BCB Bancorp launches stock offering, guides Q3 net loss $126.2-$136.1M on problem loan sales

BCB BANCORP INC

Launched underwritten common stock offering; Piper Sandler sole book-runner; 30-day option for additional shares.
Expects Q3 2026 net loss of $126.2M-$136.1M; provision for credit losses $112M-$120M.
Marketing ~$210M problem loans (criticized/classified) and ~$96M CRE/cannabis loans to held for sale; ~$87M pre-tax loss expected.
Recorded ~$50M valuation allowance against entire net deferred tax asset balance for Q3 2026.
Also marketing cannabis business lines: ~$69M loans and ~$70M deposits for potential sale.

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