---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-125643"
form_type: "8-K"
ticker: "BSBK"
cik: "0001787414"
company_name: "Bogota Financial Corp."
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T03:10:07.801168+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bogota Financial Q1 net loss of $441K vs $993K income; NIM compresses to 1.18%

## Summary
- Net loss of $441K ($0.03/share) vs net income of $993K ($0.08/share) in Q1 2023.
- Net interest income down 41.4% to $2.7M; net interest margin fell to 1.18% from 2.05%.
- Interest expense on deposits +60.7% to $6.0M; avg deposit cost up 157 bps to 3.82%.
- Total assets $961.2M (+2.3%); deposits $665.5M (+6.4%); loans decreased $5.9M.
- Opened new branch in Upper Saddle River on April 13; no office CRE exposure; NPA ratio 1.30%.

## SEC filing metadata
- accession: 0001193125-24-125643
- form_type: 8-K
- ticker: BSBK
- cik: 0001787414
- company_name: Bogota Financial Corp.
- filed_at: 2024-05-01T23:59:59+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/1787414/000119312524125643/0001193125-24-125643-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1787414/000119312524125643/d832040d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-125643
- JSON: https://secwatch.observer/filing/0001193125-24-125643.json
- Plain text: https://secwatch.observer/filing/0001193125-24-125643.txt

## Key facts
- Earnings Releases
  Bogota Financial Corp. reported three months ended March 31, 2024 results: net income net loss of $441,000, or $0.03 per basic and diluted share.
  - Period: three months ended March 31, 2024
  - Net income: net loss of $441,000, or $0.03 per basic and diluted share
  - Result: reported results
  source text: Bogota Financial Corp. Reports Results for the Three Months Ended March 31, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1787414/000119312524125643/0001193125-24-125643-index.htm

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