Filing Flows › Rhinebeck Bancorp (RBKB) › Q1 2025
Rhinebeck Bancorp (RBKB) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 13, 2025
Rhinebeck Bancorp (RBKB) reported revenue of $12.8M for the first quarter 2025 (Q1 2025), +23% from a year earlier and +72% from the quarter before. Operating margin was 22.9%, net earnings $2.3M (17.9% of revenue).
Rhinebeck Bancorp, Q1 2025: revenue $12.8M (+23% year over year), operating margin 22.9%, net earnings $2.3M, operating cash flow $4.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.8M | +72% | +23% |
| Operating profit | $2.9M | — | +103% |
| Net earnings | $2.3M | — | +104% |
| Operating cash flow | $4.3M | +21% | — |
| Free cash flow | $4.2M | +31% | — |
What changed
Revenue was $12.8M in Q1 2025, up 23% year over year and up 72% from the previous quarter.
Operating profit was $2.9M, a 22.9% margin (up 9.0 points year over year). Of the extra revenue versus a year earlier, 62% reached operating profit, above the 14% margin then. Total costs grew 10% against revenue growth of 23%. The fastest-growing cost line was Credit loss provision (+325%). Net earnings were $2.3M, up 104% year over year. The effective tax rate was 21.8%.
Operating cash flow was $4.3M, 189% of net earnings. Non-cash charges added back $9K of share-based compensation. Working capital and other items added $2.0M. Capital expenditures of $116K left free cash flow of $4.2M.
Questions
What was Rhinebeck Bancorp's revenue in the first quarter 2025?
Rhinebeck Bancorp (RBKB) reported revenue of $12.8M for the first quarter 2025 (Q1 2025), +23% from a year earlier and +72% from the quarter before.
Was Rhinebeck Bancorp profitable in the first quarter 2025?
Operating profit was $2.9M (22.9% of revenue) and net earnings $2.3M.
Source: Rhinebeck Bancorp 10-Q on SEC EDGAR.