Bogota Finl Stock Price, News & Analysis

Bogota Financial Corp. (NASDAQ: BSBK) is a Maryland corporation that serves as the mid-tier holding company for Bogota Savings Bank, a New Jersey chartered stock savings bank. According to the company’s disclosures, Bogota Savings Bank has served the banking needs of customers in northern and central New Jersey since 1893 and operates multiple offices across the state. Bogota Financial Corp. is majority-owned by Bogota Financial, MHC and its common stock is listed on The Nasdaq Stock Market under the symbol BSBK.

Bogota Savings Bank focuses on traditional personal and business banking within the savings institutions segment of the finance and insurance sector. Based on the company’s public information, the Bank accepts deposits through a range of account types and deploys those funds primarily into loans and securities. The Bank generally grants residential, commercial and consumer loans and reports that it has historically emphasized residential and construction lending, with more recent growth in commercial real estate and commercial lending activity.

Business model and operations

Bogota Financial Corp.’s business model reflects that of a community-oriented savings bank holding company. The Bank accepts deposits from customers in its New Jersey market area and uses those deposits, along with Federal Home Loan Bank advances, to fund a portfolio of loans and investment securities. Public filings and earnings releases describe deposit funding that includes certificates of deposit, savings accounts, money market and NOW accounts, noninterest-bearing checking, brokered deposits and municipal deposits. On the asset side, the Bank reports net loans, mortgage-backed securities, corporate bonds and other interest-earning assets.

The company’s earnings releases highlight the importance of net interest income—the difference between interest earned on loans and securities and interest paid on deposits and borrowings—as a core driver of performance. Management commentary repeatedly references efforts to manage funding costs, improve net interest margin and adjust the balance sheet in response to changes in the interest rate environment. The Bank also reports non-interest income from sources such as bank-owned life insurance and gains on the sale of loans.

Market focus and geographic footprint

According to its public statements, Bogota Savings Bank serves customers in northern and central New Jersey. It operates from offices in communities including Bogota, Hasbrouck Heights, Upper Saddle River, Newark, Oak Ridge, Parsippany and Teaneck, New Jersey, and maintains a loan production office in Spring Lake, New Jersey. The company has noted the opening of a new branch in Upper Saddle River as part of its growth strategy and has described its intention to expand its presence in northern Bergen County and surrounding communities.

The Bank’s lending and deposit activities are concentrated in its New Jersey market area. Management commentary in earnings releases discusses loan demand in that region, including residential mortgages, construction loans and commercial real estate loans, as well as the competitive dynamics that influence deposit pricing and funding costs.

Balance sheet management and strategy

Bogota Financial Corp. provides detailed balance sheet information in its earnings releases. The company reports trends in total assets, net loans, securities, cash and cash equivalents, deposits and Federal Home Loan Bank advances. Management has described a series of actions intended to reposition the balance sheet, including:

• A sale-leaseback transaction in which the Bank sold three branch offices and entered into leases for those locations, recognizing a pre-tax gain and using the transaction to support a broader restructuring.
• The sale of lower-yielding securities and reinvestment of a portion of the proceeds into higher-yielding securities, with remaining proceeds directed toward funding loans at higher market rates and paying down higher-cost borrowings.
• The removal of the held-to-maturity designation on remaining securities, with all securities classified as available for sale and marked to market.

These actions, as described by the company, are intended to strengthen the balance sheet, improve net interest margin, and enhance future earnings while maintaining regulatory capital. Management also notes the use of cash flow and fair value hedges to manage interest rate risk on Federal Home Loan Bank advances and certain deposits, with notional hedge amounts disclosed in earnings releases.

Capital management and stock repurchase programs

Bogota Financial Corp. has made share repurchases a recurring element of its capital management strategy. Public announcements and related Form 8-K filings describe multiple stock repurchase programs, including a sixth program approved in 2025. The company has obtained regulatory approval to repurchase a specified percentage of its outstanding common stock (excluding shares held by Bogota Financial, MHC), and has periodically reported the number of shares repurchased and the aggregate cost under these programs.

The company states that these repurchase programs have no fixed expiration date and may be suspended, terminated or modified by the board of directors. Management commentary links the repurchase activity to efforts to improve tangible book value per minority share and to demonstrate confidence in the company’s value.

Earnings profile and interest rate environment

Regular quarterly and annual earnings releases provide insight into how interest rate conditions affect the company’s performance. Bogota Financial Corp. reports detailed metrics on interest income, interest expense, net interest margin, net interest spread and the composition and cost of deposits and borrowings. Management has discussed the impact of elevated interest rates on funding costs and net interest margin, as well as the effect of rate changes on loan demand, securities yields and deposit mix.

The company has also highlighted the role of credit quality in its results, including information on delinquent loans, non-performing assets, allowance for credit losses, and the absence of charge-offs during certain reporting periods. Earnings releases note that the Bank does not have exposure to commercial real estate loans secured by office space and that it monitors concentrations and risk in its lending portfolio.

Corporate structure and regulatory status

According to its Form 8-K filings, Bogota Financial Corp. is incorporated in Maryland and is registered with the Securities and Exchange Commission under file number 001-39180. Its common stock, with a par value of $0.01 per share, trades on The Nasdaq Stock Market under the symbol BSBK. The company files periodic reports and current reports with the SEC, including earnings-related Form 8-Ks that attach press releases as exhibits.

As a savings institution and bank holding company, Bogota Financial Corp. is subject to banking and securities regulation. Its public filings reference regulatory approvals for stock repurchase programs and discuss capital considerations in connection with balance sheet restructuring and strategic transactions such as the sale-leaseback of branch properties.

Risk considerations and disclosures

The company’s earnings releases include forward-looking statements and identify factors that could cause actual results to differ from expectations. These factors, as described in the releases, include competitive pressures, changes in the interest rate environment, general economic conditions, real estate market values in the Bank’s lending area, liquidity and deposit mix, availability and cost of funding, loan demand, and changes in credit quality or assumptions used in calculating the allowance for credit losses.

Investors reviewing Bogota Financial Corp. commonly examine trends in net interest income, deposit composition and cost, loan portfolio performance, securities yields, use of hedging instruments, and the effects of strategic actions such as balance sheet restructuring and stock repurchases. The company’s SEC filings and earnings releases provide the primary source of this information.

Frequently asked questions about Bogota Financial Corp. (BSBK)

The following FAQs summarize key points drawn from the company’s public disclosures.