secwatch.observer — SEC 8-K summary
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Issuer:     BCB BANCORP INC (BCBP)
CIK:        0001228454
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001193125-24-015410
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1228454/000119312524015410/0001193125-24-015410-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1228454/000119312524015410/d738807d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-015410

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