---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-127624"
form_type: "8-K"
ticker: "BSBK"
cik: "0001787414"
company_name: "Bogota Financial Corp."
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T06:39:23.983236+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bogota Financial Q1 net income $993K, down 29% YoY; NIM falls 59 bp to 2.05%

## Summary
- Net income $993K ($0.08/sh) vs $1.4M ($0.10/sh) YoY, down 29.1%.
- Net interest margin 2.05% vs 2.64% YoY; net interest income $4.5M, down 11.7%.
- Deposits decreased $10.7M; average deposit cost up 165 bp to 2.25%. Uninsured deposits 8.4% of total.
- Non-performing loans increased to $12.9M (1.35% of assets) from one commercial construction loan.
- Repurchased 126,660 shares for $1.4M in Q1; regulatory approval for up to 556,631 shares.

## SEC filing metadata
- accession: 0001193125-23-127624
- form_type: 8-K
- ticker: BSBK
- cik: 0001787414
- company_name: Bogota Financial Corp.
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1787414/000119312523127624/0001193125-23-127624-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1787414/000119312523127624/d502667d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-127624
- JSON: https://secwatch.observer/filing/0001193125-23-127624.json
- Plain text: https://secwatch.observer/filing/0001193125-23-127624.txt

## Key facts
- Earnings Releases
  Bogota Financial Corp. reported the three months ended March 31, 2023 results: net income $993,000, EPS $0.08 per basic and diluted shares.
  - Period: the three months ended March 31, 2023
  - Net income: $993,000
  - EPS: $0.08 per basic and diluted shares
  - Result: reported results
  source text: reported net income for the three months ended March 31, 2023 of $993,000 or $0.08 per basic and diluted shares
  evidence_url: https://www.sec.gov/Archives/edgar/data/1787414/000119312523127624/0001193125-23-127624-index.htm

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