BCB Bancorp Q2 net income $8.6M, EPS $0.50; declares $0.16 dividend

BCB BANCORP INC

2023-Q2 EPS reported $0.96

Q2 net income $8.6M ($0.50 diluted EPS); adjusted EPS $0.53 excluding unrealized losses on equity securities.
Net interest margin fell to 2.92% from 3.15% prior quarter and 3.74% year ago; provision for credit losses $1.35M.
Declared $0.16 quarterly cash dividend, payable Aug 18, 2023 to shareholders of record Aug 4, 2023.
Total loans net increased 9.0% YTD to $3.32B; non-accrual loans only 0.17% of gross loans.
Efficiency ratio improved to 52.3% from 53.7% in Q1 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 second quarter of 2023 results: net income $8.6 million, EPS $0.50.

Period: second quarter of 2023
Net income: $8.6 million
EPS: $0.50
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 net income of $8.6 million for the second quarter of 2023, compared to $8.1 million in the first quarter of 2023, and $10.2 million for the second quarter of 2022. Earnings per diluted share for the second quarter of 2023 were $0.50, compared to $0.46 in the preceding quarter and $0.58 in the second quarter of 2022.

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Source: SEC EDGAR

accession 0001193125-23-190501

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