Bogota Financial Reports Mixed Q1 Results with Deposit Outflows and Increased Delinquent Loans
BSBK sits 23% above its 52-week low of $6.82.
Summary
Bogota Financial Corp. reported Q1 2026 net income of $706,000, a slight decrease from the prior year, with strong net interest margin growth but concerning deposit outflows and an increase in delinquent loans.
Key Events · Earnings and Guidance · BSBK
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Net Income Slightly Decreased
Q1 2026 net income was $706,000 ($0.06 EPS), a slight decrease from $731,000 ($0.06 EPS) in Q1 2025.
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Significant Deposit Outflows
Total deposits decreased by $51.6 million (7.9%) to $600.9 million from December 31, 2025, primarily due to a $65.4 million decrease in certificates of deposit.
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Increased FHLB Borrowings
Federal Home Loan Bank (FHLB) advances increased by $22.6 million (24.2%) to $115.9 million, used to offset the deposit outflows.
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Improved Net Interest Margin
Net interest income increased by $833,000 (23.2%) to $4.4 million, and net interest margin expanded by 54 basis points to 2.20%.
Analysis · BSBK · Finance
Bogota Financial Corp. reported a slight decrease in Q1 2026 net income year-over-year, alongside a notable 7.9% decline in total deposits and a 3.1% decrease in total assets. This led to a 24.2% increase in Federal Home Loan Bank advances to offset deposit outflows. While the company achieved a significant 23.2% increase in net interest income and a 54 basis point improvement in net interest margin, the rise in delinquent loans and non-performing assets indicates potential credit quality concerns. Investors should monitor deposit trends and asset quality in future reports.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, BSBK was trading at $8.39 on NASDAQ in the Finance sector, with a market capitalization of approximately $108.4M. The 52-week trading range was $6.82 to $9.50. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.