Recent Updates — BOC
Boston Omaha Corporation reported a net loss attributable to common stockholders of $1,612 thousand ($0.05 per share) for the second quarter ended June 30, 2026, compared to a $2,319 thousand loss in the prior year period. Total revenues increased 2.4% to $22.2 million, driven by growth in Billboard Rentals and Broadband Services. The company announced an agreement to sell its insurance subsidiary, General Indemnity Group, to CopperPoint Insurance Company for approximately $84.3 million, with closing expected in the second half of 2026 subject to regulatory approvals. During the quarter, Boston Omaha repurchased 451,281 shares of Class A common stock for $5.8 million. The company operates as a public holding company engaged in outdoor advertising, broadband telecommunications, surety insurance, and asset management.
On June 9, 2026, FIF Utah, LLC, a subsidiary of Boston Omaha Broadband, LLC, received approval from the United States Department of Agriculture for a $11,484,706 grant and a $11,484,706 loan under the Rural Utilities Service ReConnect Program. The loan is a 20-year term debt available via multiple drawdowns over five years to deploy fiber to approximately 3,000 locations. Boston Omaha Corporation has provided an unconditional guarantee for the loan. Boston Omaha Corporation is a diversified holding company.