BCB Bancorp, Inc. Announces Results for the Third Quarter 2026; Achieves Substantial Progress Towards Restructured Balance Sheet

Loan disposals reduced problem-loan balances, while credit provisions and a deferred-tax valuation allowance weighed on quarterly results.

Rhea-AI Summary

BCB Bancorp (NASDAQ: BCBP) reported a third-quarter 2026 net loss attributable to common stockholders of $132.5 million as it restructured its balance sheet. The loss was $6.92 per diluted share, versus earnings of $0.22 a year earlier. Results included a $115.0 million credit-loss provision and a $59.9 million valuation allowance against deferred tax assets.

BCB completed a $98.0 million equity offering, generating $91.4 million in net proceeds, and sold $204.3 million of problem loans. Another $100.9 million of loans moved to held-for-sale status. Quarterly net charge-offs totaled $89.7 million. Non-accrual loans fell to $22.4 million from $61.2 million at June 30. Regulatory capital remained well-capitalized, with Bank and consolidated leverage ratios of 9.0% and 8.4%. Net interest margin was 3.03%, unchanged sequentially and above 2.88% a year earlier. BCB also reorganized executive responsibilities.

14 points · 2 major

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

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1 major · 18 points

How the balance works

Positive

• Major pointCompleted $98.0 million equity offering generated $91.4 million in net proceeds. 37% of market cap
• Major pointProblem-loan sales totaling $204.3 million reduced credit exposure. 78% of market cap
• Moderate pointNon-accrual loans fell to $22.4 million at September 30, 2026, from $61.2 million at June 30, 2026.
• Moderate pointPast-due loans fell to $52.2 million at September 30, 2026, from $122.8 million at June 30, 2026.
• Moderate pointCriticized and classified loans fell to $198.9 million at September 30, 2026, from $367.4 million at June 30, 2026.
• Moderate pointLoan-loss allowance reached $70.3 million, covering 313.4% of non-accrual loans versus 73.5% at June 30, 2026.
• Moderate pointThird-quarter net interest margin was 3.03%, unchanged sequentially and above 2.88% in third-quarter 2025.
• Moderate pointThird-quarter interest expense fell to $15.8 million from $19.3 million a year earlier.
• Moderate pointCash and cash equivalents rose to $500.3 million at September 30, 2026, from $276.6 million at December 31, 2025.
• Moderate pointFHLB advances fell to $100.0 million at September 30, 2026, from $235.0 million at December 31, 2025.
• Moderate pointThird-quarter efficiency ratio improved to 78.5% from 96.8% sequentially, but exceeded 62.6% a year earlier.

3 minor points

• Minor pointRegulatory capital remained well-capitalized; Bank and consolidated leverage ratios were 9.0% and 8.4% at September 30, 2026.
• Minor pointHolding-company liquidity included approximately $20 million of retained offering proceeds.
• Minor pointFHLB advances' weighted average interest rate fell to 4.03% from 4.53% at December 31, 2025.

Negative

• Major pointThird-quarter common-stockholder loss widened to $132.5 million from $14.8 million sequentially, versus $3.8 million year-earlier income.
• Moderate pointThird-quarter net charge-offs reached $89.7 million, versus $16.9 million a year earlier. 34% of market cap
• Moderate pointThird-quarter interest income fell 10.8% year over year to $38.4 million.
• Moderate pointAverage interest-earning assets fell 9.3% year over year to $2.962 billion in the third quarter.
• Moderate pointNet loans fell to $2.180 billion at September 30, 2026, from $2.588 billion at June 30, 2026.
• Moderate pointStockholders' equity fell 19.1% to $246.1 million from December 31, 2025, despite the capital raise.

12 minor points

• Minor pointThird-quarter diluted loss was $6.92 per share, versus $0.85 sequentially and $0.22 earnings a year earlier.
• Minor pointNine-month common-stockholder loss widened to $142.8 million from $1.9 million in 2025.
• Minor pointNine-month diluted loss widened to $7.98 per share from $0.11 in 2025.
• Minor pointThird-quarter credit-loss provision rose to $115.0 million from $19.0 million sequentially and $4.1 million a year earlier.
• Minor pointDeferred-tax asset valuation allowance of $59.9 million weighed on third-quarter results.
• Minor pointThird-quarter earning-asset yield fell to 5.14% from 5.25% sequentially and 5.23% a year earlier.
• Minor pointThird-quarter professional fees increased $2.1 million year over year.
• Minor pointThird-quarter salaries and employee benefits increased $1.6 million year over year.
• Minor pointThird-quarter annualized return on average assets fell to (17.0)%, versus (1.83)% sequentially and 0.50% a year earlier.
• Minor pointThird-quarter annualized return on average equity fell to (172.7)%, versus (19.2)% sequentially and 5.4% a year earlier.
• Minor pointDeposits fell to $2.609 billion at September 30, 2026, from $2.636 billion at June 30, 2026.
• Minor pointFHLB advances had a weighted average maturity of less than ninety days at September 30, 2026.

News Explained

At September 30, cash had risen to $500.3 million, while $198.9 million of criticized and classified loans remained.

The third-quarter balance sheet shows BCB Bancorp had $500.3 million in cash and cash equivalents at September 30, 2026, versus $276.6 million at year-end; the company attributed the increase mainly to loan-sale and capital-raise proceeds.

Criticized and classified loans totaled $198.9 million at September 30, down from $367.4 million at June 30, and were 8.84% of gross loans held for investment.

Key Figures

Net loss attributable to common stockholders: $132.5 million loss Loss per diluted share: ($6.92) Provision for credit losses: $115.0 million +5 more

Net loss attributable to common stockholders

$132.5 million loss

Third quarter 2026

Loss per diluted share

($6.92)

Third quarter 2026

Provision for credit losses

$115.0 million

Third quarter 2026

Problem-loan portfolio sales

$204.3 million

Completed during the third quarter

Charge-off on sold portfolios

$42.3 million

Allowance for credit losses on loans

Equity capital raise

$98.0 million

Underwritten public offering

Net offering proceeds

$91.4 million

Including exercise of the underwriters’ option

Deferred tax asset valuation allowance

$59.9 million

Established in the third quarter

Historical Context

1 past event · Latest: Sep 25

1 event

1. Sep 25

   loan sale agreements

   24h Move

   +0.0%

   Previously announced agreements for problem-loan sales were reported as completed in the quarter.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

underwritten public offering, held-for-sale, valuation allowance, non-accrual loans, +1 more

5 terms

underwritten public offering financial

"through an underwritten public offering"

An underwritten public offering is when a company sells new shares of its stock to the public with the help of a financial firm, called an underwriter. The underwriter agrees to buy all the shares upfront, reducing the company's risk, and then sells them to investors. This process helps companies raise money quickly and confidently from a wide range of buyers.

held-for-sale financial

"Transferred an additional $100.9 million of loans to held-for-sale."

An asset classified as "held-for-sale" is one a company has decided to sell rather than keep using, and expects to complete the sale within a short time frame. Investors care because the asset is removed from normal operations and is reported at the lower of its book value or estimated sale value, which can change the balance sheet, signal a shift in strategy, and affect expected cash proceeds—think of it as marking an item in a garage for immediate sale rather than keeping it in the attic.

valuation allowance financial

"$59.9 million in valuation allowance established against the Company’s deferred tax asset"

A valuation allowance is a reserve set aside to reduce the value of certain assets on a company's financial records when there is uncertainty about whether they will generate the expected benefits. It acts like a caution sign, indicating that some assets might not be fully recoverable or worth their recorded amount. This matters to investors because it provides a more realistic picture of a company's financial health and potential risks.

non-accrual loans financial

"Total non-accrual loans were $22.4 million at September 30, 2026"

A non-accrual loan is a loan a lender has decided is unlikely to produce the scheduled interest payments, so the lender stops counting future interest as income and may record the loan at a reduced value. Think of it like renting out a house where the tenant has stopped paying: you stop counting future rent as earnings because it’s uncertain you’ll get it. For investors, a rise in non-accrual loans signals worsening credit quality, lower reported income and higher potential losses that can weaken a bank’s capital and share price.

net charge-offs financial

"The net charge-offs during the quarter totaled $89.7 million."

Net charge-offs are the amount of loans or credit a lender removes from its books as uncollectible after subtracting any money later recovered from previously written-off accounts. Think of it like a store writing off unpaid tabs but getting back a few dollars later — the net figure shows the real loss. Investors watch this to judge a lender’s loan quality, future profits and how much capital may be needed to cover bad debts.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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• Successfully completed a $98.0 million equity capital raise through an underwritten public offering.
• Maintained well-capitalized regulatory capital levels.
• Reduced credit risk through the sale of $204.3 million of portfolios of certain problem loans.
• Transferred an additional $100.9 million of loans to held-for-sale.
• Enhanced Board oversight and governance with the addition of two new independent directors.
• Further reorganization of C-Suite to align governance and executive responsibilities.

BAYONNE, N.J., Oct. 29, 2026 (GLOBE NEWSWIRE) -- BCB Bancorp, Inc. (the “Company”), (NASDAQ: BCBP), the holding company for BCB Community Bank (the “Bank”), today reported a net loss attributable to common stockholders of $132.5 million for the third quarter of 2026, compared to a net loss of $14.8 million in the second quarter of 2026, and net income of $3.8 million for the third quarter of 2025. The Company’s loss per diluted share for the third quarter was ($6.92) compared to a loss per diluted share of ($0.85) in the preceding quarter. The Company had earnings per share of $0.22 in the third quarter of 2025. The Company’s reported net loss attributable to common stockholders for the nine months ended September 30, 2026 was $142.8 million, compared to a net loss of $1.9 million for the nine months ended September 30, 2025. The Company’s loss per diluted share for the nine months ended September 30, 2026 was ($7.98) compared to a loss per diluted share of ($0.11) for the nine months ended September 30, 2025.

Executive Summary

• Net interest margin was 3.03 percent for the third quarter of 2026, compared to 3.03 percent for the second quarter of 2026, and 2.88 percent for the third quarter of 2025.
  • Total yield on interest-earning assets was 5.14 percent for the third quarter of 2026, compared to 5.25 percent for the second quarter of 2026, and 5.23 percent for the third quarter of 2025.
• Total cost of interest-bearing liabilities decreased 10 basis points to 2.77 percent for the third quarter of 2026, compared to 2.87 percent for the second quarter of 2026, and decreased 29 basis points from 3.06 percent for the third quarter of 2025.
• The efficiency ratio for the third quarter was 78.5 percent compared to 96.8 percent in the prior quarter, and 62.6 percent in the third quarter of 2025.
• The annualized return on average assets ratio for the third quarter was (17.0) percent, compared to (1.83) percent in the prior quarter, and 0.50 percent in the third quarter of 2025.
• The annualized return on average equity ratio for the third quarter was (172.7) percent, compared to (19.2) percent in the prior quarter, and 5.4 percent in the third quarter of 2025.
• The provision for credit losses was $115.0 million in the third quarter of 2026 compared to $19.0 million for the second quarter of 2026. In the third quarter of 2025, the Bank recorded a provision of $4.1 million.
• Total criticized and classified loans was $198.9 million in the third quarter compared to $367.4 million at June 30, 2026.
• The allowance for credit losses on loans as a percentage of non-accrual loans was 313.4 percent at September 30, 2026, compared to 73.5 percent for the prior quarter-end and 40.4 percent at September 30, 2025. Total non-accrual loans were $22.4 million at September 30, 2026, $61.2 million at June 30, 2026 and $93.5 million at September 30, 2025.
• Total loans receivable, net of the allowance for credit losses on loans, of $2.180 billion at September 30, 2026, decreased from $2.588 billion at June 30, 2026.
• Total deposits were $2.609 billion at September 30, 2026, compared to $2.636 billion at June 30, 2026.
• The Bank’s leverage capital ratio at September 30, 2026 was 9.0% and the Company’s consolidated leverage capital ratio was 8.4%.

The net loss for the third quarter of 2026 was primarily driven by a $115.0 million provision for credit losses and the $59.9 million in valuation allowance established against the Company’s deferred tax asset which is reflected in the calculation of our income tax provision for the quarter. The net charge-offs during the quarter totaled $89.7 million. As part of its strategy to meaningfully de-risk the balance sheet, the Bank completed a series of loan sales totaling $204.3 million of problem loans, the majority of which were risk-rated criticized or classified under the Bank’s internal risk rating system. The sold portfolio included commercial and multifamily real estate loans with an aggregate unpaid principal balance of approximately $179.7 million, commercial and industrial loans of approximately $14.6 million, and construction loans of approximately $10.0 million, resulting in a $42.3 million charge-off to the allowance for credit losses on loans.

During the quarter, the Bank also transferred $70.2 million of cannabis loans, $29.8 million of commercial real estate loans, and $874 thousand of commercial and industrial loans to held-for-sale status and recorded a related $44.2 million charge-off to the allowance for credit losses on loans based on the lower of cost or market. Excluding loans sold or transferred to held-for-sale status, charge-offs were primarily attributable to $3.2 million in the commercial business portfolio and $1.0 million in the Business Express loan portfolio.

Management also completed a comprehensive review of the commercial and multifamily real estate portfolio, resulting in additional reserves for that segment. These actions follow the successful completion of the Company’s equity offering, which generated $91.4 million of net proceeds, including the exercise of the underwriters’ option due to strong investor demand, and position the Bank with a substantially de-risked balance sheet and improved credit profile going forward.

The Company also announced today that it has undergone a further reorganization of its C-Suite. Ryan Blake, the former Chief Operating Officer of the Company and the Bank has been transitioned into the newly established role of Chief Banking Officer of the Bank. His new role will entail oversight of retail banking, banking operations and marketing. Sandra Sievewright, the former Chief Compliance Officer of the Company and the Bank has been transitioned to Chief Administrative Officer of the Bank, where she will have oversight over the Bank’s BSA area, facilities, security, CRA as well as the Bank’s compliance function. These position changes better align the Bank’s leadership structure with its strategic priorities and the core experience and leadership strengths of these executives. In addition, the Bank has appointed Eleni Willis as Chief Risk Officer. Eleni has served in various risk positions, including chief risk officer, at previous financial institutions. The Bank expects to appoint a new chief audit officer before the end of the year. Finally, Karen Duran has been appointed the Company’s principal accounting officer reporting to the Company’s Chief Financial Officer, in addition to her role as Chief Accounting Officer.

Thomas M. O’Brien, President and Chief Executive Officer of the Company and the Bank, stated “I am pleased with the successful execution of several strategic initiatives during the third quarter that we believe meaningfully de-risked our balance sheet and strengthened the Company’s financial position. In a very short period of time, we identified key credit challenges, assessed our capital needs, successfully raised capital, and completed loan sale transactions that reduced risk and improved the quality of our balance sheet. In addition, the comprehensive credit reviews completed during the second and third quarters resulted in an increase in our allowance for credit losses to address losses embedded in the portfolio and position the Bank for the future.

The capital raise allowed us to absorb the losses recognized in our loan portfolio while maintaining solid capital ratios. The capital raise also significantly enhanced liquidity at the holding company level, with approximately $20 million of the proceeds retained at the holding company. While substantial progress has been made toward creating a safer and stronger institution, our work is far from complete. We remain focused on strengthening our risk management culture, improving operating performance, and working toward returning the Bank to sustainable profitability while creating long-term value for our shareholders.”

Balance Sheet Review

Total assets decreased by $258.4 million, or 7.9 percent, to $3.021 billion at September 30, 2026, from $3.279 billion at December 31, 2025. The decrease in total assets was mainly related to a decrease in net loans primarily due to our loan sales in the third quarter, offset by an increase in cash.

Total cash and cash equivalents increased by $223.8 million, or 80.9 percent, to $500.3 million at September 30, 2026, from $276.6 million at December 31, 2025. The increase in cash was primarily due to proceeds from the loan sales and from the capital raise executed in the third quarter.

Gross loans receivable held for investment decreased by $475.0 million, or 17.4 percent, to $2.252 billion at September 30, 2026, from $2.691 billion at December 31, 2025 due to the loan sales, the transfer of certain loans to held-for-sale, payoffs, paydowns and charge-offs. Total loan decreases during the period included decreases of $287.2 million in commercial and multifamily loans, $65.2 million in cannabis loans, $55.1 million in construction loans, $42.3 million in commercial business loans, $12.0 million in 1-4 family residential loans, $10.4 million in business express loans, and $2.8 million in home equity and consumer loans. The Bank had $67.6 million in loans held for sale at September 30, 2026.

The allowance for credit losses on loans increased $36.6 million to $70.3 million, or 313.4 percent of non-accruing loans and 3.12 percent of gross loans held for investment, at September 30, 2026, as compared to an allowance for credit losses on loans of $33.7 million, or 53.3 percent of non-accruing loans and 1.24 percent of gross loans held for investment, at December 31, 2025.

Total investment securities decreased by $594 thousand, or 0.4 percent, to $135.0 million at September 30, 2026, from $135.6 million at December 31, 2025, representing current year sales and paydowns, offset by current year purchases.

Deposits decreased by $64.4 million, or 2.4 percent, to $2.609 billion at September 30, 2026, from $2.674 billion at December 31, 2025. Brokered deposits, certificates of deposit accounts and savings accounts decreased $80.5 million, $18.0 million and $14.6 million, respectively, and were offset by increases in transaction accounts and money market accounts of $27.1 million and $21.5 million, respectively.

FHLB Advances decreased by $135.0 million to $100.0 million at September 30, 2026, from $235.0 million at December 31, 2025, due to maturities and paydowns. The weighted average interest rate of FHLB advances was 4.03 percent at September 30, 2026, and 4.53 percent at December 31, 2025. The weighted average maturity of FHLB advances as of September 30, 2026, was less than ninety days. The interest rate of the Company’s subordinated debt balances was 9.25 percent at September 30, 2026, and at December 31, 2025.

Stockholders’ equity decreased by $58.2 million, or 19.1 percent, to $246.1 million at September 30, 2026, from $304.3 million at December 31, 2025. The decline was primarily attributable to the Company’s year-to-date net loss, partially offset by proceeds from the aforementioned capital raise.

Asset Quality

The Bank had non-accrual loans totaling $22.4 million, or 1.00 percent of gross loans held for investment, at September 30, 2026, as compared to $61.2 million, or 2.33 percent of gross loans held for investment, at June 30, 2026, and $63.3 million, or 2.32 percent of gross loans held for investment at December 31, 2025. The Bank had total past due loans totaling $52.2 million, or 2.32 percent of gross loans held for investment, at September 30, 2026, as compared to $122.8 million, or 4.66 percent of gross loans held for investment, at June 30, 2026, and $99.1 million, or 3.64 percent of gross loans held for investment, at December 31, 2025. The Bank had total classified and criticized loans totaling $198.9 million, or 8.84 percent of gross loans held for investment, at September 30, 2026, as compared to $367.4 million, or 13.96 percent of gross loans held for investment, at June 30, 2026, and $359.5 million, or 13.19 percent of gross loans held for investment, at December 31, 2025.

The allowance for credit losses on loans of $70.3 million, as of September 30, 2026, increased by $25.3 million, or 56.2 percent, compared to June 30, 2026, and increased by $36.6 million, or 108.6 percent, compared to December 31, 2025. The $25.3 million increase from June 30, 2026 was primarily driven by higher reserves in the commercial and multifamily real estate portfolio following a comprehensive review conducted by the Bank’s lending and credit teams.

The allowance for credit losses was 313.4 percent of non-accrual loans at September 30, 2026, compared to 73.5 percent of non-accrual loans at June 30, 2026, and 53.3 percent of non-accrual loans at December 31, 2025, respectively. The allowance for credit losses was 152.4 percent of classified loans held for investment at September 30, 2026, compared to 28.0 percent of classified loans at June 30, 2026, and 17.9 percent of classified loans at December 31, 2025, respectively.

Third Quarter 2026 Income Statement Review

The Company reported a net loss of $132.5 million for the quarter ended September 30, 2026, compared to net income of $4.3 million for the quarter ended September 30, 2025. This decline was primarily due to a $110.9 million increase in loan loss provisioning. The net loss also reflects a $21.9 million increase in tax provision, a $2.1 million increase in professional fees and a $1.6 million increase in salaries and employee benefits.

Interest income decreased by $4.7 million, or 10.8 percent, to $38.4 million for the third quarter of 2026 from $43.0 million for the third quarter of 2025. The average balance of interest-earning assets decreased $302.7 million, or 9.3 percent, to $2.962 billion for the third quarter of 2026 from $3.265 billion for the third quarter of 2025. The average yield decreased 9 basis points to 5.14 percent for the third quarter of 2026 from 5.23 percent for the third quarter of 2025.

Interest expense decreased by $3.6 million to $15.8 million for the third quarter of 2026 from $19.3 million for the third quarter of 2025. The decrease resulted from a decrease in the average rate paid on interest-bearing liabilities of 29 basis points to 2.77 percent for the third quarter of 2026 from 3.06 percent for the third quarter of 2025, while the average balance of interest-bearing liabilities decreased by $249.6 million to $2.256 billion for the third quarter of 2026 from $2.505 billion for the third quarter of 2025.

The net interest margin was 3.03 percent for the third quarter of 2026 compared to 2.88 percent for the third quarter of 2025. The increase in the net interest margin compared to the third quarter of 2025 was the result of the decrease in the average cost of interest-bearing liabilities exceeding the decline in the average rate earned on earning assets.

The provision for credit losses was $115.0 million for the third quarter of 2026 compared to $4.1 million for the third quarter of 2025. The increase was primarily driven by elevated net charge-offs recognized during the quarter related to loan sale transactions and the transfer of loans to held-for-sale status, as well as higher loan loss reserves for the commercial and multifamily portfolio resulting from a detailed loan review. During the third quarter of 2026, the Company recognized $89.7 million in net charge-offs compared to $16.9 million in net charge-offs in the third quarter of 2025. The Bank had non-accrual loans totaling $22.4 million, or 1.00 percent of gross loans held for investment, at September 30, 2026, as compared to $63.3 million, or 2.32 percent of gross loans, at December 31, 2025. The allowance for credit losses on loans was $70.3 million, or 3.12 percent of gross loans, at September 30, 2026, and $33.7 million, or 1.24 percent of gross loans, at December 31, 2025.

Non-interest income increased by $2.4 million to $5.2 million for the third quarter of 2026, compared to $2.7 million for the third quarter of 2025. The increase in total non-interest income was primarily attributable to a $3.3 million gain on the sale of OREO, offset by a decrease in gains/losses on equity securities of $427 thousand. Service charges and fee income also declined by $305 thousand.

Non-interest expense increased by $5.2 million, or 31.6 percent, to $21.8 million for the third quarter of 2026 compared to $16.6 million for the third quarter of 2025. The increase was driven by professional fees, salaries and benefits and other expenses which increased $2.1 million, $1.6 million and $1.4 million, respectively. The increase in other expenses can be attributed to the expenses associated with the aforementioned loan sales.

The income tax provision for the third quarter of 2026 was $23.5 million compared to $1.5 million for the third quarter of 2025. The substantial change was primarily attributable to a non-cash charge of $59.9 million related to the establishment of a full valuation allowance against the Company’s deferred tax assets. The valuation allowance reflects management’s assessment of the Company’s recent operating results including losses associated with loan sale activity and loans transferred to held-for-sale at the lower of cost or market.

Year-to-Date Income Statement Review
Net loss for the first nine months of 2026 was $142.3 million compared to a net loss of $498 thousand for the first nine months of 2025. The increased net loss was primarily attributable to the Bank recording $106.9 million more in loan loss provisioning and recording $13.0 million more in non-interest expense.

Net interest income for the first nine months of 2026 decreased $37 thousand, as interest income decreased by $11.2 million, or 8.6 percent, to $119.2 million compared to $130.4 million for the first nine months of 2025 and interest expense decreased $11.1 million to $50.5 million for the first nine months of 2026, compared to $61.6 million for the first nine months of 2025. The average balance of interest-earning assets decreased $272.5 million, or 8.2 percent, to $3.065 billion for the first nine months of 2026 compared to $3.338 billion for the first nine months of 2025. The average yield on interest-earning assets decreased 2 basis points to 5.20 percent for the first nine months of 2026 compared to 5.22 percent for the first nine months of 2025. The decline in average interest-earning assets was primarily due to a $283.1 million decrease in average loans, partially offset by a $17.0 million increase in average investment securities. The decrease in interest expense was driven by declines in interest expense on borrowings and deposits of $5.8 million and $5.3 million, respectively. Average borrowings decreased $194.2 million, while the average rate paid on borrowings increased by 74 basis points to 5.60 percent. Average deposits declined $30.1 million and the average rate paid on deposits declined 29 basis points to 2.58 percent.

Net interest margin was 3.00 percent for the first nine months of 2026 compared to a net interest margin of 2.76 percent for the first nine months of 2025. The increase in the net interest margin compared to the prior period was the result of a decrease in the cost of the Company’s interest-bearing liabilities, by 33 basis points to 2.86 percent offset by a decrease in the rate earned on earning assets, by 2 basis points to 5.20 percent.

The provision for credit losses for the first nine months of 2026 was $136.7 million compared to $29.8 million for the same period in 2025. Net charge-offs for the first nine months of 2026 were $100.2 million compared to $26.8 million for the same period in 2025. The higher provision primarily reflected elevated loan losses recognized during the year and increased reserves within the commercial and industrial and commercial and multifamily loan portfolios. Reserve levels were increased following detailed credit reviews conducted by the lending and credit teams, resulting in the allowance for commercial and industrial loans increasing from $6.7 million at December 31, 2025 to $16.0 million at September 30, 2026, and the allowance for commercial and multifamily loans increasing from $12.1 million to $38.7 million over the same period.

Non-interest income increased by $191 thousand to $6.8 million for the first nine months of 2026 compared to $6.6 million for the same period in 2025. The increase in total non-interest income was primarily attributable to a $3.3 million gain on the sale of OREO and $412 thousand more in income on Bank Owned Life Insurance (“BOLI”), partially offset by an increase in loss on sale of loans of $2.6 million and an increase in losses on equity securities of $545 thousand.

Non-interest expense increased by $13.0 million, or 27.9 percent, to $59.5 million for the first nine months of 2026 from $46.5 million for the same period in 2025. The increase was driven by a $5.3 million non-cash goodwill impairment charge and a $4.2 million increase in salaries and employee benefits expense. The increase in salaries and benefits included $1.5 million in severance costs recognized during the first nine months of the year. Professional fees, other expenses, advertising expenses and OREO expenses increased $1.8 million, $1.2 million, $417 thousand and $454 thousand, respectively. Partially offsetting these increases were decreases in director fees and regulatory assessments of $302 thousand and $277 thousand, respectively.

The income tax provision for the first nine months of 2026 was $21.7 million compared to an income tax benefit of $386 thousand for the same period in 2025. The substantial change was primarily attributable to a non-cash charge of $59.9 million related to the establishment of a full valuation allowance against the Company’s deferred tax assets. The valuation allowance reflects management’s assessment of the Company’s recent operating results including losses associated with loan sale activity and loans transferred to held-for-sale at the lower of cost or market.

Investor Conference Call

Management will host a conference call on Thursday, October 29, 2026 at 8:45 a.m. Eastern Time to discuss the results.

Interested investors are invited to dial 1-833-461-5787 using conference ID 505095944 to participate in the call.

A replay of the call will be available at https://investorrelations.bcbcommunitybank.com/corporate-information/corporate-profile/default.aspx.

About BCB Bancorp, Inc.

Established in 2000 and headquartered in Bayonne, N.J., BCB Community Bank is the wholly-owned subsidiary of BCB Bancorp, Inc. (NASDAQ: BCBP). The Bank has twenty-two branch offices in Bayonne, Edison, Hoboken, Fairfield, Holmdel, Jersey City, Lyndhurst, Maplewood, Monroe Township, Newark, Plainsboro, River Edge, Rutherford, South Orange, Union, and Woodbridge, New Jersey, and four branches offices in Hicksville and Staten Island, New York. The Bank provides businesses and individuals a wide range of loans, deposit products, and retail and commercial banking services. For more information, please go to www.bcb.bank.

Forward-Looking Statements

This release, like many written and oral communications presented by BCB Bancorp, Inc., and our authorized officers, may contain certain forward-looking statements regarding our prospective performance and strategies within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and are including this statement for purposes of said safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations of the Company, are generally identified by use of words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “project,” “seek,” “strive,” “try,” or future or conditional verbs such as “could,” “may,” “should,” “will,” “would,” or similar expressions. Our ability to predict results or the actual effects of our plans or strategies is inherently uncertain. Accordingly, actual results may differ materially from anticipated results.

The most significant factors that could cause future results to differ materially from those anticipated by our forward-looking statements include the global impact of the United States military conflict with Iran, the periodic Federal budget and funding stalemates in Congress, the ongoing impact of global tariffs imposed by the Trump administration, higher inflation levels, changes in market interest rates and general economic concerns, all of which could impact our customers’ businesses and the economy and could cause increased loan delinquencies, a reduction in financial transactions and business activities, including decreased deposits and reduced loan originations. Other factors that could cause future results to vary materially from current management expectations as reflected in our forward-looking statements include, but are not limited to: global economic trends and geopolitical risks, including the ongoing conflicts in the Middle East, and changes in the rate of investment or economic growth, including as a result of sanctions, tariffs or other measures; supply chain disruptions and labor shortages; the impact of any future pandemics or other natural disasters; unfavorable economic conditions in the United States generally and particularly in our primary market area and those of our customers; including the periodic Federal budget and funding stalemates in the U.S. Congress; the Company’s ability to effectively attract and deploy deposits; changes in the Company’s corporate strategies, the composition of its assets, or the way in which it funds those assets;the pending sale of the Company’s cannabis business, which may not be completed in accordance with expected plans or the currently contemplated timeline, or at all, and may be disruptive to the Company and/or reduce the Company’s profitability in future periods; our ability to complete our proposed reincorporation from New Jersey to Delaware, including our ability to receive shareholder approval of the proposed reincorporation, and our ability to realize the anticipated benefits of the proposed reincorporation; shifts in investor sentiment or behavior in the securities, capital, or other financial markets, including changes in market liquidity or volatility; the effects of declines in real estate values that may adversely impact the collateral underlying our loans; increase in unemployment levels and slowdowns in economic growth; changes in the credit performance of our loan portfolio, including levels of criticized and classified loans, nonaccrual loans, and charge-offs; the impact of changes in interest rates and the credit quality and strength of underlying collateral and the effect of such changes on the market value of our loan and investment securities portfolios; the credit risk associated with our loan portfolio; changes in the quality and composition of the Bank’s loan and investment portfolios; changes in liquidity levels, funding sources, or funding costs, and our ability to manage our liquidity risks; deposit flows; legislative and regulatory changes, including increases in Federal Deposit Insurance Corporation, or FDIC, insurance rates; monetary and fiscal policies of the federal and state governments; changes in tax policies, rates and regulations of federal, state and local tax authorities; demands for our loan products; demand for financial services; competition; changes in the securities or secondary loan markets; changes in management’s business strategies; our ability to enter new markets successfully; our ability to successfully integrate acquired businesses; changes in consumer spending; our ability to hire and retain key employees; the effects of any reputational, credit, interest rate, market, operational, legal, liquidity, or regulatory risk; potential impact of regulatory requirements, matters, litigation, or other legal actions which could adversely affect operating results; failure to identify and adequately and promptly address cybersecurity risks, including data breaches and cyberattacks; developments in technology, such as artificial intelligence, and our ability to incorporate innovative technologies in our business and provide products and services that satisfy our customers’ expectations for convenience and security; civil unrest in the communities that we serve; changes in accounting principles and guidelines; and other factors discussed elsewhere in this report, and in other reports we filed with the SEC, including under “Risk Factors” in Part I, Item 1A of our Annual Report on Form 10-K filed for the year ended December 31, 2025, and our other periodic reports that we file with the SEC.

Annualized, pro forma, projected and estimated numbers are used for illustrative purposes only, are not forecasts and may not reflect actual results.

Explanation of Non-GAAP Financial Measures

Reported amounts are presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”). This press release also contains certain supplemental Non-GAAP information that the Company’s management uses in its analysis of the Company’s financial results. The Company’s management believes that providing this information to analysts and investors allows them to better understand and evaluate the Company’s financial results for the periods in question.

The Company provides measurements and ratios based on tangible stockholders’ equity and efficiency ratios. These measures are utilized by regulators and market analysts to evaluate a company’s financial condition and, therefore, the Company’s management believes that such information is useful to investors. For a reconciliation of GAAP to Non-GAAP financial measures included in this press release, see “Reconciliation of GAAP to Non-GAAP Financial Measures” below.

	Statements of Operations - Three Months Ended,
	September 30, 2026			June 30, 2026			September 30, 2025			Sept. 30, 2026 vs. June 30, 2026			Sept. 30, 2026 vs. Sept. 30, 2025
Interest and dividend income:	(In thousands, except per share amounts, Unaudited)
Loans, including fees	$	34,213		$	35,856		$	38,278		-4.6	%		-10.6	%
Mortgage-backed securities		948			960			843		-1.3	%		12.5	%
Other investment securities		1,128			1,113			1,114		1.3	%		1.3	%
FHLB stock and other interest-earning assets		2,086			2,532			2,807		-17.6	%		-25.7	%
Total interest and dividend income		38,375			40,461			43,042		-5.2	%		-10.8	%
Interest expense:													-
Deposits:
Demand		5,645			5,413			5,608		4.3	%		0.7	%
Savings and club		97			112			233		-13.4	%		-58.4	%
Certificates of deposit		7,864			8,266			9,445		-4.9	%		-16.7	%
		13,606			13,791			15,286		-1.3	%		-11.0	%
Borrowings		2,170			3,325			4,045		-34.7	%		-46.4	%
Total interest expense		15,776			17,116			19,331		-7.8	%		-18.4	%
Net interest income		22,599			23,345			23,711		-3.2	%		-4.7	%
Provision for credit losses		114,961			18,987			4,080		505.5	%		2717.7	%
Net interest (loss) income after provision for credit losses		(92,362	)		4,358			19,631		-2219.4	%		-570.5	%
Non-interest income (loss):
Fees and service charges		1,006			1,313			1,311		-23.4	%		-23.3	%
(Loss) gain on sales of loans		-			(2,607	)		21		-100.0	%		-100.0	%
Gain on sale of other real estate owned		3,283			-			-		-			-
Realized and unrealized (loss) gain on equity investments		(77	)		(248	)		350		-69.0	%		-122.0	%
Bank-owned life insurance ("BOLI") income		874			917			931		-4.7	%		-6.1	%
Other		86			155			132		-44.5	%		-34.8	%
Total non-interest income (loss)		5,172			(470	)		2,745		-1200.4	%		88.4	%
Non-interest expense:
Salaries and employee benefits		9,937			9,395			8,324		5.8	%		19.4	%
Occupancy and equipment		2,675			2,562			2,562		4.4	%		4.4	%
Data processing and communications		2,031			1,968			2,047		3.2	%		-0.8	%
Professional fees		2,873			562			800		411.2	%		259.1	%
Director fees		244			244			305		-			-20.0	%
Regulatory assessment fees		805			650			984		23.8	%		-18.2	%
Advertising and promotions		407			489			284		-16.8	%		43.3	%
Other real estate owned, net		174			130			-		33.8	%		-
Impairment of Goodwill		-			5,253			-		-			-
Other		2,653			879			1,264		201.8	%		109.9	%
Total non-interest expense		21,799			22,132			16,570		-1.5	%		31.6	%
(Loss) Income before income tax (benefit) provision		(108,989	)		(18,244	)		5,806		497.4	%		-1977.2	%
Income tax provision (benefit)		23,464			(3,468	)		1,544		-776.6	%		1419.7	%
Net (Loss) Income		(132,453	)		(14,776	)		4,262		796.4	%		-3207.8	%
Preferred stock dividends		-			-			482		-			-
Net (Loss) Income available to common stockholders	$	(132,453	)	$	(14,776	)	$	3,780		796.4	%		-3604.2	%
Net (Loss) Income per common share-basic and diluted
Basic	$	(6.92	)	$	(0.85	)	$	0.22		710.6	%		-3250.8	%
Diluted	$	(6.92	)	$	(0.85	)	$	0.22		710.6	%		-3250.8	%
Weighted average number of common shares outstanding
Basic		19,137			17,306			17,207		10.6	%		11.2	%
Diluted		19,137			17,306			17,207		10.6	%		11.2	%

	Statements of Operations - Nine Months Ended,
	September 30, 2026			September 30, 2025			Sept. 30, 2026 vs.Sept. 30, 2025
Interest and dividend income:	(In thousands, except per share amounts, Unaudited)
Loans, including fees	$	105,947		$	115,855		-8.6	%
Mortgage-backed securities		2,747			2,169		26.6	%
Other investment securities		3,231			3,139		2.9	%
FHLB stock and other interest-earning assets		7,313			9,252		-21.0	%
Total interest and dividend income		119,238			130,415		-8.6	%
Interest expense:
Deposits:
Demand		16,228			16,610		-2.3	%
Savings and club		345			601		-42.6	%
Certificates of deposit		24,722			29,377		-15.8	%
		41,295			46,588		-11.4	%
Borrowings		9,162			15,009		-39.0	%
Total interest expense		50,457			61,597		-18.1	%
Net interest income		68,781			68,818		-0.1	%
Provision for credit losses		136,736			29,816		358.6	%
Net interest (loss) income after provision for credit losses		(67,955	)		39,002		-274.2	%
Non-interest income :
Fees and service charges		3,510			3,789		-7.4	%
(Loss) gain on sales of loans		(2,600	)		21		-
Gain on sales of other real estate owned		3,283			-		-
Realized and unrealized (loss) gain on equity investments		(418	)		127		-429.1	%
Bank-owned life insurance ("BOLI") income		2,737			2,325		17.7	%
Other		291			350		-16.9	%
Total non-interest income		6,803			6,612		2.9	%
Non-interest expense:
Salaries and employee benefits		27,659			23,440		18.0	%
Occupancy and equipment		7,961			7,787		2.2	%
Data processing and communications		6,022			5,937		1.4	%
Professional fees		4,062			2,259		79.8	%
Director fees		734			1,036		-29.2	%
Regulatory assessments		2,220			2,497		-11.1	%
Advertising and promotions		1,096			679		61.4	%
Other real estate owned, net		454			-		-
Impairment of Goodwill		5,253			-
Other		4,021			2,863		40.4	%
Total non-interest expense		59,482			46,498		27.9	%
Loss before income tax benefit		(120,634	)		(884	)	13546.4	%
Income tax provision (benefit)		21,691			(386	)	-5719.4	%
Net Loss		(142,325	)		(498	)	28479.3	%
Preferred stock dividends		482			1,446		-66.7	%
Net Loss available to common stockholders	$	(142,807	)	$	(1,944	)	7244.3	%
Net Loss per common share-basic and diluted
Basic	$	(7.98	)	$	(0.11	)	6945.1	%
Diluted	$	(7.98	)	$	(0.11	)	6945.1	%
Weighted average number of common shares outstanding
Basic		17,894			17,165		4.2	%
Diluted		17,894			17,165		4.2	%

Statements of Financial Condition	September 30, 2026			June 30, 2026			December 31, 2025			Sept. 30, 2026 vs. June 30, 2026		Sept. 30, 2026 vs. December 31, 2025
ASSETS	(In Thousands, Unaudited)
Cash and amounts due from depository institutions	$	13,236		$	14,573		$	13,794		-9.2	%	-4.0	%
Interest-earning deposits		487,077			182,314			262,790		167.2	%	85.3	%
Total cash and cash equivalents		500,313			196,887			276,584		154.1	%	80.9	%
Interest-earning time deposits		735			735			735		-		-
Debt securities available for sale		134,973			148,428			126,395		-9.1	%	6.8	%
Equity investments		-			3,851			9,172		-100.0	%	-100.0	%
Loans held for sale		67,556			10,777			-		526.9	%	-
Loans receivable, net of allowance for credit losses on loans of $70,270, $44,980, and $33,691 respectively		2,179,697			2,587,984			2,691,091		-15.8	%	-19.0	%
Federal Home Loan Bank of New York ("FHLB") stock, at cost		7,911			9,048			14,176		-12.6	%	-44.2	%
Premises and equipment, net		11,575			11,737			12,056		-1.4	%	-4.0	%
Accrued interest receivable		13,625			14,661			13,834		-7.1	%	-1.5	%
Other real estate owned		-			5,000			5,000		-100.0	%	-100.0	%
Deferred income taxes		-			24,794			22,209		-100.0	%	-100.0	%
Goodwill		-			-			5,253		-		-100.0	%
Operating lease right-of-use asset		10,172			10,479			10,660		-2.9	%	-4.6	%
Bank-owned life insurance ("BOLI")		82,103			81,229			79,366		1.1	%	3.4	%
Other assets		12,427			12,516			12,935		-0.7	%	-3.9	%
Total Assets	$	3,021,087		$	3,118,126		$	3,279,466		-3.1	%	-7.9	%
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES
Non-interest bearing deposits	$	523,077		$	514,648		$	531,140		1.6	%	-1.5	%
Interest bearing deposits		2,086,069			2,121,375			2,142,433		-1.7	%	-2.6	%
Total deposits		2,609,146			2,636,023			2,673,573		-1.0	%	-2.4	%
FHLB advances		100,000			125,000			235,000		-20.0	%	-57.4	%
Subordinated debentures		43,397			43,335			43,210		0.1	%	0.4	%
Operating lease liability		10,644			10,953			11,140		-2.8	%	-4.5	%
Other liabilities		11,818			10,896			12,259		8.5	%	-3.6	%
Total Liabilities		2,775,005			2,826,207			2,975,182		-1.8	%	-6.7	%
STOCKHOLDERS' EQUITY
Preferred stock: $0.01 par value, 10,000 shares authorized		-			-			-		-		-
Additional paid-in capital preferred stock		25,243			25,243			25,243		-		-
Common stock: no par value, 40,000 shares authorized		-			-			-		-		-
Additional paid-in capital common stock		296,623			204,451			203,429		45.1	%	45.8	%
Retained (deficit) earnings		(29,228	)		103,225			116,415		-128.3	%	-125.1	%
Accumulated other comprehensive loss		(8,209	)		(2,653	)		(2,456	)	209.4	%	234.2	%
Treasury stock, at cost		(38,347	)		(38,347	)		(38,347	)	-		-
Total Stockholders' Equity		246,082			291,919			304,284		-15.7	%	-19.1	%
Total Liabilities and Stockholders' Equity	$	3,021,087		$	3,118,126		$	3,279,466		-3.1	%	-7.9	%
Outstanding common shares		30,752			18,102			17,274

	Three Months Ended September 30,
	2026								2025
	Average Balance			Interest Earned/Paid		Average Yield/Rate (3)			Average Balance			Interest Earned/Paid		Average Yield/Rate (3)
	(Dollars in thousands)
Interest-earning assets:
Loans Receivable (4)(5)	$	2,589,769		$	34,213	5.24	%		$	2,879,810		$	38,278	5.27	%
Investment Securities		147,103			2,076	5.65	%			134,419			1,957	5.82	%
Other Interest-earning assets (6)		225,546			2,086	3.67	%			250,869			2,807	4.44	%
Total Interest-earning assets		2,962,418			38,375	5.14	%			3,265,098			43,042	5.23	%
Non-interest-earning assets		128,587								115,212			-
Total assets	$	3,091,005							$	3,380,310
Interest-bearing liabilities:
Interest-bearing demand accounts	$	541,227		$	2,254	1.65	%		$	504,860		$	2,057	1.62	%
Money market accounts		452,814			3,391	2.97	%			432,922			3,551	3.25	%
Savings accounts		230,980			97	0.17	%			258,165			233	0.36	%
Certificates of Deposit		880,015			7,864	3.55	%			978,503			9,445	3.83	%
Total interest-bearing deposits		2,105,036			13,606	2.56	%			2,174,450			15,286	2.79	%
Borrowed funds		150,494			2,170	5.72	%			330,694			4,045	4.85	%
Total interest-bearing liabilities		2,255,530			15,776	2.77	%			2,505,144			19,331	3.06	%
Non-interest-bearing liabilities		531,203								559,185
Total liabilities		2,786,733								3,064,329
Stockholders' equity		304,272								315,981
Total liabilities and stockholders' equity	$	3,091,005							$	3,380,310
Net interest income				$	22,599							$	23,711
Net interest rate spread (1)						2.36	%							2.17	%
Net interest margin (2)						3.03	%							2.88	%
(1) Net interest rate spread represents the difference between the average yield on average interest-earning assets and the average cost of average interest-bearing liabilities.
(2) Net interest margin represents net interest income divided by average total interest-earning assets.
(3) Annualized.
(4) Excludes allowance for credit losses.
(5) Includes non-accrual loans.
(6) Includes Federal Home Loan Bank of New York Stock.

	Nine Months Ended September 30,
		2026							2025
	Average Balance		Interest Earned/Paid		Average Yield/Rate (3)			Average Balance		Interest Earned/Paid		Average Yield/Rate (3)
	(Dollars in thousands)
Interest-earning assets:
Loans Receivable (4)(5)	$	2,652,538	$	105,947	5.34	%		$	2,935,643	$	115,855	5.28	%
Investment Securities		145,569		5,978	5.49	%			128,570		5,308	5.52	%
Other interest-earning assets (6)		267,275		7,313	3.66	%			273,678		9,252	4.52	%
Total Interest-earning assets		3,065,382		119,238	5.20	%			3,337,891		130,415	5.22	%
Non-interest-earning assets		134,679							118,092		-
Total assets	$	3,200,061						$	3,455,983
Interest-bearing liabilities:
Interest-bearing demand accounts	$	531,479	$	6,419	1.61	%		$	531,311	$	6,656	1.67	%
Money market accounts		444,940		9,809	2.95	%			415,214		9,954	3.21	%
Savings accounts		236,812		345	0.19	%			256,384		601	0.31	%
Certificates of Deposit		927,913		24,722	3.56	%			968,338		29,377	4.06	%
Total interest-bearing deposits		2,141,144		41,295	2.58	%			2,171,247		46,588	2.87	%
Borrowed funds		218,906		9,162	5.60	%			413,133		15,009	4.86	%
Total interest-bearing liabilities		2,360,050		50,457	2.86	%			2,584,380		61,597	3.19	%
Non-interest-bearing liabilities		533,874							553,396
Total liabilities		2,893,924							3,137,776
Stockholders' equity		306,137							318,207
Total liabilities and stockholders' equity	$	3,200,061						$	3,455,983
Net interest income			$	68,781						$	68,818
Net interest rate spread (1)					2.34	%						2.04	%
Net interest margin (2)					3.00	%						2.76	%
(1) Net interest rate spread represents the difference between the average yield on average interest-earning assets and the average cost of average interest-bearing liabilities.
(2) Net interest margin represents net interest income divided by average total interest-earning assets.
(3) Annualized.
(4) Excludes allowance for credit losses.
(5) Includes non-accrual loans.
(6) Includes Federal Home Loan Bank of New York Stock.

	Financial Condition data by quarter
	Q3 2026			Q2 2026			Q1 2026			Q4 2025			Q3 2025
	(In thousands, except book values)
Total assets	$	3,021,087		$	3,118,126		$	3,269,097		$	3,279,466		$	3,353,065
Cash and cash equivalents		500,313			196,887			293,737			276,584			249,614
Securities		134,973			152,279			143,092			135,567			125,292
Loans receivable, net		2,179,697			2,587,984			2,655,981			2,691,091			2,788,932
Deposits		2,609,146			2,636,023			2,672,429			2,673,573			2,687,387
Borrowings		143,397			168,335			268,272			278,210			323,922
Stockholders’ equity		246,082			291,919			307,380			304,284			318,453
Book value per common share (1)	$	7.18		$	14.73		$	16.25		$	16.15		$	17.02
Tangible book value per common share (2)	$	7.18		$	14.73		$	15.95		$	15.85		$	16.71
	Operating data by quarter
	Q3 2026			Q2 2026			Q1 2026			Q4 2025			Q3 2025
	(In thousands, except for per share amounts)
Net interest income	$	22,599		$	23,345		$	22,837		$	24,223		$	23,711
Provision for credit losses		114,961			18,987			2,788			12,195			4,080
Non-interest (loss) income		5,172			(470	)		2,101			1,943			2,745
Non-interest expense		21,799			22,132			15,551			31,385			16,570
Income tax expense (benefit)		23,464			(3,468	)		1,695			(5,385	)		1,544
Net income (loss)	$	(132,453	)	$	(14,776	)	$	4,904		$	(12,029	)	$	4,262
Net income (loss) per diluted share	$	(6.92	)	$	(0.85	)	$	0.26		$	(0.73	)	$	0.22
Common Dividends declared per share	$	-		$	0.08		$	0.08		$	0.16		$	0.16
	Financial Ratios(3)
	Q3 2026			Q2 2026			Q1 2026			Q4 2025			Q3 2025
Return on average assets		(17.00	%)		(1.83	%)		0.61	%		(1.44	%)		0.50	%
Return on average stockholders' equity		(172.70	%)		(19.22	%)		6.50	%		(14.99	%)		5.35	%
Net interest margin		3.03	%		3.03	%		2.95	%		3.03	%		2.88	%
Stockholders' equity to total assets		8.15	%		9.36	%		9.40	%		9.28	%		9.50	%
Efficiency Ratio (4)		78.50	%		96.75	%		62.36	%		119.95	%		62.63	%
	Asset Quality Ratios
	Q3 2026			Q2 2026			Q1 2026			Q4 2025			Q3 2025
	(In thousands, except for ratio %)
Non-Accrual Loans (5)	$	22,422		$	61,234		$	59,805		$	63,255		$	93,517
Non-Accrual Loans as a % of Total Loans (5)		1.00	%		2.33	%		2.22	%		2.32	%		3.31	%
ACL as % of Non-Accrual Loans		313.4	%		73.5	%		54.5	%		53.3	%		40.4	%
Individually Analyzed Loans	$	41,194		$	124,832		$	160,600		$	162,226		$	129,358
Criticized Loans (5)		152,733			206,977			208,341			170,789			220,769
Classified Loans (5)		46,119			160,454			194,663			188,735			228,256
Past Due loans (5)		52,169			122,759			107,947			99,132			174,006
(1) Calculated by dividing stockholders' equity, less preferred equity, by shares outstanding.
(2) Calculated by dividing tangible stockholders’ common equity, a non-GAAP measure, by shares outstanding. Tangible stockholders’
common equity is stockholders’ equity less goodwill and preferred stock. See “Reconciliation of GAAP to Non-GAAP Financial Measures by quarter.”
(3) Ratios are presented on an annualized basis, where appropriate.
(4) The Efficiency Ratio, a non-GAAP measure, was calculated by dividing non-interest expense by the total of net interest income
and non-interest income. See “Reconciliation of GAAP to Non-GAAP Financial Measures by quarter.”
(5) Excludes loans include Held for Sale loan.

	Recorded Investment in Loans Receivable by quarter
	Q3 2026			Q2 2026			Q1 2026			Q4 2025			Q3 2025
	(In thousands)
Residential one-to-four family	$	214,707		$	218,750		$	223,708		$	226,708		$	227,140
Commercial and multi-family		1,753,542			2,009,865			2,021,827			2,040,768			2,080,088
Cannabis related		4,070			69,190			68,876			69,293			69,102
Construction		13,434			33,298			68,362			68,521			105,980
Commercial business		126,172			157,523			160,088			168,459			192,762
Business Express		64,503			68,949			71,215			74,862			78,253
Home equity		72,710			73,935			72,716			74,332			73,566
Consumer		2,376			3,401			3,584			3,580			2,042
	$	2,251,514		$	2,634,911		$	2,690,376		$	2,726,523		$	2,828,933
Less:
Deferred loan fees, net		(1,547	)		(1,947	)		(1,817	)		(1,741	)		(2,198	)
Allowance for credit losses on loans		(70,270	)		(44,980	)		(32,578	)		(33,691	)		(37,803	)
Total loans, net	$	2,179,697		$	2,587,984		$	2,655,981		$	2,691,091		$	2,788,932
	Non-Accruing Loans in Portfolio by quarter (1)
	Q3 2026			Q2 2026			Q1 2026			Q4 2025			Q3 2025
	(In thousands)
Residential one-to-four family	$	3,018		$	1,515		$	1,576		$	1,554		$	1,410
Commercial and multi-family		17,491			54,478			52,297			52,159			70,546
Construction		-			2,587			3,173			4,897			2,310
Commercial business		1,724			2,397			2,418			3,725			17,442
Business Express		-			-			-			-			1,335
Home equity		189			257			341			294			474
Total:	$	22,422		$	61,234		$	59,805		$	62,629		$	93,517
(1) Excludes Held for Sale loan
	Distribution of Deposits by quarter
	Q3 2026			Q2 2026			Q1 2026			Q4 2025			Q3 2025
	(In thousands)
Demand:
Non-Interest Bearing	$	523,076		$	514,648		$	521,317		$	531,140		$	536,908
Interest Bearing		536,344			517,627			511,465			501,172			477,427
Money Market		447,605			446,918			448,397			426,138			422,424
Sub-total:	$	1,507,025		$	1,479,193		$	1,481,179		$	1,458,450		$	1,436,759
Savings and Club		229,087			230,532			240,048			243,670			254,554
Certificates of Deposit		873,034			926,298			951,202			971,453			996,074
Total Deposits:	$	2,609,146		$	2,636,023		$	2,672,429		$	2,673,573		$	2,687,387

	Reconciliation of GAAP to Non-GAAP Financial Measures by quarter
	Tangible Book Value per Share
	Q3 2026			Q2 2026			Q1 2026			Q4 2025			Q3 2025
	(In thousands, except per share amounts)
Total Stockholders' Equity	$	246,082		$	291,919		$	307,380		$	304,284		$	318,453
Less: goodwill		-			-			5,253			5,253			5,253
Less: preferred stock		25,243			25,243			25,243			25,243			25,243
Total tangible common stockholders' equity		220,839			266,676			276,884			273,788			287,957
Common shares outstanding		30,752			18,102			17,359			17,274			17,228
Book value per common share	$	7.18		$	14.73		$	16.25		$	16.15		$	17.02
Tangible book value per common share	$	7.18		$	14.73		$	15.95		$	15.85		$	16.71
	Efficiency Ratios
	Q3 2026			Q2 2026			Q1 2026			Q4 2025			Q3 2025
	(In thousands, except for ratio %)
Net interest income	$	22,599		$	23,345		$	22,837		$	24,223		$	23,711
Non-interest (loss)income		5,172			(470	)		2,101			1,943			2,745
Total income		27,771			22,875			24,938			26,166			26,456
Non-interest expense		21,799			22,132			15,551			31,385			16,570
Efficiency Ratio		78.50	%		96.75	%		62.36	%		119.95	%		62.63	%

Contact:
Jawad Chaudhry,
EVP, CFO & Treasurer
(201) 823-0700

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Why did BCB Bancorp report a loss in the third quarter of 2026?

The $132.5 million net loss attributable to common stockholders was primarily driven by a $115.0 million credit-loss provision and a $59.9 million valuation allowance against deferred tax assets. The diluted loss was $6.92 per share.

How much capital did BCB Bancorp raise in its 2026 equity offering?

BCB completed a $98.0 million underwritten public equity offering, generating $91.4 million in net proceeds, including exercise of the underwriters' option. Approximately $20 million of the proceeds remained at the holding company.

Which loans did BCB Bancorp sell or transfer to held-for-sale status?

The sold portfolio included approximately $179.7 million of commercial and multifamily real estate loans, approximately $14.6 million of commercial and industrial loans, and approximately $10.0 million of construction loans. Transfers to held-for-sale included $70.2 million of cannabis loans, $29.8 million of commercial real estate loans and $874 thousand of commercial and industrial loans.

What charge-offs did BCB Bancorp record on its loan sales and held-for-sale transfers?

The loan sales resulted in a $42.3 million charge-off, while transfers to held-for-sale status produced a $44.2 million charge-off based on the lower of cost or market. Both were recorded against the allowance for credit losses on loans.