BCB Bancorp estimates $43.3M pre-tax loan-sale loss
The estimated $43.3 million pre-tax loss will be recorded in the third quarter of 2026; five of six transactions have closed.
Rhea-AI Filing Summary
BCB Bancorp, Inc. (BCBP), the holding company for BCB Community Bank, said the Bank entered definitive agreements with six purchasers between September 21 and September 24, 2026, to sell problem-loan portfolios with approximately $205.3 million in unpaid principal balance as of June 30, 2026. The portfolios comprise commercial and multifamily real estate loans with approximately $180.7 million, commercial and industrial loans with approximately $14.8 million, and construction loans with approximately $9.8 million in unpaid principal balance, each as of June 30, 2026. Most loans were rated criticized or classified under the Bank’s internal risk rating system; business express loans are excluded.
The estimated pre-tax loss attributable to the sales is $43.3 million, to be recorded in the third quarter of 2026. Five of six transactions have closed; the last is expected to close before the end of the third quarter of 2026. Each agreement is independent, and closing any one was not conditioned on closing another.
Positive
- None.
Negative
- Estimated $43.3 million pre-tax loss to be recorded in Q3 2026.
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unpaid principal balance financial
criticized or classified financial
pre-tax loss financial
commercial and industrial (C&I) loans financial
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
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Item 8.01. Other Events.
On September 25, 2026, BCB Bancorp, Inc. (the “Company”), the holding company for BCB Community Bank (the “Bank”), announced that the Bank has entered into definitive agreements to sell portfolios of certain problem loans, most of which are rated criticized or classified under the Bank’s internal risk rating system. Between September 21 and September 24, 2026, the Bank entered into definitive agreements with six different purchasers providing for the sale of loans with an aggregate unpaid principal balance of approximately $205.3 million as of June 30, 2026.
The portfolios being sold consist of commercial and multifamily real estate loans with an aggregate unpaid principal balance of approximately $180.7 million, commercial and industrial (C&I) loans with an aggregate unpaid principal balance of approximately $14.8 million, and construction loans with an aggregate unpaid principal balance of approximately $9.8 million, in each case, as of June 30, 2026. None of the Bank’s business express loans are included in the portfolios. The estimated pre-tax loss attributable to these loan sales is $43.3 million, which will be recorded in the third quarter of 2026.
Closing has occurred with respect to five of the six loan sale transactions, with the last transaction expected to close before the end of the third quarter of 2026. Each definitive agreement is independent of the others, and the closing of any one agreement was not conditioned on the closing of any other.
A copy of the Company’s press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| No. | Description | |
| 99.1 | Press Release, dated September 25, 2026 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
FORWARD-LOOKING STATEMENTS
Certain statements contained in this Report on Form 8-K (including Exhibit 99.1) may be deemed to be forward-looking statements under federal securities laws, and we intend that such forward-looking statements be subject to the safe harbor created thereby. 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 Iran 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 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; competition; 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. The Company undertakes no obligation to publish revised forward-looking statements to reflect events or circumstances after the date such forward-looking statements are made or to reflect the occurrence of subsequent unanticipated events.
SIGNATURE
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: September 25, 2026 | By: | /s/ Ryan Blake | ||||
| Ryan Blake | ||||||
| Executive Vice President, Chief Operating Officer and Corporate Secretary (Duly Authorized Representative) | ||||||
Exhibit 99.1
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CONTACT: | JAWAD CHAUDHRY | ||
| EVP, CFO | ||||
| (800) 680-6872 |
BCB Bancorp, Inc. Announces Definitive Agreements to Sell Problem Loan Portfolios
BAYONNE, N.J., September 25, 2026 — BCB Bancorp, Inc. (the “Company”), (NASDAQ: BCBP), the holding company for BCB Community Bank (the “Bank”), announced today that the Bank has entered into definitive agreements to sell several portfolios of certain problem loans, most of which are rated criticized or classified under the Bank’s internal risk rating system. Between September 21 and September 24, 2026, the Bank entered into definitive agreements with six different purchasers providing for the sale of loans with an aggregate unpaid principal balance of approximately $205.3 million as of June 30, 2026.
The portfolios being sold consist of commercial and multifamily real estate loans with an aggregate unpaid principal balance of approximately $180.7 million, commercial and industrial (C&I) loans with an aggregate unpaid principal balance of approximately $14.8 million, and construction loans with an aggregate unpaid principal balance of approximately $9.8 million, in each case, as of June 30, 2026. None of the Bank’s business express loans are included in the portfolios. The estimated pre-tax loss attributable to these loan sales is $43.3 million, which will be recorded in the third quarter of 2026.
Closing has occurred with respect to five of the six loan sale transactions, with the last transaction expected to close before the end of the third quarter of 2026. Each definitive agreement is independent of the others, and the closing of any one agreement was not conditioned on the closing of any other.
Hilltop Securities Inc. served as financial advisor and Arnold & Porter Kaye Scholer LLP served as legal counsel to the Bank in connection with the successful execution of these transactions.
Thomas M. O’Brien, President and Chief Executive Officer of the Company and the Bank, stated, “Since I joined the Company, we have moved quickly to reassess our credit risk ratings and take decisive action on our legacy credit challenges. We committed to aggressively address these issues and to put transparent, actionable solutions in place promptly, and the sale transactions we are announcing today, covering approximately $205 million in problem loans, reflect that commitment in practice. We believe these sales meaningfully de-risk our balance sheet and remove a significant source of uncertainty, allowing us to focus our energy on building a stronger, more sustainable, and profitable institution going forward.”
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 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.