Rhinebeck Bancorp, Inc. — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 72/100
What the filing says
On July 21, 2026, Rhinebeck Bancorp completed its second-step conversion from mutual holding company to stock form, selling 8,880,210 shares at $10.00/share for $88.8M gross proceeds (net capital raised $85.6M). Q3 2026 net income rose 17.0% YoY to $3.2M ($0.21/share); 9M 2026 net income increased 3.6% to $8.0M ($0.53 basic/$0.52 diluted). Stockholders' equity increased 61.4% to $220.8M; tangible book value per share rose from $8.64 to $13.98.
Why this rating
Major capital raise ($85.6M net) is ~62% of $137.8M pre-conversion equity—transformational for $45M market cap company. Strong execution on strategic milestone with earnings growth and improved capital position.
Price action (we called it positive)
before filing · preread $12.85 | at our read pending | +10 min pending | +30 min pending | +1 hr pending | +4 hrs pending |
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