earnings
confidence high
sentiment negative
materiality 0.75
Bogota Financial posts Q4 net loss $0.07/sh, FY net loss $0.17/sh; balance sheet restructured
Bogota Financial Corp.
2024-FY EPS reported
-$0.17
- Net loss of $930k ($0.07/sh) in Q4 2024 vs net loss of $1.2M ($0.09/sh) in Q4 2023.
- Full year net loss of $2.2M ($0.17/sh) vs net income of $643k ($0.05/sh) in 2023.
- Restructured balance sheet via branch sale-leaseback ($9.0M gain) and $66.0M security sale ($8.9M loss); reinvested $32.7M at 5.60% yield.
- Net interest margin fell 55 bps to 1.16% for 2024; non-performing assets rose to $14.0M (1.44% of assets).
- Repurchased 188,047 shares under approved program at $1.4M cost; program allows up to 237,090 shares.