Quarterly ResultAug 3, 2026, 07:03 AM
BCB Bancorp Q2 Net Loss $14.8M; Suspends Dividends
AI Summary
BCB Bancorp reported a net loss of $14.8 million for Q2 2026, a significant decline from net income of $3.6 million in Q2 2025. This loss was primarily driven by a $19.0 million provision for credit losses and a $5.3 million non-cash goodwill impairment charge. To preserve capital, the board of directors suspended both common and preferred dividends. The company also announced plans to reincorporate in Delaware and move to annual director elections.
Key Highlights
- Q2 2026 net loss of $14.8 million, compared to $3.6 million net income in Q2 2025.
- Loss per diluted share was ($0.85) in Q2 2026, vs. $0.18 earnings in Q2 2025.
- Provision for credit losses increased to $19.0 million in Q2 2026 from $4.9 million in Q2 2025.
- Recorded a $5.3 million non-cash goodwill impairment charge in Q2 2026.
- Board suspended common and preferred dividends to preserve capital.
- Efficiency ratio rose to 96.8% in Q2 2026 from 60.6% in Q2 2025.
- Company plans to reincorporate in Delaware and end staggered board terms.
Price Impact
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