Bogota Financial Corp. — Form 8-K
Filed July 30, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 32/100
What the filing says
Bogota Financial Corp. (NASDAQ: BSBK) reported net income of $1.5M ($0.12 EPS) for six months ended June 30, 2026, up from $955K ($0.08 EPS) year-ago. Total assets decreased $30.0M (3.3%) to $875.0M; deposits fell $78.2M (12.0%) to $574.2M due to $91.4M CD outflow; loans declined $10.3M (1.6%) to $637.3M. Company announced acquisition of GSL Bank (counterparty, terms not specified). Repurchased 230,544 shares at $2.0M cost under 5% authorization.
Why this rating
Earnings improvement and deposit decline routine for $50M-cap bank. GSL acquisition announcement undetailed—lacks terms, price, timeline, size. Modest year-over-year growth masks structural deposit stress.
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