---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-250291"
form_type: "8-K"
ticker: "BSBK"
cik: "0001787414"
company_name: "Bogota Financial Corp."
filed_at: "2024-11-04T23:59:59+00:00"
generated_at: "2026-05-30T06:13:27.695364+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Bogota Financial corrects Q3 2024 results: net loss widens to $367K due to $300K interest expense error

## Summary
- Interest expense on deposits understated by $300,000 due to misstatement of CD rates; corrected results filed Nov 1, 2024.
- Q3 2024 net loss revised to $367K ($0.03/sh) from $147K ($0.01/sh); nine-month loss now $1.24M vs $1.02M.
- Net interest margin compressed to 1.15% (Q3) and 1.18% (9M) vs 1.47% and 1.82% prior year respectively.
- Cost of deposits rose to 3.95% average for 9M 2024, up 128 bps from 2.67% a year ago.
- Company repurchased 163,790 shares for $1.2M under its approved buyback program.

## SEC filing metadata
- accession: 0001193125-24-250291
- form_type: 8-K
- ticker: BSBK
- cik: 0001787414
- company_name: Bogota Financial Corp.
- filed_at: 2024-11-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1787414/000119312524250291/0001193125-24-250291-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1787414/000119312524250291/d901401d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-250291
- JSON: https://secwatch.observer/filing/0001193125-24-250291.json
- Plain text: https://secwatch.observer/filing/0001193125-24-250291.txt

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