Rhinebeck Bancorp, Inc. RBKB
Rhinebeck Bancorp, Inc.
Rhinebeck Bancorp, Inc., (the "Company") a Maryland corporation, was incorporated in August 2018. On January 16, 2019, the Company became the holding company for Rhinebeck Bank (the "Bank") when it completed the reorganization of the Company and the Bank into a two-tier mutual holding company form of organization. The Company is regulated by the Board of Governors of the Federal Reserve System (the "Federal Reserve Board") and the New York State Department of Financial Services (the "NYSDFS"). The consolidated financial results contained herein reflect the consolidated accounts of the Company and the Bank.
Rhinebeck Bancorp, MHC, a New York-chartered non-stock corporation, is a mutual holding company that owns 57.0% of the outstanding common stock of Rhinebeck Bancorp, Inc.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.0M | $3.0M | $2.9M | $2.8M | $2.6M | $2.3M | $2.8M | $2.8M | $2.4M | — |
| Interest expense | $46.4M | $37.7M | $38.0M | $6.8M | $4.3M | $8.0M | $8.7M | $5.3M | $3.3M | — |
| Pre-tax income | $12.7M | -$10.9M | $5.6M | $8.9M | $15.0M | $7.5M | $7.5M | $5.4M | $6.6M | — |
| Income tax | $2.6M | $2.3M | $1.2M | $1.9M | $3.4M | $1.6M | $1.5M | $1.0M | $3.6M | — |
| Net income | $10.0M | -$8.6M | $4.4M | $7.0M | $11.6M | $5.9M | $6.0M | $4.4M | $3.0M | — |
| EPS, basic | 0.93 | -0.80 | 0.41 | 0.65 | 1.07 | 0.55 | 0.56 | — | — | — |
| EPS, diluted | 0.92 | -0.80 | 0.40 | 0.64 | 1.06 | 0.55 | 0.56 | — | — | — |
| Shares, diluted (wtd. avg.) | $11.0M | $10.8M | $10.9M | $11.0M | $11.0M | $10.7M | $10.7M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $102.0M | $37.5M | $22.1M | $31.4M | $72.1M | $93.5M | $12.0M | $50.6M | $10.5M | $13.0M |
| Property, plant and equipment | $13.6M | $14.1M | $17.6M | $18.7M | $19.2M | $18.8M | $18.3M | $17.0M | $17.0M | — |
| Goodwill | $2.2M | $2.2M | $2.2M | $2.2M | $2.2M | $1.4M | $1.4M | $1.4M | $1.5M | $2.8M |
| Other intangibles | $106.0K | $166.0K | $246.0K | $334.0K | $433.0K | $199.0K | $241.0K | $284.0K | $326.0K | $727.0K |
| Total assets | $1.30B | $1.26B | $1.31B | $1.34B | $1.28B | $1.13B | $973.9M | $882.4M | $742.1M | — |
| Total liabilities | $1.16B | $1.13B | $1.20B | $1.23B | $1.16B | $1.01B | $864.1M | $823.1M | $687.1M | — |
| Retained earnings | $101.8M | $91.8M | $100.4M | $96.6M | $89.6M | $78.1M | $72.2M | $66.2M | $61.8M | — |
| Total equity | $136.9M | $121.8M | $113.7M | $108.1M | $126.0M | $116.5M | $109.9M | $59.3M | $55.0M | $52.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $11.7M | $8.5M | $7.0M | $14.8M | $7.7M | $14.8M | $12.1M | $8.6M | $5.4M | — |
| Depreciation and amortisation | $1.3M | $1.3M | $1.4M | $1.6M | $1.6M | $1.4M | — | — | — | — |
| Stock-based compensation | $39.0K | $19.0K | $396.0K | $615.0K | $618.0K | $217.0K | — | — | — | — |
| Capital expenditure | $850.0K | $791.0K | $578.0K | $1.1M | $1.8M | $1.9M | $2.6M | $1.1M | $697.0K | — |
| Investing cash flow | $21.2M | $74.7M | $14.7M | -$123.6M | -$135.7M | -$74.1M | -$132.1M | -$104.1M | -$24.0M | — |
| Financing cash flow | $31.6M | -$67.9M | -$31.0M | $68.1M | $106.7M | $140.8M | $81.4M | $135.6M | $16.1M | — |
| Buybacks | $95.0K | — | — | — | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001751783-26-000005.
Others in SIC 6036
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| FLG | FLAGSTAR BANK, NATIONAL ASSOCIATION | $5.61B | — | -25.0% |
| BBT | Beacon Financial Corp | $2.67B | 31.0x | 81.1% |
| HFWA | HERITAGE FINANCIAL CORP /WA/ | $1.20B | 14.9x | 1.5% |
| NBBK | NB Bancorp, Inc. | $1.01B | 17.3x | 14.8% |
| SMBC | SOUTHERN MISSOURI BANCORP, INC. | $817.0M | 14.3x | 11.7% |
| TCBX | Third Coast Bancshares, Inc. | $767.0M | 12.2x | — |
| GCBC | GREENE COUNTY BANCORP INC | $607.0M | 19.5x | 13.5% |
| HBCP | HOME BANCORP, INC. | $553.8M | 12.0x | 4.9% |