earnings
confidence high
sentiment neutral
materiality 0.70
Bogota Financial Q2 net income $748K ($0.06 EPS) vs $224K YoY; agrees to acquire GSL Bank
Bogota Financial Corp.
- Q2 2026 net income $748K ($0.06 per share) vs $224K ($0.02) in Q2 2025; H1 net income $1.5M ($0.12) vs $955K ($0.08).
- Entered agreement to acquire GSL Bank, a New Jersey institution, to expand customer base and lending capacity.
- Repurchased 230,544 shares for $2.0M under current program; authorized up to 237,590 shares (5% of outstanding).
- Total assets fell 3.3% to $875M; deposits down 12% to $574.2M; FHLB advances up 51.1% to $141M.
- Non-performing assets rose to $25.9M (2.96% of assets) from $13.1M at Dec 2025; allowance for credit losses 0.40% of loans.