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Rhinebeck Bancorp inc   (RBKB)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

RBKB's Net Income Growth by Quarter and Year

Rhinebeck Bancorp Inc 's Net Income results by quarter and year




RBKB Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December - 0.81 2.99 2.34
III Quarter September 1.24 2.11 2.69 1.15
II Quarter June 1.43 2.03 2.57 1.35
I Quarter March 0.80 2.05 3.32 1.08
FY   3.47 7.00 11.57 5.92



RBKB Net Income third quarter 2023 Y/Y Growth Comment
Rhinebeck Bancorp Inc reported fall in Net Income in the third quarter 2023 by -41.42% to $ 1.24 millions, from the same quarter in 2022.
The drop in the third quarter 2023 Rhinebeck Bancorp Inc 's Net Income compares unfavorably to the Company's average Net Income rise of 31.54%.

Looking into third quarter 2023 results within Regional Banks industry 97 other companies have achieved higher Net Income growth. While Rhinebeck Bancorp Inc ' s Net Income drop of -41.42% ranks overall at the positon no. 901 in the third quarter 2023.




RBKB Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December - -72.91 % 27.78 % 34.48 %
III Quarter September -41.42 % -21.56 % 133.91 % -44.98 %
II Quarter June -29.56 % -21.01 % 90.37 % 10.66 %
I Quarter March -60.98 % -38.25 % 207.41 % 18.68 %
FY   - -39.5 % 95.44 % -0.67 %

Financial Statements
Rhinebeck Bancorp Inc 's third quarter 2023 Net Income $ 1.24 millions RBKB's Income Statement
Rhinebeck Bancorp Inc 's third quarter 2022 Net Income $ 2.11 millions Quarterly RBKB's Income Statement
New: More RBKB's historic Net Income Growth >>


RBKB Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December - -61.61 % 11.15 % 103.48 %
III Quarter September -13.57 % 3.94 % 4.67 % -14.81 %
II Quarter June 78.75 % -0.98 % -22.59 % 25 %
I Quarter March -1.23 % -31.44 % 41.88 % -37.93 %
FY (Year on Year)   - -39.5 % 95.44 % -0.67 %




Net Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #98
Financial Sector #261
Overall #901

Net Income Y/Y Growth Statistics
High Average Low
193.34 % 31.54 % -53.43 %
(Jun 30 2020)   (Sep 30 2023)
Net Income third quarter 2023 Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry #98
Financial Sector #261
Overall #901
Net Income Y/Y Growth Statistics
High Average Low
193.34 % 31.54 % -53.43 %
(Jun 30 2020)   (Sep 30 2023)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

Rhinebeck Bancorp Inc 's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
103.83 % 9.66 % -61.65 %
(Dec 31 2020)  


RBKB's III. Quarter Q/Q Net Income Comment
In the III. Quarter 2023 Rhinebeck Bancorp Inc disclosed drop in Net Income from the previous quarter by -13.57% to $ 1.24 millions, from $ 1.43 millions released a quarter before.

Even seasonal circumstance which normally elevate III. Quarter 2023 results, have not recover the III. Quarter for the Rhinebeck Bancorp inc , Noah  Jones, market contributor from Birmingham pointed out, he mentioned certan caution conserning RBKB's outlook.

Within Regional Banks industry 124 other companies have achieved higher Net Income quarter on quarter growth. While Rhinebeck Bancorp Inc 's Net Income growth quarter on quarter, overall rank is 1158.


Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #125
Financial Sector #382
Overall #1158
Net Income Q/Q Growth Company Ranking
Within: No.
Regional Banks Industry #125
Financial Sector #382
Overall #1158
Net Income Q/Q Growth Statistics
High Average Low
103.83 % 9.66 % -61.65 %
(Dec 31 2020)  


RBKB's III. Quarter Q/Q Net Income Comment
In the III. Quarter 2023 Rhinebeck Bancorp Inc disclosed drop in Net Income from the previous quarter by -13.57% to $ 1.24 millions, from $ 1.43 millions declared in the previous reporting period.

Albeit cyclical influence normally energize III. Quarter 2023 results, it simply has not been sufficient to recover Rhinebeck Bancorp Inc 's performance, Noah  Jones, market contributor from Birmingham said and continued that average sequential Net Income growth is at 9.66% for RBKB.

Within Regional Banks industry 124 other companies have achieved higher Net Income quarter on quarter growth. While Rhinebeck Bancorp Inc 's Net Income growth quarter on quarter, overall rank is 1158.


Rhinebeck Bancorp Inc 's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
Cumulative Net Income 12 Months Ending $ 4.27 $ 5.14 $ 5.74 $ 7.00 $ 9.18
Y / Y Net Income Growth (TTM) -53.43 % -47.26 % -44.2 % -39.46 % -15.93 %
Year on Year Net Income Growth Overall Ranking # 1304 # 796 # 505 # 0 # 1266
Seqeuential Net Income Change (TTM) -16.93 % -10.41 % -17.94 % -23.75 % -5.93 %
Seq. Net Income Growth (TTM) Overall Ranking # 1137 # 944 # 1019 # 0 # 1620




Cumulative Net Income growth Comment
Rhinebeck Bancorp Inc 's cumulative 12 months Net Income continue to drop, but on the faster rate at -53.43% year on year, at Sep 30 2023 compare to the -47.26% decrease at Jun 30 2023. If the Rhinebeck Bancorp Inc 's fiscal year would end at Sep 30 2023, annual Net Income would be $4 millions.

In the Financial sector 389 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 796 to 1304.

Net Income TTM Q/Q Growth Statistics
High Average Low
193.34 %
31.54 %
-53.43 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 126
Financial Sector # 390
Overall # 1304

Net Income TTM Y/Y Growth Statistics
High Average Low
193.34 %
31.54 %
-53.43 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 126
Sector # 332
S&P 500 # 1137
Cumulative Net Income growth Comment
Rhinebeck Bancorp Inc 's cumulative 12 months Net Income continue to drop, but on the faster rate at -53.43% year on year, at Sep 30 2023 compare to the -47.26% decrease at Jun 30 2023. If the Rhinebeck Bancorp Inc 's fiscal year would end at Sep 30 2023, annual Net Income would be $4 millions.

In the Financial sector 389 other companies have achieved higher trailing twelve month Net Income growth. While Net Income growth total ranking has deteriorated compare to previous quarter from 796 to 1304.

Net Income TTM Q/Q Growth Statistics
High Average Low
193.34 %
31.54 %
-53.43 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
Regional Banks Industry # 126
Financial Sector # 390
Overall # 1304

Net Income TTM Y/Y Growth Statistics
High Average Low
193.34 %
31.54 %
-53.43 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 126
Sector # 332
S&P 500 # 1137




Other Net Income Growth
Regional Banks Industry Net Income Growth Trends and Statistics
Financial Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
RBKB's Net Income Growth Ratio versus Regional Banks Industry, Financial Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for RBKB's Competitors
Net Income Growth for Rhinebeck Bancorp Inc 's Suppliers
Net Income Growth for RBKB's Customers

You may also want to know
RBKB's Annual Growth Rates RBKB's Profitability Ratios RBKB's Asset Turnover Ratio RBKB's Dividend Growth
RBKB's Roe RBKB's Valuation Ratios RBKB's Financial Strength Ratios RBKB's Dividend Payout Ratio
RBKB's Roa RBKB's Inventory Turnover Ratio RBKB's Growth Rates RBKB's Dividend Comparisons



Companies with similar Net Income drop for the quarter ending Sep 30 2023 within Financial SectorY/Y Change %Net Income for the quarter ending Sep 30 2023
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Crossfirst Bankshares inc -1.75%$ -1.750 millions
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California Bancorp-2.19%$ -2.191 millions
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Stonex Group Inc -3.06%$ -3.059 millions
Webster Financial Corporation-3.20%$ -3.203 millions
Lamar Advertising Co-3.88%$ -3.882 millions
Diamondrock Hospitality Co-4.29%$ -4.290 millions
Csb Bancorp Inc-4.63%$ -4.630 millions
Silvercrest Asset Management Group Inc -4.66%$ -4.661 millions
Alerus Financial Corporation-4.76%$ -4.761 millions
New Peoples Bankshares Inc -4.83%$ -4.834 millions
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