secwatch.observer — SEC 8-K summary
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Issuer:     BCB BANCORP INC (BCBP)
CIK:        0001228454
Form:       8-K
Filed at:   2025-04-22T23:59:59+00:00
Accession:  0001193125-25-089205
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BCB Bancorp reports Q1 net loss of $8.3M; credit charges surge to $20.8M
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- Net loss of $8.3M vs net income of $5.9M in Q1 2024; diluted EPS ($0.51) vs $0.32.
- Provision for credit losses $20.8M (Q1 2024: $2.1M); $13.7M specific reserve on $34.2M cannabis-sector loan, plus $3.1M on Business Express portfolio.
- Non-accrual loans jumped to $99.8M (3.36% of gross loans) from $22.2M (0.68%) a year ago.
- Net interest margin improved to 2.59% from 2.50% due to 24 bp decline in cost of interest-bearing liabilities.
- Board declared $0.16/share quarterly dividend, payable May 21, 2025 to holders of record May 7, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1228454/000119312525089205/0001193125-25-089205-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1228454/000119312525089205/d937515d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-089205

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