secwatch.observer — SEC 8-K summary
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Issuer:     BCB BANCORP INC (BCBP)
CIK:        0001228454
Form:       8-K
Filed at:   2023-04-24T23:59:59+00:00
Accession:  0001193125-23-113068
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BCB Bancorp Q1 net income falls to $8.1M; EPS $0.46 vs $0.56 YoY
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- Net income $8.1M, diluted EPS $0.46; adjusted EPS $0.60 excluding unrealized losses on equity investments.
- Net interest margin 3.15%, down from 3.46% a year ago; net interest income up 9.6% to $27.5M.
- Loans grew 6.1% QoQ to $3.232B; deposits up 2% to $2.867B.
- Provision for loan losses $622K vs credit of $2.6M in Q1 2022; CECL adoption reduced ACL by $4.2M Day One.
- Non-accrual loans 0.16% of gross loans; quarterly dividend declared $0.16 per share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1228454/000119312523113068/0001193125-23-113068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1228454/000119312523113068/d497339d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-113068

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer