BCB Bancorp Suspends Dividends, Q2 Loss on Goodwill Write-off

BCB Bancorp reported its second quarter 2026 results, which included a loss primarily due to a $5.3 million goodwill write-off. The company suspended dividends on both common and preferred shares to retain liquidity and build capital, while also announcing plans to change its state of incorporation to Delaware and eliminate staggered director terms. Management is undertaking a major financial restructuring, focusing on a critical review of its credit portfolios, particularly C&I and commercial real estate, with meaningful clarity expected around Labor Day. Operating expenses are anticipated to remain elevated for a couple of quarters due to consultants and legal fees as the company addresses past aggressive growth and credit issues.