Core earnings improved on net interest income growth, but deposit shrinkage and reliance on FHLB advances warrant caution. Monitor deposit cost trends and loan origination momentum in coming quarters.
Price Chart
Executive Summary
Bogota Financial Corp. reported Q1 2026 net income of $706,000 ($0.06 EPS), essentially flat from $731,000 ($0.06) a year ago. Net interest income improved 23% to $4.4 million as net interest margin expanded 54 bps to 2.20%, but total interest income fell 4% and deposits declined 7.9%, partly offsetting core gains.
Key Facts
- Q1 2026 net income $706,000 vs $731,000 in Q1 2025, down 3.4%
- EPS unchanged at $0.06 per diluted share
- Net interest income rose 23.2% to $4.4 million from $3.6 million
- Net interest margin widened to 2.20% from 1.66%
- Total interest income decreased 4.0% to $10.5 million
- Non-interest income dropped 63.9% due to prior-year death benefit
- Deposits fell $51.6 million (-7.9%) to $600.9 million
- FHLB advances increased 24.2% to $115.9 million to offset deposit outflows
- Stock repurchases of 14,313 shares at $119,000 during the quarter
Financial Impact
Net income decline of $25,000 YoY; net interest margin up 54 bps; deposit outflow replaced by borrowings
Risk Factors
- Continued deposit outflows could pressure liquidity and force higher-cost borrowings
- Loan portfolio contraction and high delinquency (4.39%) may lead to increased credit costs
- Non-interest income vulnerable to one-time items (death benefit not recurring)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000943374-26-000189 |
| Document: form8k.htm | 0000943374-26-000189 |
| Document: 0000943374-26-000189-index-headers.html | 0000943374-26-000189 |
| Document: 0000943374-26-000189-index.html | 0000943374-26-000189 |
| Document: 0000943374-26-000189.txt | 0000943374-26-000189 |
| 8-K Data (Synthetic) | 0000943374-26-000189 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 1, 2026 21w ago | 8-K | $8.56 $9.31 | ▲ +8.76% | ▲ +7.53% | $9.14 (+6.78%) |
Jun 1, 2026 21w ago | Press Release | $8.56 $9.31 | ▲ +8.76% | ▲ +7.53% | $9.14 (+6.78%) |
May 6, 2026 24w ago | 8-K | $8.55 $9.08 | ▲ +6.20% | ▲ +2.37% | $9.14 (+6.90%) |
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