Bogota Financial Q1 net income dips as deposit balances declined

Bogota Financial Corp.

Bogota Financial Corp.

BSBK

0.00


Overview

  • U.S. bank holding company's Q1 net income dipped yr/yr, EPS unchanged at $0.06

  • Net interest income rose 23% on higher net interest margin

  • Company repurchased 14,313 shares in Q1 under ongoing buyback program


Outlook

  • Company did not provide specific guidance for future quarters or full year


Result Drivers

  • NET INTEREST INCOME - Higher net interest margin and lower interest expense drove a 23% increase in net interest income

  • NON-INTEREST INCOME DROP - Non-interest income fell sharply, mainly due to the prior-year death benefit not recurring

  • DEPOSIT OUTFLOWS - Deposit balances declined, leading to increased borrowings to fund operations


Company press release: ID:nGNX3wNVd4


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 EPS

$0.06

Q1 Basic EPS

$0.06


Analyst Coverage

  • The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 22 three months ago


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.