Bogota Financial Corp.

Bogota Financial Corp. reported net income of $2.1 million for FY 2025, a significant improvement from a net loss of $2.2 million in FY 2024. This turnaround was primarily driven by a $4.9 million increase in net interest income, which rose to $15.5 million from $10.6 million, due to higher yields on interest-earning assets and lower interest expense. Total assets decreased by 6.9% to $904.9 million, primarily due to a $64.1 million decrease in net loans and a $16.6 million decrease in cash and cash equivalents, partially offset by a $17.8 million increase in securities available for sale. The company maintained a strong capital position with total stockholders' equity of $140.9 million and a leverage ratio of 15.80%, classifying it as 'well capitalized.'

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