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Stock impact report

Bogota Financial Corp. Reports Results for the Three Months Ended March 31, 2024 [Yahoo! Finance]

Bogota Financial Corp. (BSBK) 
Company Research Source: Yahoo! Finance
Bank (the "Bank"), reported net loss for the three months ended March 31, 2024 of $441,000, or $0.03 per basic and diluted share, compared to net income of $993,000, or $0.08 per basic and diluted share, for the comparable prior year period. Other Financial Highlights: Total assets increased $21.9 million, or 2.3%, to $961.2 million at March 31, 2024 from $939.3 million at December 31, 2023, due to an increase in securities, offset by a decrease in cash and cash equivalents and loans. Cash and cash equivalents decreased $10.5 million, or 42.1%, to $14.4 million at March 31, 2024 from $24.9 million at December 31, 2023 as excess funds were used to purchase securities. Securities increased $37.0 million, or 26.1%, to $178.5 million at March 31, 2024 from $141.5 million at December 31, 2023. Net loans decreased $5.9 million, or 0.8%, to $708.8 million at March 31, 2024 from $714.7 million at December 31, 2023. Total deposits at March 31, 2024 were $665.5 million, increasing $ Show less Read more
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