
MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-05-01. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-24 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-06-30; the float denominator can be unreliable on tiny floats.
Debt figure uncertain — deposit-funded financial institution — debt/EV not a meaningful metric. Verify against the filing before relying on EV.
Financial statements
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Total Revenue | 18.08 | 19.40 | 19.70 | 18.36 |
| Revenue YoY % | (1.7%) | 40.6% | 227.6% | 6.2% |
| Gross Profit | 11.44 | 12.28 | 12.32 | 11.89 |
| Gross Profit YoY % | (3.7%) | 14.1% | 104.9% | 15.3% |
| Gross Margin % | 63.3% | 63.3% | 62.5% | 64.8% |
| SG&A | 9.74 | 10.08 | 9.73 | 9.71 |
| Interest Expense | 11.19 | 11.83 | 12.04 | 11.49 |
| Pretax Income | 2.85 | 2.93 | 3.34 | 3.49 |
| Tax Provision | 0.64 | 0.59 | 0.65 | 0.76 |
| Net Income | 2.22 | 2.34 | 2.69 | 2.73 |
| Net Margin % | 12.3% | 12.0% | 13.7% | 14.8% |
| Diluted EPS | $0.20 | $0.22 | $0.25 | $0.25 |
| Basic EPS | $0.20 | $0.22 | $0.25 | $0.25 |
| Diluted Avg Shares | 11.0 | — | 11.0 | 11.0 |
| Basic Avg Shares | 10.8 | — | 10.8 | 10.8 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Total Revenue | 75.53 | 75.84 | 54.24 | 66.44 | 54.49 |
| Revenue YoY % | (0.4%) | 39.8% | (18.4%) | 21.9% | — |
| Gross Profit | 47.92 | 48.36 | 41.93 | 37.97 | 41.84 |
| Gross Profit YoY % | (0.9%) | 15.3% | 10.4% | (9.3%) | — |
| Gross Margin % | 63.4% | 63.8% | 77.3% | 57.1% | 76.8% |
| SG&A | 39.25 | 39.02 | 36.85 | 36.43 | 37.42 |
| Interest Expense | 46.55 | 46.39 | 37.70 | 22.69 | 6.76 |
| Pretax Income | 12.61 | 12.69 | (10.94) | 5.61 | 8.90 |
| Tax Provision | 2.64 | 2.64 | (2.32) | 1.22 | 1.90 |
| Net Income | 9.97 | 10.04 | (8.62) | 4.39 | 7.00 |
| Net Margin % | 13.2% | 13.2% | (15.9%) | 6.6% | 12.8% |
| Diluted EPS | $0.92 | $0.92 | -$0.80 | $0.40 | $0.64 |
| Basic EPS | $0.92 | $0.93 | -$0.80 | $0.41 | $0.65 |
| Diluted Avg Shares | 11.0 | 11.0 | 10.8 | 10.9 | 11.0 |
| Basic Avg Shares | 10.8 | 10.8 | 10.8 | 10.8 | 10.8 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Cash & Equivalents | 112.90 | 101.99 | 103.47 | 89.62 |
| Net PPE | 13.48 | 13.62 | 13.75 | 13.78 |
| Operating Lease ROU | 6.06 | 6.04 | 6.92 | 7.05 |
| Goodwill | 2.23 | 2.23 | 2.23 | 2.23 |
| Intangible Assets | 0.10 | 0.11 | 0.11 | 0.13 |
| Other Assets | 1,150.09 | 1,177.77 | 1,189.52 | 1,161.43 |
| Total Assets | 1,284.87 | 1,301.77 | 1,316.01 | 1,274.25 |
| Other Liabilities | 1,146.22 | 1,164.91 | 1,183.01 | 1,145.29 |
| Total Liabilities | 1,146.22 | 1,164.91 | 1,183.01 | 1,145.29 |
| Retained Earnings | 103.96 | 101.80 | 99.47 | 96.78 |
| Total Equity | 138.64 | 136.85 | 133.00 | 128.96 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 112.90 | 101.99 | 37.48 | 22.13 | 31.38 |
| Net PPE | 13.48 | 13.62 | 14.11 | 17.57 | 18.72 |
| Operating Lease ROU | 6.06 | 6.04 | 7.31 | 6.24 | 6.90 |
| Goodwill | 2.23 | 2.23 | 2.23 | 2.23 | 2.23 |
| Intangible Assets | 0.10 | 0.11 | 0.17 | 0.25 | 0.33 |
| Other Assets | 1,150.09 | 1,177.77 | 1,194.47 | 1,264.79 | 1,276.41 |
| Total Assets | 1,284.87 | 1,301.77 | 1,255.77 | 1,313.20 | 1,335.98 |
| Other Liabilities | 1,146.22 | 1,164.91 | 1,133.93 | 1,199.52 | 1,227.85 |
| Total Liabilities | 1,146.22 | 1,164.91 | 1,133.93 | 1,199.52 | 1,227.85 |
| Retained Earnings | 103.96 | 101.80 | 91.77 | 100.39 | 96.62 |
| Total Equity | 138.64 | 136.85 | 121.83 | 113.69 | 108.13 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Net Income | 2.22 | 2.34 | 2.69 | 2.73 |
| Stock-Based Comp | 0.01 | 0.01 | 0.01 | 0.01 |
| Δ Working Cap & Other | 1.29 | 0.43 | (0.47) | (0.31) |
| Operating Cash Flow | 3.52 | 2.77 | 2.23 | 2.43 |
| CapEx | (0.64) | (0.35) | (0.20) | (0.18) |
| Other Investing | 23.51 | 10.84 | (24.41) | 22.50 |
| Investing Cash Flow | 22.87 | 10.49 | (24.61) | 22.32 |
| Stock Buyback | (0.22) | — | — | — |
| Other Financing | (15.25) | (14.74) | 36.22 | 14.36 |
| Financing Cash Flow | (15.47) | (14.74) | 36.22 | 14.36 |
| Free Cash Flow | 2.88 | 2.42 | 2.03 | 2.25 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Net Income | 9.97 | 10.04 | (8.62) | 4.39 | 7.00 |
| D&A | — | 1.30 | 1.34 | 1.40 | 1.55 |
| Stock-Based Comp | 0.04 | 0.04 | 0.02 | 0.40 | 0.61 |
| Δ Working Cap & Other | 0.94 | 0.36 | 15.73 | 0.85 | 5.63 |
| Operating Cash Flow | 10.95 | 11.74 | 8.47 | 7.05 | 14.79 |
| CapEx | (1.37) | (0.85) | (0.79) | (0.58) | (1.13) |
| Other Investing | 32.44 | 22.01 | 75.54 | 15.28 | (122.48) |
| Investing Cash Flow | 31.07 | 21.16 | 74.75 | 14.70 | (123.61) |
| Stock Buyback | — | (0.10) | — | — | — |
| Other Financing | 20.37 | 31.69 | (67.86) | (31.00) | 68.11 |
| Financing Cash Flow | 20.37 | 31.60 | (67.86) | (31.00) | 68.11 |
| Free Cash Flow | 9.58 | 10.89 | 7.68 | 6.47 | 13.66 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Current Ratio | — | — | — | — |
| Quick Ratio | — | — | — | — |
| Debt / Equity | 8.27 | 8.51 | 8.89 | 8.88 |
| EBITDA Margin % | — | — | — | — |
| Working Capital | — | — | — | — |
| Net Debt | — | — | — | — |
| ROE % | 1.6% | 1.7% | 2.0% | 2.1% |
| ROA % | 0.2% | 0.2% | 0.2% | 0.2% |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Current Ratio | — | — | — | — | — |
| Quick Ratio | — | — | — | — | — |
| Debt / Equity | 8.27 | 8.51 | 9.31 | 10.55 | 11.36 |
| EBITDA Margin % | — | — | — | — | — |
| Working Capital | — | — | — | — | — |
| Net Debt | — | — | — | — | — |
| ROE % | 7.2% | 7.3% | (7.1%) | 3.9% | 6.5% |
| ROA % | 0.8% | 0.8% | (0.7%) | 0.3% | 0.5% |
Insider activity (last 2 years)
| Date Filed | Reporter | Relationship | Trans. Date | Code | Shares | Price | Total Value |
|---|---|---|---|---|---|---|---|
| 2026-07-23 | Loughlin Suzanne | Director | 2026-07-22 | P | 500 | $11.92 | $5,960 |
| 2026-07-23 | Loughlin Suzanne | Director | 2026-07-22 | P | 12,000 | $11.93 | $143,160 |
| 2026-07-23 | Vitale Michael | Officer (EVP, Head of Comm Banking) | 2026-07-22 | P | 5,000 | $11.94 | $59,700 |
| 2026-07-23 | Patzwahl Nancy Koskey | Director | 2026-07-22 | P | 25,000 | $11.94 | $298,500 |
| 2026-07-23 | Smith Matthew James | Director, Officer (President & CEO) | 2026-07-22 | P | 2,300 | $11.99 | $27,588 |
| 2026-07-23 | Smith Matthew James | Director, Officer (President & CEO) | 2026-07-22 | P | 10,125 | $12.00 | $121,500 |
| 2026-07-21 | Irwin William C. | Director | 2026-07-21 | A | 10,000 | $10.00 | $100,000 |
| 2026-07-21 | Garcia Freddimir | Director | 2026-07-21 | A | 500 | $10.00 | $5,000 |
| 2026-07-21 | LaFrance Shannon Martin | Director | 2026-07-21 | A | 2,700 | $10.00 | $27,000 |
| 2026-07-21 | Lekanides Phillip | Officer (SVP, Chief Accounting Officer) | 2026-07-21 | A | 500 | $10.00 | $5,000 |
| 2026-07-21 | Lekanides Phillip | Officer (SVP, Chief Accounting Officer) | 2026-07-21 | A | 1,368 | $10.00 | $13,680 |
| 2026-07-21 | McCardle James T. III | Officer (Chief Credit & Risk Officer) | 2026-07-21 | A | 2,500 | $10.00 | $25,000 |
| 2026-07-21 | Chestney Christopher W. | Director | 2026-07-21 | A | 10,000 | $10.00 | $100,000 |
| 2026-07-21 | Bloom Jamie J. | Officer (Chief Operating Officer) | 2026-07-21 | A | 1,000 | $10.00 | $10,000 |
| 2026-07-10 | Nihill Kevin M | Officer (CFO and Treasurer) | 2026-07-09 | F | (1,468) | $17.08 | -$25,073 |
| 2026-05-28 | Howell Steven E | Director | 2026-05-26 | A | 1,624 | — | $0 |
| 2026-05-28 | McCardle James T. III | Officer (Chief Credit & Risk Officer) | 2026-05-26 | A | 8,182 | — | $0 |
| 2026-05-28 | Bloom Jamie J. | Officer (Chief Operating Officer) | 2026-05-26 | A | 10,487 | — | $0 |
| 2026-05-28 | Patzwahl Nancy Koskey | Director | 2026-05-26 | A | 1,624 | — | $0 |
| 2026-05-28 | McGinnis Sharon | Director | 2026-05-26 | A | 1,624 | — | $0 |
| 2026-05-28 | Loughlin Suzanne | Director | 2026-05-26 | A | 1,624 | — | $0 |
| 2026-05-28 | LaFrance Shannon Martin | Director | 2026-05-26 | A | 1,624 | — | $0 |
| 2026-05-28 | Lekanides Phillip | Officer (SVP, Chief Accounting Officer) | 2026-05-26 | A | 3,410 | — | $0 |
| 2026-05-28 | Garcia Freddimir | Director | 2026-05-26 | A | 1,624 | — | $0 |
| 2026-05-28 | Chestney Christopher W. | Director | 2026-05-26 | A | 1,624 | — | $0 |
| 2026-05-28 | Smith Matthew James | Director, Officer (President & CEO) | 2026-05-26 | A | 17,046 | — | $0 |
| 2026-05-28 | Nihill Kevin M | Officer (CFO and Treasurer) | 2026-05-26 | A | 9,632 | — | $0 |
| 2026-05-28 | Beeler Donald E. Jr. | Director | 2026-05-26 | A | 1,624 | — | $0 |
| 2026-05-28 | Irwin William C. | Director | 2026-05-26 | A | 1,624 | — | $0 |
| 2026-05-21 | Bronzi Philip J | Officer (1st SVP, Com Mkt Pres) | 2026-05-19 | S | (4,162) | $15.91 | -$66,238 |
| 2026-05-08 | Vitale Michael | Officer (EVP, Head of Comm Banking) | 2026-04-21 | A | 9,000 | — | $0 |
| 2026-05-05 | Lekanides Phillip | Officer (SVP, Chief Accounting Officer) | 2026-05-04 | M | 500 | $6.57 | $3,285 |
| 2026-05-05 | Lekanides Phillip | Officer (SVP, Chief Accounting Officer) | 2026-05-04 | M | (500) | — | $-0 |
| 2026-04-30 | Bronzi Philip J | Officer (1st SVP, Com Mkt Pres) | 2026-04-28 | M | 7,000 | $6.57 | $45,990 |
| 2026-04-30 | Bronzi Philip J | Officer (1st SVP, Com Mkt Pres) | 2026-04-28 | F | (2,838) | $16.20 | -$45,976 |
| 2026-04-30 | Bronzi Philip J | Officer (1st SVP, Com Mkt Pres) | 2026-04-28 | M | (7,000) | — | $-0 |
| 2025-12-04 | Bronzi Philip J | Officer (Chief Lending Officer) | 2025-12-03 | S | (3,446) | $11.05 | -$38,078 |
| 2025-12-04 | Bronzi Philip J | Officer (Chief Lending Officer) | 2025-12-03 | S | (1,500) | $11.15 | -$16,725 |
| 2025-12-04 | Bronzi Philip J | Officer (Chief Lending Officer) | 2025-12-03 | S | (100) | $11.16 | -$1,116 |
| 2025-11-07 | Nihill Kevin M | Officer (CFO and Treasurer) | 2025-11-06 | P | 1,000 | $9.67 | $9,670 |
| 2025-09-11 | Quinn Michael J. | Director, Officer (President & CEO) | 2025-09-09 | M | 95,100 | $6.57 | $624,807 |
| 2025-09-11 | Quinn Michael J. | Director, Officer (President & CEO) | 2025-09-09 | F | (55,646) | $13.00 | -$723,398 |
| 2025-09-11 | Quinn Michael J. | Director, Officer (President & CEO) | 2025-09-09 | M | (95,100) | — | $-0 |
| 2025-09-03 | McCardle James T. III | Officer (Chief Credit Officer) | 2025-08-29 | S | (4,250) | $13.14 | -$55,845 |
| 2025-09-03 | McCardle James T. III | Officer (Chief Credit Officer) | 2025-08-12 | S | (685) | $12.74 | -$8,727 |
| 2025-07-11 | Nihill Kevin M | Officer (CFO and Treasurer) | 2025-07-09 | F | (1,468) | $11.99 | -$17,601 |
| 2025-02-13 | Nihill Kevin M | Officer (CFO and Treasurer) | 2025-02-13 | P | 1,000 | $10.00 | $10,000 |
| 2024-12-09 | Dwyer Francis X. | Officer (President of Subsidiary) | 2024-12-06 | M | 22,000 | $6.57 | $144,540 |
| 2024-12-09 | Dwyer Francis X. | Officer (President of Subsidiary) | 2024-12-06 | S | (14,779) | $9.78 | -$144,539 |
| 2024-12-09 | Dwyer Francis X. | Officer (President of Subsidiary) | 2024-12-06 | M | (22,000) | — | $-0 |
| 2024-12-02 | Morgan-D'Amelio Karen E. | Officer (CRO, Gen. Cnsl and Corp Sec.) | 2024-11-29 | S | (536) | $9.78 | -$5,242 |
| 2024-12-02 | Morgan-D'Amelio Karen E. | Officer (CRO, Gen. Cnsl and Corp Sec.) | 2024-11-29 | S | (1,000) | $9.86 | -$9,860 |
| 2024-11-27 | Morgan-D'Amelio Karen E. | Officer (CRO, Gen. Cnsl and Corp Sec.) | 2024-11-26 | S | (1,354) | $9.80 | -$13,269 |
| 2024-11-27 | Morgan-D'Amelio Karen E. | Officer (CRO, Gen. Cnsl and Corp Sec.) | 2024-11-26 | S | (76) | $9.81 | -$746 |
| 2024-11-26 | Dwyer Francis X. | Officer (President of Subsidiary) | 2024-11-25 | S | (250) | $9.83 | -$2,457 |