Quarterly ResultApr 21, 2026, 08:33 AM
BCB Bancorp Reports Q1 2026 Net Income of $4.9M, EPS $0.26
AI Summary
BCB Bancorp, Inc. reported a net income of $4.9 million for the first quarter of 2026, a significant turnaround from net losses in the preceding quarters. Diluted earnings per share reached $0.26, and the company's Board of Directors declared a regular quarterly cash dividend of $0.08 per share. CEO Michael Shriner noted steady financial momentum, strong capital and liquidity, and moderated credit headwinds, leading to resumed lending activity.
Key Highlights
- Q1 2026 net income of $4.9 million, reversing prior losses.
- Diluted EPS for Q1 2026 was $0.26, up from ($0.73) loss in Q4 2025.
- Board declared a regular quarterly cash dividend of $0.08 per share.
- Non-accrual loans decreased to $59.8 million at March 31, 2026.
- Provision for credit losses reduced to $2.8 million in Q1 2026.