Rhinebeck Bancorp Q2 FY26 net income slips 3.7% to $2.6 million

• Rhinebeck Bancorp posted Q2 net income of USD 2.6 million, down 3.7%, with diluted EPS of USD 0.24.
• Net interest income rose 1.2% to USD 11.6 million; net interest margin narrowed 19 basis points to 3.78%.
• Non-interest expense increased 3.1% to USD 10 million, while non-interest income climbed 8.8% to USD 1.7 million.
• Total assets grew 12.9% to USD 1.47 billion at June 30, driven by cash and cash equivalents up 198.6% to USD 304.6 million.
• Second-step conversion closed July 21, selling 8,880,210 shares at USD 10, generating USD 88.8 million gross; about USD 71.5 million returned after oversubscription.

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