Financial Position - As of September 30, 2024, the company reported total assets of $3.614 billion, a decrease of $218.6 million or 5.7% from $3.832 billion at December 31, 2023[104] - Loans receivable, net, decreased by $191.8 million or 5.8% to $3.088 billion, primarily due to loan payoffs exceeding loan originations[104] - Total deposits decreased by $254.5 million or 8.5% to $2.725 billion, with a significant decline in certificates of deposit by $175.8 million[104] - Stockholders' equity increased by $14.1 million or 4.5% to $328.1 million, driven by an increase in additional paid-in capital and retained earnings[104] - Total outstanding borrowings increased to $533.5 million at September 30, 2024, compared to $510.4 million at December 31, 2023[114] Income and Expenses - Net interest income for the three months ended September 30, 2024, was $23.045 million, compared to $25.680 million for the same period in 2023[107] - Net interest income decreased by $2.6 million, or 10.3%, to $23.0 million in Q3 2024 from $25.7 million in Q3 2023, primarily due to higher interest expense[110] - Interest income fell by $441 thousand, or 0.9%, to $48.6 million in Q3 2024, while average yield increased by 13 basis points to 5.44%[110] - Interest expense rose by $2.2 million to $25.6 million in Q3 2024, driven by a 45 basis point increase in the average rate on interest-bearing liabilities to 3.62%[110] - For the first nine months of 2024, net income decreased by $8.1 million, or 34.5%, to $15.4 million, primarily due to a $10.3 million decline in net interest income[113] - Non-interest income increased by $1.1 million to $2.0 million for the first nine months of 2024, driven by gains on equity securities[113] Credit and Capital Ratios - The allowance for credit losses increased by $1.1 million to $34.7 million, representing 98.2% of non-accruing loans and 1.11% of gross loans[104] - The provision for credit losses was $7.4 million for the first nine months of 2024, compared to $4.2 million for the same period in 2023[113] - As of September 30, 2024, the Bank's Community Bank Leverage Ratio was 9.84%, exceeding the minimum requirement of 9%[118] - The Bancorp's Total Capital to Risk-Weighted Assets ratio was 13.14% as of September 30, 2024, above the 8.00% requirement for capital adequacy[120] - The Tier 1 Capital to Risk-Weighted Assets ratio was 10.38% as of September 30, 2024, surpassing the 6.00% minimum requirement[120] - The Common Equity Tier 1 Capital to Risk-Weighted Assets ratio was 9.32% as of September 30, 2024, exceeding the 4.50% requirement[120] - The Bank exceeded all regulatory capital requirements as of September 30, 2024, indicating a strong capital position[118] Interest Rate Risk Management - The Asset/Liability Committee is responsible for managing interest rate risk, which is a significant concern due to the mismatch in maturities of assets and liabilities[122] - A 100-basis point decrease in interest rates would result in a 0.25% increase in NPV as of September 30, 2024, compared to a 0.66% increase at December 31, 2023[123] Legal Proceedings - As of September 30, 2024, the Company was not involved in any material legal proceedings that could adversely affect its financial condition[126] Branch Operations - The company operates 23 branches in New Jersey and 3 branches in New York, focusing on community-oriented financial services[100]

Financial Performance - Net income for Q3 2024 was $6.7 million, unchanged from Q3 2023, with EPS of $0.36 compared to $0.39 in the prior year[1]. - Net income for Q3 2024 was $6.668 million, a 136.7% increase from $2.817 million in Q2 2024, but a slight decrease of 0.6% from $6.711 million in Q3 2023[29]. - Net income available to common stockholders was $6.193 million for Q3 2024, representing a 161.4% increase from $2.369 million in Q2 2024[29]. - Net income decreased by 34.5% to $15,351,000 from $23,421,000 year-over-year[31]. - Basic net income per common share decreased by 39.3% to $0.82 compared to $1.36 in the same period last year[31]. Income and Expenses - Net interest income decreased by $2.6 million, or 10.3%, to $23.0 million for Q3 2024 compared to $25.7 million in Q3 2023[10]. - Total interest and dividend income for Q3 2024 was $48.626 million, a decrease of 1.7% from $49.445 million in Q2 2024 and a decrease of 0.9% from $49.067 million in Q3 2023[29]. - Total non-interest expense for Q3 2024 was $13.929 million, a slight decrease of 0.4% from $13.987 million in Q2 2024 and a decrease of 9.9% from $15.463 million in Q3 2023[29]. - Total non-interest income surged by 132.8% to $2,002,000 from $860,000 year-over-year[31]. - Non-interest income increased by $1.7 million to $3.1 million for Q3 2024, primarily due to gains on equity investments[14]. Loans and Deposits - Total loans receivable decreased by $191.8 million, or 5.8%, to $3.088 billion at September 30, 2024, from $3.280 billion at December 31, 2023[6]. - Total deposits decreased by $254.5 million, or 8.5%, to $2.725 billion at September 30, 2024, from $2.979 billion at December 31, 2023[7]. - Total deposits for Q3 2024 were $2,724,580, down 7.2% from $2,935,239 in Q2 2024[39]. Credit Losses and Allowances - The provision for credit losses was $2.9 million in Q3 2024, up from $2.2 million in Q3 2023[4]. - Provision for credit losses increased to $2.890 million in Q3 2024, an 18.5% increase from $2.438 million in Q2 2024 and a 31.1% increase from $2.205 million in Q3 2023[29]. - The allowance for credit losses was $34.7 million, or 1.11% of gross loans, at September 30, 2024, up from $31.9 million, or 0.96% of gross loans, at September 30, 2023[21]. - The Company recognized $3.4 million in net charge offs for Q3 2024, a significant increase from $496 thousand in Q3 2023[21]. Asset Management - Total assets decreased by 4.7% to $3,613,770,000 from $3,793,941,000 in the previous quarter[32]. - Total assets increased to $3,763,311, up from $3,749,422 in the previous quarter[34]. - Stockholders' equity increased by $14.1 million, or 4.5%, to $328.1 million at September 30, 2024, from $314.1 million at December 31, 2023[9]. - Stockholders' equity rose to $321,783, compared to $300,941 in the previous quarter[34]. Efficiency and Ratios - The efficiency ratio improved to 53.22% in Q3 2024 from 68.55% in the previous quarter[4]. - The annualized return on average assets ratio for Q3 2024 was 0.72%, compared to 0.70% in Q3 2023[4]. - Net interest margin decreased to 2.58% in Q3 2024 from 2.78% in Q3 2023[37]. - Average yield on loans receivable was 5.38%, up from 5.12% in the same period last year[35]. - Book value per common share increased to $17.50, compared to $16.79 in Q3 2023[36].

Company Performance - BCB Bancorp reported quarterly earnings of $0.36 per share, exceeding the Zacks Consensus Estimate of $0.32 per share, but down from $0.39 per share a year ago, representing an earnings surprise of 12.50% [1] - The company posted revenues of $26.17 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.49%, but down from $27.09 million year-over-year [1] - Over the last four quarters, BCB Bancorp has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [1] Future Outlook - The stock's immediate price movement will largely depend on management's commentary during the earnings call and the company's earnings outlook [2][3] - The current consensus EPS estimate for the upcoming quarter is $0.34 on revenues of $25.39 million, and for the current fiscal year, it is $1.32 on revenues of $101.44 million [4] - The estimate revisions trend for BCB Bancorp is currently favorable, resulting in a Zacks Rank 2 (Buy), indicating expected outperformance in the near future [4] Industry Context - The Banks - Northeast industry, to which BCB Bancorp belongs, is currently in the top 38% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [5] - Another company in the same industry, Carter Bankshares, Inc., is expected to report quarterly earnings of $0.23 per share, reflecting a year-over-year increase of 15%, although its consensus EPS estimate has been revised 7.1% lower recently [5]

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for BCB Bancorp, with a focus on how actual results compare to estimates impacting stock price movements [1] Earnings Estimates - BCB Bancorp is expected to report quarterly earnings of $0.32 per share, reflecting an 18% decrease year-over-year [2] - Revenues are projected to be $25.29 million, down 6.6% from the same quarter last year [2] Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a stable outlook from covering analysts [3] - The Most Accurate Estimate for BCB Bancorp is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -7.22%, suggesting a bearish sentiment among analysts [6] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a favorable Zacks Rank [5] - BCB Bancorp currently holds a Zacks Rank of 2 (Buy), but the negative Earnings ESP complicates predictions of an earnings beat [7] Historical Performance - In the last reported quarter, BCB Bancorp was expected to earn $0.30 per share but only achieved $0.14, resulting in a surprise of -53.33% [8] - The company has not surpassed consensus EPS estimates in any of the last four quarters [8] Conclusion - BCB Bancorp does not appear to be a compelling candidate for an earnings beat, and investors should consider other factors when evaluating the stock ahead of its earnings release [9]

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to fin ...

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 June 30, 2024 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 (Stat ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a v ...

Exhibit 99.1 CONTACT: MICHAEL SHRINER, PRESIDENT & CEO JAWAD CHAUDHRY, EVP & CFO (201) 823-0700 BCB Bancorp, Inc. Earns $2.8 Million in Second Quarter 2024; Reports $0.14 EPS and Declares Quarterly Cash Dividend of $0.16 Per Share BAYONNE, N.J., July 19, 2024 — BCB Bancorp, Inc. (the "Company"), (NASDAQ: BCBP), the holding company for BCB Community Bank (the "Bank"), today reported net income of $2.8 million for the second quarter of 2024, compared to $5.9 million in the first quarter of 2024, and $8.6 mill ...

BCB Bancorp (BCBP) came out with quarterly earnings of $0.14 per share, missing the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.53 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -53.33%. A quarter ago, it was expected that this community bank would post earnings of $0.36 per share when it actually produced earnings of $0.32, delivering a surprise of -11.11%.Over the last four quarters, the com ...

BAYONNE, N.J., July 19, 2024 (GLOBE NEWSWIRE) -- BCB Bancorp, Inc. (the "Company"), (NASDAQ: BCBP), the holding company for BCB Community Bank (the "Bank"), today reported net income of $2.8 million for the second quarter of 2024, compared to $5.9 million in the first quarter of 2024, and $8.6 million for the second quarter of 2023. Earnings per diluted share for the second quarter of 2024 were $0.14, compared to $0.32 in the preceding quarter and $0.50 in the second quarter of 2023. During the second quart ...