Rhinebeck Bancorp (RBKB) investor relations material

Executive summary

• Net income for Q2 2026 was $2.6 million ($0.24 per share), down 4.0% year-over-year; six-month net income was $4.8 million, down 3.6% year-over-year.

• Second-step conversion completed in July 2026, raising $88.8 million in gross proceeds and increasing shares outstanding to 15.6 million.

• Management emphasized progress in repositioning for sustainable growth, improved past-due loans, and prudent capital deployment.

Financial highlights

• Net interest income rose 1.2% year-over-year for Q2 and 1.3% for the six months, driven by higher interest-earning assets and lower liability costs.

• Non-interest income increased 8.8% year-over-year for Q2, but decreased 4.3% for the six months due to lower other non-interest income and gains on loan sales.

• Non-interest expense increased 3.1% for Q2 and 2.8% for the six months, mainly from higher salaries, benefits, and data processing costs.

• Total assets grew 12.9% to $1.47 billion since year-end, mainly from stock subscription funds.

• Deposits increased $185.6 million (16.9%) to $1.28 billion, including $156 million in stock subscriptions.

Outlook and guidance

• Management plans to deploy new capital to expand commercial banking, retail, and digital deposit initiatives, and invest in infrastructure for sustainable growth.