Rhinebeck Bancorp, Inc. Form 8-K Summary
Business Context and Reporting Period
Rhinebeck Bancorp, Inc. (RBKB), the holding company for Rhinebeck Bank, filed this Current Report on Form 8-K on August 7, 2025. The company is incorporated in Maryland and its common stock trades on The NASDAQ Stock Market, LLC.
Key Financial Metrics
This filing does not report specific financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on a corporate action regarding share repurchases.
Material Changes and Corporate Actions
Under Item 8.01 (Other Events), the Company announced the adoption of a new stock repurchase plan with the following details:
- Authorization: Up to 540,000 shares of common stock.
- Percentage of Outstanding: Approximately 5% of outstanding common stock.
- Timing: Repurchases are expected to commence after the completion of the prior plan adopted in September 2022.
- Prior Plan Status: 47,506 shares remain available for repurchase under the September 2022 plan.
- Method: Shares may be repurchased in open market or private transactions, or pursuant to a Rule 10b5-1 trading plan.
Guidance, Outlook, and Risks
The filing includes a standard note regarding forward-looking statements. Management notes that actual results may differ materially from anticipated results due to various risks, including:
- Increased competitive pressures.
- Changes in the interest rate environment.
- General economic conditions or conditions within the securities markets.
- Changes in demand for Rhinebeck Bank's products and services.
- Legislative, accounting, and regulatory changes.
Investor Verification Checklist
- Verify the exact number of shares remaining under the September 2022 repurchase plan before the new plan commences.
- Confirm the total number of outstanding shares to validate the "approximately 5%" calculation.
- Monitor future filings for the commencement date of the new repurchase program.
- Review the most recent Form 10-K and 10-Q for detailed financial condition and liquidity metrics not included in this 8-K.