secwatch.observer — SEC 8-K summary
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Issuer:     Bogota Financial Corp. (BSBK)
CIK:        0001787414
Form:       8-K
Filed at:   2026-07-30T20:15:21+00:00
Accession:  0000943374-26-000342
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bogota Financial Q2 net income $748K ($0.06 EPS) vs $224K YoY; agrees to acquire GSL Bank
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1787414/000094337426000342/0000943374-26-000342-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1787414/000094337426000342/bsbk-20260730.htm
  HTML page:      https://secwatch.observer/filing/0000943374-26-000342

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