Bogota Financial Q3 net income edges up on higher net interest income despite merger-related costs

Bogota Financial

30/10/2026 20:15

Overview
U.S. bank holding company reported Q3 net income up slightly from prior year period
Company completed $2.1 mln share repurchase program, buying back 237,590 shares
Total assets and deposits declined as deposit outflows offset by increased borrowings

Outlook
Company did not provide specific financial guidance for the current or future periods in its press release 

Result Drivers
NET INTEREST INCOME - Co said Q3 net interest income rose 14.9% due to improved net interest margin and lower deposit costs
HIGHER NON-INTEREST EXPENSE - Q3 non-interest expense rose 12.5% mainly due to merger-related legal costs and branch opening expenses
DEPOSIT OUTFLOWS - Co said deposit balances declined 10.9% as management reduced deposits due to weak loan growth and low investment yields

Company press release: ID:nGNXNnvWl

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
 
$0.04
 

Analyst Coverage
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 24 three months ago

Reuters Recommended Reads
Oct 30 - Freedom Bank of Virginia Q3 profit up on deposit growth 
Oct 30 - Bank of the James' Q3 profit rises on higher interest income
Oct 29 - Columbia Financial Q3 net income drops

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)