BCB Bancorp posts Q2 net loss of $14.8M; suspends dividends, halts consumer lending

BCB BANCORP INC

Net loss of $14.8M ($0.85 diluted loss) vs. net income of $3.6M in Q2 2025; driven by $19.0M provision for credit losses and $5.3M goodwill impairment.
Board suspends common and preferred dividends to preserve capital; also ceases originating residential mortgage, home equity, and consumer loans.
Non-accrual loans rose to $72.0M (2.73% of gross loans) at June 30, 2026, from $63.3M at Dec 31, 2025; allowance for credit losses increased to $45.0M.
Board proposes reincorporation from New Jersey to Delaware and move to annual director elections, subject to shareholder approval at a special meeting.
Comprehensive loan portfolio review underway with independent consultants; additional credit impacts may be identified in Q3 2026.

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