Bogota Financial (BSBK) Q4 2025 earnings summary

Executive summary

• Achieved net income of $680,000 for Q4 2025, reversing a net loss of $930,000 in Q4 2024; full-year net income was $2.1 million versus a $2.2 million loss in 2024.

• Results driven by higher net interest income, lower interest expense, and improved yields on securities and loans.

• Balance sheet restructuring and disciplined execution contributed to profitability and a more resilient financial position.

• Continued focus on responsible growth, customer investment, and shareholder value, including a new branch opening and ongoing stock buyback.

Financial highlights

• Total assets decreased 6.9% year-over-year to $904.9 million, mainly due to lower cash and loans, partially offset by higher securities.

• Net loans fell 9.0% to $647.6 million, with declines in residential, multi-family, commercial, and construction loans, but an increase in commercial real estate loans.

• Securities available for sale rose 12.7% to $158.1 million; average yield on securities increased 143 bps to 5.31%.

• Total deposits grew 1.6% to $652.4 million, with a shift toward interest-bearing accounts and lower average deposit rates.

• Federal Home Loan Bank advances dropped 45.8% to $93.3 million.

• Stockholders’ equity increased $3.6 million to $140.9 million, with equity-to-assets ratio at 15.13%.

Outlook and guidance

• Plans to open a new branch in Central/Southern New Jersey in early summer 2026.

• Ongoing execution of the sixth stock buyback program to enhance shareholder value.