Rhinebeck Bancorp, Inc. Reports Results for the Three and Nine Months Ended September 30, 2022

POUGHKEEPSIE, N.Y., Oct. 27, 2022 /PRNewswire/ -- Rhinebeck Bancorp, Inc. (the "Company") (NASDAQ: RBKB), the holding company of Rhinebeck Bank (the "Bank"), reported net income for the three months ended September 30, 2022 of $2.1 million ($0.19 per basic and diluted share), which was $578,000, or 21.5%, less than the comparable prior year period. Net income for the nine months ended September 30, 2022 of $6.2 million ($0.57 per basic and $0.56 per diluted share) was $2.4 million, or 27.8%, less than the same period last year. 

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