Bogota Financial Corp. Reports Net Income of $992.7 Million in Q1 2023

Bogota Financial Corp.(BSBK), a leading financial institut ion, has released its unaudited consolidated financial statements for the first quarter ending March 31, 2023. The report reveals a net income of $992.7 million and total revenue of $9.0 billion for the three-month period.

Net Income Reaches $992.7 Million

During the first quarter of 2023, Bogota Financial Corp. recorded a net income of $992.7 million. This figure reflects the company's profitability and its ability to generate substantial earnings from its core operations. Compared to the same period last year, net income declined by approximately $408.2 million, signifying a decrease in the company's overall profitability.

Revenue Reaches $9.0 Billion