Operating cash flow remains volatile, as evidenced by the OCF/NI ratio swinging from 6.53 in 2024Q1 to -0.02 in 2025Q1, reflecting the bank's reliance on active liquidity management and periodic sales of investment securities.
| Cash from Operations | 3.92M | 3.2B | -2.56M | 1.44M | 10.86M | 5.96M | 5.8M | 2.57M | 4.18M | 5.74M |
| Operating CF Growth % | 4901.74% | 125234.63% | -278.1% | -86.76% | 82.11% | 2.71% | 125.5% | -38.43% | -27.15% | - |
| Net Income | 2.07M | 2.09M | -2.17M | 642.53K | 6.88M | 7.52M | 2.07M | 2.43M | 4.14M | 3.9M |
| Depreciation & Amortization | 507.13K | 497.88K | 489.7K | 458.4K | 255.4K | -342.1K | 272.56K | 295.87K | 312.62K | 351.15K |
| Deferred Taxes | -8.69K | -8.69K | -457.54K | -624.39K | 503.31K | 261.28K | -837.31K | -86.12K | -84.25K | 684.26K |
| Other Non-Cash Items | -407.93K | 3.2B | -863.54K | -734.13K | 903.58K | -1.87M | 3.36M | 158.8K | 139.08K | 108.71K |
| Working Capital Changes | 651.77K | 950.61K | -672.59K | 537.3K | 1.1M | -180.28K | 718.45K | -222.62K | -324.11K | 692.27K |
| Cash from Investing | 55.09M | 50.11B | 10.13M | 21.52M | -210.72M | 35.15M | -22.25M | 1.65M | -21.7M | -38.24M |
| Purchase of Investments | -49.06M | -62.56M | -87.41M | -8.7M | -92.58M | -77.96M | -25.5M | -9.09M | -19.25M | -23.71M |
| Sale/Maturity of Investments | 41.33M | 45.27M | 83.41M | 29.46M | 36.72M | 38.44M | 25.77M | 22.83M | 10.88M | 11.58M |
| Net Investment Activity | -7.73M | -17.29M | -4M | 20.76M | -55.86M | -39.52M | 272.97K | 13.74M | -8.37M | -12.14M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 19.39M | 0 | 0 | 0 | 0 |
| Other Investing | 62.88M | 50.11B | 14.72M | 1.08M | -154.62M | 56.73M | -20.78M | -11.93M | -12.81M | -25.97M |
| Cash from Financing | -56.69M | -69.94B | 19.74M | -14.87M | 111.64M | -16.43M | -31.03M | 99.12M | 19.48M | 13.56M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -853.08K | -1.13M | -1.7M | -3.81M | -10.07M | -481.47K | -41.51M | 0 | 0 | 0 |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 7.68M | 0 | 0 | 0 |
| Net Stock Activity | -853.08K | -1.13M | -1.7M | -3.81M | -10.07M | -481.47K | -33.82M | 0 | 0 | 0 |
| Debt Issuance (Net) | -2M | -1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | -1000K | 1000K |
| Other Financing | -31.99M | -69.86B | 16.93M | -76.47M | 104.36M | 13.44M | 1.62M | 76.67M | 34.07M | -1.1M |
| Net Change in Cash | -7.66B | -16.63B | 27.3M | 8.09M | -88.23M | 24.68M | -47.48M | 103.34M | 1.96M | -18.93M |
| Exchange Rate Effect | 7.67M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 35.6B | 52.23B | 24.93M | 16.84M | 105.07M | 80.39M | 127.86M | 24.52M | 22.56M | 41.49M |
| Cash at End | 27.92B | 35.6B | 52.23M | 24.93M | 16.84M | 105.07M | 80.39M | 127.86M | 24.52M | 22.56M |
| Interest Paid | 21M | 28.1M | 30.75M | 21.64M | 6.9M | 5.92M | 9.68M | 11.97M | 8.76M | 6.53M |
| Income Taxes Paid | 100K | 100K | 40K | 1.38M | 2.23M | 1.71M | 1.16M | 603K | 2.19M | 1.47M |
| Free Cash Flow | 3.86M | 3.2B | -3.15M | 1.12M | 10.61M | 4.5M | 4.06M | 2.41M | 3.66M | 5.61M |
| FCF Growth % | 6521.92% | 101641.7% | -381.84% | -89.45% | 135.63% | 11.03% | 68.03% | -33.96% | -34.84% | - |
Geographic concentration and margin
According to recent SEC filings, BSBK's net income has returned to positive territory, reaching $705.9K in 2026Q1, which suggests a stabilization in organic capital generation after a period of losses that previously hindered the bank's ability to build regulatory capital buffers through retained earnings.
The return to profitability is a critical development for a bank with such a narrow operating margin, as it allows for the potential replenishment of capital that was eroded during the 2024 fiscal year. Investors should monitor whether this earnings trajectory can be sustained to support future loan growth without requiring external capital raises.
As reported in financial statements, BSBK has demonstrated active management of its investment portfolio, with $13.0 million in sales during 2026Q1, indicating a strategic effort to recycle capital into higher-yielding assets or to manage liquidity needs within its Northern New Jersey footprint.
The bank's history of fluctuating investment purchases and sales suggests a reactive approach to interest rate volatility rather than a static hold-to-maturity strategy. This activity warrants further investigation to determine if the bank is successfully capturing yield or merely managing short-term liquidity gaps.
Based on BSBK's reported figures, the bank has consistently refrained from paying dividends while maintaining sporadic buyback activity, such as the $124.9K repurchase in 2026Q1, which reflects a cautious approach to capital allocation given the bank's current profitability constraints and MHC structure.
The absence of a dividend suggests that management is prioritizing the preservation of capital to support the bank's loan production office expansion. The buyback activity appears opportunistic rather than programmatic, which may indicate that management views the stock as undervalued relative to its long-term potential.
Financial disclosures indicate that BSBK's operating cash flow is highly volatile, with the OCF/NI ratio swinging from 6.53 in 2024Q1 to -0.02 in 2025Q1, suggesting that headline earnings may not fully capture the underlying cash dynamics of the bank's loan and deposit activities.
This volatility may be exacerbated by the accounting treatment of the MHC dividend waiver and the impact of CECL provisioning on reported net income. Analysts should look past the headline earnings to understand how these non-cash adjustments mask the true cash-generating capacity of the core banking operations.
Quick answers to the most common questions about buying BSBK stock.
Bogota Financial Corp. (BSBK) generated $3.20B in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Bogota Financial Corp. (BSBK) generated $3.20B in free cash flow in 2025. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
Bogota Financial Corp. (BSBK) spent $0.1M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, Bogota Financial Corp. (BSBK) spent $1.1M on share repurchases. This shows the company's commitment to returning capital to its equity investors.