BCBP 8-K

MICHAEL SHRINER,

PRESIDENT & CEO

JAWAD CHAUDHRY,

EVP, CFO & TREASURER

(201) 823-0700

Bcb Bancorp Inc (BCBP)

8-K 2025-10-27 For: 2025-10-27

View Original

Added on April 08, 2026


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


Exhibit Number		Description

99.1		Press Release, dated October 27, 2025

104		Cover Page Interactive Data File (embedded within the Inline XBRL document)


		BCB BANCORP, INC.

DATE: October 27, 2025	By:	/s/ Jawad Chaudhry
		Jawad Chaudhry
		Executive Vice President and Chief Financial Officer
		(Duly Authorized Representative)


	Statements of Operations - Three Months Ended,
	September 30, 2025		June 30, 2025			September 30, 2024		September 30, 2025 vs. June 30, 2025			September 30, 2025 vs. September 30, 2024
	(In thousands, except per share amounts, Unaudited)
Interest and dividend income:
Loans, including fees	$	38,278	$	38,650		$	42,857		-1.0	%		-10.7	%
Mortgage-backed securities		843		765			303		10.2	%		178.2	%
Other investment securities		1,114		1,057			994		5.4	%		12.1	%
FHLB stock and other interest-earning assets		2,807		2,709			4,472		3.6	%		-37.2	%

Total interest and dividend income		43,042		43,181			48,626		-0.3	%		-11.5	%

Interest expense:
Deposits:
Demand		5,608		5,584			5,686		0.4	%		-1.4	%
Savings and club		233		217			146		7.4	%		59.6	%
Certificates of deposit		9,445		9,170			13,670		3.0	%		-30.9	%

		15,286		14,971			19,502		2.1	%		-21.6	%
Borrowings		4,045		5,108			6,079		-20.8	%		-33.5	%

Total interest expense		19,331		20,079			25,581		-3.7	%		-24.4	%

Net interest income		23,711		23,102			23,045		2.6	%		2.9	%
Provision for credit losses		4,080		4,891			2,890		-16.6	%		41.2	%

Net interest income after provision for credit losses		19,631		18,211			20,155		7.8	%		-2.6	%

Non-interest income income :
Fees and service charges		1,311		1,305			1,196		0.5	%		9.6	%
Gain on sales of loans		21		-			35		0.0	%		-40.0	%
Realized and unrealized gain (loss) on equity investments		350		(108	)		1,132		-424.1	%		-69.1	%
Bank-owned life insurance (“BOLI”) income		931		786			652		18.4	%		42.8	%
Other		132		93			112		41.9	%		17.9	%

Total non-interest income		2,745		2,076			3,127		32.2	%		-12.2	%

Non-interest expense:
Salaries and employee benefits		8,324		7,713			7,139		7.9	%		16.6	%
Occupancy and equipment		2,562		2,502			2,591		2.4	%		-1.1	%
Data processing and communications		2,047		2,046			1,681		0.0	%		21.8	%
Professional fees		800		767			618		4.3	%		29.4	%
Director fees		305		313			351		-2.6	%		-13.1	%
Regulatory assessment fees		984		804			666		22.4	%		47.7	%
Advertising and promotions		284		216			182		31.5	%		56.0	%
Other		1,264		907			701		39.4	%		80.3	%

Total non-interest expense		16,570		15,268			13,929		8.5	%		19.0	%

Income before income tax provision		5,806		5,019			9,353		15.7	%		-37.9	%
Income tax provision		1,544		1,455			2,685		6.1	%		-42.5	%

Net Income		4,262		3,564			6,668		19.6	%		-36.1	%
Preferred stock dividends		482		482			475		0.0	%		1.5	%

Net Income available to common stockholders	$	3,780	$	3,082		$	6,193		22.6	%		-39.0	%

Net Income per common share-basic and diluted
Basic	$	0.22	$	0.18		$	0.36		22.0	%		-39.0	%

Diluted	$	0.22	$	0.18		$	0.36		22.0	%		-39.0	%

Weighted average number of common shares outstanding
Basic		17,207		17,175			17,039		0.2	%		1.0	%

Diluted		17,207		17,175			17,064		0.2	%		0.8	%


	Statements of Operations - Nine Months Ended,						September 30, 2025 vs. September 30,
	September 30, 2025			September 30, 2024			2024
	(In thousands, except per share amounts, Unaudited)
Interest and dividend income:
Loans, including fees	$	115,855		$	130,615			-11.3	%
Mortgage-backed securities		2,169			905			139.7	%
Other investment securities		3,139			2,975			5.5	%
FHLB stock and other interest-earning assets		9,252			12,861			-28.1	%

Total interest and dividend income		130,415			147,356			-11.5	%

Interest expense:
Deposits:
Demand		16,610			16,292			2.0	%
Savings and club		601			464			29.5	%
Certificates of deposit		29,377			43,224			-32.0	%

		46,588			59,980			-22.3	%
Borrowings		15,009			17,549			-14.5	%

Total interest expense		61,597			77,529			-20.5	%

Net interest income		68,818			69,827			-1.4	%
Provision for credit losses		29,816			7,416			302.0	%

Net interest income after provision for credit losses		39,002			62,411			-37.5	%

Non-interest income :
Fees and service charges		3,789			3,530			7.3	%
Gain (loss) on sales of loans		21			(4,771	)		-100.4	%
Realized and unrealized gain on equity investments		127			1,040			-87.8	%
Bank-owned life insurance (“BOLI”) income		2,325			1,998			16.4	%
Other		350			205			70.7	%

Total non-interest income		6,612			2,002			230.3	%

Non-interest expense:
Salaries and employee benefits		23,440			21,112			11.0	%
Occupancy and equipment		7,787			7,764			0.3	%
Data processing and communications		5,937			5,206			14.0	%
Professional fees		2,259			1,817			24.3	%
Director fees		1,036			882			17.5	%
Regulatory assessments		2,497			2,761			-9.6	%
Advertising and promotions		679			651			4.3	%
Other		2,863			2,561			11.8	%

Total non-interest expense		46,498			42,754			8.8	%

(Loss) Income before income tax provision (benefit) provision		(884	)		21,659			-104.1	%
Income tax (benefit) provision		(386	)		6,308			-106.1	%

Net (Loss) Income		(498	)		15,351			-103.2	%
Preferred stock dividends		1,446			1,357			6.6	%

Net (Loss) Income available to common stockholders	$	(1,944	)	$	13,994			-113.9	%

Net (Loss) Income per common share-basic and diluted
Basic	$	(0.11	)	$	0.82			-113.8	%

Diluted	$	(0.11	)	$	0.82			-113.8	%

Weighted average number of common shares outstanding
Basic		17,165			16,991			1.0	%

Diluted		17,165			16,992			1.0	%


													Sept 30, 2025 vs.
Statements of Financial Condition										Sept 30, 2025 vs.			December 31,
	September 30, 2025			June 30, 2025			December 31, 2024			June 30, 2025			2024
	(In Thousands, Unaudited)
ASSETS
Cash and amounts due from depository institutions	$	13,090		$	11,939		$	14,075			9.6	%		-7.0	%
Interest-earning deposits		236,524			194,913			303,207			21.3	%		-22.0	%

Total cash and cash equivalents		249,614			206,852			317,282			20.7	%		-21.3	%

Interest-earning time deposits		735			735			735			—			—
Debt securities available for sale		115,693			130,776			101,717			-11.5	%		13.7	%
Equity investments		9,599			9,249			9,472			3.8	%		1.3	%
Loans held for sale		—			488			—			-100.0	%		—
Loans receivable, net of allowance for credit losses on loans of $37,803, $50,658 and $34,789, respectively		2,788,932			2,860,453			2,996,259			-2.5	%		-6.9	%
Federal Home Loan Bank of New York (“FHLB”) stock, at cost		16,281			18,762			24,272			-13.2	%		-32.9	%
Premises and equipment, net		12,139			12,253			12,569			-0.9	%		-3.4	%
Accrued interest receivable		15,800			15,847			15,176			-0.3	%		4.1	%
Other real estate owned		20,077			—			—			—			—
Deferred income taxes		21,544			21,750			17,181			-0.9	%		25.4	%
Goodwill and other intangibles		5,253			5,253			5,253			0.0	%		0.0	%
Operating lease right-of-use asset		11,257			12,006			12,686			-6.2	%		-11.3	%
Bank-owned life insurance (“BOLI”)		78,365			77,434			76,040			1.2	%		3.1	%
Other assets		7,776			8,603			10,476			-9.6	%		-25.8	%

Total Assets	$	3,353,065		$	3,380,461		$	3,599,118			-0.8	%		-6.8	%

LIABILITIES AND STOCKHOLDERS’ EQUITY
LIABILITIES
Non-interest bearing deposits	$	536,908		$	539,093		$	520,387			-0.4	%		3.2	%
Interest bearing deposits		2,150,479			2,122,441			2,230,471			1.3	%		-3.6	%

Total deposits		2,687,387			2,661,534			2,750,858			1.0	%		-2.3	%
FHLB advances		280,774			335,636			455,361			-16.3	%		-38.3	%
Subordinated debentures		43,148			43,086			42,961			0.1	%		0.4	%
Operating lease liability		11,737			12,479			13,139			-5.9	%		-10.7	%
Other liabilities		11,566			11,991			12,874			-3.5	%		-10.2	%

Total Liabilities		3,034,612			3,064,726			3,275,193			-1.0	%		-7.3	%

STOCKHOLDERS’ EQUITY
Preferred stock: $0.01 par value, 10,000 shares authorized		—			—			—			—			—
Additional paid-in capital preferred stock		25,243			25,243			24,723			0.0	%		2.1	%
Common stock: no par value, 40,000 shares authorized		—			—			—			—			—
Additional paid-in capital common stock		202,843			202,311			200,935			0.3	%		0.9	%
Retained earnings		131,670			130,627			141,853			0.8	%		-7.2	%
Accumulated other comprehensive loss		(2,956	)		(4,099	)		(5,239	)		-27.9	%		-43.6	%
Treasury stock, at cost		(38,347	)		(38,347	)		(38,347	)		0.0	%		0.0	%

Total Stockholders’ Equity		318,453			315,735			323,925			0.9	%		-1.7	%

Total Liabilities and Stockholders’ Equity	$	3,353,065		$	3,380,461		$	3,599,118			-0.8	%		-6.8	%

Outstanding common shares		17,228			17,194			17,063


	Three Months Ended September 30,
	2025							2024
	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⁾	$	2,879,810	$	38,278		5.27	%	$	3,159,574	$	42,857		5.43	%
Investment Securities		134,419		1,957		5.82	%		96,893		1,297		5.35	%
Other Interest-earning assets ⁽⁶⁾		250,869		2,807		4.44	%		322,154		4,472		5.55	%

Total Interest-earning assets		3,265,098		43,042		5.23	%		3,578,621		48,626		5.44	%

Non-interest-earning assets		115,212							124,254

Total assets	$	3,380,310						$	3,702,875

Interest-bearing liabilities:
Interest-bearing demand accounts	$	504,860	$	2,057		1.62	%	$	553,506	$	2,509		1.81	%
Money market accounts		432,922		3,551		3.25	%		369,329		3,177		3.44	%
Savings accounts		258,165		233		0.36	%		258,158		146		0.23	%
Certificates of Deposit		978,503		9,445		3.83	%		1,123,960		13,670		4.86	%

Total interest-bearing deposits		2,174,450		15,286		2.79	%		2,304,953		19,502		3.38	%
Borrowed funds		330,694		4,045		4.85	%		518,385		6,079		4.69	%
Total interest-bearing liabilities		2,505,144		19,331		3.06	%		2,823,338		25,581		3.62	%

Non-interest-bearing liabilities		559,185							557,754

Total liabilities		3,064,329							3,381,092
Stockholders’ equity		315,981							321,783

Total liabilities and stockholders’ equity	$	3,380,310						$	3,702,875

Net interest income			$	23,711						$	23,045

Net interest rate spread⁽¹⁾						2.17	%						1.82	%

Net interest margin⁽²⁾						2.88	%						2.58	%


	Nine Months Ended September 30,
	2025							2024
	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⁾	$	2,935,643	$	115,855		5.28	%	$	3,235,048	$	130,615		5.38	%
Investment Securities		128,570		5,308		5.52	%		96,136		3,880		5.38	%
Other interest-earning assets ⁽⁶⁾		273,678		9,252		4.52	%		307,726		12,861		5.57	%

Total Interest-earning assets		3,337,891		130,415		5.22	%		3,638,910		147,356		5.40	%

Non-interest-earning assets		118,092							124,401

Total assets	$	3,455,983						$	3,763,311

Interest-bearing liabilities:
Interest-bearing demand accounts	$	531,311	$	6,656		1.67	%	$	553,363	$	7,018		1.69	%
Money market accounts		415,214		9,954		3.21	%		369,542		9,274		3.35	%
Savings accounts		256,384		601		0.31	%		267,900		464		0.23	%
Certificates of Deposit		968,338		29,377		4.06	%		1,188,454		43,224		4.85	%

Total interest-bearing deposits		2,171,247		46,588		2.87	%		2,379,259		59,980		3.36	%
Borrowed funds		413,133		15,009		4.86	%		513,193		17,549		4.56	%

Total interest-bearing liabilities		2,584,380		61,597		3.19	%		2,892,452		77,529		3.57	%

Non-interest-bearing liabilities		553,396							551,919

Total liabilities		3,137,776							3,444,371
Stockholders’ equity		318,207							318,940

Total liabilities and stockholders’ equity	$	3,455,983						$	3,763,311

Net interest income			$	68,818						$	69,827

Net interest rate spread⁽¹⁾						2.04	%						1.83	%

Net interest margin⁽²⁾						2.76	%						2.56	%


	Financial Condition data by quarter
	Q3 2025			Q2 2025			Q1 2025			Q4 2024			Q3 2024
	(In thousands, except book values)
Total assets	$	3,353,065		$	3,380,461		$	3,473,822		$	3,599,118		$	3,613,770
Cash and cash equivalents		249,614			206,852			252,750			317,282			243,123
Securities		125,292			140,025			125,853			111,189			108,302
Loans receivable, net		2,788,932			2,860,453			2,917,610			2,996,259			3,087,914
Deposits		2,687,387			2,661,534			2,686,508			2,750,858			2,724,580
Borrowings		323,922			378,722			448,523			498,322			533,466
Stockholders’ equity		318,453			315,735			314,722			323,925			328,113
Book value per common share¹	$	17.02		$	16.89		$	16.87		$	17.54		$	17.50
Tangible book value per common share²	$	16.71		$	16.59		$	16.56		$	17.23		$	17.19

	Operating data by quarter
	Q3 2025			Q2 2025			Q1 2025			Q4 2024			Q3 2024
	(In thousands, except for per share amounts)
Net interest income	$	23,711		$	23,102		$	22,005		$	22,194		$	23,045
Provision for credit losses		4,080			4,891			20,845			4,154			2,890
Non-interest income		2,745			2,076			1,791			938			3,127
Non-interest expense		16,570			15,268			14,660			14,367			13,929
Income tax expense (benefit)		1,544			1,455			(3,385	)		1,339			2,685

Net income (loss)	$	4,262		$	3,564		$	(8,324	)	$	3,272		$	6,668

Net income (loss) per diluted share	$	0.22		$	0.18		$	(0.51	)	$	0.16		$	0.36

Common Dividends declared per share	$	0.16		$	0.16		$	0.16		$	0.16		$	0.16


	Financial Ratios(3)
	Q3 2025			Q2 2025			Q1 2025			Q4 2024			Q3 2024
Return on average assets		0.50	%		0.42	%		(0.95	%)		0.36	%		0.72	%
Return on average stockholders’ equity		5.35	%		4.55	%		(10.40	%)		4.04	%		8.29	%
Net interest margin		2.88	%		2.80	%		2.59	%		2.53	%		2.58	%
Stockholders’ equity to total assets		9.50	%		9.34	%		9.06	%		9.00	%		9.08	%
Efficiency Ratio⁴		62.63	%		60.64	%		61.61	%		62.11	%		53.22	%

	Asset Quality Ratios
	Q3 2025			Q2 2025			Q1 2025			Q4 2024			Q3 2024
	(In thousands, except for ratio %)
Non-Accrual Loans	$	93,517		$	101,764		$	99,833		$	44,708		$	35,330
Non-Accrual Loans as a % of Total Loans		3.31	%		3.50	%		3.36	%		1.48	%		1.13	%
ACL as % of Non-Accrual Loans		40.4	%		49.8	%		51.6	%		77.8	%		98.2	%
Individually Analyzed Loans		129,358			153,428			122,517			83,399			66,048
Classified Loans		228,255			266,847			251,989			152,714			98,316


	Recorded Investment in Loans Receivable by quarter
	Q3 2025			Q2 2025			Q1 2025			Q4 2024			Q3 2024
	(In thousands)
Residential one-to-four family	$	227,140		$	230,917		$	232,456 $			239,870		$	241,050
Commercial and multi-family		2,135,385			2,177,268			2,221,218			2,246,677			2,296,886
Construction		110,824			116,214			118,779			135,434			146,471
Commercial business		279,976			315,333			330,358			342,799			371,365
Home equity		73,566			71,587			66,479			66,769			67,566
Consumer		2,042			2,075			2,271			2,235			2,309

	$	2,828,933		$	2,913,394		$	2,971,561		$	3,033,784		$	3,125,647
Less:
Deferred loan fees, net		(2,198	)		(2,283	)		(2,467	)		(2,736	)		(3,040	)
Allowance for credit losses		(37,803	)		(50,658	)		(51,484	)		(34,789	)		(34,693	)

Total loans, net	$	2,788,932		$	2,860,453		$	2,917,610		$	2,996,259		$	3,087,914


	Non-Accruing Loans in Portfolio by quarter
	Q3 2025			Q2 2025			Q1 2025			Q4 2024			Q3 2024
	(In thousands)
Residential one-to-four family	$	1,410		$	1,436		$	1,138 $			1,387		$	410
Commercial and multi-family		70,546			91,480			89,296			32,974			27,693
Construction		2,310			586			586			586			586
Commercial business		18,777			7,769			8,374			9,530			6,498
Home equity		474			493			439			231			123
Consumer		—			—			—			—			20

Total:	$	93,517		$	101,764		$	99,833 $			44,708		$	35,330


	Distribution of Deposits by quarter
	Q3 2025			Q2 2025			Q1 2025			Q4 2024			Q3 2024
	(In thousands)
Demand:
Non-Interest Bearing	$	536,908		$	539,093		$	542,620 $			520,387		$	528,089
Interest Bearing		477,427			503,336			537,468			553,731			527,862
Money Market		422,424			428,397			405,793			395,004			366,655

Sub-total:	$	1,436,759		$	1,470,826		$	1,485,881		$	1,469,122		$	1,422,606
Savings and Club		254,554			258,585			254,732			252,491			255,115
Certificates of Deposit		996,074			932,123			945,895			1,029,245			1,046,859

Total Deposits:	$	2,687,387		$	2,661,534		$	2,686,508		$	2,750,858		$	2,724,580


	Reconciliation of GAAP to Non-GAAP Financial Measures by quarter
	Tangible Book Value per Share
	Q3 2025			Q2 2025			Q1 2025			Q4 2024			Q3 2024
	(In thousands, except per share amounts)
Total Stockholders’ Equity	$	318,453		$	315,735		$	314,722		$	323,925		$	328,113
Less: goodwill		5,253			5,253			5,253			5,253			5,253
Less: preferred stock		25,243			25,243			25,243			24,723			29,763

Total tangible common stockholders’ equity		287,957			285,239			284,226			293,949			293,097
Shares common shares outstanding		17,228			17,194			17,163			17,063			17,048
Book value per common share	$	17.02		$	16.89		$	16.87		$	17.54		$	17.50

Tangible book value per common share	$	16.71		$	16.59		$	16.56		$	17.23		$	17.19


	Efficiency Ratios
	Q3 2025			Q2 2025			Q1 2025			Q4 2024			Q3 2024
	(In thousands, except for ratio %)
Net interest income	$	23,711		$	23,102		$	22,005		$	22,194		$	23,045
Non-interest income		2,745			2,076			1,791			938			3,127

Total income		26,456			25,178			23,796			23,132			26,172
Non-interest expense		16,570			15,268			14,660			14,367			13,929

Efficiency Ratio		62.63	%		60.64	%		61.61	%		62.11	%		53.22	%