Bogota Financial Q1 Net Income Dips to $706K, Delinquent Loans Rise to 4.39%
BSBK sits 23% above its 52-week low of $6.82.
Summary
Bogota Financial Corp. reported Q1 2026 net income of $706,000, a decrease from the prior-year quarter, despite an increase in net interest margin to 2.20%. The report highlights significant concerns for the bank, including a decline in total assets and deposits, necessitating increased FHLB advances to manage liquidity. Critically, delinquent loans rose to $28.1 million, representing 4.39% of total loans, and non-performing assets reached $13.5 million, or 1.54% of total assets, indicating a deterioration in asset quality. These trends suggest potential challenges in profitability and asset management, which traders would need to monitor closely.
At the time of this announcement, 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 news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.