secwatch.observer — SEC 8-K summary
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Issuer:     Bogota Financial Corp. (BSBK)
CIK:        0001787414
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0001193125-24-026058
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bogota Financial Q4 net loss $1.2M; full-year EPS $0.05 vs $0.51 prior year
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- Net loss of $1.2M ($0.09/sh) for Q4 2023 vs net income of $1.9M ($0.14/sh) in Q4 2022.
- Full-year 2023 net income $643K ($0.05/sh) vs $6.9M ($0.51/sh) in 2022.
- Net interest margin fell 133 bps to 1.35% in Q4; deposits declined 10.8% YoY to $625.3M.
- Non-accrual construction loan of $11.1M drives delinquent loans to 1.76% of total loans.
- Pending fraud claim of $376K in other expense; stock buyback of 216,837 shares completed at $1.6M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1787414/000119312524026058/0001193125-24-026058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1787414/000119312524026058/d105657d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-026058

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