Core Insights - BCB Bancorp, Inc. reported a net income of $4.3 million for Q3 2025, an increase from $3.6 million in Q2 2025 but a decrease from $6.7 million in Q3 2024 [1][14] - The company declared a quarterly cash dividend of $0.16 per share, payable on November 24, 2025 [2] - The CEO highlighted a profitable quarter with improved capital ratios and a strong liquidity position, alongside an expanding net interest margin [3] Financial Performance - Net interest income for Q3 2025 was $23.7 million, a slight increase from $23.1 million in Q2 2025, but a decrease from $23.0 million in Q3 2024 [40] - The net interest margin increased to 2.88% in Q3 2025 from 2.80% in Q2 2025 and 2.58% in Q3 2024 [8][17] - Total assets decreased by $246 million, or 6.8%, to $3.353 billion as of September 30, 2025, primarily due to strategic initiatives to enhance capital ratios [6] Asset Quality - The company recognized $16.9 million in net charge-offs during Q3 2025, significantly higher than $3.4 million in Q3 2024, largely due to a $12.7 million charge-off related to a cannabis loan [18][30] - Non-accrual loans totaled $93.5 million, or 3.31% of gross loans, at September 30, 2025, compared to $35.3 million, or 1.13%, a year earlier [31] Balance Sheet Highlights - Total deposits were $2.687 billion at September 30, 2025, a slight increase from $2.662 billion at June 30, 2025 [8][11] - The allowance for credit losses increased to $37.8 million, or 1.34% of gross loans, as of September 30, 2025, compared to $34.8 million, or 1.15%, at December 31, 2024 [9][19] - Stockholders' equity decreased by $5.5 million, or 1.7%, to $318.5 million at September 30, 2025, primarily due to a decline in retained earnings [13] Year-to-Date Performance - For the first nine months of 2025, the company reported a net loss of $498,000, a significant decline from a profit of $15.4 million in the same period of 2024 [23][42] - Net interest income for the first nine months of 2025 was $130.4 million, down 11.5% from $147.4 million in 2024 [24] - Non-interest income increased to $6.6 million for the first nine months of 2025, compared to $2.0 million in the same period of 2024 [27]

Group 1 - The stock of BCB Bancorp, Inc. (BCBP) is experiencing significant attention due to high implied volatility in the options market, particularly for the Jan 16, 2026 $05.00 Call option [1] - Implied volatility indicates the market's expectation of future price movement, suggesting that investors anticipate a significant change in the stock's price, potentially due to an upcoming event [2] - BCB Bancorp currently holds a Zacks Rank 3 (Hold) in the Banks - Northeast industry, which is in the top 24% of the Zacks Industry Rank, with no recent changes in analyst estimates for the current quarter [3] Group 2 - The high implied volatility for BCB Bancorp may indicate a developing trading opportunity, as options traders often seek to sell premium on options with high implied volatility to capture decay [4]

Core Viewpoint - The market anticipates a year-over-year decline in earnings for BCB Bancorp (BCBP) due to lower revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - BCB Bancorp is expected to report quarterly earnings of $0.21 per share, reflecting a year-over-year decrease of 41.7% [3]. - Revenues are projected to be $25.68 million, down 1.9% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 6.52% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for BCB Bancorp matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with significant predictive power for positive readings [9][10]. - BCB Bancorp's current Zacks Rank is 3, making it challenging to predict an earnings beat [12]. Historical Performance - In the last reported quarter, BCB Bancorp met the expected earnings of $0.18 per share, resulting in no surprise [13]. - Over the past four quarters, the company has only beaten consensus EPS estimates once [14]. Industry Comparison - In the Zacks Banks - Northeast industry, Equity Bancshares (EQBK) is expected to post earnings of $0.99 per share, indicating a year-over-year change of -24.4% [18]. - Equity Bancshares' revenue is expected to be $69.35 million, up 25.3% from the previous year, with a revised EPS estimate reflecting an 8.4% increase [19].

Core Insights - BCB Bancorp has faced significant challenges in the current year, reporting a notable loss in the first quarter due to the reclassification of a $34.2 million loan to non-accrual status [1] Company Summary - The company reported a significant loss in the first quarter, primarily attributed to the reclassification of a loan to non-accrual status [1] Industry Summary - The financial market is characterized by efficiency, with most stocks reflecting their real current value, suggesting that opportunities for profit may arise from less-followed stocks or those not accurately reflecting market opportunities [1]

PART I. CONSOLIDATED FINANCIAL INFORMATION This section presents the company's consolidated financial statements and notes, detailing financial position and performance [Item 1. Consolidated Financial Statements](index=3&type=section&id=ITEM%20I.%20CONSOLIDATED%20FINANCIAL%20STATEMENTS) This section provides an overview of the Company's financial position, operational performance, comprehensive income, equity changes, and cash flows for the reported periods, along with detailed notes on accounting policies and specific financial items [Consolidated Statements of Financial Condition](index=3&type=section&id=Consolidated%20Statements%20of%20Financial%20Condition) This section presents the Company's assets, liabilities, and equity at specific points in time | Metric | June 30, 2025 (in thousands) | December 31, 2024 (in thousands) | | :--------------------------------- | :----------------------------- | :------------------------------- | | Total Assets | $3,380,461 | $3,599,118 | | Total Liabilities | $3,064,726 | $3,275,193 | | Total Stockholders' Equity | $315,735 | $323,925 | | Loans receivable, net | $2,860,453 | $2,996,259 | | Total deposits | $2,661,534 | $2,750,858 | [Consolidated Statements of Operations](index=4&type=section&id=Consolidated%20Statements%20of%20Operations) This section details the Company's revenues, expenses, and net income or loss over specific periods | Metric | Three Months Ended June 30, 2025 (in thousands) | Three Months Ended June 30, 2024 (in thousands) | | :--------------------------------- | :---------------------------------------------- | :---------------------------------------------- | | Net Income (Loss) | $3,564 | $2,817 | | Net Income (Loss) available to common stockholders | $3,082 | $2,369 | | Basic EPS | $0.18 | $0.14 | | Diluted EPS | $0.18 | $0.14 | | Metric | Six Months Ended June 30, 2025 (in thousands) | Six Months Ended June 30, 2024 (in thousands) | | :--------------------------------- | :-------------------------------------------- | :-------------------------------------------- | | Net Income (Loss) | $(4,760) | $8,683 | | Net Income (Loss) available to common stockholders | $(5,724) | $7,801 | | Basic EPS | $(0.33) | $0.46 | | Diluted EPS | $(0.33) | $0.46 | | Metric | Six Months Ended June 30, 2025 (in thousands) | Six Months Ended June 30, 2024 (in thousands) | | :--------------------------------- | :-------------------------------------------- | :-------------------------------------------- | | Total interest income | $87,373 | $98,730 | | Total interest expense | $42,266 | $51,948 | | Provision for credit losses | $25,736 | $4,526 | [Consolidated Statements of Comprehensive Income (Loss)](index=5&type=section&id=Consolidated%20Statements%20of%20Comprehensive%20Income%20(Loss)) This section presents the Company's net income and other comprehensive income or loss components | Metric | Three Months Ended June 30, 2025 (in thousands) | Three Months Ended June 30, 2024 (in thousands) | | :--------------------------------- | :---------------------------------------------- | :---------------------------------------------- | | Net Income (Loss) | $3,564 | $2,817 | | Other comprehensive income (loss), net of tax | $170 | $(171) | | Comprehensive income | $3,734 | $2,646 | | Metric | Six Months Ended June 30, 2025 (in thousands) | Six Months Ended June 30, 2024 (in thousands) | | :--------------------------------- | :-------------------------------------------- | :-------------------------------------------- | | Net Income (Loss) | $(4,760) | $8,683 | | Other comprehensive income (loss), net of tax | $1,140 | $(304) | | Comprehensive income | $(3,620) | $8,379 | [Consolidated Statement of Changes in Stockholders' Equity](index=6&type=section&id=Consolidated%20Statement%20of%20Changes%20in%20Stockholders'%20Equity) This section outlines the changes in the Company's equity accounts over the reporting period | Metric | January 1, 2025 (in thousands) | June 30, 2025 (in thousands) | | :--------------------------------- | :----------------------------- | :--------------------------- | | Total Stockholders' Equity | $323,925 | $315,735 | | Net loss (six months) | N/A | $(4,760) | | Other comprehensive income (six months) | N/A | $1,140 | | Cash dividends on common stock (six months) | N/A | $(5,347) | [Consolidated Statements of Cash Flows](index=9&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) This section reports the cash generated and used by the Company's operating, investing, and financing activities | Metric | Six Months Ended June 30, 2025 (in thousands) | Six Months Ended June 30, 2024 (in thousands) | | :--------------------------------- | :-------------------------------------------- | :-------------------------------------------- | | Net Cash Provided by Operating Activities | $15,342 | $16,415 | | Net Cash Provided by (Used In) Investing Activities | $88,673 | $76,872 | | Net Cash (Used in) Provided by Financing Activities | $(214,445) | $(45,940) | | Net (Decrease) Increase in Cash and Cash Equivalents | $(110,430) | $47,347 | | Cash and Cash Equivalents-Ending | $206,852 | $326,870 | [Notes to Unaudited Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20Unaudited%20Consolidated%20Financial%20Statements) This section provides detailed explanations and additional information supporting the consolidated financial statements [Note 1 – Basis of Presentation](index=10&type=section&id=Note%201%20%E2%80%93%20Basis%20of%20Presentation) This note describes the foundational principles and scope used in preparing the financial statements - BCB Bancorp, Inc. is a New Jersey bank holding company, operating BCB Community Bank with 27 locations in New Jersey and New York[29](index=29&type=chunk) - The Bank's primary business involves attracting deposits and investing them in securities and loans collateralized by residential and commercial real estate, business, and consumer loans[29](index=29&type=chunk) - The Company operates as a single reportable segment, with the CEO evaluating performance based on consolidated net interest income and net income[31](index=31&type=chunk) [Note 2 – Recent Accounting Pronouncements](index=10&type=section&id=Note%202%20%E2%80%93%20Recent%20Accounting%20Pronouncements) This note outlines recently issued accounting standards and their impact on the Company's financial reporting - FASB issued ASU 2024-02 (Codification Improvements), effective January 1, 2025, which did not materially impact the Company's financial statements[35](index=35&type=chunk) - FASB issued ASU 2023-09 (Income Taxes), effective for annual periods after December 15, 2024, enhancing income tax disclosures, which the Company is currently evaluating[36](index=36&type=chunk) - The allowance for credit losses (ACL) is a critical accounting policy, estimated using quantitative models (regression-based DCF) and qualitative factors, covering lifetime expected credit losses on financial assets and off-balance sheet commitments[38](index=38&type=chunk)[74](index=74&type=chunk) - Starting Q1 2025, cannabis-related loans are segmented separately due to unique risks, with a portfolio balance of **$103.0 million** at June 30, 2025[40](index=40&type=chunk) [Note 3 – Reclassification](index=11&type=section&id=Note%203%20%E2%80%93%20Reclassification) This note explains any reclassifications made to prior period financial statements for consistent presentation - Certain amounts were reclassified to conform to the current period's presentation, with no effect on the Company's results of operations or financial position[45](index=45&type=chunk) [Note 4 – Equity Incentive Plans](index=12&type=section&id=Note%204%20%E2%80%93%20Equity%20Incentive%20Plans) This note details the Company's equity-based compensation programs for employees and directors - The Company has three equity incentive plans (2023, 2018, 2011) authorizing common stock grants for employees and directors, including stock options and restricted stock awards[47](index=47&type=chunk)[48](index=48&type=chunk)[49](index=49&type=chunk) - In February 2025, **63,763 stock options** were granted to officers, vesting over 3 years, and **43,773 restricted shares** were awarded to directors, vesting over 1 year[50](index=50&type=chunk)[51](index=51&type=chunk) | Metric | June 30, 2025 | June 30, 2024 | | :--------------------------------- | :------------ | :------------ | | Non-vested Restricted Shares | 84,043 | 114,402 | | Weighted Average Grant Date Fair Value (Restricted Shares) | $11.32 | $12.42 | | Outstanding Stock Options | 957,738 | N/A | | Weighted

Core Viewpoint - Bcb Bancorp returned to profitability in Q2 2025, reporting earnings per diluted share of $0.18, surpassing analyst estimates and reversing a loss from the previous quarter [1][5][9] Financial Performance - GAAP net income for Q2 2025 was $3.6 million, compared to a net loss in the prior quarter [5] - Revenue increased to $25.18 million, up 23.3% year-over-year from $20.41 million in Q2 2024 [2] - Net interest margin improved to 2.80%, up from 2.60% in the previous year [2][5] - Efficiency ratio improved to 60.6%, down from 68.6% in Q2 2024, indicating better control of operating expenses [2][6] - Return on average assets rose to 0.42%, up from 0.30% in Q2 2024 [2] Asset Quality and Risks - Non-accrual loans increased to $101.8 million, representing 3.50% of gross loans, significantly higher than 1.01% in Q2 2024 [7] - The allowance for credit losses covered only 49.8% of non-accruals, down from over 100% a year ago [7] - Provision expenses for credit losses totaled $4.9 million, an increase from $2.4 million in Q2 2024 [7] Business Strategy - The company focuses on commercial and multi-family real estate lending, which constitutes approximately 74.8% of total gross loans [3] - Bcb Bancorp emphasizes a community banking model with personalized service and strong local relationships [4] - The strategy includes disciplined risk management and maintaining balance sheet strength amid increased competition in the banking sector [4] Future Outlook - Management did not provide explicit financial guidance for Q3 or full fiscal 2025, noting that recent credit actions have impacted short-term profitability [9] - Investors are advised to monitor trends in asset quality, particularly the rising non-accrual loans and the adequacy of reserves [10]

[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% |

Core Insights - BCB Bancorp reported revenue of $25.18 million for Q2 2025, a year-over-year increase of 23.4% and a surprise of +8.32% over the Zacks Consensus Estimate of $23.25 million [1] - The company's EPS for the same period was $0.18, unchanged from the consensus estimate, compared to $0.14 a year ago [1] Financial Performance Metrics - Net Interest Margin was reported at 2.8%, exceeding the two-analyst average estimate of 2.5% [4] - The Efficiency Ratio stood at 60.6%, better than the average estimate of 64.7% based on two analysts [4] - Total Non-Interest Income was $2.08 million, surpassing the average estimate of $1.94 million [4] - Net Interest Income reached $23.1 million, compared to the average estimate of $21.31 million [4] Stock Performance - BCB Bancorp shares returned +1.8% over the past month, while the Zacks S&P 500 composite increased by +4.9% [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance against the broader market in the near term [3]

Group 1: Earnings Performance - BCB Bancorp reported quarterly earnings of $0.18 per share, matching the Zacks Consensus Estimate, and an increase from $0.14 per share a year ago [1] - The company posted revenues of $25.18 million for the quarter ended June 2025, exceeding the Zacks Consensus Estimate by 8.32%, compared to $20.41 million in the same quarter last year [2] - Over the last four quarters, BCB Bancorp has surpassed consensus EPS estimates only once [1] Group 2: Stock Performance and Outlook - BCB Bancorp shares have declined approximately 27.5% since the beginning of the year, contrasting with the S&P 500's gain of 8.6% [3] - The current consensus EPS estimate for the upcoming quarter is $0.23 on revenues of $24.41 million, and for the current fiscal year, it is $0.14 on revenues of $96.65 million [7] - The estimate revisions trend for BCB Bancorp was unfavorable prior to the earnings release, resulting in a Zacks Rank 5 (Strong Sell) for the stock, indicating expected underperformance in the near future [6] Group 3: Industry Context - The Zacks Industry Rank for Banks - Northeast places it in the top 15% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

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].