Bogota Financial Q3 net income reverses loss

Bogota Financial

03/11/2025 21:31

Overview

Bogota Financial Q3 net income $455,000, reversing a loss from the prior year

Company repurchased 4,821 shares by Q3 end

Total assets decreased 4.7% to $925.8 mln due to lower cash and loans

Outlook

Company focuses on growth in commercial portfolio and maintaining high-quality credit

Company received regulatory approval for sixth stock buyback program

Company remains focused on sustainable growth and operational efficiency

Result Drivers

NET INTEREST INCOME - Increase in net interest income by $1.2 mln due to higher interest rate spread and margin

ASSET MANAGEMENT - Decrease in cash and loans offset by increase in securities

INTEREST EXPENSE REDUCTION - Interest expense decreased by $1.2 mln due to lower costs on deposits and borrowings

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.04
Q3 Basic EPS
$0.04


Analyst Coverage

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

Press Release: ID:nGNX5xlVRr

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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.)