Rhinebeck Bancorp inc (RBKB)
Sector • Financial Industry • Regional Banks |
Industry • Regional Banks |
Sector • Financial |
Revenues fall back in double digits at Rhinebeck Bancorp Inc during the October to December 31 2022 period
RBKB announced fourth quarter of 2022 operating profit of $1.156 millions
Published Mar 25 2023
CSIMarket Team / CSIMarket.com
Revenue reduction of -21.114 % caused slump in earnings by -72.96 % for the October to December 31 2022 period. RBKB posted results of $10.75 millions in Revenue this compares to $13.63 millions a year prior and eps of $0.07 per share compared to 0.27 in the previous year.
In contrast to the Q3 Revenue deteriorated by -9.982 % from $11.94 millions and profit plummeted by -61.58 % from $0.19 per share.
Earnings of $0.808 millions in the fiscal period closing December 31 2022 fell by -72.95 % from $2.987 millions in the corresponding period a year before. Looking further into fiscal period closing December 31 2022 Rhinebeck Bancorp Inc 's profitability, operating margin mitigated to 10.75%, and net margin shrank to 7.52%.
Operating earnings, fell -71.67% to $1.156 millions, squeezing Rhinebeck Bancorp Inc 's operating margin to 10.75%, from 29.95% in the fourth quarter of 2021. Looking further into company's reports for the fiscal 12 Months 2022, Rhinebeck Bancorp Inc announced Revenues of $46.32 millions and net income of $7.00 millions.
Regional Banks company noticed as well, that earnings deteriorated by -39.62 % to $0.64 per share from $1.06 in the previous fiscal 12 Months , and contributedRevenue deteriorated by -8.29 % from $50.50 millions a year prior.
Rhinebeck Bancorp Inc is expected to report next financial results on May 11, 2023.
In contrast to the Q3 Revenue deteriorated by -9.982 % from $11.94 millions and profit plummeted by -61.58 % from $0.19 per share.
Earnings of $0.808 millions in the fiscal period closing December 31 2022 fell by -72.95 % from $2.987 millions in the corresponding period a year before. Looking further into fiscal period closing December 31 2022 Rhinebeck Bancorp Inc 's profitability, operating margin mitigated to 10.75%, and net margin shrank to 7.52%.
Operating earnings, fell -71.67% to $1.156 millions, squeezing Rhinebeck Bancorp Inc 's operating margin to 10.75%, from 29.95% in the fourth quarter of 2021. Looking further into company's reports for the fiscal 12 Months 2022, Rhinebeck Bancorp Inc announced Revenues of $46.32 millions and net income of $7.00 millions.
Regional Banks company noticed as well, that earnings deteriorated by -39.62 % to $0.64 per share from $1.06 in the previous fiscal 12 Months , and contributedRevenue deteriorated by -8.29 % from $50.50 millions a year prior.
Rhinebeck Bancorp Inc is expected to report next financial results on May 11, 2023.