Rhinebeck Bancorp (RBKB) investor relations material

Executive summary

• Q3 2026 net income rose 17.0% YoY to $3.2M, with diluted EPS of $0.21 vs. $0.18; 9M net income increased 3.6% to $8.0M, with diluted EPS of $0.52 vs. $0.50.

• Q3 net interest income grew 8.1% YoY and 9M net interest income rose 3.7%, while net interest margin contracted 14 bps and 12 bps, respectively.

• The July second-step conversion raised $88.8M gross and strengthened liquidity and capital; total assets reached $1.51B and stockholders’ equity $220.8M at September 30, 2026.

Financial highlights

• Q3 net interest income was $13.0M vs. $12.0M YoY; 9M net interest income was $35.8M vs. $34.6M.

• Q3 provision for credit losses was $778K vs. $904K; 9M provision was $838K vs. $1.2M, reflecting lower net charge-offs.

• Q3 non-interest income rose 6.5% to $2.1M, including a $318K life-insurance gain; 9M non-interest income declined 0.3% to $5.3M.

• Q3 non-interest expense increased 6.0% to $10.3M; 9M expense rose 3.8% to $30.1M, mainly from higher compensation and operating costs.

• Total assets grew 16.1% from year-end 2025 to $1.51B; loans declined 0.9% to $944.5M.

Outlook and guidance

• Conversion proceeds are intended to support loan growth, branch-network expansion, enhanced products and services, and general corporate purposes.

• Priorities include expanding commercial banking and digital capabilities, deepening client relationships, diversifying funding, and pursuing profitable growth; capital may also support dividends and potential M&A.