Bogota Financial H1 net income $4.4M vs $65K; includes $1.9M bargain purchase gain from Gibraltar Bank acquisition

Bogota Financial Corp.

2022-Q2 EPS reported $0.33 vs consensus $0.12 ▲ beat (+169.6%)

Net income for six months ended June 30, 2021 was $4.4M vs $65K; Q2 net income flat at $1.4M.
Net interest margin improved to 2.44% from 1.88% in Q2; net interest income up 45.3% to $4.8M.
Total assets grew $77.9M (10.5%) to $818.9M, primarily from $106M in Gibraltar Bank assets.
Non-performing assets $685K (0.08% of assets); loan loss provision credit of $54K; credit quality strong.
Acquired Gibraltar Bank for $106M assets, $77M loans, $81.4M deposits in Feb 2021; system conversion in Aug 2021.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.