UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 Or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number: 0-50275 BCB Bancorp, Inc. (Exact name of registrant as specified in its charter) Indicate by check mark whet ...

The efficiency ratio (non-GAAP), which tracks non-interest expense as a share of revenue, improved to 60.6% from 68.6% in Q2 2024. This indicates the bank had better control of operating expenses relative to revenue. Nonetheless, rising personnel costs and data processing expenses pushed non-interest expenses up by 9.2% from the prior year (GAAP). Bcb Bancorp (BCBP 0.36%), a New Jersey-based community bank with a focus on commercial and multi- family real estate lending, reported its financial results on Ju ...

[Executive Summary](index=1&type=section&id=Executive%20Summary) This section provides a high-level overview of BCB Bancorp, Inc.'s Q2 2025 financial performance, management's perspective, and key financial highlights. [Q2 2025 Performance Highlights](index=1&type=section&id=1.1.%20Q2%202025%20Performance%20Highlights) BCB Bancorp, Inc. reported a net income of **$3.6 million** for Q2 2025, a significant improvement from a net loss in Q1 2025 and an increase from Q2 2024, with diluted EPS at **$0.18**, and a quarterly cash dividend of **$0.16** per share declared Q2 2025 Key Financial Highlights | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :-------------------------------- | :------ | :------ | :------ | | Net Income (million) | $3.6 | ($8.3) | $2.8 | | Diluted EPS | $0.18 | ($0.51) | $0.14 | | Quarterly Cash Dividend Per Share | $0.16 | - | - | Key Financial Ratios and Metrics (Q2 2025 vs. Prior Periods) | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :-------------------------------- | :------ | :------ | :------ | | Total Deposits (billion) | $2.662 | $2.687 | - | | Net Interest Margin | **2.80%** | 2.59% | 2.60% | | Total Yield on Interest-Earning Assets | **5.24%** | 5.20% | 5.43% | | Total Cost of Interest-Bearing Liabilities | **3.16%** | 3.33% | 3.56% | | Efficiency Ratio | **60.6%** | 61.6% | 68.6% | | Annualized Return on Average Assets | **0.42%** | (0.95%) | 0.30% | | Annualized Return on Average Equity | **4.6%** | (10.4%) | 3.5% | | Provision for Credit Losses (million) | **$4.9** | $20.8 | $2.4 | | ACL as % of Non-Accrual Loans | **49.8%** | 51.6% | 108.6% | | Total Non-Accrual Loans (million) | **$101.8** | $99.8 | $32.4 | | Total Loans Receivable, Net (billion) | **$2.860** | - | $3.162 | [Management Commentary](index=1&type=section&id=1.2.%20Management%20Commentary) The CEO expressed satisfaction with the positive trend in core profitability, driven by net interest margin expansion and balance sheet optimization, while actively addressing asset quality challenges through disciplined loan loss provisioning, acknowledging temporary impacts on short-term profitability but maintaining a positive medium to long-term outlook - Core profitability is trending positively, primarily due to meaningful **net interest margin expansion** driven by balance sheet optimization[4](index=4&type=chunk) - The company is aggressively addressing asset quality challenges and maintaining discipline in booking loan loss provisioning expenses to support reserves[5](index=5&type=chunk) - While credit actions have depressed short-term profitability, the medium to long-term outlook for the Bank remains positive[5](index=5&type=chunk) [Financial Performance - Quarterly Review](index=2&type=section&id=Financial%20Performance%20-%20Quarterly%20Review) This section details the company's financial results for the second quarter of 2025, analyzing key income, expense, and profitability metrics [Net Income and Earnings Per Share](index=2&type=section&id=2.1.%20Net%20Income%20and%20Earnings%20Per%20Share) Net income for Q2 2025 increased to **$3.6 million** from **$2.8 million** in Q2 2024, primarily due to the absence of a **$4.9 million** loss on sale of loans recorded in Q2 2024, despite higher loan loss provisioning and non-interest expenses in Q2 2025 Net Income and EPS (Q2 2025 vs. Q2 2024) | Metric | Q2 2025 (thousand) | Q2 2024 (thousand) | Change (%) | | :-------------------------------- | :--------------------- | :--------------------- | :--------- | | Net Income | $3,564 | $2,817 | 26.5% | | Net Income Available to Common Stockholders | $3,082 | $2,369 | 30.1% | | Diluted EPS | $0.18 | $0.14 | 28.8% | - The increase in net income was primarily driven by a **$4.9 million loss on sale of loans** that depressed earnings in Q2 2024, which was not present in Q2 2025[14](index=14&type=chunk) [Net Interest Income and Margin](index=2&type=section&id=2.2.%20Net%20Interest%20Income%20and%20Margin) Net interest income slightly decreased by **2.3%** in Q2 2025 compared to Q2 2024, as a larger decrease in interest income outpaced the decrease in interest expense; however, the net interest margin expanded to **2.80%** due to a more significant reduction in the cost of interest-bearing liabilities Net Interest Income and Margin (Q2 2025 vs. Q2 2024) | Metric | Q2 2025 (thousand) | Q2 2024 (thousand) | Change (%) | | :-------------------------------- | :--------------------- | :--------------------- | :--------- | | Total Interest and Dividend Income | $43,181 | $49,445 | -12.7% | | Total Interest Expense | $20,079 | $25,806 | -22.2% | | Net Interest Income | $23,102 | $23,639 | -2.3% | | Net Interest Margin | 2.80% | 2.60% | +20 bps | | Average Yield on Interest-Earning Assets | 5.24% | 5.43% | -19 bps | | Average Cost of Interest-Bearing Liabilities | 3.16% | 3.56% | -40 bps | - The increase in net interest margin was primarily driven by a **decrease in the cost of interest-bearing liabilities**, partially offset by a decrease in the yield on interest-earning assets[17](index=17&type=chunk) [Non-Interest Income](index=3&type=section&id=2.3.%20Non-Interest%20Income) Non-interest income significantly increased to **$2.1 million** in Q2 2025 from a loss of **$3.2 million** in Q2 2024, mainly due to the absence of a **$4.9 million** loss on the sale of loans in the current quarter, coupled with increases in fee income, BOLI income, and gains on equity securities Non-Interest Income (Q2 2025 vs. Q2 2024) | Metric | Q2 2025 (thousand) | Q2 2024 (thousand) | Change (%) | | :-------------------------------- | :--------------------- | :--------------------- | :--------- | | Total Non-Interest Income (Loss) | $2,076 | ($3,234) | -164.2% | | Loss on Sales of Loans | — | ($4,851) | -100.0% | | Fees and Service Charges | $1,305 | $1,119 | 16.6% | | BOLI Income | $786 | $671 | 17.1% | - The substantial increase in non-interest income was primarily due to the absence of a **$4.9 million loss on the sale of loans** in Q2 2024[19](index=19&type=chunk) [Non-Interest Expense](index=3&type=section&id=2.4.%20Non-Interest%20Expense) Non-interest expense increased by **9.2%** to **$15.3 million** in Q2 2025 compared to Q2 2024, primarily driven by higher salaries and employee benefits, and increased data processing and communication costs Non-Interest Expense (Q2 2025 vs. Q2 2024) | Metric | Q2 2025 (thousand) | Q2 2024 (thousand) | Change (%) | | :-------------------------------- | :--------------------- | :--------------------- | :--------- | | Total Non-Interest Expense | $15,268 | $13,987 | 9.2% | | Salaries and Employee Benefits | $7,713 | $6,992 | 10.3% | | Data Processing and Communications | $2,046 | $1,672 | 22.4% | [Income Tax Provision](index=3&type=section&id=2.5.%20Income%20Tax%20Provision) The income tax provision increased to **$1.5 million** in Q2 2025 from **$1.2 million** in Q2 2024, while the consolidated effective tax rate slightly decreased to **29.0%** from **29.2%** Income Tax Provision (Q2 2025 vs. Q2 2024) | Metric | Q2 2025 (thousand) | Q2 2024 (thousand) | Change (%) | | :-------------------------------- | :--------------------- | :--------------------- | :--------- | | Income Tax Provision | $1,455 | $1,163 | 25.1% | | Effective Tax Rate | 29.0% | 29.2% | -0.2 pp | [Financial Performance - Year-to-Date Review](index=3&type=section&id=Financial%20Performance%20-%20Year-to-Date%20Review) This section provides a comprehensive analysis of the company's financial performance for the first six months of 2025, comparing it to the prior year [Net Income (Loss)](index=3&type=section&id=3.1.%20Net%20Income%20%28Loss%29) For the first six months of 2025, the company reported a net loss of **$4.8 million**, a significant decrease from a net income of **$8.7 million** in the same period of 2024, primarily driven by a substantial increase in loan loss provisioning, lower net interest income, and higher non-interest expenses, partially offset by a lower income tax provision and higher non-interest income Net Income (Loss) (YTD 2025 vs. YTD 2024) | Metric | YTD 2025 (thousand) | YTD 2024 (thousand) | Change (%) | | :-------------------------------- | :--------------------- | :--------------------- | :--------- | | Net Income (Loss) | ($4,760) | $8,683 | -154.8% | | Net Income (Loss) Available to Common Stockholders | ($5,724) | $7,801 | -173.4% | | Diluted EPS | ($0.33) | $0.46 | -172.6% | - The decrease in net income was primarily driven by **$21.2 million higher provisioning for loan loss expense**, **$1.7 million lower net interest income**, and **$1.1 million higher non-interest expense**[22](index=22&type=chunk) [Net Interest Income and Margin](index=3&type=section&id=3.2.%20Net%20Interest%20Income%20and%20Margin) Net interest income decreased by **3.6%** for the first six months of 2025 compared to the same period in 2024; despite this, the net interest margin improved to **2.70%** due to a greater decrease in the cost of interest-bearing liabilities than the decrease in the rate earned on earning assets Net Interest Income and Margin (YTD 2025 vs. YTD 2024) | Metric | YTD 2025 (thousand) | YTD 2024 (thousand) | Change (%) | | :-------------------------------- | :--------------------- | :--------------------- | :--------- | | Total Interest and Dividend Income | $87,373 | $98,730 | -11.5% | | Total Interest Expense | $42,266 | $51,948 | -18.6% | | Net Interest Income | $45,107 | $46,782 | -3.6% | | Net Interest Margin | 2.70% | 2.55% | +15 bps | | Average Yield on Interest-Earning Assets | 5.22% | 5.38% | -16 bps | | Average Cost of Interest-Bearing Liabilities | 3.25% | 3.55% | -30 bps | - The increase in net interest margin was a result of a **30 basis point decrease in the cost of interest-bearing liabilities**, partially offset by a **16 basis point decrease in the rate earned on earning assets**[24](index=24&type=chunk) [Non-Interest Income](index=4&type=section&id=3.3.%20Non-Interest%20Income) Non-interest income significantly increased by **$5.0 million** for the first six months of 2025, moving from a loss in 2024 to a positive figure, primarily due to the absence of a **$4.8 million** loss on sale of loans recorded in 2024, along with increases in fees and service charges and BOLI income Non-Interest Income (YTD 2025 vs. YTD 2024) | Metric | YTD 2025 (thousand) | YTD 2024 (thousand) | Change (%) | | :-------------------------------- | :--------------------- | :--------------------- | :--------- | | Total Non-Interest Income (Loss) | $3,867 | ($1,125) | -443.7% | | Loss on Sales of Loans | — | ($4,806) | -100.0% | | Fees and Service Charges | $2,478 | $2,334 | 6.2% | | BOLI Income | $1,394 | $1,346 | 3.6% | - The increase was mainly related to the Bank recording a **$4.8 million loss on sale of loans** in 2024, which was not present in 2025[26](index=26&type=chunk) [Non-Interest Expense](index=4&type=section&id=3.4.%20Non-Interest%20Expense) Non-interest expense increased by **3.8%** to **$29.9 million** for the first six months of 2025, primarily driven by higher salaries and employee benefits, data processing costs, and professional fees, partially offset by a decrease in regulatory fees Non-Interest Expense (YTD 2025 vs. YTD 2024) | Metric | YTD 2025 (thousand) | YTD 2024 (thousand) | Change (%) | | :-------------------------------- | :--------------------- | :--------------------- | :--------- | | Total Non-Interest Expense | $29,928 | $28,825 | 3.8% | | Salaries and Employee Benefits | $15,116 | $13,973 | 8.2% | | Data Processing and Communications | $3,890 | $3,525 | 10.4% | | Professional Fees | $1,459 | $1,199 | 21.7% | | Regulatory Assessments | $1,513 | $2,095 | -27.8% | [Income Tax Provision (Benefit)](index=4&type=section&id=3.5.%20Income%20Tax%20Provision%20%28Benefit%29) The company recorded an income tax credit of **$1.9 million** for the first six months of 2025, a significant decrease from a **$3.6 million** provision in the same period of 2024, with this change being a direct result of lower taxable income Income Tax Provision (Benefit) (YTD 2025 vs. YTD 2024) | Metric | YTD 2025 (thousand) | YTD 2024 (thousand) | Change (%) | | :-------------------------------- | :--------------------- | :--------------------- | :--------- | | Income Tax (Benefit) Provision | ($1,930) | $3,623 | -153.3% | | Effective Tax Rate | 28.9% | 29.4% | -0.5 pp | - The decrease in the income tax provision was a result of lower taxable income for the six months ended June 30, 2025, compared to the same period in 2024[28](index=28&type=chunk) [Balance Sheet Review](index=2&type=section&id=Balance%20Sheet%20Review) This section examines the company's financial position, detailing changes in assets, liabilities, and stockholders' equity over the period [Assets](index=2&type=section&id=4.1.%20Assets) Total assets decreased by **6.1%** to **$3.380 billion** at June 30, 2025, from **$3.599 billion** at December 31, 2024, primarily due to decreases in net loans and cash and cash equivalents, while investment securities saw an increase Key Asset Changes (June 30, 2025 vs. December 31, 2024) | Asset Category | June 30, 2025 (million) | December 31, 2024 (million) | Change (%) | | :-------------------------------- | :-------------------------- | :------------------------------ | :--------- | | Total Assets | $3,380.5 | $3,599.1 | -6.1% | | Cash and Cash Equivalents | $206.9 | $317.3 | -34.8% | | Loans Receivable, Net | $2,860.5 | $2,996.3 | -4.5% | | Total Investment Securities | $140.0 | $111.2 | 25.9% | - The decrease in cash and cash equivalents was primarily due to the reduction of wholesale funding by paying down high-cost brokered deposits and FHLB advances[8](index=8&type=chunk) - Loans receivable, net, decreased by **$135.8 million**, with significant decreases in commercial real estate, multi-family, construction, and residential loans[9](index=9&type=chunk) [Liabilities](index=2&type=section&id=4.2.%20Liabilities) Total liabilities decreased by **6.4%** to **$3.065 billion** at June 30, 2025, from **$3.275 billion** at December 31, 2024, mainly driven by decreases in deposits and debt obligations, particularly FHLB advances Key Liability Changes (June 30, 2025 vs. December 31, 2024) | Liability Category | June 30, 2025 (million) | December 31, 2024 (million) | Change (%) | | :-------------------------------- | :-------------------------- | :------------------------------ | :--------- | | Total Liabilities | $3,064.7 | $3,275.2 | -6.4% | | Total Deposits | $2,661.5 | $2,750.9 | -3.2% | | Debt Obligations (FHLB advances) | $378.7 | $498.3 | -24.0% | | Brokered Deposits | Decreased by $119.4 million | - | - | | Transaction Accounts | Decreased by $29.6 million | - | - | - Deposits decreased by **$89.3 million**, with brokered deposits and transaction accounts decreasing, partially offset by increases in money market, certificate of deposit, and savings accounts[11](index=11&type=chunk) - Debt obligations decreased due to maturities and paydowns of FHLB advances, with the weighted average interest rate of FHLB advances decreasing to **4.18%** from **4.35%**[12](index=12&type=chunk) [Stockholders' Equity](index=2&type=section&id=4.3.%20Stockholders%27%20Equity) Stockholders' equity decreased by **2.5%** to **$315.7 million** at June 30, 2025, from **$323.9 million** at December 31, 2024, primarily due to a decrease in retained earnings, largely influenced by the Q1 2025 loss, partially offset by improvements in accumulated other comprehensive loss and additional paid-in capital Stockholders' Equity Changes (June 30, 2025 vs. December 31, 2024) | Metric | June 30, 2025 (million) | December 31, 2024 (million) | Change (%) | | :-------------------------------- | :-------------------------- | :------------------------------ | :--------- | | Total Stockholders' Equity | $315.7 | $323.9 | -2.5% | | Retained Earnings | $130.6 | $141.9 | -7.9% | | Accumulated Other Comprehensive Loss | ($4.1) | ($5.2) | -21.8% | | Additional Paid-in Capital Common Stock | $202.3 | $200.9 | 0.7% | - The decrease in retained earnings was largely caused by the **$8.3 million loss** in the first quarter of 2025, due to additions to the allowance for credit losses[13](index=13&type=chunk) [Asset Quality](index=3&type=section&id=Asset%20Quality) This section assesses the quality of the company's loan portfolio, focusing on credit losses, non-accrual loans, and specific risk areas [Net Charge-Offs and Non-Accrual Loans](index=4&type=section&id=5.1.%20Net%20Charge-Offs%20and%20Non-Accrual%20Loans) Net charge-offs significantly increased in Q2 2025 and YTD 2025 compared to prior periods, with non-accrual loans also seeing a substantial increase, reaching **$101.8 million** at June 30, 2025, representing **3.50%** of gross loans, with a notable portion being current on payments but classified as non-accrual due to underlying weaknesses Net Charge-Offs and Non-Accrual Loans | Metric | Q2 2025 (million) | Q2 2024 (million) | YTD 2025 (million) | YTD 2024 (million) | | :-------------------------------- | :-------------------- | :-------------------- | :--------------------- | :--------------------- | | Net Charge-Offs | $5.7 | $1.8 | $9.9 | $2.9 | | Non-Accrual Loans (as of period end) | $101.8 | $32.4 | $101.8 | $32.4 | | Non-Accrual Loans as % of Gross Loans (as of period end) | 3.50% | 1.01% | 3.50% | 1.01% | - More than **60% of non-accrual loans** are current with all payments, but are classified as non-accrual due to underlying weaknesses beyond payment status[30](index=30&type=chunk) [Allowance for Credit Losses](index=3&type=section&id=5.2.%20Allowance%20for%20Credit%20Losses) The provision for credit losses increased significantly in Q2 2025 and YTD 2025, largely driven by a specific reserve for a cannabis sector loan; the Allowance for Credit Losses (ACL) increased to **$50.7 million** at June 30, 2025, but its coverage of non-accrual loans decreased to **49.8%** from **108.6%** a year prior, reflecting the substantial rise in non-accrual loans Provision for Credit Losses and ACL | Metric | Q2 2025 (million) | Q2 2024 (million) | YTD 2025 (million) | YTD 2024 (million) | | :-------------------------------- | :-------------------- | :-------------------- | :--------------------- | :--------------------- | | Provision for Credit Losses | $4.9 | $2.4 | $25.7 | $4.5 | | ACL (as of period end) | $50.7 | $35.2 | $50.7 | $35.2 | | ACL as % of Non-Accrual Loans (as of period end) | 49.8% | 108.6% | 49.8% | 108.6% | | ACL as % of Gross Loans (as of period end) | 1.74% | 1.10% | 1.74% | 1.10% | - The increase in provision for credit losses for the first six months of 2025 was primarily driven by a previously reported **$13.7 million specific reserve** tied to a **$34.2 million loan** in the cannabis sector[25](index=25&type=chunk) [Cannabis Loan Portfolio](index=4&type=section&id=5.3.%20Cannabis%20Loan%20Portfolio) The company's cannabis loan portfolio had a balance of **$103.0 million** at the end of Q2 2025; the cannabis industry faces operating challenges, and this portfolio, largely secured by real estate, poses an increased amount of credit risk, potentially requiring material reserves in future periods - The cannabis loan portfolio had a balance of **$103.0 million** as of the end of the second quarter[25](index=25&type=chunk) - The cannabis industry is facing operating challenges, and the Bank's cannabis loan portfolio, largely secured by real estate, poses an increased amount of credit risk[25](index=25&type=chunk) - The portfolio has some larger relationships that could require material reserves in future periods if operating headwinds persist[25](index=25&type=chunk) [Dividend Declaration](index=1&type=section&id=Dividend%20Declaration) The Board of Directors declared a regular quarterly cash dividend of **$0.16** per share, payable on August 25, 2025, to shareholders of record on August 11, 2025 - A regular quarterly cash dividend of **$0.16 per share** was declared[3](index=3&type=chunk) - The dividend is payable on August 25, 2025, to common shareholders of record on August 11, 2025[3](index=3&type=chunk) [Company Overview and Disclosures](index=5&type=section&id=Company%20Overview%20and%20Disclosures) This section provides background information on BCB Bancorp, Inc., along with important forward-looking statements and non-GAAP financial measure explanations [About BCB Bancorp, Inc.](index=5&type=section&id=7.1.%20About%20BCB%20Bancorp%2C%20Inc.) BCB Bancorp, Inc., established in 2000 and headquartered in Bayonne, N.J., is the holding company for BCB Community Bank, which operates twenty-three branch offices in New Jersey and four in New York, offering a wide range of banking services to businesses and individuals - BCB Community Bank, a wholly-owned subsidiary of BCB Bancorp, Inc., was established in **2000** and is headquartered in Bayonne, N.J[31](index=31&type=chunk) - The Bank operates **23 branch offices in New Jersey** and **4 in New York**[31](index=31&type=chunk) - It provides a wide range of loans, deposit products, and retail and commercial banking services to businesses and individuals[31](index=31&type=chunk) [Forward-Looking Statements](index=5&type=section&id=7.2.%20Forward-Looking%20Statements) This section contains standard forward-looking statements, which are subject to inherent uncertainties and risks, where actual results may differ materially from anticipated results due to various factors, including economic conditions, market liquidity, interest rate changes, credit risk, regulatory changes, and other factors detailed in SEC filings - Forward-looking statements are based on certain assumptions and describe future plans, strategies, and expectations, but actual results may differ materially due to inherent uncertainties[32](index=32&type=chunk) - Significant factors that could cause future results to differ include global tariffs, higher inflation, general economic and recessionary concerns, impact on loan delinquencies, and reduced financial transactions[33](index=33&type=chunk) - Other factors include liquidity and capital management, supply chain disruptions, labor shortages, geopolitical conflicts, unfavorable economic conditions in primary market areas, and regulatory changes[33](index=33&type=chunk) [Explanation of Non-GAAP Financial Measures](index=6&type=section&id=7.3.%20Explanation%20of%20Non-GAAP%20Financial%20Measures) The press release includes supplemental Non-GAAP financial information, such as tangible stockholders' equity and efficiency ratios, which management believes are useful for analysts and investors to better understand and evaluate the company's financial results, aligning with measures utilized by regulators and market analysts - The press release contains supplemental Non-GAAP information used by management for financial analysis[35](index=35&type=chunk) - Management believes this information helps analysts and investors better understand and evaluate the Company's financial results[35](index=35&type=chunk) - Measures like tangible stockholders' equity and efficiency ratios are provided as they are utilized by regulators and market analysts[36](index=36&type=chunk) [Detailed Financial Statements and Data](index=7&type=section&id=Detailed%20Financial%20Statements%20and%20Data) This section presents comprehensive financial statements and supplementary data, offering granular insights into the company's performance and financial position [Statements of Operations - Three Months Ended](index=7&type=section&id=8.1.%20Statements%20of%20Operations%20-%20Three%20Months%20Ended) This table provides a detailed breakdown of the company's income statement for the three months ended June 30, 2025, March 31, 2025, and June 30, 2024, including interest income and expense, non-interest income and expense, provision for credit losses, and net income Statements of Operations - Three Months Ended (thousand) | Metric | June 30, 2025 | March 31, 2025 | June 30, 2024 | | :-------------------------------- | :------------ | :------------- | :------------ | | Total interest and dividend income | $43,181 | $44,192 | $49,445 | | Total interest expense | $20,079 | $22,187 | $25,806 | | Net interest income | $23,102 | $22,005 | $23,639 | | Provision for credit losses | $4,891 | $20,845 | $2,438 | | Total non-interest income (loss) | $2,076 | $1,791 | ($3,234) | | Total non-interest expense | $15,268 | $14,660 | $13,987 | | Income (Loss) before income tax provision | $5,019 | ($11,709) | $3,980 | | Income tax provision (benefit) | $1,455 | ($3,385) | $1,163 | | Net Income (Loss) | $3,564 | ($8,324) | $2,817 | | Net Income (Loss) per common share-diluted | $0.18 | ($0.51) | $0.14 | [Statements of Operations - Six Months Ended](index=8&type=section&id=8.2.%20Statements%20of%20Operations%20-%20Six%20Months%20Ended) This table presents the consolidated statements of operations for the six months ended June 30, 2025, and June 30, 2024, providing a year-to-date view of the company's financial performance, including key revenue, expense, and profitability metrics Statements of Operations - Six Months Ended (thousand) | Metric | June 30, 2025 | June 30, 2024 | | :-------------------------------- | :------------ | :------------ | | Total interest and dividend income | $87,373 | $98,730 | | Total interest expense | $42,266 | $51,948 | | Net interest income | $45,107 | $46,782 | | Provision for credit losses | $25,736 | $4,526 | | Total non-interest income (loss) | $3,867 | ($1,125) | | Total non-interest expense | $29,928 | $28,825 | | (Loss) Income before income tax provision | ($6,690) | $12,306 | | Income tax (benefit) provision | ($1,930) | $3,623 | | Net (Loss) Income | ($4,760) | $8,683 | | Net (Loss) Income per common share-diluted | ($0.33) | $0.46 | [Statements of Financial Condition](index=9&type=section&id=8.3.%20Statements%20of%20Financial%20Condition) This table details the company's balance sheet as of June 30, 2025, March 31, 2025, and December 31, 2024, providing a snapshot of assets, liabilities, and stockholders' equity at each period end Statements of Financial Condition (thousand) | Metric | June 30, 2025 | March 31, 2025 | December 31, 2024 | | :-------------------------------- | :------------ | :------------- | :---------------- | | Total Assets | $3,380,461 | $3,473,822 | $3,599,118 | | Total Cash and Cash Equivalents | $206,852 | $252,750 | $317,282 | | Loans receivable, net | $2,860,453 | $2,917,610 | $2,996,259 | | Total Deposits | $2,661,534 | $2,686,508 | $2,750,858 | | FHLB advances | $335,636 | $405,499 | $455,361 | | Total Liabilities | $3,064,726 | $3,159,100 | $3,275,193 | | Total Stockholders' Equity | $315,735 | $314,722 | $323,925 | [Average Balances and Rates - Three Months Ended](index=10&type=section&id=8.4.%20Average%20Balances%20and%20Rates%20-%20Three%20Months%20Ended) This table presents average balances, interest earned/paid, and average yields/rates for interest-earning assets and interest-bearing liabilities for the three months ended June 30, 2025, and June 30, 2024, providing insights into net interest margin and spread Average Balances and Rates - Three Months Ended (thousand) | Metric | Q2 2025 Average Balance (thousand) | Q2 2025 Interest Earned/Paid (thousand) | Q2 2025 Average Yield/Rate | Q2 2024 Average Balance (thousand) | Q2 2024 Interest Earned/Paid (thousand) | Q2 2024 Average Yield/Rate | | :-------------------------------- | :---------------------- | :--------------------------- | :------------------------- | :---------------------- | :--------------------------- | :------------------------- | | Total Interest-earning assets | $3,306,996 | $43,181 | 5.24% | $3,639,428 | $49,445 | 5.43% | | Total Interest-bearing liabilities | $2,548,992 | $20,079 | 3.16% | $2,897,452 | $25,806 | 3.56% | | Net interest income | - | $23,102 | - | - | $23,639 | - | | Net interest rate spread | - | - | 2.08% | - | - | 1.87% | | Net interest margin | - | - | 2.80% | - | - | 2.60% | [Average Balances and Rates - Six Months Ended](index=11&type=section&id=8.5.%20Average%20Balances%20and%20Rates%20-%20Six%20Months%20Ended) This table details the average balances, interest earned/paid, and average yields/rates for interest-earning assets and interest-bearing liabilities for the six months ended June 30, 2025, and June 30, 2024, offering a comprehensive view of interest rate dynamics over the year-to-date period Average Balances and Rates - Six Months Ended (thousand) | Metric | YTD 2025 Average Balance (thousand) | YTD 2025 Interest Earned/Paid (thousand) | YTD 2025 Average Yield/Rate | YTD 2024 Average Balance (thousand) | YTD 2024 Interest Earned/Paid (thousand) | YTD 2024 Average Yield/Rate | | :-------------------------------- | :---------------------- | :--------------------------- | :------------------------- | :---------------------- | :--------------------------- | :------------------------- | | Total Interest-earning assets | $3,374,892 | $87,373 | 5.22% | $3,669,380 | $98,730 | 5.38% | | Total Interest-bearing liabilities | $2,624,656 | $42,266 | 3.25% | $2,927,390 | $51,948 | 3.55% | | Net interest income | - | $45,107 | - | - | $46,782 | - | | Net interest rate spread | - | - | 1.97% | - | - | 1.83% | | Net interest margin | - | - | 2.70% | - | - | 2.55% | [Quarterly Financial Condition and Operating Data](index=12&type=section&id=8.6.%20Quarterly%20Financial%20Condition%20and%20Operating%20Data) This section provides a quarterly summary of key financial condition data, operating data, financial ratios, and asset quality ratios from Q2 2025 back to Q2 2024, allowing for trend analysis across multiple periods Financial Condition Data by Quarter (thousand) | Metric | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | | :-------------------------------- | :------ | :------ | :------ | :------ | :------ | | Total assets | $3,380,461 | $3,473,822 | $3,599,118 | $3,613,770 | $3,793,941 | | Loans receivable, net | $2,860,453 | $2,917,610 | $2,996,259 | $3,087,914 | $3,161,925 | | Deposits | $2,661,534 | $2,686,508 | $2,750,858 | $2,724,580 | $2,935,239 | | Stockholders' equity | $315,735 | $314,722 | $323,925 | $328,113 | $320,732 | Operating Data by Quarter (thousand) | Metric | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | | :-------------------------------- | :------ | :------ | :------ | :------ | :------ | | Net interest income | $23,102 | $22,005 | $22,194 | $23,045 | $23,639 | | Net (loss) income | $3,564 | ($8,324) | $3,272 | $6,668 | $2,817 | | Net (loss) income per diluted share | $0.18 | ($0.51) | $0.16 | $0.36 | $0.14 | | Common Dividends declared per share | $0.16 | $0.16 | $0.16 | $0.16 | $0.16 | Financial Ratios and Asset Quality Ratios by Quarter | Metric | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | | :-------------------------------- | :------ | :------ | :------ | :------ | :------ | | Return on average assets | 0.42% | (0.95%) | 0.36% | 0.72% | 0.30% | | Net interest margin | 2.80% | 2.59% | 2.53% | 2.58% | 2.60% | | Efficiency Ratio | 60.64% | 61.61% | 62.11% | 53.22% | 68.55% | | Non-Accrual Loans as a % of Total Loans | 3.50% | 3.36% | 1.48% | 1.13% | 1.01% | | ACL as % of Non-Accrual Loans | 49.8% | 51.6% | 77.8% | 98.2% | 108.6% | [Loan and Deposit Portfolio Details](index=13&type=section&id=8.7.%20Loan%20and%20Deposit%20Portfolio%20Details) This section provides detailed quarterly data on the recorded investment in loans receivable by type, non-accruing loans within the portfolio, and the distribution of deposits by category, offering granular insights into the composition and quality of the loan and deposit books Recorded Investment in Loans Receivable by Quarter (thousand) | Loan Type | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | | :-------------------------------- | :------ | :------ | :------ | :------ | :------ | | Residential one-to-four family | $230,917 | $232,456 | $239,870 | $241,050 | $242,706 | | Commercial and multi-family | $2,177,268 | $2,221,218 | $2,246,677 | $2,296,886 | $2,340,385 | | Construction | $116,214 | $118,779 | $135,434 | $146,471 | $173,207 | | Commercial business | $315,333 | $330,358 | $342,799 | $371,365 | $375,355 | | Total loans, net | $2,860,453 | $2,917,610 | $2,996,259 | $3,087,914 | $3,161,925 | Non-Accruing Loans in Portfolio by Quarter (thousand) | Loan Type | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | | :-------------------------------- | :------ | :------ | :------ | :------ | :------ | | Residential one-to-four family | $1,436 | $1,138 | $1,387 | $410 | $350 | | Commercial and multi-family | $91,480 | $89,296 | $32,974 | $27,693 | $27,796 | | Commercial business | $7,769 | $8,374 | $9,530 | $6,498 | $3,673 | | Total Non-Accruing Loans | $101,764 | $99,833 | $44,708 | $35,330 | $32,448 | Distribution of Deposits by Quarter (thousand) | Deposit Type | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | | :-------------------------------- | :------ | :------ | :------ | :------ | :------ | | Non-Interest Bearing | $539,093 | $542,620 | $520,387 | $523,816 | $528,089 | | Interest Bearing Demand | $503,336 | $537,468 | $553,731 | $527,862 | $549,239 | | Money Market | $428,397 | $405,793 | $366,655 | $371,689 | $395,004 | | Certificates of Deposit | $932,123 | $945,895 | $1,029,245 | $1,046,859 | $1,231,815 | | Total Deposits | $2,661,534 | $2,686,508 | $2,750,858 | $2,724,580 | $2,935,239 | [Reconciliation of GAAP to Non-GAAP Financial Measures](index=14&type=section&id=8.8.%20Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Financial%20Measures) This section provides a reconciliation of GAAP to Non-GAAP financial measures, specifically for Tangible Book Value per Share and Efficiency Ratios, across multiple quarters, allowing for a clear understanding of how these non-GAAP metrics are derived and their trends Tangible Book Value per Share (thousand, except per share amounts) | Metric | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | | :-------------------------------- | :------ | :------ | :------ | :------ | :------ | | Total Stockholders' Equity | $315,735 | $314,722 | $323,925 | $328,113 | $320,732 | | Less: goodwill | $5,253 | $5,253 | $5,253 | $5,253 | $5,253 | | Less: preferred stock | $25,243 | $25,243 | $24,723 | $29,763 | $28,403 | | Total tangible common stockholders' equity | $285,239 | $284,226 | $293,949 | $293,097 | $287,076 | | Tangible book value per common share | $16.59 | $16.56 | $17.23 | $17.19 | $16.86 | Efficiency Ratios (thousand, except for ratio %) | Metric | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | | :-------------------------------- | :------ | :------ | :------ | :------ | :------ | | Net interest income | $23,102 | $22,005 | $22,194 | $23,045 | $23,639 | | Non-interest income (loss) | $2,076 | $1,791 | $938 | $3,127 | ($3,234) | | Total income | $25,178 | $23,796 | $23,132 | $26,172 | $20,405 | | Non-interest expense | $15,268 | $14,660 | $14,367 | $13,929 | $13,987 | | Efficiency Ratio | 60.64% | 61.61% | 62.11% | 53.22% | 68.55% |

BCB Bancorp (BCBP) reported $25.18 million in revenue for the quarter ended June 2025, representing a year-over-year increase of 23.4%. EPS of $0.18 for the same period compares to $0.14 a year ago.The reported revenue represents a surprise of +8.32% over the Zacks Consensus Estimate of $23.25 million. With the consensus EPS estimate being $0.18, the company has not delivered EPS surprise.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare ...

BCB Bancorp (BCBP) came out with quarterly earnings of $0.18 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this community bank would post earnings of $0.23 per share when it actually produced a loss of $0.51, delivering a surprise of -321.74%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.BCB Bancorp, which belongs ...

Core Viewpoint - BCB Bancorp, Inc. reported a net income of $3.6 million for Q2 2025, a significant recovery from a net loss of $8.3 million in Q1 2025, indicating a positive trend in core profitability driven by net interest margin expansion and balance sheet optimization [1][3][14]. Financial Performance - Net income for Q2 2025 was $3.6 million, compared to a net loss of $8.3 million in Q1 2025 and net income of $2.8 million in Q2 2024 [1][14]. - Earnings per diluted share for Q2 2025 was $0.18, recovering from a loss of ($0.51) in Q1 2025 and up from $0.14 in Q2 2024 [1][14]. - The provision for credit losses was $4.9 million in Q2 2025, down from $20.8 million in Q1 2025 and up from $2.4 million in Q2 2024 [8][18]. Balance Sheet Review - Total assets decreased by $218.7 million, or 6.1%, to $3.380 billion as of June 30, 2025, from $3.599 billion at December 31, 2024 [6]. - Total cash and cash equivalents decreased by $110.4 million, or 34.8%, to $206.9 million at June 30, 2025 [7]. - Loans receivable, net, decreased by $135.8 million, or 4.5%, to $2.860 billion at June 30, 2025 [8]. - Total deposits were $2.662 billion at June 30, 2025, down from $2.687 billion at March 31, 2025 [8][11]. Interest and Expense Analysis - Net interest margin for Q2 2025 was 2.80%, up from 2.59% in Q1 2025 and 2.60% in Q2 2024 [8][17]. - Interest income decreased by $6.3 million, or 12.7%, to $43.2 million for Q2 2025 compared to $49.4 million for Q2 2024 [15]. - Interest expense decreased by $5.7 million to $20.1 million for Q2 2025 from $25.8 million for Q2 2024 [16]. Asset Quality - Non-accrual loans totaled $101.8 million, or 3.50% of gross loans, at June 30, 2025, compared to $32.4 million, or 1.01%, at June 30, 2024 [31]. - The allowance for credit losses increased to $50.7 million, or 1.74% of gross loans, at June 30, 2025, from $34.8 million, or 1.15%, at December 31, 2024 [9][31]. Dividend Declaration - The Board of Directors declared a regular quarterly cash dividend of $0.16 per share, payable on August 25, 2025, to common shareholders of record on August 11, 2025 [2].

Core Insights - BCB Bank has promoted Daniel A. Araujo to Senior Vice President and Chief Lending Officer, reflecting the bank's commitment to a customer-first approach and organizational excellence [1][5] - Araujo has over 20 years of experience in the lending industry, having previously held significant roles at Citizens Bank and Investors Bank, where he led critical lending initiatives [2][3] - In his new role, Araujo will oversee credit policy, risk governance, and portfolio strategy, while enhancing customer experience through strategic vision and collaboration [4] Company Overview - BCB Community Bank, established in 2000 and headquartered in Bayonne, N.J., is a wholly-owned subsidiary of BCB Bancorp, Inc. (NASDAQ: BCBP) [6] - The bank operates twenty-three branches in New Jersey and four branches in New York, offering a wide range of loans, deposit products, and banking services to businesses and individuals [6]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 Or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number: 0-50275 BCB Bancorp, Inc. (Exact name of registrant as specified in its charter) New Jersey 26-0065262 (Sta ...

Exhibit 99.1 CONTACT: MICHAEL SHRINER, PRESIDENT & CEO JAWAD CHAUDHRY, EVP & CFO (201) 823-0700 BCB Bancorp, Inc. Reports Net Loss of $8.3 Million in First Quarter 2025; Declares Quarterly Cash Dividend of $0.16 Per Share BAYONNE, N.J., April 22, 2025 — BCB Bancorp, Inc. (the "Company"), (NASDAQ: BCBP), the holding company for BCB Community Bank (the "Bank"), today reported a net loss of $8.3 million for the first quarter of 2025, compared to net income of $3.3 million in the fourth quarter of 2024, and net ...

Financial Performance - BCB Bancorp reported a quarterly loss of $0.51 per share, significantly missing the Zacks Consensus Estimate of $0.23, and down from earnings of $0.32 per share a year ago, representing an earnings surprise of -321.74% [1] - The company posted revenues of $23.8 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 1.55%, and down from $25.25 million in the same quarter last year [2] - Over the last four quarters, BCB Bancorp has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [2] Stock Performance - BCB Bancorp shares have declined approximately 20.6% since the beginning of the year, compared to a decline of 12.3% for the S&P 500 [3] - The current Zacks Rank for BCB Bancorp is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.26 on revenues of $25.19 million, and for the current fiscal year, it is $1.15 on revenues of $103.85 million [7] - The estimate revisions trend for BCB Bancorp is mixed, and changes in earnings expectations may occur following the recent earnings report [6] Industry Context - The Banks - Northeast industry, to which BCB Bancorp belongs, is currently in the top 25% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Another company in the same industry, Tompkins Financial, is expected to report quarterly earnings of $1.30 per share, reflecting a year-over-year change of +10.2% [9]