Core Viewpoint - BCB Bancorp reported quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.36 per share, and showing a decline from $0.60 per share a year ago, indicating ongoing challenges in meeting earnings expectations [1][3] Financial Performance - The company posted revenues of $25.25 million for the quarter ended March 2024, which was 6.02% below the Zacks Consensus Estimate and a decrease from $25.81 million in the same quarter last year [1] - Over the last four quarters, BCB Bancorp has consistently failed to surpass consensus EPS and revenue estimates [1] Stock Performance - BCB Bancorp shares have declined approximately 25.9% since the beginning of the year, contrasting with the S&P 500's gain of 5.1% [2] - The current Zacks Rank for BCB Bancorp is 3 (Hold), suggesting that the stock is expected to perform in line with the market in the near future [4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.37 on revenues of $27.53 million, and for the current fiscal year, it is $1.48 on revenues of $111.37 million [4] - The trend of estimate revisions for BCB Bancorp is mixed, which could change following the recent earnings report [4] Industry Context - The Banks - Northeast industry, to which BCB Bancorp belongs, is currently ranked in the bottom 41% of over 250 Zacks industries, indicating potential headwinds for stock performance [5] - Valley National, another company in the same industry, is expected to report a quarterly earnings decline of 33.3% year-over-year, with revenues anticipated to drop 8.8% from the previous year [5][6]

Financial Performance - Net income for the first quarter of 2024 was $5.9 million, down from $8.1 million in the first quarter of 2023, with earnings per diluted share at $0.32 compared to $0.46 a year ago[1][9] - Net income available to common stockholders was $5,432,000, down 7.6% from Q4 2023 and down 31.5% from Q1 2023[22] - Basic earnings per share for Q1 2024 was $0.32, a decrease of 7.9% from Q4 2023 and down 31.5% from Q1 2023[22] - Net income for Q1 2024 was $5,866 thousand, down 3.2% from $6,062 thousand in Q4 2023[27] Deposits and Loans - Total deposits increased by $12.6 million, or 0.4%, to $2.992 billion at March 31, 2024, from $2.979 billion at December 31, 2023[3][7] - Total loans receivable decreased by $52.8 million, or 1.6%, to $3.227 billion at March 31, 2024, from $3.280 billion at December 31, 2023[5][6] - Total deposits grew to $2,991,659 thousand, a 0.4% increase from $2,979,080 thousand in the previous quarter[23] Interest Income and Expenses - Net interest income decreased by $4.3 million, or 15.8%, to $23.1 million for the first quarter of 2024, primarily due to higher interest expenses[9][10] - Total interest and dividend income for Q1 2024 was $49,285,000, a decrease of 0.8% from Q4 2023 and an increase of 16.4% from Q1 2023[22] - Interest expense increased by 1.4% from Q4 2023 to $26,142,000, and increased by 75.7% from Q1 2023[22] - Net interest income for Q1 2024 was $23,143 thousand, down from $27,471 thousand in Q4 2023[24] Credit Losses and Non-Performing Loans - The provision for credit losses was $2.1 million in the first quarter of 2024, compared to $622 thousand in the first quarter of 2023[4][12] - Non-accrual loans totaled $22.2 million, or 0.68% of gross loans, at March 31, 2024, compared to $5.1 million, or 0.16%, a year earlier[15] - The company reported a provision for credit losses of $2,088,000, an increase of 8.4% from Q4 2023 and 235.7% from Q1 2023[22] - Non-accrual loans increased to $22,241 thousand, representing 0.68% of total loans, up from 0.57% in the previous quarter[25] Efficiency and Ratios - The efficiency ratio improved to 58.8% in the first quarter of 2024, down from 61.0% in the prior quarter[4] - The annualized return on average assets was 0.61% for the first quarter of 2024, compared to 0.90% in the first quarter of 2023[4] - The efficiency ratio for Q1 2024 was 58.76%, an increase from 52.32% in Q1 2023[32] Assets and Liabilities - Total assets increased to $3,849,195 thousand as of March 31, 2024, up 0.4% from $3,832,397 thousand in the previous quarter[23] - Total liabilities increased to $3,529,064 thousand, a 0.3% rise from $3,518,342 thousand in the previous quarter[23] Economic Challenges - The company highlighted ongoing economic challenges, including inflation and interest rate increases, which may impact future financial performance[18]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x Annual Report Pursuant To Section 13 or 15(d) Of The Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023. 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: 000-50275 BCB BANCORP, INC. (Exact name of registrant as specified in its charter) | - ...

BCB Bancorp (BCBP) reported $27.15 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 13.1%. EPS of $0.35 for the same period compares to $0.69 a year ago.The reported revenue represents a surprise of -0.66% over the Zacks Consensus Estimate of $27.33 million. With the consensus EPS estimate being $0.37, the EPS surprise was -5.41%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Str ...

BCB Bancorp (BCBP) came out with quarterly earnings of $0.35 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.69 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.41%. A quarter ago, it was expected that this community bank would post earnings of $0.50 per share when it actually produced earnings of $0.39, delivering a surprise of -22%.Over the last four quarters, the company ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to fi ...

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 September 30, 2023 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 ...

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, 2023 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 (Stat ...

Part I [Consolidated Financial Statements](index=3&type=section&id=Item%201.%20Consolidated%20Financial%20Statements) BCB Bancorp's Q1 2023 net income declined to $8.1 million due to higher credit loss provisions and unrealized investment losses [Financial Condition (Balance Sheet)](index=3&type=section&id=Consolidated%20Statements%20of%20Financial%20Condition) Total assets increased by **6.1%** to **$3.76 billion** as of March 31, 2023, primarily driven by loan growth Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2023 | December 31, 2022 | Change (%) | | :--- | :--- | :--- | :--- | | **Total Assets** | **$3,763,056** | **$3,546,193** | **+6.1%** | | Total cash and cash equivalents | $261,075 | $229,359 | +13.8% | | Loans receivable, net | $3,231,864 | $3,045,331 | +6.1% | | Debt securities available for sale | $86,988 | $91,715 | -5.2% | | **Total Liabilities** | **$3,465,438** | **$3,254,939** | **+6.5%** | | Total deposits | $2,867,209 | $2,811,607 | +2.0% | | FHLB advances | $532,399 | $382,261 | +39.3% | | **Total Stockholders' Equity** | **$297,618** | **$291,254** | **+2.2%** | [Results of Operations (Income Statement)](index=4&type=section&id=Consolidated%20Statements%20of%20Income) Q1 2023 net income decreased to **$8.1 million** due to higher loan loss provisions and unrealized investment losses Income Statement Summary (in thousands, except per share data) | Metric | Q1 2023 | Q1 2022 | Change (%) | | :--- | :--- | :--- | :--- | | Net Interest Income | $27,471 | $25,072 | +9.6% | | Provision (credit) for loan losses | $622 | $(2,575) | N/A | | Total non-interest income | $(1,664) | $(600) | -177.3% | | Total non-interest expense | $13,854 | $12,959 | +6.9% | | **Net Income** | **$8,106** | **$9,952** | **-18.5%** | | **Diluted EPS** | **$0.46** | **$0.56** | **-17.9%** | [Cash Flows](index=7&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Q1 2023 cash and cash equivalents increased by **$31.7 million**, primarily from operating and financing activities, offset by investing in loans Cash Flow Summary (in thousands) | Activity | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Net Cash Provided by Operating Activities | $16,414 | $11,752 | | Net Cash Used In Investing Activities | $(185,704) | $(90,992) | | Net Cash Provided by Financing Activities | $201,006 | $64,264 | | **Net Increase (Decrease) in Cash** | **$31,716** | **$(14,976)** | [Loan Portfolio and Credit Quality](index=13&type=section&id=Note%207%20-%20Loans%20Receivable%20and%20Allowance%20for%20Credit%20Losses) Gross loans grew to **$3.27 billion**, primarily in commercial and multi-family segments, with CECL adoption impacting ACL and strong asset quality Loan Portfolio Composition (in thousands) | Loan Class | March 31, 2023 | December 31, 2022 | | :--- | :--- | :--- | | Commercial and multi-family | $2,466,932 | $2,345,229 | | Commercial business | $327,598 | $282,007 | | Residential one-to-four family | $246,683 | $250,123 | | Construction | $162,553 | $144,931 | | Home equity & Consumer | $62,205 | $60,128 | | **Total Gross Loans** | **$3,265,971** | **$3,082,418** | - Effective January 1, 2023, the company adopted the CECL methodology, resulting in a **$4.2 million decrease** in the allowance for credit losses on loans and a **$1.3 million increase** for off-balance sheet exposures, leading to a **net $2.9 million increase** to retained earnings (net of tax)[21](index=21&type=chunk)[48](index=48&type=chunk) Credit Quality Indicators | Metric | March 31, 2023 | December 31, 2022 | | :--- | :--- | :--- | | Non-Accrual Loans | $5,058 | $5,109 | | Non-Accrual Loans / Gross Loans | 0.16% | 0.17% | | Allowance for Credit Losses (ACL) | $28,882 | $32,373 | | ACL / Gross Loans | 0.89% | 1.05% | [Management's Discussion and Analysis (MD&A)](index=28&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses asset growth, net interest income trends, and factors impacting net income, highlighting strong liquidity and capital, including a **9.26%** CBLR [Analysis of Net Interest Income](index=30&type=section&id=Net%20Interest%20Income%20Analysis) Net interest income increased to **$27.5 million**, driven by higher asset yields, but net interest margin compressed to **3.15%** due to rising liability costs Net Interest Margin and Spread Analysis | Metric | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Average Yield on Earning Assets | 4.86% | 3.82% | | Average Cost of Bearing Liabilities | 2.24% | 0.50% | | Net Interest Rate Spread | 2.62% | 3.32% | | Net Interest Margin | 3.15% | 3.46% | [Liquidity and Capital Resources](index=31&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains strong liquidity with significant borrowing capacity and remains well-capitalized, reporting a Community Bank Leverage Ratio of **9.26%** - The company has access to multiple liquidity sources, including an additional **$385.0 million** in funding from the FHLB and an overall wholesale borrowing capacity of **over $800 million**[111](index=111&type=chunk) Bank Regulatory Capital Ratios | Ratio | As of March 31, 2023 | Well-Capitalized Requirement | | :--- | :--- | :--- | | Community Bank Leverage Ratio | 9.26% | 9.00% | [Market Risk Disclosures](index=33&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) The company's primary market risk is interest rate risk, with NPV analysis indicating moderate sensitivity to rate changes, showing a **1.23%** decrease for a 100 bps upward shift Net Portfolio Value (NPV) Sensitivity Analysis | Change in Rates (bps) | % Change from PAR in NPV | | :--- | :--- | | +300 | -6.12% | | +200 | -3.45% | | +100 | -1.23% | | PAR | 0.00% | | -100 | -0.41% | Part II [Risk Factors](index=34&type=section&id=Item%201A.%20Risk%20Factors) The company highlights material changes to risk factors, including banking industry instability impacting customer confidence and deposit competition, and potential losses from declining securities values due to rising rates - Recent bank failures and negative media attention have generated market volatility and could negatively impact customer confidence, deposit costs, and regulatory scrutiny for community banks[120](index=120&type=chunk)[121](index=121&type=chunk) - Rising interest rates have decreased the value of the company's securities portfolio. If required to sell these securities to meet liquidity needs, the company could realize losses, potentially impairing capital and profitability[123](index=123&type=chunk)[124](index=124&type=chunk) [Share Repurchases and Other Items](index=34&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company reported no material legal proceedings and repurchased **151,753** shares at an average price of **$16.83** per share during Q1 - The company is not involved in any material legal proceedings[119](index=119&type=chunk) Share Repurchases in Q1 2023 | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | Jan 2023 | - | - | | Feb 2023 | 57,953 | $17.45 | | Mar 2023 | 93,800 | $16.45 | | **Total** | **151,753** | **$16.83** |

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x Annual Report Pursuant To Section 13 or 15(d) Of The Securities Exchange Act of 1934 For the fiscal year ended December 31, 2022. 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: 000-50275 BCB BANCORP, INC. (Exact name of registrant as specified in its charter) | - ...