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BSBK

Bogota Financial Corp.

BSBK

Bogota Financial Corp. • NASDAQ
$8.38 ▼ -0.24% (-0.02)
Market Cap $106.60 M
52w High $9.50
52w Low $6.59
Dividend Yield 0%
P/E 209.49
Volume 1.89K
Outstanding Shares 12.72M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $10.949M ▲ $3.738M ▼ $454.625K ▲ 4.152% ▲ $0.036 ▲ $666.725K ▲
Q2-2025 $10.837M ▼ $3.855M ▼ $224.395K ▼ 2.071% ▼ $0.018 ▼ $335.341K ▼
Q1-2025 $11.813M ▲ $3.86M ▲ $730.947K ▲ 6.188% ▲ $0.058 ▲ $787.437K ▲
Q4-2024 $11.013M ▲ $3.616M ▲ $-930.001K ▼ -8.445% ▼ $-0.073 ▼ $-412.147K ▲
Q3-2024 $10.948M $3.605M $-366.96K -3.352% $-0.029 $-452.074K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $145.241M ▲ $925.814M ▲ $785.12M ▲ $140.693M ▲
Q2-2025 $20.684M ▼ $921.835M ▼ $783.395M ▼ $138.44M ▲
Q1-2025 $120.329M ▼ $930.192M ▼ $791.938M ▼ $138.254M ▲
Q4-2024 $151.414M ▲ $971.49M ▼ $834.201M ▼ $137.289M ▲
Q3-2024 $129.563M $978.889M $841.95M $136.94M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $454.625K ▲ $292.485K ▼ $8.334M ▲ $2.289M ▲ $10.915M ▲ $277.067K ▼
Q2-2025 $224.395K ▼ $1.92M ▲ $920.484K ▼ $-8.117M ▲ $-5.276M ▲ $1.92M ▲
Q1-2025 $730.947K ▲ $-16.015K ▲ $15.451M ▼ $-42.057M ▼ $-26.622M ▼ $-52.184K ▲
Q4-2024 $-930K ▼ $-1.042M ▼ $50.421M ▲ $-18.149M ▼ $31.23M ▲ $-1.094M ▼
Q3-2024 $-366.96K $-287.878K $862.498K $2.836M $3.411M $-330.936K

Five-Year Company Overview

Income Statement

Income Statement Bogota Financial’s revenue has inched up over the past few years, but profit has been inconsistent. Earnings were healthy in the middle of the period and then faded, with the most recent year showing pressure on profitability and a small loss to common shareholders. This pattern suggests that higher funding costs and balance sheet adjustments have squeezed margins. Overall, the bank looks more like a slow, steady revenue generator that is currently working through a tougher earnings phase rather than a strong growth story.

Balance Sheet

Balance Sheet The balance sheet has gradually expanded, showing measured growth in the bank’s franchise. Assets have climbed over time, while equity has stayed fairly stable, which implies a modest increase in leverage but not an extreme one for a regional bank. Cash levels have moved around as management deploys funds into loans and securities, and borrowings have crept higher, consistent with a bank using wholesale funding alongside deposits. The recent restructuring to shift into higher-yielding assets and reduce borrowings is a sign that management is actively tuning the balance sheet to improve future profitability.

Cash Flow

Cash Flow Cash generation appears modest and somewhat flat, with operating and free cash flow never really breaking out but not collapsing either. The business is light on capital spending, which is typical for a bank whose main “investment” is its loan and securities portfolio rather than physical assets. Recent years of near-zero reported operating and free cash flow underline how sensitive a bank’s reported cash figures are to balance sheet movements and interest rate conditions, and they reinforce the message that BSBK is in a normalization phase rather than a cash gusher stage.

Competitive Edge

Competitive Edge Bogota Financial operates as a classic community bank with a tight geographic focus in New Jersey, leaning heavily on long-standing customer relationships and real estate lending expertise. Its strengths are local knowledge, personalized service, and community involvement, which can create loyalty and relatively sticky deposits. The trade-off is that it lacks the scale, brand reach, and technology depth of larger regional and national banks, and it faces ongoing competition from both big banks and digital-first players. Its niche feels defensible but not unassailable, especially if local real estate or the regional economy weakens.

Innovation and R&D

Innovation and R&D The bank is not a technology pioneer; it offers the standard digital banking tools customers now expect, such as online and mobile banking, bill pay, mobile deposits, and person-to-person payments. Instead of building its own platforms, it relies on established technology partners and focuses its differentiation on service, flexible checking options, and tailored mortgage and real estate lending solutions. Future innovation looks more likely to come from incremental improvements, better use of existing platforms, and continued fine-tuning of the balance sheet, rather than from any major new product or technology leap.

Summary

Bogota Financial comes across as a traditional, locally focused community bank working through a challenging interest rate and profitability cycle. Revenue has grown slowly, profits have been squeezed recently, and cash generation is steady but unspectacular. The balance sheet shows cautious growth and active management, including restructuring moves to improve earning power. Its real edge is its community presence, local expertise, and personalized service, balanced against limited scale and only standard-level technology. The story is one of prudent, measured banking with recent earnings pressure and an emphasis on gradual improvement rather than rapid expansion.

NEWS

November 3, 2025 · 4:10 PM UTC

Bogota Financial Corp. Reports Results for the Three and Nine Months Ended September 30, 2025

Read more