Bogota Financial Corp. Reports Results for the Three and Nine Months Ended September 30, 2026

What happened

Bogota Financial Corp. reported net income of $473,000, or $0.04 per share, for the three months ended September 30, 2026, versus $455,000 a year earlier. Nine-month net income was $1.9 million, or $0.15 per share, versus $1.4 million, or $0.11 per share.

Confirmed

Global impact / market context

Profit rose modestly, but the bank shrank: total assets fell 2.6% to $881.8 million. It used cash to cover deposit outflows, leaving less cash available, which means less cushion to fund future lending or absorb surprises.

Analyst inference

Banks earn money on loans and securities funded by deposits and borrowed money. Here deposits left, securities fell, and cash dropped 44.6%, so investors will focus on whether the bank can rebuild stable deposits and still grow profit per sale.

Analyst inference

What to watch

1. Cash and cash equivalents fell $15.9 million, or 44.6%, to $19.7 million, as excess funds from increased borrowings, security maturities and loan payments funded deposit outflows. Confirmed
2. The company repurchased 237,590 shares for $2.1 million under its current stock repurchase program, representing all shares authorized under that program. Confirmed
3. Watch upcoming deposit balances and borrowed money levels to see whether the bank replaces lost deposits without raising funding costs, which would squeeze profit per sale. Analyst inference

Evidence

• globenewswire.com