BCB Bancorp Q2 net income $2.8M ($0.14 EPS), loan sale loss $4.6M, declares $0.16 dividend

BCB BANCORP INC

2024-Q2 EPS reported $0.46

Net income of $2.8M ($0.14 diluted EPS) vs $8.6M ($0.50) in Q2 2023.
Agreed to sell $38.4M CRE/multifamily loan pool; pre-tax loss of $4.6M recorded.
Provision for credit losses $2.4M, up from $1.4M in Q2 2023; net charge-offs $1.8M.
Non-accrual loans rose to $32.4M (1.01% of gross loans) from $5.7M (0.17%) year ago.
Quarterly dividend declared $0.16 per share, payable Aug 16 to holders of record Aug 2.

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