---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-269042"
form_type: "8-K"
ticker: "BSBK"
cik: "0001787414"
company_name: "Bogota Financial Corp."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:45:37.040941+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bogota Financial Q3 net loss of $29K; net interest margin shrinks to 1.47% from 2.85% YoY

## Summary
- Net loss of $29K ($0.00 EPS) in Q3 2023 vs net income of $1.9M ($0.14 EPS) in Q3 2022.
- Net interest margin fell 138 bps to 1.47% in Q3 2023; interest expense surged 208.7% driven by deposit cost.
- Total deposits fell 8.0% YoY to $645.3M; FHLB advances up 32.2% to $135.3M to offset outflows.
- Non-performing assets rose to $12.3M (1.33% of assets) vs prior period; delinquent loans increased $18M to $19.5M.
- Share buyback: 318,560 shares repurchased YTD at $3.0M under two approved programs.

## SEC filing metadata
- accession: 0001193125-23-269042
- form_type: 8-K
- ticker: BSBK
- cik: 0001787414
- company_name: Bogota Financial Corp.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1787414/000119312523269042/0001193125-23-269042-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1787414/000119312523269042/d581038d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-269042
- JSON: https://secwatch.observer/filing/0001193125-23-269042.json
- Plain text: https://secwatch.observer/filing/0001193125-23-269042.txt

## Key facts
- Earnings Releases
  Bogota Financial Corp. reported three months ended September 30, 2023 results: net income net loss of $29,000, EPS $0.00 per basic and diluted share.
  - Period: three months ended September 30, 2023
  - Net income: net loss of $29,000
  - EPS: $0.00 per basic and diluted share
  - Result: reported results
  source text: reported net loss for the three months ended September 30, 2023 of $29,000, or $0.00 per basic and diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1787414/000119312523269042/0001193125-23-269042-index.htm
- Earnings Releases
  Bogota Financial Corp. reported nine months ended September 30, 2023 results: net income net income of $1.8 million, EPS $0.14 per basic and diluted shares.
  - Period: nine months ended September 30, 2023
  - Net income: net income of $1.8 million
  - EPS: $0.14 per basic and diluted shares
  - Result: reported results
  source text: reported net income for the nine months ended September 30, 2023 of $1.8 million, or $0.14 per basic and diluted shares
  evidence_url: https://www.sec.gov/Archives/edgar/data/1787414/000119312523269042/0001193125-23-269042-index.htm

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