Bogota Financial Corp.BSBK
What Bogota Financial Corp. does.
Bogota Financial Corp. is a Maryland corporation that was formed in September 2019 to be the bank holding company of Bogota Savings Bank as part of the mutual holding company reorganization of Bogota Savings Bank. Other than holding the common stock of Bogota Savings Bank, and making a loan to the employee stock ownership plan of Bogota Savings Bank, Bogota Financial Corp. does not engage in any other business activities. Bogota Financial Corp.’s executive offices are located at 819 Teaneck Road, Teaneck, New Jersey 07666, and its telephone number is (201) 862-0660.
Bogota Financial Corp. completed its stock offering in connection with the mutual holding company reorganization of Bogota Savings Bank on January 15, 2020. The Company sold 5,657,735 shares of common stock at $10.00 per share for gross proceeds of $56.6 million. In connection with the reorganization, the Company also issued 263,150 shares of common stock and $250,000 in cash to Bogota Savings Bank Charitable Foundation, Inc., and 7,236,640 shares of common stock to Bogota Financial, MHC, its New Jersey-chartered mutual holding company.
Bogota Financial Corp. does not own or lease any property. It employs as officers of Bogota Financial Corp. only persons who are officers of Bogota Savings Bank. However, it uses the support staff of Bogota Savings Bank from time to time. These individuals will not be separately compensated by Bogota Financial Corp. Bogota Financial Corp. may hire additional employees, as appropriate, to the extent it expands its business.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $14.7M | $23.8M | $24.2M | $16.1M | $11.9M | $17.2M |
| Net income | $2.1M | $7.5M | $6.9M | $642,535 | -$2.2M | $2.1M |
| Free cash flow | $4.1M | $4.5M | $10.6M | $1.1M | -$3.2M | $3.1M |
More on BSBK.
- Bogota Financial Corp. summary
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- Bogota Financial Corp. health scores and style box
- Bogota Financial Corp. earnings
- Bogota Financial Corp. dividends
- Bogota Financial Corp. valuation
- Bogota Financial Corp. ownership and insiders
- Bogota Financial Corp. peers
Figures from Bogota Financial Corp.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.