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]