Bogota Financial Corp. reported net income of $1.5 million, or $0.12 per share, for the six months ended June 30, 2026, up from $955,000, or $0.08 per share, in the prior-year period. For the second quarter, net income rose to $748,000, or $0.06 per share, compared with $224,000, or $0.02 per share, a year earlier. Total assets decreased 3.3% to $875.0 million, while deposits fell 12.0% to $574.2 million, partly offset by a 51.1% increase in Federal Home Loan Bank advances to $141.0 million. The company also announced an agreement to acquire GSL Bank, which it expects will expand its customer base and lending capacity.
Bogota Financial CorpReported higher net income for the six months and second quarter, and announced an acquisition to expand customer base and lending capacity.
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