How many shares remain authorized under Bogota Financial's buyback program?

Approximately 7,046 shares remain authorized out of the 237,590-share cap (230,544 have been repurchased as of June 30, 2026). The program is structured with no scheduled expiration date, giving the Board discretion to suspend, discontinue, or continue buybacks at any time.

What was the average price paid per share in the repurchase program?

Bogota Financial repurchased 230,544 shares at an average cost of $8.67 per share, totaling $2.0 million through June 30, 2026. The filing does not specify the timing or mechanism (Rule 10b-18, ASR, or other method) of execution.

How does this buyback fit within the company's capital strategy?

CEO Kevin Pace emphasized the company is focused on 'delivering shareholder value through our current stock buyback and core growth.' The $2.0 million deployed represents a modest return of capital relative to the company's $142 million stockholders' equity and $875 million in total assets at period-end.

Why is Bogota Financial conducting a share repurchase?

The filing does not explicitly state the rationale for the buyback. However, the board-authorized program appears designed to return excess capital to shareholders while maintaining flexibility to adjust execution based on lending opportunities and market conditions in the community bank's northern New Jersey footprint.

What percentage of shares outstanding have been repurchased?

The 230,544 repurchased shares represent approximately 1.8% of the 12.77 million shares outstanding at June 30, 2026. The authorization covers approximately 5% of outstanding shares excluding shares held by Bogota Financial, MHC, the company's majority stockholder.

Can the Board suspend or modify this buyback program?

Yes. The filing explicitly states 'The repurchase program does not have a scheduled expiration date and the Board of Directors has the right to suspend or discontinue the program at any time,' providing management flexibility to prioritize capital allocation based on business conditions.

BSBK 8-K Filed 2026-07-30 Execution disclosure

Bogota Financial repurchased 230,544 shares at $8.67 average

Community bank executed buyback under 5% authorization; $2.0M deployed through June 30

Shares repurchased231K

Avg price paid$8.67

MechanismNot specified

What the filing says

Bogota Financial Corp. (NASDAQ: BSBK), the New Jersey-based holding company for Bogota Savings Bank, reported execution of share repurchases through its ongoing buyback program. As of June 30, 2026, the company had repurchased 230,544 shares at an average cost of $8.67 per share, deploying $2.0 million under the plan.

The current stock repurchase program authorizes the company to repurchase up to 237,590 shares, or approximately 5% of outstanding common stock (excluding shares held by Bogota Financial, MHC). This leaves approximately 7,046 shares remaining under current authorization. The repurchase program has no scheduled expiration date and the Board of Directors retains the right to suspend or discontinue it at any time.

CEO Kevin Pace stated the company is "focused on prudent lending that diversifies our portfolio while maintaining solid credit quality" and highlighted management's commitment to "continue delivering shareholder value through our current stock buyback and core growth." The company reported net income of $1.5 million for the six months ended June 30, 2026, compared to $955,000 in the prior-year period.

As of June 30, 2026, 230,544 shares of the Company's common stock have been repurchased pursuant to the Company's current stock repurchase program at a cost of $2.0 million. Pursuant to the current repurchase program, the Company was authorized to repurchase up to 237,590 shares of its common stock, or approximately 5% of its outstanding common stock (excluding shares held by Bogota Financial, MHC). — Bogota Financial Corp. 8-K filing · View on SEC EDGAR →

What this means

Bogota Financial deployed $2.0 million to repurchase shares at approximately 5% of outstanding equity under a board-authorized program capped at 237,590 shares. With 230,544 shares repurchased to date, less than 1% of the authorization remains. The buyback represents a modest capital return for a $142 million equity base and aligns with management's stated goal of delivering shareholder value. The program's perpetual authorization structure and board discretion allow flexibility to adjust execution based on economic and market conditions. For context, the repurchase represents approximately 1.8% of shares outstanding at June 30, 2026 (12.77 million shares).

Frequently asked questions

How many shares remain authorized under Bogota Financial's buyback program?: Approximately 7,046 shares remain authorized out of the 237,590-share cap (230,544 have been repurchased as of June 30, 2026). The program is structured with no scheduled expiration date, giving the Board discretion to suspend, discontinue, or continue buybacks at any time.
What was the average price paid per share in the repurchase program?: Bogota Financial repurchased 230,544 shares at an average cost of $8.67 per share, totaling $2.0 million through June 30, 2026. The filing does not specify the timing or mechanism (Rule 10b-18, ASR, or other method) of execution.
How does this buyback fit within the company's capital strategy?: CEO Kevin Pace emphasized the company is focused on 'delivering shareholder value through our current stock buyback and core growth.' The $2.0 million deployed represents a modest return of capital relative to the company's $142 million stockholders' equity and $875 million in total assets at period-end.
Why is Bogota Financial conducting a share repurchase?: The filing does not explicitly state the rationale for the buyback. However, the board-authorized program appears designed to return excess capital to shareholders while maintaining flexibility to adjust execution based on lending opportunities and market conditions in the community bank's northern New Jersey footprint.
What percentage of shares outstanding have been repurchased?: The 230,544 repurchased shares represent approximately 1.8% of the 12.77 million shares outstanding at June 30, 2026. The authorization covers approximately 5% of outstanding shares excluding shares held by Bogota Financial, MHC, the company's majority stockholder.
Can the Board suspend or modify this buyback program?: Yes. The filing explicitly states 'The repurchase program does not have a scheduled expiration date and the Board of Directors has the right to suspend or discontinue the program at any time,' providing management flexibility to prioritize capital allocation based on business conditions.

execution community-bank authorization rule-10b-18-or-disclosed-method-not-stated

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.