BCB Bancorp, Inc. Earns $3.6 Million in Second Quarter 2025; Reports $0.18 EPS and Declares Quarterly Cash Dividend of $0.16 Per Share

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].