BCB Bancorp reports record 2022 net income $45.6M (+33% YoY); declares $0.16 quarterly dividend

BCB BANCORP INC

2022-FY EPS reported $2.58

Net income of $45.6M for FY2022 (record high), up 33.1%; diluted EPS $2.58 vs $1.92 in 2021.
Q4 2022 net income $12.1M (down 9.9% from Q3 2022); diluted EPS $0.69 vs $0.76 prior quarter.
Net interest margin 3.76% in Q4 2022, down 42bp from Q3 2022 but up 32bp YoY.
Non-accrual loans ratio improved to 0.17% (Dec. 31, 2022) from 0.64% a year ago; credit for loan losses $500K in Q4.
Quarterly cash dividend of $0.16 payable Feb 17, 2023 to shareholders of record Feb 3, 2023.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BCB BANCORP INC reported the quarter and year ended December 31, 2022 results: net income $45.6 million, EPS $2.58.

Period: the quarter and year ended December 31, 2022
Net income: $45.6 million
EPS: $2.58
Result: reported results

Exact text from the filing

BCB Bancorp, Inc. (the “Company”), (NASDAQ: BCBP), the holding company for BCB Community Bank (the “Bank”), today reported that its net income for the year ended December 31, 2022 increased 33.1 percent to $45.6 million, the highest annual earnings in the Company’s history, compared with $34.2 million for 2021. Earnings per diluted share for 2022 were $2.58 as compared to $1.92 for 2021.

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Source: SEC EDGAR

accession 0001193125-23-016307

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