| Bogota Financial Corp. Reports Results for the Three Months Ended March 31, 2025 |
TEANECK, N.J., April 30, 2025 (GLOBE NEWSWIRE) -- Bogota Financial Corp. (NASDAQ: BSBK) (the “Company”), the holding company for Bogota Savings Bank (the “Bank”), reported net income for the three months ended March 31, 2025 of $731,000, or $0.06 per basic and diluted share, compared to a net loss of $441,000, or $0.03 per basic and diluted share, for the comparable prior year period. The increase in net income was primarily due to a decrease in deposit costs and increases in the yield on loans and security income, which resulted in a $942,000 increase in net interest income over the previous year. The Company also recorded a one-time death benefit accrual from its bank-owned life insurance policy for a former employee of approximately $543,000. |
globenewswire.com |
2025-04-30 20:10:00 |
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| Bogota Financial Corp. Reports Results for the Three and Twelve Months Ended December 31, 2024 |
TEANECK, N.J., Feb. 14, 2025 (GLOBE NEWSWIRE) -- Bogota Financial Corp. (NASDAQ: BSBK) (the “Company”), the holding company for Bogota Savings Bank (the “Bank”), reported a net loss for the three months ended December 31, 2024 of $930,000 or $0.07 per basic and diluted share, compared to a net loss of $1.2 million or $0.09 per basic and diluted share for the comparable prior year period. The Company reported a net loss for the year ended December 31, 2024 of $2.2 million or $0.17 per basic and diluted share compared to net income of $643,000, or $0.05 per basic and diluted share, for the prior year. |
globenewswire.com |
2025-02-14 19:25:00 |
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| Bogota Financial Corp. Announces Sale-Leaseback Transaction and Balance Sheet Restructure |
TEANECK, N.J., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Bogota Financial Corp. (NASDAQ: BSBK) (the “Company”), the holding company for Bogota Savings Bank (the “Bank”), announced that the Bank completed a balance sheet restructuring consisting of two key transactions in the fourth quarter of 2024. The Bank entered into a sale-leaseback transaction whereby the Bank sold three of its branch offices resulting in a $9.0 million pre-tax gain. Subsequently, the Bank realized a pre-tax loss of $8.9 million on the sale of approximately $66.0 million in amortized cost ($57.1 million in market value) of available-for-sale and held-to-maturity (“HTM”) securities with a weighted average life of approximately 5.5 years and a weighted average yield of 1.89%. A portion of the proceeds from the securities sales were reinvested into securities yielding approximately 5.49%. The remaining proceeds will be used to fund loans at current market rates ranging from 6.50% to 7.75%, as well as pay down higher cost borrowings, which will improve the net interest margin and the return on assets. As a result of the sales, the Bank is removing its HTM designation on any remaining HTM securities. |
globenewswire.com |
2025-01-06 11:15:00 |
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| CORRECTION - Bogota Financial Corp. Reports Results for the Three and Nine Months Ended September 30, 2024 Corrected |
TEANECK, N.J., Nov. 01, 2024 (GLOBE NEWSWIRE) -- Bogota Financial Corp. (NASDAQ: BSBK) (the “Company”), the holding company of Bogota Savings Bank (the “Bank”), after market close today issued a correction to its financial results for the three and nine months ended September 30, 2024 (the “Revised Earnings Release”), which was issued prior to market open on November 1, 2024 (the “Original Earnings Release”). Interest expense on deposits (and similarly total interest expense) for the three and nine months ended September 30, 2024 reported in the Original Earnings Release was understated by $300,000 due to a misstatement of the rates paid on certain certificates of deposit during the three months ended September 30, 2024. As a result, the Revised Earnings Release reflects the following changes: |
globenewswire.com |
2024-11-01 23:00:00 |
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| Bogota Financial Corp. Reports Results for the Three and Nine Months Ended September 30, 2024 |
TEANECK, N.J., Nov. 01, 2024 (GLOBE NEWSWIRE) -- Bogota Financial Corp. (NASDAQ: BSBK) (the “Company”), the holding company for Bogota Savings Bank (the “Bank”), reported a net loss for the three months ended September 30, 2024 of $147,000, or $0.01 per basic and diluted share, compared to a net loss of $29,000, or $0.00 per basic and diluted share, for the comparable prior year period. The Company reported a net loss for the nine months ended September 30, 2024 of $1.0 million, or $0.08 per basic and diluted share, compared to net income of $1.8 million, or $0.14 per basic and diluted share, for the nine months ended September 30, 2023. |
globenewswire.com |
2024-11-01 11:00:00 |
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| Bogota Financial Corp. Reports Results for the Three and Six Months Ended June 30, 2024 |
TEANECK, N.J., July 31, 2024 (GLOBE NEWSWIRE) -- Bogota Financial Corp. (NASDAQ: BSBK) (the “Company”), the holding company for Bogota Savings Bank (the “Bank”), reported a net loss for the three months ended June 30, 2024 of $432,000, or $0.03 per basic and diluted share, compared to net income of $857,000, or $0.07 per basic and diluted share, for the comparable prior year period. |
globenewswire.com |
2024-07-31 20:10:00 |
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| Bogota Financial Corp. Reports Results for the Three Months Ended March 31, 2024 |
TEANECK, N.J.--(BUSINESS WIRE)--Bogota Financial Corp. (NASDAQ: BSBK) (the “Company”), the holding company for Bogota Savings Bank (the “Bank”), reported net loss for the three months ended March 31, 2024 of $441,000, or $0.03 per basic and diluted share, compared to net income of $993,000, or $0.08 per basic and diluted share, for the comparable prior year period. Other Financial Highlights: Total assets increased $21.9 million, or 2.3%, to $961.2 million at March 31, 2024 from $939.3 million. |
businesswire.com |
2024-04-30 20:07:00 |
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| Bogota Financial Corp. Adopts and Receives Regulatory Approval of Fifth Repurchase Program |
TEANECK, N.J.--(BUSINESS WIRE)--Bogota Financial Corp. (the “Company”) (Nasdaq: BSBK), the holding company for Bogota Savings Bank (the “Bank”), announced that it has received regulatory approval for the repurchase of up to 237,090 shares of its common stock, which is approximately 5% of its outstanding common stock (excluding shares held by Bogota Financial, MHC), as previously approved by the board of directors of the Company. This is the Company's fifth stock repurchase program. Shares may b. |
businesswire.com |
2024-04-24 13:00:00 |
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| Bogota Financial Corp. Reports Results for the Three and Twelve Months Ended December 31, 2023 |
TEANECK, N.J.--(BUSINESS WIRE)--Bogota Financial Corp. (NASDAQ: BSBK) (the “Company”), the holding company for Bogota Savings Bank (the “Bank”), reported net loss for the three months ended December 31, 2023 of $1.2 million or ($0.09) per basic and diluted share, compared to net income of $1.9 million or $0.14 per basic and diluted share for the comparable prior year period. The Company reported net income for the twelve months ended December 31, 2023 of $643,000 or $0.05 per basic and diluted. |
businesswire.com |
2024-02-06 18:10:00 |
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| Bogota Financial Corp. Announces CEO Transition |
TEANECK, N.J.--(BUSINESS WIRE)--Bogota Financial Corp. (the “Company”) (Nasdaq: BSBK), the holding company for Bogota Savings Bank (the “Bank”), announced today that Joseph Coccaro is retiring as Director and President and Chief Executive Officer of Bogota Financial, MHC, the parent company of the Company (the “MHC”), the Company and the Bank, effective as of November 30, 2023. Mr. Coccaro, who is 66 years old, will continue to serve Bogota as an advisory director. Kevin Pace, Executive Vice Pr. |
businesswire.com |
2023-11-29 20:00:00 |
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| Bogota Financial Corp. Reports Results for the Three and Six Months Ended June 30, 2023 |
TEANECK, N.J.--(BUSINESS WIRE)--Bogota Financial Corp. (NASDAQ: BSBK) (the “Company”), the holding company for Bogota Savings Bank (the “Bank”), reported net income for the three months ended June 30, 2023 of $857,000, or $0.07 per basic and diluted share, compared to net income of $1.6 million, or $0.12 per basic and diluted share, for the three months ended June 30, 2022. The Company reported net income for the six months ended June 30, 2023 of $1.8 million, or $0.14 per basic and diluted sha. |
businesswire.com |
2023-07-28 13:10:00 |
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| Bogota Financial Corporation (BSBK) Lags Q4 Earnings and Revenue Estimates |
Bogota Financial Corporation (BSBK) delivered earnings and revenue surprises of -6.67% and 6.02%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock? |
zacks.com |
2023-01-30 21:34:22 |
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| Is Bogota Financial (BSBK) Outperforming Other Finance Stocks This Year? |
Here is how Bogota Financial Corporation (BSBK) and Associated Banc-Corp (ASB) have performed compared to their sector so far this year. |
zacks.com |
2022-10-27 15:20:16 |
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| Bogota Financial Corporation (BSBK) Meets Q2 Earnings Estimates |
Bogota Financial Corporation (BSBK) delivered earnings and revenue surprises of 0% and 0.69%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock? |
zacks.com |
2022-07-28 00:07:24 |
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| Has Bogota Financial (BSBK) Outpaced Other Finance Stocks This Year? |
Here is how Bogota Financial Corporation (BSBK) and Esquire Financial Holdings, Inc. (ESQ) have performed compared to their sector so far this year. |
zacks.com |
2022-06-09 15:18:19 |
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| Bogota Financial Corporation (BSBK) Q4 Earnings and Revenues Top Estimates |
Bogota Financial Corporation (BSBK) delivered earnings and revenue surprises of 55.56% and 13.24%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock? |
zacks.com |
2022-02-02 21:56:05 |
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| Bogota Financial Corporation (BSBK) to Report Q4 Results: Wall Street Expects Earnings Growth |
Bogota Financial Corporation (BSBK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. |
zacks.com |
2022-01-28 18:09:11 |
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| Bogota Financial (BSBK) Sees Hammer Chart Pattern: Time to Buy? |
Bogota Financial (BSBK) has been struggling lately, but the selling pressure may be coming to an end soon. |
zacks.com |
2021-10-18 14:18:46 |
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| Bogota Financial Corp. Reports Results for the Three and Six Months Ended June 30, 2021 |
TEANECK, N.J.--(BUSINESS WIRE)--Bogota Financial Corp. (the “Company”) (NASDAQ: BSBK), the holding company for Bogota Savings Bank (the “Bank”), reported net income for the three months ended June 30, 2021 and 2020 of $1.4 million. The Company reported net income for the six months ended June 30, 2021 of $4.4 million compared to net income of $65,000 for the comparable prior year period. The Company recorded a bargain purchase gain of $1.9 million associated with the acquisition of Gibraltar Ba |
businesswire.com |
2021-08-03 22:22:00 |
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| Bogota Financial Corp. Announces Adoption of Repurchase Program |
TEANECK, N.J.--(BUSINESS WIRE)--Bogota Financial Corp. (the “Company”) (Nasdaq: BSBK), the holding company for Bogota Savings Bank, announced it has adopted a program to repurchase 296,044 shares of its common stock, which is approximately 5% of its outstanding common stock (excluding shares held by Bogota Financial, MHC). This is the Company's first stock repurchase program since completing its mutual holding company reorganization and related stock offering in January 2020. Repurchases are ex |
businesswire.com |
2021-06-16 20:10:00 |
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| Bogota Financial Corp. Reports Results for the Three Months Ended March 31, 2021 |
TEANECK, N.J.--(BUSINESS WIRE)--Bogota Financial Corp. (the “Company”) (NASDAQ: BSBK), the holding company for Bogota Savings Bank (the “Bank”), reported net income for the three months ended March 31, 2021 of $3.0 million, compared to net loss of $1.3 million for the comparable prior year period. The Company recorded a bargain purchase gain of $1.9 million associated with the acquisition of Gibraltar Bank during the most recent quarter. Also, during the three months ended March 31, 2021, the C |
businesswire.com |
2021-05-03 23:16:00 |
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| Bogota Savings Bank Completes Acquisition of Gibraltar Bank |
TEANECK, N.J.--(BUSINESS WIRE)--Bogota Financial Corp. (“Bogota Financial”) (Nasdaq: BSBK), the holding company for Bogota Savings Bank (“Bogota”), today announced that, effective February 28, 2021, it had completed its acquisition of Gibraltar Bank. Based on December 31, 2020 financial information, the combined institution has approximately $821 million in assets, $584 million in deposits and $142 million in stockholders' equity. In addition, as part of the transaction, Bogota Financial issued |
businesswire.com |
2021-03-01 11:00:00 |
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| Bogota Financial Corp. Reports Results for the Three and Twelve Months Ended December 31, 2020 |
TEANECK, N.J.--(BUSINESS WIRE)--Bogota Financial Corp. (the “Company”) (NASDAQ: BSBK), the holding company for Bogota Savings Bank (the “Bank”), reported net income for the three months ended December 31, 2020 of $1.0 million, compared to net income of $787,000 for the comparable prior year period. The Company reported net income for the twelve months ended December 31, 2020 of $2.1 million compared to a net income of $2.4 million for the prior year. The Company contributed cash and stock with |
businesswire.com |
2021-02-05 18:10:00 |
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