Bogota Financial Corp. 2024 10-K: Assets $642M, Net Income $1.6M
Ticker: BSBK · Form: 10-K · Filed: Mar 28, 2025 · CIK: 1787414
| Field | Detail |
|---|---|
| Company | Bogota Financial Corp. (BSBK) |
| Form Type | 10-K |
| Filed Date | Mar 28, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: financials, earnings, assets, liabilities
TL;DR
Bogota Financial Corp. 2024 10-K: $642M assets, $1.6M net income. Stable but watch interest margins.
AI Summary
Bogota Financial Corp. filed its 2024 10-K on March 28, 2025, reporting total assets of $642,188,042 and total liabilities of $625,347,142 for the fiscal year ending December 31, 2024. The company's net income was $1,610,688. Key financial figures include interest income of $9,240,770 and interest expense of $2,873,724.
Why It Matters
This filing provides a comprehensive overview of Bogota Financial Corp.'s financial health and performance for the fiscal year 2024, crucial for investors and stakeholders to assess its stability and profitability.
Risk Assessment
Risk Level: medium — The company has a significant amount of liabilities relative to its assets, and its net income is relatively small compared to its asset base, indicating potential financial leverage risks.
Key Numbers
- $642.2B — Total Assets (Represents the company's total resources as of December 31, 2024.)
- $625.3B — Total Liabilities (Indicates the company's total obligations as of December 31, 2024.)
- $1.6B — Net Income (The company's profit for the fiscal year 2024.)
- $9.2M — Interest Income (Revenue generated from interest-earning assets in 2024.)
- $2.9M — Interest Expense (Cost of borrowing for the company in 2024.)
Key Players & Entities
- Bogota Financial Corp. (company) — Filer of the 10-K
- 2024-12-31 (date) — Fiscal year end
- 2025-03-28 (date) — Filing date
- $642,188,042 (dollar_amount) — Total assets
- $625,347,142 (dollar_amount) — Total liabilities
- $1,610,688 (dollar_amount) — Net income
- $9,240,770 (dollar_amount) — Interest income
- $2,873,724 (dollar_amount) — Interest expense
FAQ
What was Bogota Financial Corp.'s net income for the fiscal year ended December 31, 2024?
Bogota Financial Corp.'s net income for the fiscal year ended December 31, 2024, was $1,610,688.
What were the total assets of Bogota Financial Corp. as of December 31, 2024?
As of December 31, 2024, Bogota Financial Corp.'s total assets were $642,188,042.
What was the total interest income reported by Bogota Financial Corp. for the fiscal year 2024?
Bogota Financial Corp. reported total interest income of $9,240,770 for the fiscal year 2024.
What is the business address of Bogota Financial Corp.?
The business address of Bogota Financial Corp. is 819 Teaneck Road, Teaneck, NJ 07666.
When did Bogota Financial Corp. file its 2024 10-K report?
Bogota Financial Corp. filed its 2024 10-K report on March 28, 2025.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 28, 2025 regarding Bogota Financial Corp. (BSBK).