secwatch.observer — SEC 8-K summary
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Issuer:     BCB BANCORP INC (BCBP)
CIK:        0001228454
Form:       8-K
Filed at:   2024-04-19T23:59:59+00:00
Accession:  0001193125-24-102897
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BCB Bancorp Q1 net income $5.9M ($0.32 EPS); non-accrual loans surge to $22.2M
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- Net income of $5.9M ($0.32 diluted EPS) vs $6.1M ($0.35) prior Q and $8.1M ($0.46) a year ago.
- Net interest margin fell to 2.50% from 3.15% a year ago; cost of funds rose 130 bps to 3.54%.
- Non-accrual loans jumped to $22.2M (0.68% of loans) from $5.1M (0.16%) in Q1 2023.
- Provision for credit losses $2.1M, up from $622K a year ago; net charge-offs $1.1M vs net recoveries.
- Declared $0.16 quarterly dividend, unchanged, payable May 17, 2024 to holders of record May 3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1228454/000119312524102897/0001193125-24-102897-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1228454/000119312524102897/d758242d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-102897

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