BCB BANCORP INC

BCB Bancorp, Inc. announced the suspension of its 2026 Amended and Restated Dividend Reinvestment and Stock Purchase Plan, effective August 6, 2026. As a result, no new cash dividend reinvestments or optional cash purchases will be accepted or processed on or after the suspension date. Shares currently held in the Plan will remain registered in participants' accounts and will not be affected by the suspension.

BCB Bancorp, Inc. announced the suspension of its quarterly cash dividends on both common and preferred stock, along with its 2026 Dividend Reinvestment and Stock Purchase Plan. This move is projected to conserve approximately $1.86 million in capital per quarter. The company stated the decision is a prudent course of action to preserve its "well-capitalized" position and support long-term shareholder value, as it undertakes a comprehensive evaluation of its credit portfolios.

BCB Bancorp, Inc. announced the grant of 709,220 shares of restricted common stock to Thomas M. O’Brien. This grant was an inducement for Mr. O'Brien to enter into an employment agreement and commence his role as Chief Executive Officer and President. The shares will vest in 20% increments annually from December 31, 2026, through December 31, 2030, contingent on his continued service.

BCB Bancorp, Inc. announced that its new President and CEO, Thomas M. O’Brien, hosted an investor conference call on June 1, 2026. O'Brien discussed his initial focus on addressing the company's capital structure, complex debt obligations, and the need to quantify and manage criticized loans and recent losses. He emphasized a long-term approach focused on tangible book value growth and transparency, with a more comprehensive update expected around the third quarter earnings. O'Brien also commented on the company's deposit base and board alignment.

BCB Bancorp, Inc. announced the appointment of Thomas M. O’Brien as President and Chief Executive Officer of the Company and BCB Community Bank, effective June 1, 2026. Mr. O’Brien, a veteran with 48 years of banking experience, including leadership roles at six different banking companies, will also join the boards of both entities. The Board of Directors made this change to address recent operational and credit challenges, expressing confidence in O'Brien's ability to provide a sound foundation for the Company's future. His compensation includes an annual base salary of $400,000, up to $5,000 monthly for expenses, and an $8,000,000 restricted stock grant.

BCB Bancorp announced the separation of Michael A. Shriner from his roles as President and Chief Executive Officer of both the company and its subsidiary, BCB Community Bank, effective May 20, 2026. He also departed from the boards of directors. The board subsequently appointed Ryan Blake, who currently serves as Chief Operating Officer and Corporate Secretary, as the Interim President and Chief Executive Officer.

BCB Bancorp, Inc. announced its financial results for the first quarter of 2026, reporting a net income of $4.9 million and earnings per share of $0.26. Concurrently, the company's board of directors declared a regular quarterly cash dividend of $0.08 per share. This dividend is scheduled to be paid on May 20, 2026, to shareholders of record as of May 6, 2026.

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.