Bogota Financial Corp. — Form 8-K
Filed October 30, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Bogota Financial Corp. (NASDAQ: BSBK) reported net income of $1.9M for nine months ended September 30, 2026 (up 36% from $1.4M in 2025), with EPS of $0.15 vs. $0.11. Total deposits decreased $71.2M (10.9%) to $581.3M due to a $92.2M reduction in certificates of deposit, offset by increases in savings and NOW accounts. The company repurchased 237,590 shares ($2.1M) and incurred $311K in merger expenses related to a pending merger. Total assets declined $23.1M (2.6%) to $881.8M; FHLB advances increased $47.4M (50.8%) to fund deposit outflows. Non-performing assets rose to $28.3M (3.22% of assets) from $15.1M.
Why this rating
Modest earnings growth offset by material deposit shrinkage, rising credit stress, and pending merger uncertainty—ordinary for $50M market-cap bank, not trajectory-changing.
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