BCB Bancorp returns to profit with $4.9M Q1 income

BCB Bancorp, Inc. returned to profitability in the first quarter of 2026, earning net income of $4.9 million, or $0.26 per diluted share.

Rhea-AI Filing Summary

BCB Bancorp, Inc. returned to profitability in the first quarter of 2026, earning net income of $4.9 million, or $0.26 per diluted share. This compares to a net loss of $12.0 million in the prior quarter and a net loss of $8.3 million a year earlier.

Total assets were $3.27 billion at March 31, 2026, with loans receivable, net, of $2.66 billion and deposits of $2.67 billion. The net interest margin improved to 2.95%, while the provision for credit losses fell sharply to $2.8 million from $20.8 million in the first quarter of 2025. Non-accrual loans declined to $59.8 million, or 2.22% of gross loans, and the allowance for credit losses covered 54.5% of non-accruals.

The Board declared a regular quarterly cash dividend of $0.08 per share, payable on May 20, 2026 to shareholders of record on May 6, 2026. Return on average assets was 0.61% and return on average stockholders’ equity was 6.50% for the quarter.

Positive

• Return to profitability: Net income of $4.9 million in Q1 2026 versus losses of $12.0 million in Q4 2025 and $8.3 million in Q1 2025, with diluted EPS at $0.26.
• Improving credit costs and asset quality: Provision for credit losses reduced to $2.8 million from $20.8 million a year earlier, while non-accrual loans declined to $59.8 million (2.22% of gross loans) and allowance coverage increased to 54.5% of non-accruals.

Negative

• Elevated problem loans remain: Despite improvement, non-accrual loans of $59.8 million, or 2.22% of gross loans, and quarterly net charge-offs of $3.9 million indicate ongoing credit risk in the loan portfolio.

Insights

Bank equity analyst

BCB Bancorp swings back to profit as credit costs ease and margin improves.

BCB Bancorp reported net income of $4.9 million in Q1 2026 after losses in both Q4 2025 and Q1 2025. The key driver was a much lower provision for credit losses of $2.8 million versus $20.8 million a year earlier, while net interest income grew modestly year over year.

Asset quality trends are improving but still important. Non-accrual loans fell to $59.8 million, or 2.22% of gross loans, from 3.36% a year earlier, and the allowance for credit losses covered 54.5% of non-accruals. Net charge-offs were $3.9 million, slightly better than the prior year’s $4.2 million.

Profitability metrics also strengthened, with net interest margin rising to 2.95% from 2.59% and returns improving to 0.61% ROA and 6.50% ROE. The Board’s $0.08-per-share quarterly dividend, alongside stockholders’ equity of $307.4 million, signals a continued commitment to shareholder returns based on the current earnings profile.

8-K Event Classification

3 items: 2.02, 8.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Net income: $4.9M Diluted EPS: $0.26 per share Quarterly dividend: $0.08 per share +5 more

8 metrics

Net income $4.9M Quarter ended March 31, 2026

Diluted EPS $0.26 per share Q1 2026

Quarterly dividend $0.08 per share Payable May 20, 2026 to holders on May 6, 2026

Total assets $3.27B As of March 31, 2026

Net interest margin 2.95% Quarter ended March 31, 2026

Provision for credit losses $2.8M Q1 2026

Non-accrual loans $59.8M 2.22% of gross loans at March 31, 2026

Allowance coverage of non-accruals 54.5% Allowance for credit losses vs non-accrual loans at March 31, 2026

Key Terms

net interest margin, provision for credit losses, non-accrual loans, book value per common share, +2 more

6 terms

net interest margin financial

"The net interest margin increased to 2.95 percent for the first quarter of 2026 compared to 2.59 percent for the first quarter of 2025."

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

provision for credit losses financial

"The provision for credit losses was $2.8 million for the first quarter of 2026 compared to $20.8 million for the first quarter of 2025."

Provision for credit losses is an amount set aside by a financial institution to cover potential future losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution manage risks and stay financially healthy. For investors, it signals how cautious a lender is about potential loan defaults and can impact the company's profitability and financial stability.

non-accrual loans financial

"The Bank had non-accrual loans totaling $59.8 million, or 2.22 percent of gross loans, at March 31, 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.

book value per common share financial

"Book value per common share 1 | | $ | 16.25 | | | $ | 16.15 |"

The amount of a company’s net worth that is allocable to each common share, calculated by taking the company’s total assets minus its liabilities and dividing that net figure by the number of common shares outstanding. Investors use it as a back‑of‑the‑envelope measure of what each share would be worth if the company’s assets were converted to cash and debts paid; it’s especially useful for spotting stocks that may be cheap relative to their underlying assets, much like checking the estimated resale value of a house per room.

tangible book value per common share financial

"Tangible book value per common share 2 | | $ | 15.95 | | | $ | 15.85 |"

A per-share measure of the company’s tangible net asset value available to common shareholders after removing intangible items (like goodwill, brand value, and patents) and any preferred shareholder claims. Think of it as the amount each common share would get if the company sold only its physical and financial assets and settled priority claims. Investors use it as a conservative baseline to judge whether a stock is cheaply priced relative to the company’s hard-asset backing.

efficiency ratio financial

"Efficiency Ratio 4 | | | 62.36 percent | | | 119.95 percent |"

A measure of how much a company spends to produce each dollar of revenue, usually shown as operating expenses divided by revenue and expressed as a percentage. Think of it as a household’s budget: a lower percentage means more of each dollar earned stays as profit, while a higher number means costs are eating into returns. Investors use it to judge cost control and compare how efficiently companies turn revenue into earnings, especially in banks and financial firms.

Earnings Snapshot

Net income: $4.9M

Q1 2026

Net income $4.9M from $(8.3)M in Q1 2025

Diluted EPS $0.26 from $(0.51) in Q1 2025

Net interest income $22.8M +3.8% vs Q1 2025

Net interest margin 2.95% up from 2.59% in Q1 2025

Provision for credit losses $2.8M down from $20.8M in Q1 2025

FAQ

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

How did BCB Bancorp (BCBP) perform financially in Q1 2026?

BCB Bancorp earned $4.9 million in net income in Q1 2026, or $0.26 per diluted share. This marks a strong turnaround from a $12.0 million loss in Q4 2025 and an $8.3 million loss in Q1 2025, driven mainly by sharply lower credit loss provisions.

What dividend did BCB Bancorp (BCBP) declare for the first quarter of 2026?

The Board declared a regular quarterly cash dividend of $0.08 per share. The dividend is payable on May 20, 2026 to common shareholders of record at the close of business on May 6, 2026, continuing the company’s practice of returning cash to shareholders.

How did BCB Bancorp’s net interest margin change in Q1 2026?

Net interest margin improved to 2.95% in Q1 2026 from 2.59% in Q1 2025. The gain reflected a lower average rate paid on interest-bearing liabilities and a slightly higher yield on interest-earning assets, supporting better core banking profitability despite lower interest income.

What is the asset quality trend for BCB Bancorp (BCBP) as of March 31, 2026?

Non-accrual loans decreased to $59.8 million, or 2.22% of gross loans. This compares with 3.36% a year earlier. The allowance for credit losses covered 54.5% of non-accrual loans, and the company recorded $3.9 million in net charge-offs during the quarter.

What were BCB Bancorp’s key balance sheet figures at March 31, 2026?

Total assets were $3.27 billion and deposits were $2.67 billion at March 31, 2026. Loans receivable, net, stood at $2.66 billion, stockholders’ equity was $307.4 million, and cash and cash equivalents increased to $293.7 million, reflecting modest balance sheet contraction but strong liquidity.

How profitable was BCB Bancorp (BCBP) relative to its size in Q1 2026?

Return on average assets was 0.61% and return on average stockholders’ equity was 6.50% in Q1 2026. These ratios reflect a solid rebound from negative returns in Q1 2025, supported by lower credit provisions and a higher net interest margin.

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

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Accepted by SEC EDGAR 04/22/2026 - 08:07 AM Learn about SEC filing dates

BCB BANCORP INC false 0001228454 0001228454 2026-04-21 2026-04-21

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 21, 2026

BCB BANCORP, INC.

(Exact name of Registrant as Specified in its Charter)

New Jersey		0-50275		26-0065262
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

104-110 Avenue C
Bayonne, New Jersey		07002
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (201) 823-0700

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, no par value		BCBP		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On April 21, 2026, BCB Bancorp, Inc. (the “Company”), the holding company for BCB Community Bank, issued a press release (the “Press Release”) reporting the Company’s financial results at and for the quarter ended March 31, 2026. A copy of the Press Release and the accompanying financial statements are attached hereto as Exhibit 99.1 and are incorporated by reference into this Item 2.02.

The information provided in Item 2.02 of this report, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

Item 8.01. Other Events.

The Press Release also announced that the Company’s board of directors declared an $0.08 per share regular quarterly cash dividend. The dividend is payable on May 20, 2026 to common shareholders of record at the close of business on May 6, 2026.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

The following Exhibits are attached as part of this report.

Exhibit Number		Description
99.1		Press Release, dated April 21, 2026
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

						BCB BANCORP, INC.
DATE: April 22, 2026				By:		/s/ Jawad Chaudhry
						Jawad Chaudhry
						Executive Vice President and Chief Financial Officer
						(Duly Authorized Representative)

3

Exhibit 99.1

				CONTACT:		MICHAEL SHRINER,
						PRESIDENT & CEO
						JAWAD CHAUDHRY,
						EVP, CFO & TREASURER (201) 823-0700

BCB Bancorp, Inc. Earns $4.9 Million in First Quarter 2026

Reports $0.26 EPS and

Declares Quarterly Cash Dividend of $0.08 Per Share

BAYONNE, N.J., April 21, 2026 — BCB Bancorp, Inc. (the “Company”), (NASDAQ: BCBP), the holding company for BCB Community Bank (the “Bank”), today reported net income of $4.9 million for the first quarter of 2026, compared to a net loss of $12.0 million in the fourth quarter of 2025, and a net loss of $8.3 million for the first quarter of 2025. The Company’s earnings per diluted share for the first quarter were $0.26 compared to a loss per diluted share of ($0.73) in the preceding quarter and a loss per diluted share of ($0.51) in the first quarter of 2025.

The Company also announced that its Board of Directors has declared a regular quarterly cash dividend of $0.08 per share. The dividend will be payable on May 20, 2026, to common shareholders of record on May 6, 2026.

“We are pleased to report a profitable first quarter, reflecting steady financial momentum and continued improvement across our core performance metrics. Our capital and liquidity positions remain strong, and the credit headwinds experienced in 2025 have moderated, consistent with our expectations. Following the stabilization of these trends, we have resumed lending activity and anticipate loan originations will continue to build momentum as the year progresses,” said Michael Shriner, President and Chief Executive Officer of BCB Bank.

Executive Summary

• Total deposits were $2.672 billion at March 31, 2026, compared to $2.674 billion at December 31, 2025.

• Net interest margin was 2.95 percent for the first quarter of 2026, compared to 3.03 percent for the fourth quarter of 2025, and 2.59 percent for the first quarter of 2025.

• The total yield on our interest-earning assets was 5.21 percent for the first quarter of 2026, compared to 5.32 percent for the fourth quarter of 2025, and 5.20 percent for the first quarter of 2025.

• The total cost of our interest-bearing liabilities decreased 5 basis points to 2.93 percent for the first quarter of 2026, compared to 2.98 percent for the fourth quarter of 2025, and decreased 40 basis points from 3.33 percent for the first quarter of 2025.

• The efficiency ratio for the first quarter 2026 was 62.4 percent compared to 120.0 percent in the prior quarter, and 61.6 percent in the first quarter of 2025.

• The annualized return on average assets ratio for the first quarter of 2026 was 0.61 percent, compared to (1.44) percent in the prior quarter, and (0.95) percent in the first quarter of 2025.

• The annualized return on average equity ratio for the first quarter of 2026 was 6.5 percent, compared to (15.0) percent in the prior quarter, and (10.4) percent in the first quarter of 2025.

• The allowance for credit losses (“ACL”) as a percentage of non-accrual loans was 54.5 percent at March 31, 2026, compared to 53.3 percent at the prior quarter-end. Total non-accrual loans were $59.8 million at March 31, 2026, compared to $63.3 million at December 31, 2025, $93.5 million at September 30, 2025 and $101.8 million at June 30, 2025.

• The provision for credit losses was $2.8 million in the first quarter of 2026 compared to $12.2 million for the fourth quarter of 2025. In the first quarter of 2025, the Bank recorded a provision for credit losses of $20.8 million.

• Total loans receivable, net of the allowance for credit losses, of $2.656 billion at March 31, 2026, decreased 1.3 percent from $2.691 billion at December 31, 2025, and decreased 9.0 percent from $2.918 billion at March 31, 2025.

BCBP Reports First Quarter 2026 Results

April 21, 2026

Page 2

Balance Sheet Review

Total assets decreased by $10.4 million, or 0.3 percent, to $3.269 billion at March 31, 2026, from $3.280 billion at December 31, 2025. This decrease is the result of fewer net loans, offset by an increase in cash and cash equivalents.

Total cash and cash equivalents increased by $17.2 million, or 6.2 percent, to $293.7 million at March 31, 2026, from $276.6 million at December 31, 2025. The increase in cash was primarily due to loan cash flows.

Loans receivable, net, decreased by $35.1 million, or 1.3 percent, to $2.656 billion at March 31, 2026, from $2.691 billion at December 31, 2025, due to loan payoffs, paydowns and charge-offs. Total loan decreases during the period included decreases of $19.3 million in commercial real estate and multi-family loans, $12.1 in commercial business loans and $4.6 million in 1-4 family residential loans and home equity loans. The allowance for credit losses decreased $1.1 million to $32.6 million, or 54.5 percent of non-accruing loans and 1.21 percent of gross loans, at March 31, 2026, as compared to an allowance for credit losses of $33.7 million, or 53.3 percent of non-accruing loans and 1.24 percent of gross loans, at December 31, 2025.

Total investments increased by $7.5 million, or 5.6 percent, to $143.1 million at March 31, 2026, from $135.6 million at December 31, 2025, representing current year purchases, net of maturity and paydowns during 2026.

Deposits decreased by $1.1 million, or 0.04 percent, to $2.672 billion at March 31, 2026, from $2.674 billion at December 31, 2025. Certificates of deposit, non-interest bearing accounts and savings and club accounts decreased $33.7 million, and were offset by increases in money market accounts and interest bearing deposit accounts which totaled $32.6 million.

Debt obligations decreased by $9.9 million to $268.3 million at March 31, 2026, from $278.2 million at December 31, 2025, due to maturities of our FHLB advances. The weighted average interest rate of FHLB advances was 4.70 percent at March 31, 2026, and 4.53 percent at December 31, 2025. The weighted average maturity of FHLB advances as of March 31, 2026 was 0.23 years. The interest rate of our subordinated debt balances was 9.25 percent at March 31, 2026 and December 31, 2025.

Stockholders’ equity increased by $3.1 million, or 1.0 percent, to $307.4 million at March 31, 2026, from $304.3 million at December 31, 2025. The increase was attributable to retained earnings, which increased $3.0 million.

First Quarter 2026 Income Statement Review

The Company reported net income of $4.9 million for the quarter ended March 31, 2026, compared to a net loss of $8.3 million for the quarter ended March 31, 2025. This increase was due to the Bank recording $18.1 million less in loan loss provisioning, offset by the Bank recording $5.1 million more in income taxes.

Interest income decreased by $3.8 million, or 8.6 percent, to $40.4 million for the first quarter of 2026 from $44.2 million for the first quarter of 2025. The average balance of interest-earning assets decreased $299.2 million, or 8.7 percent, to $3.144 billion for the first quarter of 2026 from $3.444 billion for the first quarter of 2025. The average yield increased 1 basis point to 5.21 percent for the first quarter of 2026 from 5.20 percent for the first quarter of 2025.

Interest expense decreased by $4.6 million to $17.6 million for the first quarter of 2026 from $22.2 million for the first quarter of 2025. The decrease resulted from a decrease in the average rate paid on interest-bearing liabilities of 40 basis points to 2.93 percent for the first quarter of 2026 from 3.33 percent for the first quarter of 2025, while the average balance of interest-bearing liabilities decreased by $267.6 million to $2.434 billion in the first quarter of 2026 from $2.702 billion in the first quarter of 2025.

The net interest margin increased to 2.95 percent for the first quarter of 2026 compared to 2.59 percent for the first quarter of 2025. The increase in the net interest margin compared to the first quarter of 2025 was the result of a decrease in the cost of interest-bearing liabilities, and an increase in the yield on interest-earning assets.

BCBP Reports First Quarter 2026 Results

April 21, 2026

Page 3

During the first quarter of 2026, the Company recognized $3.9 million in net charge-offs compared to $4.2 million in net charge-offs in the first quarter of 2025. The Bank had non-accrual loans totaling $59.8 million, or 2.22 percent of gross loans, at March 31, 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 $32.6 million, or 1.21 percent of gross loans, at March 31, 2026, and $33.7 million, or 1.24 percent of gross loans, at December 31, 2025. The provision for credit losses was $2.8 million for the first quarter of 2026 compared to $12.2 million for the fourth quarter of 2025 and $20.8 million for the first quarter of 2025. Management believes that the allowance for credit losses on loans was adequate at March 31, 2026 and December 31, 2025.

Non-interest income increased by $310 thousand to $2.1 million for the first quarter of 2026 from $1.8 million in the first quarter of 2025. The increase in total non-interest income was mainly related to a $338 thousand increase in BOLI income and a decrease in our realized and unrealized loss on equity investments of $22 thousand. Offsetting this was a decrease in other non-interest income of $75 thousand.

Non-interest expense increased by $891 thousand, or 6.1 percent, to $15.6 million for the first quarter of 2026 compared to non-interest expense of $14.7 million for the first quarter of 2025. The increase in these expenses for the first quarter of 2026 was primarily driven by salaries and employee benefits, data processing costs and OREO expenses, which rose $924 thousand, $179 thousand and $150 thousand, respectively. Offsetting this was a decline in other non-interest expense and director fees of $203 thousand and $172 thousand, respectively.

The income tax provision increased by $5.1 million, to an income tax expense of $1.7 million for the first quarter of 2026 when compared to a income tax benefit of $3.4 million for the first quarter of 2025.

Asset Quality

During the first quarter of 2026, the Company recognized $3.9 million in net charge offs, compared to $4.2 million in net charge-offs for the first quarter of 2025.

The Company had non-accrual loans totaling $59.8 million, or 2.22 percent of gross loans, at March 31, 2026, as compared to $99.8 million, or 3.36 percent of gross loans, at March 31, 2025. The allowance for credit losses was $32.6 million, or 1.21 percent of gross loans, at March 31, 2026, and $51.5 million, or 1.73 percent of gross loans, at March 31, 2025. The allowance for credit losses was 54.5 percent of non-accrual loans at March 31 2026, and 51.6 percent of non-accrual loans at March 31, 2025.

BCBP Reports First Quarter 2026 Results

April 21, 2026

Page 4

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-three branch offices in Bayonne, Edison, Hoboken, Fairfield, Holmdel, Jersey City, Lyndhurst, Maplewood, Monroe Township, Newark, Parsippany, Plainsboro, River Edge, Rutherford, South Orange, Union, and Woodbridge, New Jersey, and four branches 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 military conflicts in the Ukraine and the Middle East, the potential impact of any future Federal budget stalemate in Congress, global tariffs imposed by the Trump administration, higher inflation levels, and general economic concerns, all of which could impact economic growth 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: our ability to manage liquidity and capital in a rapidly changing and unpredictable market, supply chain disruptions, labor shortages; unfavorable economic conditions in the United States generally and particularly in our primary market area; 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; 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; our level of non-performing assets and the costs associated with resolving any problem loans including litigation and other costs; 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 our ability to access cost-effective funding; 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 mortgage markets; changes in management’s business strategies; 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; expanding regulatory requirements which could adversely affect operating results; civil unrest in the communities that we serve; 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 purpose only, are not forecasts and may not reflect actual results.

BCBP Reports First Quarter 2026 Results

April 21, 2026

Page 5

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.

BCBP Reports First Quarter 2026 Results

April 21, 2026

Page 6

		Statements of Operations - Three Months Ended,
		March 31, 2026				December 31, 2025				March 31, 2025				March 31, 2026 vs. December 31, 2025				March 31, 2026 vs. March 31, 2025
		(In thousands, except per share amounts, Unaudited)
Interest and dividend income:
Loans, including fees		$	35,878			$	38,344			$	38,927				-6.4	%			-7.8	%
Mortgage-backed securities			839				772				561				8.7	%			49.6	%
Other investment securities			990				914				968				8.3	%			2.3	%
FHLB stock and other interest-earning assets			2,695				2,514				3,736				7.2	%			-27.9	%
Total interest and dividend income			40,402				42,544				44,192				-5.0	%			-8.6	%
Interest expense:
Deposits:
Demand			5,170				5,196				5,418				-0.5	%			-4.6	%
Savings and club			136				213				151				-36.2	%			-9.9	%
Certificates of deposit			8,592				9,125				10,762				-5.8	%			-20.2	%
			13,898				14,534				16,331				-4.4	%			-14.9	%
Borrowings			3,667				3,787				5,856				-3.2	%			-37.4	%
Total interest expense			17,565				18,321				22,187				-4.1	%			-20.8	%
Net interest income			22,837				24,223				22,005				-5.7	%			3.8	%
Provision for credit losses			2,788				12,195				20,845				-77.1	%			-86.6	%
Net interest income after provision for credit losses			20,049				12,028				1,160				66.7	%			1628.4	%
Non-interest income income:
Fees and service charges			1,191				1,173				1,173				1.5	%			1.5	%
Gain on sales of loans			7				8				—				-12.5	%			—
Realized and unrealized loss on equity investments			(93	)			(427	)			(115	)			-78.2	%			-19.1	%
Bank-owned life insurance (“BOLI”) income			946				1,001				608				-5.5	%			55.6	%
Other			50				188				125				-73.4	%			-60.0	%
Total non-interest income			2,101				1,943				1,791				8.1	%			17.3	%
Non-interest expense:
Salaries and employee benefits			8,327				7,960				7,403				4.6	%			12.5	%
Occupancy and equipment			2,724				2,617				2,723				4.1	%			0.0	%
Data processing and communications			2,023				1,982				1,844				2.1	%			9.7	%
Professional fees			627				834				692				-24.8	%			-9.4	%
Director fees			246				315				418				-21.9	%			-41.1	%
Regulatory assessment fees			765				790				709				-3.2	%			7.9	%
Advertising and promotions			200				446				179				-55.2	%			11.7	%
Other real estate owned, net			150				15,077				—				0.0	%			—
Other			489				1,364				692				-64.1	%			-29.3	%
Total non-interest expense			15,551				31,385				14,660				-50.5	%			6.1	%
Income (Loss) before income tax (benefit) provision			6,599				(17,414	)			(11,709	)			-137.9	%			-156.4	%
Income tax (benefit) provision			1,695				(5,385	)			(3,385	)			-131.5	%			-150.1	%
Net Income (Loss)			4,904				(12,029	)			(8,324	)			-140.8	%			-158.9	%
Preferred stock dividends			482				482				482				—				—
Net Income (Loss) available to common stockholders		$	4,422			$	(12,511	)		$	(8,806	)			-135.3	%			-150.2	%
Net Income (Loss) per common share-basic and diluted
Basic		$	0.26			$	(0.73	)		$	(0.51	)			-135.2	%			-149.6	%
Diluted		$	0.26			$	(0.73	)		$	(0.51	)			-135.2	%			-149.6	%
Weighted average number of common shares outstanding
Basic			17,314				17,249				17,113				0.4	%			1.2	%
Diluted			17,314				17,249				17,113				0.4	%			1.2	%

BCBP Reports First Quarter 2026 Results

April 21, 2026

Page 7

Statements of Financial Condition		March 31, 2026				December 31, 2025				March 31, 2025				March 31, 2026 vs. December 31, 2025				March 31, 2026 vs. March 31, 2025
		(In Thousands, Unaudited)
ASSETS
Cash and amounts due from depository institutions		$	12,619			$	13,794			$	11,977				-8.5	%			5.4	%
Interest-earning deposits			281,118				262,790				240,773				7.0	%			16.8	%
Total cash and cash equivalents			293,737				276,584				252,750				6.2	%			16.2	%
Interest-earning time deposits			735				735				735				—				—
Debt securities available for sale			134,013				126,395				116,496				6.0	%			15.0	%
Equity investments			9,079				9,172				9,357				-1.0	%			-3.0	%
Loans receivable, net of allowance for credit losses on loans of $32,578, $33,691, and $51,484 respectively			2,655,981				2,691,091				2,917,610				-1.3	%			-9.0	%
Federal Home Loan Bank of New York (“FHLB”) stock, at cost			13,757				14,176				22,066				-3.0	%			-37.7	%
Premises and equipment, net			11,915				12,056				12,474				-1.2	%			-4.5	%
Accrued interest receivable			15,259				13,834				16,354				10.3	%			-6.7	%
Other real estate owned			5,000				5,000				—				—				—
Deferred income taxes			22,322				22,209				22,814				0.5	%			-2.2	%
Goodwill			5,253				5,253				5,253				—				—
Operating lease right-of-use asset			10,889				10,660				12,622				2.1	%			-13.7	%
Bank-owned life insurance (“BOLI”)			80,312				79,366				76,648				1.2	%			4.8	%
Other assets			10,845				12,935				8,643				-16.2	%			25.5	%
Total Assets		$	3,269,097			$	3,279,466			$	3,473,822				-0.3	%			-5.9	%
LIABILITIES AND STOCKHOLDERS’ EQUITY
LIABILITIES
Non-interest bearing deposits		$	521,316			$	531,140			$	542,621				-1.8	%			-3.9	%
Interest bearing deposits			2,151,113				2,142,433				2,143,887				0.4	%			0.3	%
Total deposits			2,672,429				2,673,573				2,686,508				—				-0.5	%
FHLB advances			225,000				235,000				405,499				-4.3	%			-44.5	%
Subordinated debentures			43,272				43,210				43,024				0.1	%			0.6	%
Operating lease liability			11,365				11,140				13,087				2.0	%			-13.2	%
Other liabilities			9,651				12,259				10,982				-21.3	%			-12.1	%
Total Liabilities			2,961,717				2,975,182				3,159,100				-0.5	%			-6.2	%
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			203,876				203,429				201,804				0.2	%			1.0	%
Retained earnings			119,412				116,415				130,291				2.6	%			-8.3	%
Accumulated other comprehensive loss			(2,804	)			(2,456	)			(4,269	)			14.2	%			-34.3	%
Treasury stock, at cost			(38,347	)			(38,347	)			(38,347	)			—				—
Total Stockholders’ Equity			307,380				304,284				314,722				1.0	%			-2.3	%
Total Liabilities and Stockholders’ Equity		$	3,269,097			$	3,279,466			$	3,473,822				-0.3	%			-5.9	%
Outstanding common shares			17,359				17,274				17,163

BCBP Reports First Quarter 2026 Results

April 21, 2026

Page 8

		Three Months Ended March 31,
		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)		$	2,708,511			$	35,878				5.37	%		$	2,994,529			$	38,927				5.27	%
Investment Securities			137,146				1,829				5.33	%			117,205				1,529				5.22	%
Other Interest-earning assets (6)			298,670				2,695				3.66	%			331,808				3,736				4.57	%
Total Interest-earning assets			3,144,327				40,402				5.21	%			3,443,542				44,192				5.20	%
Non-interest-earning assets			136,210												125,974
Total assets		$	3,280,537											$	3,569,516
Interest-bearing liabilities:
Interest-bearing demand accounts		$	523,400			$	2,043				1.58	%		$	560,565			$	2,369				1.71	%
Money market accounts			432,313				3,127				2.93	%			394,282				3,049				3.14	%
Savings accounts			242,459				136				0.23	%			252,227				151				0.24	%
Certificates of Deposit			964,292				8,592				3.61	%			1,005,669				10,762				4.34	%
Total interest-bearing deposits			2,162,464				13,898				2.61	%			2,212,743				16,331				2.99	%
Borrowed funds			271,123				3,667				5.49	%			488,418				5,856				4.86	%
Total interest-bearing liabilities			2,433,587				17,565				2.93	%			2,701,161				22,187				3.33	%
Non-interest-bearing liabilities			541,026												543,660
Total liabilities			2,974,613												3,244,821
Stockholders’ equity			305,924												324,695
Total liabilities and stockholders’ equity		$	3,280,537											$	3,569,516
Net interest income						$	22,837											$	22,005
Net interest rate spread(1)											2.28	%											1.87	%
Net interest margin(2)											2.95	%											2.59	%

(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.

BCBP Reports First Quarter 2026 Results

April 21, 2026

Page 9

		Financial Condition data by quarter
		Q1 2026				Q4 2025				Q3 2025				Q2 2025				Q1 2025
		(In thousands, except book values)
Total assets		$	3,269,097			$	3,279,466			$	3,353,065			$	3,380,461			$	3,473,822
Cash and cash equivalents			293,737				276,584				249,614				206,852				252,750
Securities			143,092				135,567				125,292				140,025				125,853
Loans receivable, net			2,655,981				2,691,091				2,788,932				2,860,453				2,917,610
Deposits			2,672,429				2,673,573				2,687,387				2,661,534				2,686,508
Borrowings			268,272				278,210				323,922				378,722				448,523
Stockholders’ equity			307,380				304,284				318,453				315,735				314,722
Book value per common share1		$	16.25			$	16.15			$	17.02			$	16.89			$	16.87
Tangible book value per common share2		$	15.95			$	15.85			$	16.71			$	16.59			$	16.56
		Operating data by quarter
		Q1 2026				Q4 2025				Q3 2025				Q2 2025				Q1 2025
		(In thousands, except for per share amounts)
Net interest income		$	22,837			$	24,223			$	23,711			$	23,102			$	22,005
Provision for credit losses			2,788				12,195				4,080				4,891				20,845
Non-interest income			2,101				1,943				2,745				2,076				1,791
Non-interest expense			15,551				31,385				16,570				15,268				14,660
Income tax expense (benefit)			1,695				(5,385	)			1,544				1,455				(3,385	)
Net income (loss)		$	4,904			$	(12,029	)		$	4,262			$	3,564			$	(8,324	)
Net income (loss) per diluted share		$	0.26			$	(0.73	)		$	0.22			$	0.18			$	(0.51	)
Common Dividends declared per share		$	0.08			$	0.08			$	0.16			$	0.16			$	0.16
		Financial Ratios(3)
		Q1 2026				Q4 2025				Q3 2025				Q2 2025				Q1 2025
Return on average assets			0.61	%			(1.44	%)			0.50	%			0.42	%			(0.95	%)
Return on average stockholders’ equity			6.50	%			(14.99	%)			5.35	%			4.55	%			(10.40	%)
Net interest margin			2.95	%			3.03	%			2.88	%			2.80	%			2.59	%
Stockholders’ equity to total assets			9.40	%			9.28	%			9.50	%			9.34	%			9.06	%
Efficiency Ratio4			62.36	%			119.95	%			62.63	%			60.64	%			61.61	%
		Asset Quality Ratios
		Q1 2026				Q4 2025				Q3 2025				Q2 2025				Q1 2025
		(In thousands, except for ratio %)
Non-Accrual Loans		$	59,805			$	63,255			$	93,517			$	101,764			$	99,833
Non-Accrual Loans as a % of Total Loans			2.22	%			2.32	%			3.31	%			3.50	%			3.36	%
ACL as % of Non-Accrual Loans			54.5	%			53.3	%			40.4	%			49.8	%			51.6	%
Individually Analyzed Loans			160,600				162,226				129,358				153,428				122,517
Classified Loans			194,662				188,876				228,255				266,847				251,989

(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.”

BCBP Reports First Quarter 2026 Results

April 21, 2026

Page 10

		Recorded Investment in Loans Receivable by quarter
		Q1 2026				Q4 2025				Q3 2025				Q2 2025				Q1 2025
		(In thousands)
Residential one-to-four family		$	223,708			$	226,708			$	227,140			$	230,917			$	232,456
Commercial and multi-family			2,076,406				2,095,711				2,135,385				2,177,268				2,221,218
Construction			73,804				73,963				110,824				116,214				118,779
Commercial business			240,158				252,229				279,976				315,333				330,358
Home equity			72,716				74,332				73,566				71,587				66,479
Consumer			3,584				3,580				2,042				2,075				2,271
		$	2,690,376			$	2,726,523			$	2,828,933			$	2,913,394			$	2,971,561
Less:
Deferred loan fees, net			(1,817	)			(1,741	)			(2,198	)			(2,283	)			(2,467	)
Allowance for credit losses			(32,578	)			(33,691	)			(37,803	)			(50,658	)			(51,484	)
Total loans, net		$	2,655,981			$	2,691,091			$	2,788,932			$	2,860,453			$	2,917,610
		Non-Accruing Loans in Portfolio by quarter
		Q1 2026				Q4 2025				Q3 2025				Q2 2025				Q1 2025
		(In thousands)
Residential one-to-four family		$	1,576			$	1,554			$	1,410			$	1,436			$	1,138
Commercial and multi-family			52,297				52,159				70,546				91,480				89,296
Construction			3,173				4,897				2,310				586				586
Commercial business			2,418				4,351				18,777				7,769				8,374
Home equity			341				294				474				493				439
Consumer			—				—				—				—				—
Total:		$	59,805			$	63,255			$	93,517			$	101,764			$	99,833
		Distribution of Deposits by quarter
		Q1 2026				Q4 2025				Q3 2025				Q2 2025				Q1 2025
		(In thousands)
Demand:
Non-Interest Bearing		$	521,317			$	531,140			$	536,908			$	539,093			$	542,620
Interest Bearing			511,465				501,172				477,427				503,336				537,468
Money Market			448,397				426,138				422,424				428,397				405,793
Sub-total:		$	1,481,179			$	1,458,450			$	1,436,759			$	1,470,826			$	1,485,881
Savings and Club			240,048				243,670				254,554				258,585				254,732
Certificates of Deposit			951,202				971,453				996,074				932,123				945,895
Total Deposits:		$	2,672,429			$	2,673,573			$	2,687,387			$	2,661,534			$	2,686,508

BCBP Reports First Quarter 2026 Results

April 21, 2026

Page 11

		Reconciliation of GAAP to Non-GAAP Financial Measures by quarter
		Tangible Book Value per Share
		Q1 2026				Q4 2025				Q3 2025				Q2 2025				Q1 2025
		(In thousands, except per share amounts)
Total Stockholders’ Equity		$	307,380			$	304,284			$	318,453			$	315,735			$	314,722
Less: goodwill			5,253				5,253				5,253				5,253				5,253
Less: preferred stock			25,243				25,243				25,243				25,243				25,243
Total tangible common stockholders’ equity			276,884				273,788				287,957				285,239				284,226
Shares common shares outstanding			17,359				17,274				17,228				17,194				17,163
Book value per common share		$	16.25			$	16.15			$	17.02			$	16.89			$	16.87
Tangible book value per common share		$	15.95			$	15.85			$	16.71			$	16.59			$	16.56
		Efficiency Ratios
		Q1 2026				Q4 2025				Q3 2025				Q2 2025				Q1 2025
		(In thousands, except for ratio %)
Net interest income		$	22,837			$	24,223			$	23,711			$	23,102			$	22,005
Non-interest income			2,101				1,943				2,745				2,076				1,791
Total income			24,938				26,166				26,456				25,178				23,796
Non-interest expense			15,551				31,385				16,570				15,268				14,660
Efficiency Ratio			62.36	%			119.95	%			62.63	%			60.64	%			61.61	%

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