---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-272111"
form_type: "8-K"
ticker: "BSBK"
cik: "0001787414"
company_name: "Bogota Financial Corp."
filed_at: "2022-10-28T23:59:59+00:00"
generated_at: "2026-06-22T22:49:55.830439+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bogota Financial Q3 net income $1.9M, +85% YoY; approves new 10% share buyback

## Summary
- Q3 net income rose to $1.9M from $1.0M a year ago, driven by higher net interest income and lower expenses.
- Nine-month net income $5.0M vs $5.5M; excluding 2021 bargain purchase gain and merger costs, adjusted net income $5.0M vs $3.9M.
- Net loans grew 24% to $707.1M; total assets $946.2M (+13%) supported by deposit growth of $70.7M.
- Completed two 5% buyback plans (588,612 shares); received regulatory approval for new 10% buyback (up to 556,631 shares) in October.
- Net interest margin improved 27 bps to 2.85% in Q3; provision for loan losses increased to $175,000.

## SEC filing metadata
- accession: 0001193125-22-272111
- form_type: 8-K
- ticker: BSBK
- cik: 0001787414
- company_name: Bogota Financial Corp.
- filed_at: 2022-10-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1787414/000119312522272111/0001193125-22-272111-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1787414/000119312522272111/d414632d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-272111
- JSON: https://secwatch.observer/filing/0001193125-22-272111.json
- Plain text: https://secwatch.observer/filing/0001193125-22-272111.txt

## Key facts
- Earnings Releases
  Bogota Financial Corp. reported the nine months ended September 30, 2022 results: net income $5.0 million.
  - Period: the nine months ended September 30, 2022
  - Net income: $5.0 million
  - Result: reported results
  source text: The Company reported net income for the nine months ended September 30, 2022 of $5.0 million compared to net income of $5.5 million for the comparable prior year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1787414/000119312522272111/0001193125-22-272111-index.htm
- Earnings Releases
  Bogota Financial Corp. reported the three months ended September 30, 2022 results: net income $1.9 million.
  - Period: the three months ended September 30, 2022
  - Net income: $1.9 million
  - Result: reported results
  source text: reported net income for the three months ended September 30, 2022 of $1.9 million, compared to net income of $1.0 million for the comparable prior year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1787414/000119312522272111/0001193125-22-272111-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.