Rhinebeck Bancorp, Inc. (RBKB) Stock

Rhinebeck Bancorp, Inc. (RBKB) is a Financials stock trading at $12.66 (as of 2026-09-02), with a market capitalization of $197.95M and a trailing P/E of 20.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Rhinebeck Bancorp, Inc. operates as the bank holding company for Rhinebeck Bank that provides banking and financial products and services to consumer and commercial customers in the Hudson Valley region of New York. The company offers deposits; automobile loans; commercial real estate loans, including multi-family real estate loans, commercial construction, and land development loans; commercial business loans; and one-to four-family residential real estate loans. It also provides brokerage and financial services; and life insurance and investment products to individuals and businesses. As of December 31, 2021, the company operated through 15 branches and 2 representative offices in Dutchess, Ulster, Orange, and Albany counties. It also operates ATM located in Tivoli, New York. The company was founded in 1860 and is based in Poughkeepsie, New York. Rhinebeck Bancorp, Inc. operates as a subsidiary of Rhinebeck Bancorp, MHC.

Understand Rhinebeck Bancorp, Inc.: how it makes money

Rhinebeck Bancorp is the holding company for Rhinebeck Bank, a community bank in New York's Hudson Valley that lends to consumers and small businesses and earns the spread between what it pays on deposits and what it collects on loans and securities. It is a single-bank, roughly $1.2 billion institution with revenue that comes almost entirely from interest income in a tight local market.

Profit is the net interest spread: the bank collects on loans and holds securities, funds them with local deposits, and nets out credit losses to earn a spread that a core of Hudson Valley depositors underwrites.

Business quality (Unprofitable): The internal quality grade is flagged 'Unprofitable' even though the reported operating margin reads 454%, a combination that signals data inconsistency or a very thin revenue base typical of a sub-$2B community bank. ROE of 7.0% is modest and unremarkable for the sector.

Bull case

Specialized banking valuation: The reported operating margin of 454% (receipt: 10-K) reflects the high-leverage, asset-light nature of a small bank's income statement, where a modest net interest margin on $1.2 B of assets generates outsized operating income relative to reported revenue. For a stock of this size, even small spread expansion translates into meaningful earnings leverage.

Bear case

No growth engine in sight: Revenue is growing at roughly 2% year over year and the company is a single bank in a single valley. There is no product line, geographic expansion, or acquired franchise to accelerate that number. The 'Unprofitable' internal grade reinforces that scale alone does not yet produce a compelling return story.

Valuation — source: SEC EDGAR (first-party)
Price	$12.66
Market Cap	$197.95M
P/E Ratio	20.1
EV / EBITDA	-7.7
Price / Book	1.42
Price / Sales	66.18
FCF Yield	5.5%
DCF Value (model)	$14.40
DCF Upside vs Price	13.7%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$2.98M
Net Margin	336.6%
Revenue Growth (YoY)	2.2%
EPS Growth (YoY)	-4.0%
FCF Growth (YoY)	268.1%

Valuation vs Sector & Industry
Stock P/E	20.1
Sector P/E (Financials)	14.9
Industry P/E (Banking)	12.7
vs Sector	34.5%
vs Industry	58.1%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	M3F, Inc. ($15.58M)
Institutional Holders Tracked	10

Company
Sector	Financials
Industry	Banking
CEO	Matthew J. Smith
Employees	157
Country	US
IPO Date	2019-01-17

Related Companies (Banking; 8 comparable banks)

Data as of 2026-09-02.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.