Rhinebeck Bancorp, Inc. Reports Results for the Quarter and Year Ended December 31, 2023 [Yahoo! Finance]
Rhinebeck Bancorp, Inc. (RBKB)
Company Research
Source: Yahoo! Finance
Bank (the "Bank"), reported net income for the three months ended December 31, 2023 of $930,000 ($0.09 per basic and diluted share), which was $122,000, or 15.1%, higher than the comparable prior year period. Net income for the year ended December 31, 2023 of $4.4 million ($0.41 per basic and $0.40 per diluted share) was $2.6 million, or 37.2%, less than the prior year. The increase in net income for the quarter ended December 31, 2023 was primarily due to an increase in non-interest income and decreases in the provision for credit losses and non-interest expenses, partially offset by a decrease in net interest income as compared to the quarter ended December 31, 2022. The decrease in net income for the year ended December 31, 2023 was primarily due to a decrease in net interest income and an increase in the provision for credit losses, partially offset by a decrease in operating expenses. The Company's return on average assets and return on average equity were 0.28% and 3.43% for t
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Sec Filings
- 4/25/24 - Form 8-K
- 4/19/24 - Form 8-K
- 4/18/24 - Form DEFA14A
- RBKB's page on the SEC website