Bogota Financial Corp. Announces Sale-Leaseback Transaction and Balance Sheet Restructure
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Bogota Financial Corp. (NASDAQ: BSBK) announced a balance sheet restructuring involving a sale-leaseback transaction and the sale of securities, resulting in a net pre-tax gain. The proceeds will be reinvested in higher-yielding securities and loans, improving net interest margin and return on assets.
January 06, 2025 | 2:30 pm
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Bogota Financial Corp. completed a sale-leaseback transaction and sold securities, resulting in a net pre-tax gain. The proceeds will be reinvested in higher-yielding securities and loans, expected to improve net interest margin and return on assets.
The restructuring involves a sale-leaseback and securities sale, leading to a net pre-tax gain. Reinvesting in higher-yielding assets and loans is likely to improve financial metrics, positively impacting BSBK's stock price.
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