RBKB Stock Earnings: Rhinebeck Bancorp Reported Results for Q2 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 26 2024
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Source: Business Insider
Earnings Report: Rhinebeck Bancorp (NASDAQ:RBKB) announced its Q2 2024 results, reporting earnings per share of 9 cents and revenue of $10.65 million.
Automated Coverage: InvestorPlace Earnings utilizes TradeSmith data to provide automated coverage of quarterly earnings reports, ensuring timely delivery of key financial figures without human intervention.
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Analyst Views on RBKB
About RBKB
Rhinebeck Bancorp, Inc. is a holding company for Rhinebeck Bank (the Bank). The Bank provides a full range of banking and financial services to consumer and commercial customers through approximately 13 branches and one representative office located in Dutchess, Ulster and Orange counties. The Bank’s primary business activity is accepting deposits from the public and using those funds, primarily to originate indirect automobile loans (automobile loans referred to as automobile dealerships), commercial real estate loans (which include multi-family real estate loans and commercial construction loans), commercial business loans and one-to four-family residential real estate loans, and to purchase investment securities. The Bank offers various deposit accounts, including savings accounts, certificates of deposit, money market accounts, commercial and personal checking accounts, and others. It also offers alternative delivery channels, including online banking and bill pay.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Rhinebeck Bancorp Reports Q4 Earnings Highlights
- Earnings Per Share: Rhinebeck Bancorp reported a Q4 GAAP EPS of $0.21, indicating stable profitability which may bolster investor confidence in the company's financial health.
- Revenue Growth: The company achieved revenue of $13.51 million in Q4, reflecting a positive trend in business expansion and market demand compared to the previous year.
- Upgrade Potential: Seeking Alpha's Quant Rating suggests that Rhinebeck Bancorp may be poised for an upgrade, indicating optimistic market expectations for its future performance.
- Financial Transparency: The financial information released by the company provides investors with a clear overview of its performance, enhancing market trust in its financial stability.
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RBKB Stock Earnings: Rhinebeck Bancorp Reported Results for Q2 2024
Earnings Report: Rhinebeck Bancorp (NASDAQ:RBKB) announced its Q2 2024 results, reporting earnings per share of 9 cents and revenue of $10.65 million.
Automated Coverage: InvestorPlace Earnings utilizes TradeSmith data to provide automated coverage of quarterly earnings reports, ensuring timely delivery of key financial figures without human intervention.
Continue Reading