Rhinebeck Bancorp (RBKB) investor relations material

Executive summary

• Completed a second-step conversion and public stock offering in July 2026, raising $88.8 million and increasing shares outstanding to 15.6 million.

• Net income for Q2 2026 was $2.6 million ($0.24 per share), with six-month net income of $4.8 million; both figures declined modestly year-over-year.

• Total assets grew 12.9% to $1.47 billion as of June 30, 2026, driven by higher cash and deposit inflows.

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

Financial highlights

• Cash and cash equivalents rose 198.6% to $304.6 million, mainly from stock subscriptions and deposit growth.

• Net interest income for Q2 2026 was $11.6 million, up 1.2% year-over-year; net interest margin declined to 3.78%.

• Non-interest income for Q2 2026 was $1.7 million, up 8.8% year-over-year; non-interest expense rose 3.1% to $10.0 million.

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

• Available-for-sale securities increased 5.7% to $171.4 million; net loans receivable decreased 3.7% to $918.5 million.

Outlook and guidance

• The capital raised will support future loan growth, branch expansion, product enhancements, and general corporate purposes.

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

• Continued focus on managing credit risk, liquidity, and capital deployment.