Bogota Financial Corp. Reports Results for the Three and Twelve Months Ended December 31, 2025

Core Viewpoint - Bogota Financial Corp. has successfully returned to profitability in 2025, reporting a net income of $2.1 million compared to a net loss of $2.2 million in the previous year, reflecting effective strategic execution and a focus on responsible growth [3][19]. Financial Performance - For the three months ended December 31, 2025, net income was $680,000 or $0.05 per share, a significant improvement from a net loss of $930,000 or $0.07 per share in the same period of 2024 [1][4]. - For the year ended December 31, 2025, net income was $2.1 million or $0.17 per share, compared to a net loss of $2.2 million or $0.17 per share for the prior year [1][19]. Income Statement Analysis - Interest income increased by $359,000, or 3.4%, to $11.0 million for the three months ended December 31, 2025, driven by higher yields on interest-earning assets [6][8]. - Net interest income rose by $1.8 million, or 71.6%, to $4.3 million for the three months ended December 31, 2025, reflecting a 90 basis point increase in the net interest rate spread [13]. - Non-interest income decreased by $193,000, or 46.1%, to $226,000 for the three months ended December 31, 2025, primarily due to a lack of loan sales [16]. Balance Sheet Analysis - Total assets decreased by $66.7 million, or 6.9%, to $904.9 million at December 31, 2025, mainly due to a reduction in cash and cash equivalents and loans [5][32]. - Cash and cash equivalents decreased by $16.6 million, or 31.8%, to $35.6 million at December 31, 2025, due to cash used for purchasing securities [5][32]. - Total deposits increased by $10.3 million, or 1.6%, to $652.4 million at December 31, 2025, primarily due to an increase in interest-bearing deposits [35]. Strategic Initiatives - The company plans to open a new branch in Central/Southern New Jersey in early summer 2026 as part of its growth strategy [3]. - The company is currently executing its sixth stock buyback program, demonstrating a commitment to enhancing shareholder value [3]. Shareholder Equity - Total stockholders' equity increased by $3.6 million to $140.9 million at December 31, 2025, attributed to net income and a reduction in accumulated other comprehensive loss [36].