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Bogota Financial Corp. Adopts and Receives Regulatory Approval of Sixth Repurchase Program

1. Bogota Financial approved repurchase of 237,590 shares, 5% of outstanding stock. 2. This is the sixth stock repurchase program by Bogota Financial Corp. 3. The repurchase may impact market conditions and stock price movement. 4. Timing and amount of repurchases depend on various market factors. 5. The repurchase program has no fixed expiration date.

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FAQ

Why Bullish?

Stock buybacks typically indicate management's confidence and can enhance shareholder value. Historically, such actions have led to price appreciation; for instance, many firms experienced a surge in stock price post buyback announcements.

How important is it?

The announcement relates directly to BSBK's financial strategy and possible stock price movements. The buyback is likely to be perceived positively by investors, impacting sentiment.

Why Short Term?

The buyback could lead to immediate stock price effects as demand increases. Similar buybacks have shown quick market responses, often within a few weeks.

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NASDAQ: BSBKNASDAQ: JPMNYSE: BAC
August 12, 2025 09:00 ET  | Source: Bogota Savings Bank TEANECK, N.J., Aug. 12, 2025 (GLOBE NEWSWIRE) -- Bogota Financial Corp. (the “Company”) (Nasdaq: BSBK), the holding company for Bogota Savings Bank (the “Bank”), announced that it has received regulatory approval for the repurchase of up to 237,590 shares of its common stock, which is approximately 5% of its outstanding common stock (excluding shares held by Bogota Financial, MHC), as previously approved by the board of directors of the Company. This is the Company’s sixth stock repurchase program. Shares may be repurchased in open market or private transactions or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities and Exchange Commission. The repurchase program has no expiration date and may be suspended, terminated or modified at any time for any reason. The stock repurchase program does not obligate the Company to purchase any particular number of shares, and there is no guarantee as to the exact number of shares to be repurchased by the Company. The timing and amount of any repurchases will depend on a number of factors, including the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital, and the Company’s financial performance.  Open market purchases will be made in accordance with Rule 10b-18 of the Securities and Exchange Commission and other applicable legal requirements.   About Bogota Financial Corp. Bogota Financial Corp. is a Maryland corporation organized as the mid-tier holding company of Bogota Savings Bank and is the majority-owned subsidiary of Bogota Financial, MHC. Bogota Savings Bank is a New Jersey chartered stock savings bank that has served the banking needs of its customers in northern and central New Jersey since 1893. It operates from seven offices located in Bogota, Hasbrouck Heights, Newark, Oak Ridge, Parsippany, Teaneck and Upper Saddle River, New Jersey and operates a loan production office in Spring Lake, New Jersey. Forward-Looking Statements This press release contains certain forward-looking statements about the Company and the Bank. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include increased competitive pressures, changes in the interest rate environment, inflation, general economic conditions or conditions within the securities markets, changes in the quality of our loan and security portfolios, increases in non-performing and classified loans, and legislative, accounting and regulatory changes that could adversely affect the business in which the Company and the Bank are engaged. The Company undertakes no obligation to revise these forward-looking statements or to reflect events or circumstances after the date of this press release. Contact Information For Bogota Financial Corp.: Kevin Pace                 President and Chief Executive Officer        (201) 862-0660 ext. 1110                        

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