secwatch.observer — SEC 8-K summary
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Issuer:     Bogota Financial Corp. (BSBK)
CIK:        0001787414
Form:       8-K
Filed at:   2025-02-18T23:59:59+00:00
Accession:  0000943374-25-000106
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bogota Financial posts Q4 net loss $0.07/sh, FY net loss $0.17/sh; balance sheet restructured
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1787414/000094337425000106/0000943374-25-000106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1787414/000094337425000106/form8k.htm
  HTML page:      https://secwatch.observer/filing/0000943374-25-000106

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