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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


interior_Joe_Mabel_[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_CommonsRevenue 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.



Rhinebeck Bancorp Inc's Inventory Turnover Ratio

Rhinebeck Bancorp Inc's ROE



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