BCB Bancorp Q2 FY26 turns to net loss of $14.8 million; loss per share widens to $0.85
Reuters2026/08/03 11:05- BCB Bancorp posted a Q2 2026 net loss of $14.8 million, swinging from net income of $4.9 million in Q1 2026.
- Loss per diluted share was $0.85, turning from earnings per diluted share of $0.26 in the prior quarter.
- Provision for credit losses jumped to $19 million from $2.8 million in Q1, while a $5.3 million non-cash goodwill impairment was recorded.
- Net interest margin widened 8 basis points to 3.03%, while deposits edged down 1.4% to $2.64 billion at June 30.
- Board moved to suspend common and preferred dividends, citing capital preservation while it reviews the loan portfolio with independent consultants.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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