• 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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rhinebeck Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001751783-26-000040), on August 13, 2026, and is solely responsible for the information contained therein.