A Business at a Glance
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Rhinebeck Bancorp, Inc. Rhinebeck Bancorp, Inc., (the “Company”) a Maryland corporation, was incorporated in August 2018. On January 16, 2019, the Company became the holding company for Rhinebeck Bank (the “Bank”) when it completed the reorganization of the Company and the Bank into a two-tier mutual holding company form of organization. The Company is regulated by the Board of Governors of the Federal Reserve System (the “Federal Reserve Board”) and the New York State Department of Financial Services (the “NYSDFS”). The consolidated financial results contained herein reflect the consolidated accounts of the Company and the Bank. At December 31, 2024, the Company had consolidated total assets of $1.26 billion, total deposits of $1.02 billion and stockholders’ equity of $121.8 million. The Company’s executive offices are located at 2 Jefferson Plaza, Poughkeepsie, New York 12601. The telephone number at this address is (845) 454-8555. Our website address is www.Rhinebeckbank.com.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 3.0M | - | 2.9M | - | - | - |
| Net Income | 5.1M | -8.6M | 4.4M | 7.0M | 12M | 5.9M |
| EPS | $0.45 | $-0.80 | $0.40 | $0.64 | $1.06 | $0.55 |
| Free Cash Flow | 12M | 7.7M | 6.5M | 14M | 5.9M | 13M |
| ROIC | 3.8% | 0.6% | 3.9% | 6.5% | 11.8% | 10.5% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.00 | 9.31 | 10.55 | 11.36 | 9.17 | 8.69 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 1.4M | 677K | 686K | 538K | 19M | 15M |
| Operating Margin | 45.9% | - | 23.8% | - | - | - |
| ROE | 3.8% | -7.3% | 3.9% | 6.5% | 9.2% | 5.1% |
| Shares Outstanding | 11M | 11M | 11M | 11M | 11M | 11M |
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | |||
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 2.8M | N/A | N/A | N/A | N/A | 2.9M | N/A | 3.0M |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EBIT | 895K | 334K | 15M | 19M | 538K | 686K | 677K | 1.4M |
| Op. Margin | 31.9% | N/A | N/A | N/A | N/A | 23.8% | N/A | 45.9% |
| Net Income | 4.4M | 6.0M | 5.9M | 12M | 7.0M | 4.4M | -8.6M | 5.1M |
| Net Margin | 155.3% | N/A | N/A | N/A | N/A | 152.6% | N/A | 169.1% |
| Non-Recurring | 111K | 0 | 13K | 17K | -38K | 46K | -18K | -18K |
| Returns on Capital | ||||||||
| ROIC | 7.4% | 5.4% | 10.5% | 11.8% | 6.5% | 3.9% | 0.6% | 3.8% |
| ROE | 7.4% | 5.4% | 5.1% | 9.2% | 6.5% | 3.9% | -7.3% | 3.8% |
| ROA | 0.5% | 0.6% | 0.5% | 0.9% | 0.5% | 0.3% | -0.7% | 19.1% |
| Cash Flow | ||||||||
| Op. Cash Flow | 8.6M | 12M | 15M | 7.7M | 15M | 7.0M | 8.5M | 13M |
| Free Cash Flow | 7.5M | 9.5M | 13M | 5.9M | 14M | 6.5M | 7.7M | 12M |
| Owner Earnings | 7.5M | 11M | 13M | 5.5M | 13M | 5.2M | 7.1M | 11M |
| CapEx | 1.1M | 2.6M | 1.9M | 1.8M | 1.1M | 578K | 791K | 866K |
| Maint. CapEx | 1.1M | 1.3M | 1.4M | 1.6M | 1.6M | 1.4M | 1.3M | 1.3M |
| Growth CapEx | 0 | 1.3M | 488K | 214K | 0 | 0 | 0 | 0 |
| D&A | 1.1M | 1.3M | 1.4M | 1.6M | 1.6M | 1.4M | 1.3M | 1.3M |
| CapEx/OCF | N/A | 21.4% | 12.6% | 23.2% | 7.7% | 8.2% | 9.3% | 6.9% |
| Capital Allocation | ||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | N/A | N/A | 217K | 618K | 615K | 396K | 19K | 19K |
| Debt Repayment | 0 | 0 | 11M | 16M | 35M | 29M | 34M | 34M |
| Balance Sheet | ||||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0 |
| Cash & Equiv. | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt/Equity | 13.89 | 7.86 | 8.69 | 9.17 | 11.36 | 10.55 | 9.31 | 0.00 |
| Interest Coverage | 0.2 | 0.0 | 1.9 | 4.5 | 0.1 | 0.0 | 0.0 | 0.0 |
| Equity | 59M | 110M | 116M | 126M | 108M | 114M | 122M | 133M |
| Total Assets | 882M | 974M | 1.1B | 1.3B | 1.3B | 1.3B | 1.3B | 26M |
| Total Liabilities | 823M | 864M | 1.0B | 1.2B | 1.2B | 1.2B | 1.1B | 253M |
| Intangibles | 1.7M | 1.7M | 1.6M | 2.7M | 2.6M | 2.5M | 2.4M | 2.4M |
| Retained Earnings | 66M | 72M | 78M | 90M | 97M | 100M | 92M | 92M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | ||||||||
| EPS | 0.39 | 0.56 | 0.55 | 1.06 | 0.64 | 0.40 | -0.80 | 0.45 |
| Owner EPS | 0.67 | 1.02 | 1.23 | 0.50 | 1.15 | 0.48 | 0.66 | 1.00 |
| Book Value | 5.32 | 10.32 | 10.83 | 11.55 | 9.89 | 10.35 | 11.31 | 11.93 |
| Cash Flow/Share | 0.77 | 1.14 | 1.38 | 0.70 | 1.35 | 0.64 | 0.79 | 0.57 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 11.1M | 10.6M | 10.8M | 10.9M | 10.9M | 11.0M | 10.8M | 11.1M |
| Valuation | ||||||||
| P/E Ratio | N/A | 20.0 | 15.5 | 10.1 | 14.2 | 20.1 | N/A | 34.8 |
| P/FCF | N/A | 12.5 | 7.1 | 19.9 | 7.3 | 13.6 | 13.5 | 14.9 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 127.0 |
| Price/Book | N/A | 1.1 | 0.8 | 0.9 | 0.9 | 0.8 | 0.9 | 1.3 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | 28.3 | N/A | 58.3 |
| FCF Yield | N/A | 8.0% | 14.1% | 5.0% | 13.8% | 7.3% | 7.4% | 6.7% |
| Market Cap | N/A | 119M | 92M | 117M | 99M | 88M | 104M | 174M |
| Avg. Price | N/A | 11.12 | 7.80 | 10.41 | 9.89 | 7.42 | 8.51 | 15.64 |
| Year-End Price | N/A | 11.18 | 8.53 | 10.71 | 9.08 | 8.02 | 9.63 | 15.64 |
Rhinebeck Bancorp, Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
Rhinebeck Bancorp, Inc. trades at 34.8x trailing earnings, compared to its 15-year median P/E of 15.5x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 14.9x vs a median of 13.0x. The company's 5-year average ROIC is 6.6%. At current prices, the estimated annualized return to fair value is -7.6%.
Rhinebeck Bancorp, Inc. (RBKB) has a current P/E ratio of 34.8, compared to its historical median P/E of 15.5. The stock is currently considered Expensive based on its historical valuation range.
Rhinebeck Bancorp, Inc. (RBKB) has a 5-year average return on invested capital (ROIC) of 6.6%. This is below average and may indicate limited pricing power.
Rhinebeck Bancorp, Inc. (RBKB) has a market capitalization of $174M. It is classified as a small-cap stock.
Rhinebeck Bancorp, Inc. (RBKB) does not currently pay a regular dividend.
Based on historical P/E analysis, Rhinebeck Bancorp, Inc. (RBKB) appears expensive. The current P/E of 34.8 is 124% above its historical median of 15.5. The estimated fair value CAGR (P/E method) is -5.7%.
Rhinebeck Bancorp, Inc. (RBKB) operates in the Savings Institutions, Not Federally Chartered industry, within the Financials sector.
Rhinebeck Bancorp, Inc. (RBKB) generated $8 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Rhinebeck Bancorp, Inc. (RBKB) has a debt-to-equity ratio of 9.31. This indicates higher leverage, which may increase financial risk.
Rhinebeck Bancorp, Inc. (RBKB) reported earnings per share (EPS) of $-0.80 in its most recent fiscal year.
Rhinebeck Bancorp, Inc. (RBKB) has a return on equity (ROE) of -7.3%. A negative ROE may indicate losses or negative equity.
The Ledger Terminal provides 7 years of financial data for Rhinebeck Bancorp, Inc. (RBKB), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Rhinebeck Bancorp, Inc. (RBKB) has a book value per share of $11.31, based on its most recent annual SEC filing.