earnings
confidence high
sentiment neutral
materiality 0.70
BCB Bancorp Q3 net income $6.7M, EPS $0.36; NIM 2.58%; declares $0.16 dividend
BCB BANCORP INC
2024-Q3 EPS reported
$0.82
- Q3 net income $6.7M ($0.36 diluted EPS) vs $2.8M ($0.14) in Q2 2024 and flat vs Q3 2023.
- Net interest margin 2.58%, down 20 bps from Q2 2024 and 20 bps YoY.
- Completed upsized $40M subordinated debt offering in Q3; refinanced $33.5M existing debt.
- Non-accrual loans rose to $35.3M (1.11% of loans) from $18.8M (0.57%) at Dec 2023.
- Board declared $0.16/share quarterly dividend, payable Nov 15, 2024 to holders of record Nov 1.