UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 Or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to ___________ Commission File Number: 0-50275 BCB Bancorp, Inc. (Exact name of registrant as specified in its charter) New Jersey 26-0065262 (Sta ...

Exhibit 99.1 CONTACT: MICHAEL SHRINER, PRESIDENT & CEO JAWAD CHAUDHRY, EVP & CFO (201) 823-0700 BCB Bancorp, Inc. Reports Net Loss of $8.3 Million in First Quarter 2025; Declares Quarterly Cash Dividend of $0.16 Per Share BAYONNE, N.J., April 22, 2025 — BCB Bancorp, Inc. (the "Company"), (NASDAQ: BCBP), the holding company for BCB Community Bank (the "Bank"), today reported a net loss of $8.3 million for the first quarter of 2025, compared to net income of $3.3 million in the fourth quarter of 2024, and net ...

BCB Bancorp (BCBP) came out with a quarterly loss of $0.51 per share versus the Zacks Consensus Estimate of $0.23. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -321.74%. A quarter ago, it was expected that this community bank would post earnings of $0.29 per share when it actually produced earnings of $0.16, delivering a surprise of -44.83%.Over the last four quarters, the company has surp ...

Core Viewpoint - BCB Bancorp, Inc. reported a net loss of $8.3 million for Q1 2025, a significant decline from net income of $5.9 million in Q1 2024, primarily due to increased provisions for loan losses and specific reserves related to a cannabis sector loan [1][13][18]. Financial Performance - The net loss per diluted share for Q1 2025 was ($0.51), compared to earnings of $0.32 in Q1 2024 [1][32]. - Net interest income decreased by $1.1 million, or 4.9%, to $22.0 million in Q1 2025 from $23.1 million in Q1 2024 [13][15]. - The provision for credit losses was $20.8 million in Q1 2025, a substantial increase from $2.1 million in Q1 2024 [18][19]. Balance Sheet Overview - Total assets decreased by $125.3 million, or 3.5%, to $3.474 billion as of March 31, 2025, from $3.599 billion at the end of 2024 [5][12]. - Total deposits were $2.687 billion at March 31, 2025, down from $2.751 billion at December 31, 2024, representing a decrease of 2.3% [6][10]. - Total loans receivable, net of allowance for credit losses, decreased by 2.6% to $2.918 billion as of March 31, 2025 [8][12]. Asset Quality - Non-accrual loans totaled $99.8 million, or 3.36% of gross loans, at March 31, 2025, compared to $22.2 million, or 0.68%, at March 31, 2024 [17][23]. - The allowance for credit losses was $51.5 million, or 1.73% of gross loans, as of March 31, 2025, up from $34.6 million, or 1.06%, at the same time last year [18][23]. Dividend Declaration - The Board of Directors declared a regular quarterly cash dividend of $0.16 per share, payable on May 21, 2025, to shareholders of record on May 7, 2025 [2].

Financial Position - Total assets decreased by $233.3 million, or 6.1 percent, to $3.599 billion at December 31, 2024, from $3.832 billion at December 31, 2023[237]. - Total cash and cash equivalents increased by $37.8 million, or 13.5 percent, to $317.3 million at December 31, 2024, from $279.5 million at December 31, 2023[238]. - Loans receivable, net, decreased by $283.4 million, or 8.6 percent, to $2.996 billion at December 31, 2024, from $3.280 billion at December 31, 2023[239]. - Total investment securities increased by $14.3 million, or 14.8 percent, to $111.2 million at December 31, 2024, from $96.9 million at December 31, 2023[240]. - Deposits decreased by $228.2 million, or 7.7 percent, to $2.751 billion at December 31, 2024, from $2.979 billion at December 31, 2023[241]. - Stockholders' equity increased by $9.9 million, or 3.1 percent, to $323.9 million at December 31, 2024, from $314.1 million at December 31, 2023[243]. - The Company had total outstanding borrowings of $498.3 million at December 31, 2024, compared to $510.4 million at December 31, 2023[264]. - Total liabilities decreased to $3,275,193,000 in 2024 from $3,518,342,000 in 2023, a decline of approximately 6.9%[298]. - The total stockholders' equity at the end of 2024 was $323,925,000, an increase from $314,055,000 in 2023[304]. Income and Expenses - Net income decreased by $10.9 million, or 36.8 percent, to $18.6 million for the twelve months of 2024 from $29.5 million for 2023[252]. - Net interest income for the year ended December 31, 2024, was $92.021 million, compared to $104.062 million for the year ended December 31, 2023[247]. - Non-interest income decreased by $1.1 million to $2.9 million for 2024, primarily due to losses on sales of loans[258]. - Non-interest expense decreased by $3.5 million, or 5.7 percent, to $57.1 million for 2024, driven by reductions in salaries and employee benefits[259]. - The income tax provision decreased by $4.3 million, or 36.6 percent, to $7.6 million for 2024 due to reduced taxable income[260]. - Net interest income after provision for credit losses was $80,451,917 for 2024, down from $95,581,117 in 2023, indicating a decrease of 15.8%[300]. - Total non-interest income for the year was $2,940,404, compared to $881,595 in 2023, representing a significant increase of 233.5%[300]. - Non-interest expense for the year was $101,988,884, compared to $29,817,496 in 2023, reflecting an increase of 241.5%[300]. Credit Losses and Provisions - The allowance for credit losses on loans increased by $1.2 million to $34.8 million, or 1.15 percent of gross loans, at December 31, 2024[239]. - The provision for credit losses was $11.6 million for 2024, compared to $6.1 million for 2023, with net charge-offs increasing to $10.4 million[257]. - The allowance for credit losses increased to $34,789,000 in 2024 from $33,608,000 in 2023, indicating a rise of about 3.5%[298]. - The charge-offs for the year ended December 31, 2024, totaled $10,835,000, compared to $805,000 in the previous year[381]. - The provision for credit losses for the year ended December 31, 2024, was $11,570,000, reflecting a significant increase from the previous year's provision of $6,104,000[382]. Interest Income and Expenses - Net interest margin decreased to 2.55 percent for the year ended December 31, 2024, from 2.85 percent for the year ended December 31, 2023[247]. - Interest income increased by $5.6 million, or 3.0 percent, to $194.0 million for 2024, driven by a 22 basis points increase in yield on interest-earning assets[254]. - Interest expense increased by $17.7 million, or 21.0 percent, to $102.0 million for 2024, primarily due to a 64 basis points increase in the average rate on interest-bearing liabilities[255]. Capital and Ratios - The Company’s Tier 2 capital credit related to the Old Notes started to amortize as of August 1, 2023[419]. - The Bank's Community Bank Leverage Ratio was 10.03% as of December 31, 2024, exceeding the minimum requirement of 9%[428]. - Total Capital to Risk-Weighted Assets ratio for the Company was 12.89% as of December 31, 2024, above the required 10%[430]. - The Tier 1 Capital to Risk-Weighted Assets ratio was 10.52% as of December 31, 2024, exceeding the minimum requirement of 6%[430]. - The Bank was categorized as "well-capitalized" under the regulatory framework for prompt corrective action as of December 31, 2024[431]. Loans and Lending Activity - The Bank's lending activity is primarily concentrated in loans collateralized by real estate in New Jersey and the New York metropolitan area, exposing it to credit risk related to the real estate market[323]. - Total loans as of December 31, 2024, amounted to $3,033,784,000, a decrease from $3,317,402,000 in 2023, representing a decline of approximately 8.5%[406]. - The total loans receivable as of December 31, 2024, was $3.03 billion, with $76.7 million past due[394]. - The total amount of certificates of deposit as of December 31, 2024, was $1,029,245,000, down from $1,222,697,000 in 2023, showing a decrease of approximately 15.8%[414]. - The total home equity loans as of December 31, 2024, were $66,769,000, compared to $66,331,000 in 2023, showing a slight increase[406]. Future Outlook and Strategic Plans - Future outlook includes plans for market expansion and new product development to enhance revenue streams[300]. Accounting and Reporting - The internal control over financial reporting was found to be effective as of December 31, 2024, based on PCAOB standards[292]. - The Company changed its accounting method for credit losses as of January 1, 2023, adopting ASC 326[278]. - The Company adopted ASU 2016-13 on January 1, 2023, resulting in a $4.2 million decrease in allowance for credit losses on loans and a total cumulative effect adjustment of $2.9 million[355]. - The Company is currently evaluating the impact of new accounting standards updates on its disclosures, including ASU 2023-09 and ASU 2023-07[352][353].

Group 1 - BCB Bancorp, Inc. (BCBP) is experiencing significant activity in the options market, particularly with the Apr 4, 2025 $7.50 Call showing high implied volatility, indicating potential for a major price movement [1] - Implied volatility reflects market expectations for future stock movement, suggesting that investors anticipate a significant event that could lead to a rally or sell-off [2] - BCB Bancorp currently holds a Zacks Rank 5 (Strong Sell) in the Banks - Northeast industry, with no analysts increasing earnings estimates for the current quarter and one analyst revising estimates downward, resulting in a consensus estimate drop from 32 cents to 26 cents per share [3] Group 2 - The high implied volatility for BCB Bancorp may indicate a developing trading opportunity, as options traders often seek to sell premium on such options to capture decay, hoping the stock does not move as much as expected by expiration [4]

Financial Performance - Net income for Q4 2024 was $3.3 million, down from $6.1 million in Q4 2023, with earnings per diluted share at $0.16 compared to $0.35 in the prior year[2][13] - Net income for the fourth quarter of 2024 was $3.272 million, a decrease of 50.9% from $6.668 million in the previous quarter and a decrease of 46.0% from $6.062 million in the same quarter of 2023[40] - Net income decreased by 36.8% to $18,623,000 from $29,483,000 year-over-year[41] - Net income available to common stockholders fell by 41.7% to $16,791,000 from $28,781,000 year-over-year[41] - Basic net income per common share for the fourth quarter of 2024 was $0.16, a decrease of 54.9% from $0.36 in the previous quarter and a decrease of 52.9% from $0.35 in the same quarter of 2023[40] Loan and Credit Quality - The provision for credit losses was $4.2 million in Q4 2024, up from $1.9 million in Q4 2023, reflecting increased credit quality concerns[5][18] - The provision for credit losses increased by 43.7% to $4.154 million in the fourth quarter of 2024 compared to $2.890 million in the previous quarter, and increased by 115.6% from $1.927 million in the same quarter of 2023[40] - The Bank had non-accrual loans totaling $44.7 million, or 1.48% of gross loans, at December 31, 2024, compared to $18.8 million, or 0.57% of gross loans, at December 31, 2023[32] - The allowance for credit losses on loans was $34.8 million, or 1.15% of gross loans, at December 31, 2024, compared to $33.6 million, or 1.01% of gross loans, at December 31, 2023[32] - Total loans receivable decreased by $283.4 million, or 8.6%, to $2.996 billion at December 31, 2024, primarily due to loan sales and payoffs exceeding originations[6][8] Income and Expenses - Net interest income decreased by $1.7 million, or 7.2%, to $22.2 million for Q4 2024, driven by lower interest income[14][15] - Non-interest income fell to $938 thousand in Q4 2024, down from $3.2 million in Q4 2023, largely due to losses on equity investments[19] - Total non-interest expense for the fourth quarter of 2024 was $14.367 million, an increase of 3.1% from $13.929 million in the previous quarter, but a decrease of 13.3% from $16.568 million in the same quarter of 2023[40] - Non-interest income for the fourth quarter of 2024 was $938 thousand, a decrease of 70.0% from $3.127 million in the previous quarter and a decrease of 70.9% from $3.228 million in the same quarter of 2023[40] Assets and Deposits - Total deposits increased to $2.751 billion at December 31, 2024, from $2.725 billion at September 30, 2024, but decreased by $228.2 million, or 7.7%, from $2.979 billion at December 31, 2023[5][10] - Total deposits increased by 1.0% to $2,750,858,000 compared to $2,724,580,000 in the previous quarter[42] - Total assets decreased to $3,599,118 thousand in Q4 2024 from $3,613,770 thousand in Q3 2024, a decline of 0.4%[47] - The company reported total assets of $3,626,651 thousand for Q4 2024, down from $3,853,457 thousand in Q4 2023[43] Efficiency and Ratios - The efficiency ratio for Q4 2024 was 62.1%, compared to 53.2% in the prior quarter, indicating increased operational costs relative to income[5] - The annualized return on average assets ratio for Q4 2024 was 0.36%, down from 0.63% in Q4 2023, indicating reduced profitability[5] - Return on average assets decreased to 0.36% in Q4 2024 from 0.72% in Q3 2024[50] - Efficiency ratio increased to 62.11% in Q4 2024 from 53.22% in Q3 2024, indicating a decrease in operational efficiency[50] Investment and Equity - Stockholders' equity increased by $9.9 million, or 3.1%, to $323.9 million at December 31, 2024, primarily due to retained earnings growth[12] - The company’s stockholders' equity increased to $320,124 thousand in 2024 from $299,618 thousand in 2023[45] - Total investment securities rose by $14.3 million, or 14.8%, to $111.2 million at December 31, 2024, as excess liquidity was allocated to the securities portfolio[9]

Core Viewpoint - BCB Bancorp reported a significant decline in revenue and earnings per share (EPS) for the quarter ended December 2024, indicating potential challenges in its financial performance [1]. Financial Performance - Revenue for the quarter was $23.13 million, down 14.8% year-over-year, and below the Zacks Consensus Estimate of $25.06 million by 7.68% [1]. - EPS for the quarter was $0.16, a decrease from $0.35 a year ago, representing a surprise of -44.83% compared to the consensus estimate of $0.29 [1]. Key Metrics - Net Interest Margin was reported at 2.5%, slightly below the estimated 2.6% [4]. - The Efficiency Ratio was 62.1%, higher than the average estimate of 56.9% [4]. - Total Non-Interest Income was $0.94 million, significantly lower than the estimated $2.06 million [4]. - Net Interest Income was $22.19 million, compared to the average estimate of $22.99 million [4]. Stock Performance - BCB Bancorp shares returned +1.8% over the past month, outperforming the Zacks S&P 500 composite's +0.8% change [3]. - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance in the near term [3].

Core Viewpoint - BCB Bancorp, Inc. reported a decline in net income and earnings per share for the fourth quarter of 2024 compared to both the previous quarter and the same quarter last year, reflecting challenges in loan origination and increased provisions for credit losses [1][13][22]. Financial Performance - Net income for Q4 2024 was $3.3 million, down from $6.7 million in Q3 2024 and $6.1 million in Q4 2023 [1]. - Earnings per diluted share were $0.16 for Q4 2024, compared to $0.36 in Q3 2024 and $0.35 in Q4 2023 [1]. - The provision for credit losses increased to $4.2 million in Q4 2024 from $2.9 million in Q3 2024 and $1.9 million in Q4 2023 [8][18]. Balance Sheet Review - Total assets decreased by $233.3 million, or 6.1%, to $3.599 billion at December 31, 2024, from $3.832 billion at December 31, 2023 [5]. - Loans receivable, net, decreased by $283.4 million, or 8.6%, to $2.996 billion at December 31, 2024 [7]. - Total deposits were $2.751 billion at December 31, 2024, compared to $2.979 billion at December 31, 2023, a decrease of $228.2 million, or 7.7% [10]. Income Statement Review - Net interest income decreased by $1.7 million, or 7.2%, to $22.2 million for Q4 2024 [14]. - Non-interest income fell to $938 thousand in Q4 2024 from $3.2 million in Q4 2023, largely due to losses on equity investments [19]. - Non-interest expense decreased by $2.2 million, or 13.3%, to $14.4 million for Q4 2024 [20]. Asset Quality - Non-accrual loans totaled $44.7 million, or 1.48% of gross loans, at December 31, 2024, compared to $18.8 million, or 0.57%, at December 31, 2023 [32]. - The allowance for credit losses on loans was $34.8 million, or 1.15% of gross loans, at December 31, 2024, up from $33.6 million, or 1.01%, at December 31, 2023 [9][32]. Capital Management - Stockholders' equity increased by $9.9 million, or 3.1%, to $323.9 million at December 31, 2024, primarily due to an increase in retained earnings [12]. - The Company declared a regular quarterly cash dividend of $0.16 per share, payable on February 24, 2025 [2].

Core Viewpoint - BCB Bancorp, Inc. reported a decline in net income and earnings per share for the fourth quarter of 2024 compared to both the previous quarter and the same quarter last year, highlighting challenges in net interest income and increased provisions for credit losses [1][13][22]. Financial Performance - Net income for Q4 2024 was $3.3 million, down from $6.7 million in Q3 2024 and $6.1 million in Q4 2023 [1]. - Earnings per diluted share for Q4 2024 were $0.16, compared to $0.36 in Q3 2024 and $0.35 in Q4 2023 [1]. - Year-to-date net income for 2024 decreased by $10.9 million, or 36.8%, to $18.6 million from $29.5 million in 2023 [22]. Balance Sheet Review - Total assets decreased by $233.3 million, or 6.1%, to $3.599 billion at December 31, 2024, from $3.832 billion at December 31, 2023 [5]. - Total cash and cash equivalents increased by $37.8 million, or 13.5%, to $317.3 million at December 31, 2024 [6]. - Loans receivable, net, decreased by $283.4 million, or 8.6%, to $2.996 billion at December 31, 2024 [7]. Income Statement Review - Net interest income decreased by $1.7 million, or 7.2%, to $22.2 million for Q4 2024 [14]. - Interest income decreased by $3.1 million, or 6.1%, to $46.7 million for Q4 2024 [15]. - Non-interest income decreased by $2.3 million to $938 thousand for Q4 2024 [19]. Asset Quality - The provision for credit losses was $4.2 million in Q4 2024, compared to $2.9 million in Q3 2024 and $1.9 million in Q4 2023 [8][18]. - Non-accrual loans totaled $44.7 million, or 1.48% of gross loans, at December 31, 2024, compared to $18.8 million, or 0.57%, at December 31, 2023 [32]. Capital and Dividends - The Board of Directors declared a regular quarterly cash dividend of $0.16 per share, payable on February 24, 2025 [2]. - Stockholders' equity increased by $9.9 million, or 3.1%, to $323.9 million at December 31, 2024 [12].