Bogota Financial Corp.BSBK

Bogota Financial Corp., the New Jersey-based holding company for Bogota Savings Bank, reported $705,946 in net income for the quarter ended 31 March 2026, translating to diluted earnings per share of $0.06 on 12.6 million shares. Operating cash flow for the period was $702,611, almost identical to the net result, while the bank’s cash and equivalents stood at $27.9 million. Total assets reached $877.2 million, liabilities $735.2 million, and shareholders’ equity $142.1 million-good for a leverage ratio above six-to-one.

Bogota Savings Bank pitches itself as a commercial-banking partner offering ‘state-of-the-art payment processing solutions’ and ‘convenient, flexible, cost-effective’ business checking. The reality, as filed, is a quiet regional bank with modest scale. The latest 10-Q does not disclose merchant-fee revenue, transaction volumes, or customer counts, and the bank’s own merchant-services page offers no quantitative proof beyond an FDIC badge and aspirational copy. The gap between the platform story and the filed numbers is the size of the FDIC logo.

The holding company also filed a 11-K extension for its 401(k) plan and confirmed there were no share sales during the quarter ended 31 March 2026. Capex for the quarter was a trifling $29,276, while payments to acquire property, plant, and equipment are all but invisible in the cash-flow statement. Shareholders are left with a small, stable register, thin public disclosures, and a balance sheet that looks more like a local building society than a fintech showcase.

If you want colour beyond the filings, the bank’s public site adds zero new facts: the merchant-services page repeats the promise of proven, flexible solutions, and the business-checking page repeats the promise of convenient, cost-effective products. Neither page contains a single filed metric, customer testimonial, or volume figure. The site’s visual rail is limited to an FDIC logo and some stock imagery-hardly the data suite you expect from a bank selling ‘state-of-the-art’ payment processing (source: BSBK 10-Q, period ending 2026-03-31, https://www.sec.gov/Archives/edgar/data/1787414/000143774926016650/bsbk20260331_10q.htm; Merchant Services | Bogota Savings Bank, https://www.bogotasavingsbank.com/merchant-services; Business Checking | Bogota Savings Bank, https://www.bogotasavingsbank.com/business-checking).

This story is best read with the filing itself open. For context, Bogota Financial’s EDGAR index lists seven filings in the last 90 days, none of which add operating revenue, customer counts, or segment-level margins. The company’s 8-Ks in May and June flagged press releases and 401(k) updates, but not a single metric that would move a needle for investors seeking growth or transparency. The evidence rail is thin, and the site rail is thinner still.