earnings
confidence high
sentiment negative
materiality 0.75
BCB Bancorp Q3 net income $6.7M ($0.39 EPS); dividend $0.16/share declared
BCB BANCORP INC
2023-Q3 EPS reported
$1.35
- Net income $6.7M, diluted EPS $0.39; adjusted EPS $0.41 excluding unrealized equity losses.
- Net interest margin fell to 2.78% from 4.18% YoY; interest expense surged to $23.4M from $3.4M.
- Loan loss provision $2.21M vs $0 in Q3 2022; total loans $3.29B, up 17.9% YoY but down 1% linked quarter.
- Quarterly cash dividend $0.16 per share, payable Nov 17 to holders of record Nov 3.
- Non-accrual loans $7.93M (0.24% of loans); ACL coverage 402.4% of non-accrual loans.