earnings
confidence high
sentiment negative
materiality 0.85
Bogota Financial Corp. posts Q2 net loss of $432K vs profit of $857K year ago
Bogota Financial Corp.
2024-Q2 EPS reported
-$0.07
- Net loss of $432,000 ($0.03 per share) for Q2 2024, vs net income of $857,000 ($0.07 per share) in Q2 2023.
- Net interest income fell 36.1% to $2.7M; net interest margin dropped to 1.21% from 1.96%.
- Total assets increased 3.8% to $974.7M; deposits up 3.8% to $649.1M; net loans down 1.0% to $707.6M.
- Repurchased 107,323 shares at $735,000 under $4.9M authorized buyback program.
- Credit stable: no charge-offs, ACL 0.39% of loans, non-performing assets at 1.33% of assets.