BCB Bancorp, Inc. reported a second‑quarter 2026 net loss of $14.8 million, or ($0.85) per diluted share, compared with net income of $3.6 million a year earlier. For the first six months of 2026, the company posted a net loss of $9.9 million. Results were driven by a $19.0 million provision for credit losses, a $5.3 million non‑cash goodwill impairment that fully wrote off goodwill, and a $2.6 million loss on a nonaccrual construction loan moved to held‑for‑sale. The allowance for credit losses rose to $45.0 million, or 1.71 percent of gross loans, while non‑accrual loans increased to $72.0 million, or 2.73 percent of gross loans, reflecting elevated net charge‑offs in the commercial and industrial and Business Express portfolios.
Total assets declined to $3.118 billion, with net loans down to $2.588 billion and cash reduced as the bank paid down wholesale funding. Deposits eased modestly to $2.636 billion, and debt obligations, including Federal Home Loan Bank advances, fell to $168.3 million. Despite the loss, capital remained above well‑capitalized levels. The net interest margin improved to 3.03 percent, up from 2.80 percent in the prior‑year quarter, as interest expense declined. To preserve capital and liquidity, the board suspended common and preferred dividends, and the bank stopped originating residential mortgage, home equity and consumer loans while it conducts a comprehensive credit review with independent consultants.
The board also approved a proposal to change the company’s state of incorporation from New Jersey to Delaware and to replace staggered board terms with annual director elections, subject to shareholder approval at a special meeting expected later in the year.
BCB Bancorp, Inc., holding company for BCB Community Bank, announced plans to report its second quarter 2026 financial results before the market opens on Monday, August 3, 2026. Management will host an earnings conference call and webcast that day at 8:45 a.m. Eastern Time to discuss the results.
Investors can join the call by dialing 1-800-715-9871 with conference ID 3209751, with a replay available online. BCB Community Bank, established in 2000 and headquartered in Bayonne, New Jersey, operates 22 branches in New Jersey and 4 branches in New York, offering a range of retail and commercial banking services.
BCB Bancorp Inc. Chief Executive Officer Thomas M. O'Brien reports direct ownership of 709,220 shares of common stock, reflecting a restricted stock inducement award. The award vests in five equal installments of 141,844 shares each December 31 from 2026 through 2030, with specified acceleration provisions tied to Change of Control, board service, death, disability, and certain employment terminations.
Dimensional Fund Advisors LP, acting as investment adviser to various funds, reports that those funds collectively hold 750,081 shares of BCB Bancorp Inc. common stock, representing 4.3% of the class. Dimensional may be deemed a beneficial owner for Section 13(d) purposes but disclaims beneficial ownership, as all securities are owned by the underlying funds.
Dimensional reports sole power to vote 731,082 shares and sole power to dispose of 750,081 shares, with no shared voting or dispositive power. The holding is characterized as ownership of 5 percent or less of the class, and each individual fund’s interest is stated to be below 5% of the outstanding common stock.
BCB Bancorp, Inc. has suspended its 2026 Amended and Restated Dividend Reinvestment and Stock Purchase Plan, effective August 6, 2026. After that date, the company will no longer accept or process new dividend reinvestments or optional cash purchases, and any unprocessed optional cash investments will be returned to shareholders.
Shares already held in the Plan are unaffected and will remain in Plan accounts, where holders may continue to hold, transfer, or request certificates under existing terms. The company will file a Post-Effective Amendment to its Form S-3D registration statement related to the Plan’s suspension and has provided participants with a formal notice, attached as Exhibit 99.1.
BCB Bancorp, Inc. announced that its Board of Directors has suspended payment of the Company’s quarterly cash dividends on both common and preferred stock. At the same time, the Board suspended the Company’s 2026 Amended and Restated Dividend Reinvestment and Stock Purchase Plan.
President and CEO Thomas M. O’Brien said the decision supports a thorough evaluation of the Bank’s credit portfolios and reflects a focus on capital preservation. Eliminating the quarterly dividend is expected to conserve approximately $1.86 million of capital per quarter to help maintain a “well-capitalized” position and support long-term shareholder value. Management also noted an expectation that the Bank will continue to support the Company’s debt service obligations given the parent company’s limited cash position.
BCB Bancorp Inc. chief operating officer Ryan Blake reported a routine update to his shareholdings. A Form 4 shows a discretionary transaction under Rule 16b-3(f) in his 401(k) plan, reflecting a portfolio rebalancing that disposed of certain Common Stock shares rather than an open-market trade.
Following this activity, Blake directly holds 42,262 Common Stock shares and indirectly holds 1,112 shares through his 401(k) plan. The filing indicates this was an internal retirement-plan adjustment, not a traditional buy or sell in the market.
BCBP reported a disclosed disposition of common stock by an affiliate. The filing lists 23,349 shares disposed on 06/11/2026 for $255,324.88. The excerpt also shows a planned sale entry of 10,151 shares (listed under "Securities To Be Sold") with an associated 06/12/2026 record.
BCB Bancorp Inc. director and Chief Executive Officer Thomas M. O'Brien filed an initial ownership report showing holdings of 709,220 shares of Common Stock held directly. The position includes shares of restricted stock that vest in five 20% installments each December 31 from 2026 through 2030.