Overview
Bogota Financial Q3 net income $455,000, reversing a loss from the prior year
Company repurchased 4,821 shares by Q3 end
Total assets decreased 4.7% to $925.8 mln due to lower cash and loans
Outlook
Company focuses on growth in commercial portfolio and maintaining high-quality credit
Company received regulatory approval for sixth stock buyback program
Company remains focused on sustainable growth and operational efficiency
Result Drivers
NET INTEREST INCOME - Increase in net interest income by $1.2 mln due to higher interest rate spread and margin
ASSET MANAGEMENT - Decrease in cash and loans offset by increase in securities
INTEREST EXPENSE REDUCTION - Interest expense decreased by $1.2 mln due to lower costs on deposits and borrowings
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS | $0.04 | ||
Q3 Basic EPS | $0.04 |
Analyst Coverage
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 22 three months ago
Press Release: ID:nGNX5xlVRr
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)