BCB Bancorp Q4 net income drops 49% YoY to $6.1M; NIM shrinks; new CEO named

BCB BANCORP INC

2023-FY EPS reported $1.70

Net income of $6.1M ($0.35 diluted EPS) vs $12.1M ($0.69) in Q4 2022.
Net interest margin fell to 2.57% from 3.76% a year ago; net interest income down 20.7% to $23.9M.
Non-accrual loans surged to $18.8M (0.57% of gross loans) from $5.1M (0.17%) at Dec 31, 2022.
Board declared $0.16 quarterly dividend, payable Feb 16, 2024 to holders of record Feb 5, 2024.
Michael Shriner appointed President & CEO effective Jan 1, 2024, succeeding Thomas Coughlin.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BCB BANCORP INC reported financial results for the quarter and year ended December 31, 2023.

Period: the quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

issued a press release (the “Press Release”) reporting the Company’s financial results at and for the quarter and year ended December 31, 2023.

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BCB BANCORP INC filing history →

Source: SEC EDGAR

accession 0001193125-24-015410

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