9.27
-1.17%
Close of 9 Nov 2026, in USD
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About Bogota Financial
From its filings with the US Securities and Exchange Commission
Bogota Financial is based in Teaneck, New Jersey. Its shares trade on Nasdaq under the ticker BSBK. The SEC classifies its business as savings institutions, not federally chartered. In the fiscal year to 31 December 2025, it reported net income of $2.1m. At that date it held total assets of $904.9m and shareholders' equity of $140.9m.
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.
Quoted from its 10-K, filed 27 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Thrifts & Mortgage Finance
- Listed since
- 16 Jan 2020
- Employees
- 56
- Head office
- 819 TEANECK ROAD, TEANECK, NJ, 07666
- Classification
- Savings Institutions, Not Federally Chartered
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Kevin PacePresident, Chief Executive Officer, Director, since 2018$677,786
- Mr. Brian MccourtChief Financial Officer, Executive Vice President$373,448
- Mr. Robert WalshExecutive Vice President, Chief Lending Officer$293,914
- Mr. Peter DonnellyIndependent Director
- Mr. William HansonIndependent Director$78,852
- Mr. John MastersonIndependent Director$107,375
- Mr. John ReinerIndependent Director$78,852
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 16
- Environment
- 17
- Social
- 24
- Governance
- 7
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Bogota Financial Corp possesses several strengths that contribute to its success in the financial industry. Firstly, the company has a solid track record of financial performance, consistently delivering strong profits and revenue growth. This stability allows Bogota Financial Corp to attract and retain a loyal customer base. Secondly, the company has a robust product portfolio encompassing a wide range of financial services including banking, investments, and insurance. This diversification enables Bogota Financial Corp to cater to various customer needs and increase its market share. Additionally, Bogota Financial Corp benefits from a strong brand reputation and a well-established presence in the market. This enhances its credibility and customer trust, making it easier for the company to expand and acquire new customers.
Weaknesses
- Despite its strengths, Bogota Financial Corp also faces certain weaknesses that could hamper its growth. One prominent weakness is the company's limited geographical reach. Currently, Bogota Financial Corp operates only within a specific region, which restricts its potential customer base and limits growth opportunities. Furthermore, the company heavily relies on traditional brick-and-mortar branches for its operations, which can be cost-intensive and less efficient compared to digital banking platforms. This may put Bogota Financial Corp at a disadvantage in an increasingly digitalized industry. Lastly, Bogota Financial Corp's lack of diversification in terms of target market segments and demographics may lead to vulnerability during economic downturns or changes in customer preferences.
Opportunities
- Bogota Financial Corp can explore several opportunities to expand its business and strengthen its position in the market. Firstly, there is potential for geographic expansion, allowing the company to enter new regions and tap into untapped markets. This would greatly increase its customer base and revenue potential. Moreover, Bogota Financial Corp can capitalize on the growing trend of digital banking by investing in innovative technological solutions. Developing user-friendly mobile apps and online banking platforms would attract tech-savvy customers and enable cost-effective operations. Additionally, the company can consider targeting specific niche markets or demographic segments, customizing its products and services to cater to their unique needs. This would differentiate Bogota Financial Corp from competitors and enhance customer loyalty.
Threats
- Bogota Financial Corp operates in a dynamic and competitive industry, exposing it to various threats. One significant threat is the emergence of new fintech startups, which offer disruptive and innovative financial solutions that could lure customers away from traditional banking institutions like Bogota Financial Corp. To mitigate this threat, the company needs to adapt and embrace digital transformation. The regulatory environment is another potential threat as changes in financial regulations or compliance requirements can impact Bogota Financial Corp's operations and profitability. Staying updated and ensuring compliance is crucial to avoid penalties and reputational damage. Finally, economic downturns and financial crises pose threats to the stability of Bogota Financial Corp. Fluctuating interest rates, inflation, and unemployment levels can affect customer spending habits and loan repayment capacities, increasing default risks and impacting the overall financial health of the company.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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