---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-197167"
form_type: "8-K"
ticker: "BSBK"
cik: "0001787414"
company_name: "Bogota Financial Corp."
filed_at: "2023-07-28T23:59:59+00:00"
generated_at: "2026-06-12T23:13:59.901024+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Bogota Financial Q2 net income falls 48% to $0.07 EPS; NIM compresses to 1.96%

## Summary
- Net income $857k ($0.07 EPS) vs $1.6M ($0.12 EPS) in Q2 2022, down 47.8%.
- Net interest margin 1.96% vs 2.85% a year ago as deposit costs surged to 2.68% from 0.59%.
- Non-performing assets rose to $12.9M (1.35% of assets) partly due to a $10.9M delinquent construction loan.
- Share repurchases: completed first 556,631-share program; second 249,920-share program underway.
- Deposits fell $44.9M to $656.6M; FHLB advances increased $24.9M to $127.2M.

## SEC filing metadata
- accession: 0001193125-23-197167
- form_type: 8-K
- ticker: BSBK
- cik: 0001787414
- company_name: Bogota Financial Corp.
- filed_at: 2023-07-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1787414/000119312523197167/0001193125-23-197167-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1787414/000119312523197167/d361277d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-197167
- JSON: https://secwatch.observer/filing/0001193125-23-197167.json
- Plain text: https://secwatch.observer/filing/0001193125-23-197167.txt

## Key facts
- Earnings Releases
  Bogota Financial Corp. reported six months ended June 30, 2023 results: net income $1.8 million, EPS $0.14 per basic and diluted shares.
  - Period: six months ended June 30, 2023
  - Net income: $1.8 million
  - EPS: $0.14 per basic and diluted shares
  - Result: reported results
  source text: The Company reported net income for the six months ended June 30, 2023 of $1.8 million, or $0.14 per basic and diluted shares
  evidence_url: https://www.sec.gov/Archives/edgar/data/1787414/000119312523197167/0001193125-23-197167-index.htm
- Earnings Releases
  Bogota Financial Corp. reported three months ended June 30, 2023 results: net income $857,000, EPS $0.07 per basic and diluted share.
  - Period: three months ended June 30, 2023
  - Net income: $857,000
  - EPS: $0.07 per basic and diluted share
  - Result: reported results
  source text: Bogota Financial Corp. (NASDAQ: BSBK) (the “Company”), the holding company for Bogota Savings Bank (the “Bank”), reported net income for the three months ended June 30, 2023 of $857,000, or $0.07 per basic and diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1787414/000119312523197167/0001193125-23-197167-index.htm

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