Bogota Financial Q2 net income, EPS rise on insurance claim recovery

Bogota Financial

30/07/2026 21:20

Overview
U.S. savings bank holding company reported Q2 net income and EPS rose yr/yr
Company repurchased nearly all shares authorized under its buyback program
Net interest income rose, helped by higher non-interest income and lower expenses

Outlook
Company did not provide specific financial guidance for the current or future periods

Result Drivers
INSURANCE CLAIM RECOVERY - Non-interest income nearly doubled, driven by a $300,000 collection on an insurance claim related to a prior fraud loss
LOWER INTEREST EXPENSE - Interest expense fell 15.6% as average deposit and borrowing balances declined, offsetting lower interest income
COST REDUCTIONS - Non-interest expenses declined, with lower salaries, FDIC premiums, and professional fees contributing to improved profitability

Company press release: ID:nGNX9n1lD4

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
 
$0.06
 

Analyst Coverage
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 22 three months ago

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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.)