Rhinebeck Bancorp Q1 net income slips 3.1% to $2.2 million

• Rhinebeck Bancorp posted net income of $2.2 million for quarter ended March 31, 2026, down 3.1%.
• Net interest income rose 1.4% to $11.2 million, while net interest margin narrowed 2 basis points to 3.77%.
• Non-interest income fell 16.3% to $1.5 million on lower swap fee income, while non-interest expense increased 2.4% to $9.7 million.
• Total assets declined to $1.28 billion, while deposits increased to $1.1 billion.
• CEO Matthew Smith said deposits gained momentum in March, while loan production faced headwinds from competitive pricing pressure as the bank advances a pending second step conversion.

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 ACCESS Newswire (Ref. ID: 202604231625ACCESSWRNAPR_____1160458) on April 23, 2026, and is solely responsible for the information contained therein.