Form 8-K

8-K — BCB BANCORP INC

Accession: 0001193125-26-168550

Filed: 2026-04-22

Period: 2026-04-21

CIK: 0001228454

SIC: 6035 (SAVINGS INSTITUTION, FEDERALLY CHARTERED)

Item: Results of Operations and Financial Condition

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — d850963d8k.htm (Primary)

EX-99.1 (d850963dex991.htm)

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8-K

8-K (Primary)

Filename: d850963d8k.htm · Sequence: 1

8-K

BCB BANCORP INC false 0001228454 0001228454 2026-04-21 2026-04-21

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 21, 2026

BCB BANCORP, INC.

(Exact name of Registrant as Specified in its Charter)

New Jersey

0-50275

26-0065262

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

104-110 Avenue C

Bayonne, New Jersey

07002

(Address of Principal Executive Offices)

(Zip Code)

Registrant’s telephone number, including area code: (201) 823-0700

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

Common Stock, no par value

BCBP

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02.

Results of Operations and Financial Condition.

On April 21, 2026, BCB Bancorp, Inc. (the “Company”), the holding company for BCB Community Bank, issued a press release (the “Press Release”) reporting the Company’s financial results at and for the quarter ended March 31, 2026. A copy of the Press Release and the accompanying financial statements are attached hereto as Exhibit 99.1 and are incorporated by reference into this Item 2.02.

The information provided in Item 2.02 of this report, including Exhibit 99.1, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

Item 8.01.

Other Events.

The Press Release also announced that the Company’s board of directors declared an $0.08 per share regular quarterly cash dividend. The dividend is payable on May 20, 2026 to common shareholders of record at the close of business on May 6, 2026.

Item 9.01.

Financial Statements and Exhibits.

(d)

Exhibits.

The following Exhibits are attached as part of this report.

Exhibit Number

Description

99.1

Press Release, dated April 21, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BCB BANCORP, INC.

DATE: April 22, 2026

By:

/s/ Jawad Chaudhry

Jawad Chaudhry

Executive Vice President and Chief Financial Officer

(Duly Authorized Representative)

EX-99.1

Filename: d850963dex991.htm · Sequence: 2

EX-99.1

Exhibit 99.1

CONTACT:

MICHAEL SHRINER,

PRESIDENT & CEO

JAWAD CHAUDHRY,

EVP, CFO & TREASURER

(201) 823-0700

BCB Bancorp, Inc. Earns $4.9 Million in First Quarter 2026

Reports $0.26 EPS and

Declares Quarterly Cash Dividend of $0.08 Per Share

BAYONNE, N.J., April 21, 2026 — BCB Bancorp, Inc. (the “Company”), (NASDAQ: BCBP), the holding company for BCB Community Bank (the

“Bank”), today reported net income of $4.9 million for the first quarter of 2026, compared to a net loss of $12.0 million in the fourth quarter of 2025, and a net loss of $8.3 million for the first quarter of 2025. The

Company’s earnings per diluted share for the first quarter were $0.26 compared to a loss per diluted share of ($0.73) in the preceding quarter and a loss per diluted share of ($0.51) in the first quarter of 2025.

The Company also announced that its Board of Directors has declared a regular quarterly cash dividend of $0.08 per share. The dividend will be payable on

May 20, 2026, to common shareholders of record on May 6, 2026.

“We are pleased to report a profitable first quarter, reflecting steady

financial momentum and continued improvement across our core performance metrics. Our capital and liquidity positions remain strong, and the credit headwinds experienced in 2025 have moderated, consistent with our expectations. Following the

stabilization of these trends, we have resumed lending activity and anticipate loan originations will continue to build momentum as the year progresses,” said Michael Shriner, President and Chief Executive Officer of BCB Bank.

Executive Summary

•

Total deposits were $2.672 billion at March 31, 2026, compared to $2.674 billion at

December 31, 2025.

•

Net interest margin was 2.95 percent for the first quarter of 2026, compared to 3.03 percent for the

fourth quarter of 2025, and 2.59 percent for the first quarter of 2025.

•

The total yield on our interest-earning assets was 5.21 percent for the first quarter of 2026, compared to

5.32 percent for the fourth quarter of 2025, and 5.20 percent for the first quarter of 2025.

•

The total cost of our interest-bearing liabilities decreased 5 basis points to 2.93 percent for the first

quarter of 2026, compared to 2.98 percent for the fourth quarter of 2025, and decreased 40 basis points from 3.33 percent for the first quarter of 2025.

•

The efficiency ratio for the first quarter 2026 was 62.4 percent compared to 120.0 percent in the prior

quarter, and 61.6 percent in the first quarter of 2025.

•

The annualized return on average assets ratio for the first quarter of 2026 was 0.61 percent, compared to

(1.44) percent in the prior quarter, and (0.95) percent in the first quarter of 2025.

•

The annualized return on average equity ratio for the first quarter of 2026 was 6.5 percent, compared to

(15.0) percent in the prior quarter, and (10.4) percent in the first quarter of 2025.

•

The allowance for credit losses (“ACL”) as a percentage of

non-accrual loans was 54.5 percent at March 31, 2026, compared to 53.3 percent at the prior quarter-end. Total

non-accrual loans were $59.8 million at March 31, 2026, compared to $63.3 million at December 31, 2025, $93.5 million at September 30, 2025 and $101.8 million at

June 30, 2025.

•

The provision for credit losses was $2.8 million in the first quarter of 2026 compared to $12.2 million

for the fourth quarter of 2025. In the first quarter of 2025, the Bank recorded a provision for credit losses of $20.8 million.

•

Total loans receivable, net of the allowance for credit losses, of $2.656 billion at March 31, 2026,

decreased 1.3 percent from $2.691 billion at December 31, 2025, and decreased 9.0 percent from $2.918 billion at March 31, 2025.

BCBP Reports First Quarter 2026 Results

April 21, 2026

Page

Balance Sheet Review

Total assets decreased by $10.4 million, or 0.3 percent, to $3.269 billion at March 31, 2026, from $3.280 billion at December 31,

2025. This decrease is the result of fewer net loans, offset by an increase in cash and cash equivalents.

Total cash and cash equivalents increased by

$17.2 million, or 6.2 percent, to $293.7 million at March 31, 2026, from $276.6 million at December 31, 2025. The increase in cash was primarily due to loan cash flows.

Loans receivable, net, decreased by $35.1 million, or 1.3 percent, to $2.656 billion at March 31, 2026, from $2.691 billion at

December 31, 2025, due to loan payoffs, paydowns and charge-offs. Total loan decreases during the period included decreases of $19.3 million in commercial real estate and multi-family loans, $12.1 in commercial business loans and

$4.6 million in 1-4 family residential loans and home equity loans. The allowance for credit losses decreased $1.1 million to $32.6 million, or 54.5 percent of non-accruing loans and 1.21 percent of gross loans, at March 31, 2026, as compared to an allowance for credit losses of $33.7 million, or 53.3 percent of

non-accruing loans and 1.24 percent of gross loans, at December 31, 2025.

Total investments increased

by $7.5 million, or 5.6 percent, to $143.1 million at March 31, 2026, from $135.6 million at December 31, 2025, representing current year purchases, net of maturity and paydowns during 2026.

Deposits decreased by $1.1 million, or 0.04 percent, to $2.672 billion at March 31, 2026, from $2.674 billion at December 31,

2025. Certificates of deposit, non-interest bearing accounts and savings and club accounts decreased $33.7 million, and were offset by increases in money market accounts and interest bearing deposit

accounts which totaled $32.6 million.

Debt obligations decreased by $9.9 million to $268.3 million at March 31, 2026, from

$278.2 million at December 31, 2025, due to maturities of our FHLB advances. The weighted average interest rate of FHLB advances was 4.70 percent at March 31, 2026, and 4.53 percent at December 31, 2025. The weighted

average maturity of FHLB advances as of March 31, 2026 was 0.23 years. The interest rate of our subordinated debt balances was 9.25 percent at March 31, 2026 and December 31, 2025.

Stockholders’ equity increased by $3.1 million, or 1.0 percent, to $307.4 million at March 31, 2026, from $304.3 million at

December 31, 2025. The increase was attributable to retained earnings, which increased $3.0 million.

First Quarter 2026 Income Statement

Review

The Company reported net income of $4.9 million for the quarter ended March 31, 2026, compared to a net loss of $8.3 million for

the quarter ended March 31, 2025. This increase was due to the Bank recording $18.1 million less in loan loss provisioning, offset by the Bank recording $5.1 million more in income taxes.

Interest income decreased by $3.8 million, or 8.6 percent, to $40.4 million for the first quarter of 2026 from $44.2 million for the first

quarter of 2025. The average balance of interest-earning assets decreased $299.2 million, or 8.7 percent, to $3.144 billion for the first quarter of 2026 from $3.444 billion for the first quarter of 2025. The average yield

increased 1 basis point to 5.21 percent for the first quarter of 2026 from 5.20 percent for the first quarter of 2025.

Interest expense

decreased by $4.6 million to $17.6 million for the first quarter of 2026 from $22.2 million for the first quarter of 2025. The decrease resulted from a decrease in the average rate paid on interest-bearing liabilities of 40 basis

points to 2.93 percent for the first quarter of 2026 from 3.33 percent for the first quarter of 2025, while the average balance of interest-bearing liabilities decreased by $267.6 million to $2.434 billion in the first quarter of

2026 from $2.702 billion in the first quarter of 2025.

The net interest margin increased to 2.95 percent for the first quarter of 2026 compared

to 2.59 percent for the first quarter of 2025. The increase in the net interest margin compared to the first quarter of 2025 was the result of a decrease in the cost of interest-bearing liabilities, and an increase in the yield on

interest-earning assets.

BCBP Reports First Quarter 2026 Results

April 21, 2026

Page

During the first quarter of 2026, the Company recognized $3.9 million in net charge-offs compared to

$4.2 million in net charge-offs in the first quarter of 2025. The Bank had non-accrual loans totaling $59.8 million, or 2.22 percent of gross loans, at March 31, 2026, as compared to

$63.3 million, or 2.32 percent of gross loans, at December 31, 2025. The allowance for credit losses on loans was $32.6 million, or 1.21 percent of gross loans, at March 31, 2026, and $33.7 million, or

1.24 percent of gross loans, at December 31, 2025. The provision for credit losses was $2.8 million for the first quarter of 2026 compared to $12.2 million for the fourth quarter of 2025 and $20.8 million for the first

quarter of 2025. Management believes that the allowance for credit losses on loans was adequate at March 31, 2026 and December 31, 2025.

Non-interest income increased by $310 thousand to $2.1 million for the first quarter of 2026 from $1.8 million in the first quarter of 2025. The increase in total

non-interest income was mainly related to a $338 thousand increase in BOLI income and a decrease in our realized and unrealized loss on equity investments of $22 thousand. Offsetting this was a

decrease in other non-interest income of $75 thousand.

Non-interest

expense increased by $891 thousand, or 6.1 percent, to $15.6 million for the first quarter of 2026 compared to non-interest expense of $14.7 million for the first quarter of 2025. The

increase in these expenses for the first quarter of 2026 was primarily driven by salaries and employee benefits, data processing costs and OREO expenses, which rose $924 thousand, $179 thousand and $150 thousand, respectively.

Offsetting this was a decline in other non-interest expense and director fees of $203 thousand and $172 thousand, respectively.

The income tax provision increased by $5.1 million, to an income tax expense of $1.7 million for the first quarter of 2026 when compared to a income

tax benefit of $3.4 million for the first quarter of 2025.

Asset Quality

During the first quarter of 2026, the Company recognized $3.9 million in net charge offs, compared to $4.2 million in net charge-offs for the first

quarter of 2025.

The Company had non-accrual loans totaling $59.8 million, or 2.22 percent of gross

loans, at March 31, 2026, as compared to $99.8 million, or 3.36 percent of gross loans, at March 31, 2025. The allowance for credit losses was $32.6 million, or 1.21 percent of gross loans, at March 31, 2026, and

$51.5 million, or 1.73 percent of gross loans, at March 31, 2025. The allowance for credit losses was 54.5 percent of non-accrual loans at March 31 2026, and 51.6 percent of non-accrual loans at March 31, 2025.

BCBP Reports First Quarter 2026 Results

April 21, 2026

Page

About BCB Bancorp, Inc.

Established in 2000 and headquartered in Bayonne, N.J., BCB Community Bank is the wholly-owned subsidiary of BCB Bancorp, Inc. (NASDAQ: BCBP). The Bank has

twenty-three branch offices in Bayonne, Edison, Hoboken, Fairfield, Holmdel, Jersey City, Lyndhurst, Maplewood, Monroe Township, Newark, Parsippany, Plainsboro, River Edge, Rutherford, South Orange, Union, and Woodbridge, New Jersey, and four

branches in Hicksville and Staten Island, New York. The Bank provides businesses and individuals a wide range of loans, deposit products, and retail and commercial banking services. For more information, please go to www.bcb.bank.

Forward-Looking Statements

This release, like many

written and oral communications presented by BCB Bancorp, Inc., and our authorized officers, may contain certain forward-looking statements regarding our prospective performance and strategies within the meaning of Section 27A of the Securities

Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private

Securities Litigation Reform Act of 1995, and are including this statement for purposes of said safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations of the

Company, are generally identified by use of words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “project,” “seek,”

“strive,” “try,” or future or conditional verbs such as “could,” “may,” “should,” “will,” “would,” or similar expressions. Our ability to predict results or the

actual effects of our plans or strategies is inherently uncertain. Accordingly, actual results may differ materially from anticipated results.

The

most significant factors that could cause future results to differ materially from those anticipated by our forward-looking statements include the global impact of the military conflicts in the Ukraine and the Middle East, the potential impact of

any future Federal budget stalemate in Congress, global tariffs imposed by the Trump administration, higher inflation levels, and general economic concerns, all of which could impact economic growth and could cause increased loan delinquencies, a

reduction in financial transactions and business activities, including decreased deposits and reduced loan originations. Other factors that could cause future results to vary materially from current management expectations as reflected in our

forward-looking statements include, but are not limited to: our ability to manage liquidity and capital in a rapidly changing and unpredictable market, supply chain disruptions, labor shortages; unfavorable economic conditions in the United States

generally and particularly in our primary market area; the Company’s ability to effectively attract and deploy deposits; changes in the Company’s corporate strategies, the composition of its assets, or the way in which it funds those

assets; shifts in investor sentiment or behavior in the securities, capital, or other financial markets, including changes in market liquidity or volatility; the effects of declines in real estate values that may adversely impact the collateral

underlying our loans; increase in unemployment levels and slowdowns in economic growth; our level of non-performing assets and the costs associated with resolving any problem loans including litigation and

other costs; the impact of changes in interest rates and the credit quality and strength of underlying collateral and the effect of such changes on the market value of our loan and investment securities portfolios; the credit risk associated with

our loan portfolio; changes in the quality and composition of the Bank’s loan and investment portfolios; changes in our ability to access cost-effective funding; deposit flows; legislative and regulatory changes, including increases in Federal

Deposit Insurance Corporation, or FDIC, insurance rates; monetary and fiscal policies of the federal and state governments; changes in tax policies, rates and regulations of federal, state and local tax authorities; demands for our loan products;

demand for financial services; competition; changes in the securities or secondary mortgage markets; changes in management’s business strategies; changes in consumer spending; our ability to hire and retain key employees; the effects of any

reputational, credit, interest rate, market, operational, legal, liquidity, or regulatory risk; expanding regulatory requirements which could adversely affect operating results; civil unrest in the communities that we serve; and other factors

discussed elsewhere in this report, and in other reports we filed with the SEC, including under “Risk Factors” in Part I, Item 1A of our Annual Report on Form 10-K filed for the year ended

December 31, 2025, and our other periodic reports that we file with the SEC.

Annualized, pro forma, projected and estimated numbers are used for

illustrative purpose only, are not forecasts and may not reflect actual results.

BCBP Reports First Quarter 2026 Results

April 21, 2026

Page

Explanation of Non-GAAP Financial Measures

Reported amounts are presented in accordance with accounting principles generally accepted in the United States of America (“GAAP”). This press

release also contains certain supplemental Non-GAAP information that the Company’s management uses in its analysis of the Company’s financial results. The Company’s management believes that

providing this information to analysts and investors allows them to better understand and evaluate the Company’s financial results for the periods in question.

The Company provides measurements and ratios based on tangible stockholders’ equity and efficiency ratios. These measures are utilized by regulators and

market analysts to evaluate a company’s financial condition and, therefore, the Company’s management believes that such information is useful to investors. For a reconciliation of GAAP to Non-GAAP

financial measures included in this press release, see “Reconciliation of GAAP to Non-GAAP Financial Measures” below.

BCBP Reports First Quarter 2026 Results

April 21, 2026

Page

Statements of Operations - Three Months Ended,

March 31, 2026

December 31, 2025

March 31, 2025

March 31, 2026 vs.

December 31, 2025

March 31, 2026 vs.

March 31, 2025

(In thousands, except per share amounts, Unaudited)

Interest and dividend income:

Loans, including fees

35,878

38,344

38,927

-6.4

-7.8

Mortgage-backed securities

839

772

561

8.7

49.6

Other investment securities

990

914

968

8.3

2.3

FHLB stock and other interest-earning assets

2,695

2,514

3,736

7.2

-27.9

Total interest and dividend income

40,402

42,544

44,192

-5.0

-8.6

Interest expense:

Deposits:

Demand

5,170

5,196

5,418

-0.5

-4.6

Savings and club

136

213

151

-36.2

-9.9

Certificates of deposit

8,592

9,125

10,762

-5.8

-20.2

13,898

14,534

16,331

-4.4

-14.9

Borrowings

3,667

3,787

5,856

-3.2

-37.4

Total interest expense

17,565

18,321

22,187

-4.1

-20.8

Net interest income

22,837

24,223

22,005

-5.7

3.8

Provision for credit losses

2,788

12,195

20,845

-77.1

-86.6

Net interest income after provision for credit losses

20,049

12,028

1,160

66.7

1628.4

Non-interest income income:

Fees and service charges

1,191

1,173

1.5

Gain on sales of loans

—

-12.5

—

Realized and unrealized loss on equity investments

(93

)

(427

)

(115

)

-78.2

-19.1

Bank-owned life insurance (“BOLI”) income

946

1,001

608

-5.5

55.6

Other

188

125

-73.4

-60.0

Total non-interest income

2,101

1,943

1,791

8.1

17.3

Non-interest expense:

Salaries and employee benefits

8,327

7,960

7,403

4.6

12.5

Occupancy and equipment

2,724

2,617

2,723

4.1

0.0

Data processing and communications

2,023

1,982

1,844

2.1

9.7

Professional fees

627

834

692

-24.8

-9.4

Director fees

246

315

418

-21.9

-41.1

Regulatory assessment fees

765

790

709

-3.2

7.9

Advertising and promotions

200

446

179

-55.2

11.7

Other real estate owned, net

150

15,077

—

0.0

—

Other

489

1,364

692

-64.1

-29.3

Total non-interest expense

15,551

31,385

14,660

-50.5

6.1

Income (Loss) before income tax (benefit) provision

6,599

(17,414

)

(11,709

)

-137.9

-156.4

Income tax (benefit) provision

1,695

(5,385

)

(3,385

)

-131.5

-150.1

Net Income (Loss)

4,904

(12,029

)

(8,324

)

-140.8

-158.9

Preferred stock dividends

482

—

Net Income (Loss) available to common stockholders

4,422

(12,511

)

(8,806

)

-135.3

-150.2

Net Income (Loss) per common share-basic and diluted

Basic

0.26

(0.73

)

(0.51

)

-135.2

-149.6

Diluted

0.26

(0.73

)

(0.51

)

-135.2

-149.6

Weighted average number of common shares outstanding

Basic

17,314

17,249

17,113

0.4

1.2

Diluted

17,314

17,249

17,113

0.4

1.2

BCBP Reports First Quarter 2026 Results

April 21, 2026

Page

Statements of Financial Condition

March 31, 2026

December 31, 2025

March 31, 2025

March 31, 2026 vs.

December 31, 2025

March 31, 2026 vs.

March 31, 2025

(In Thousands, Unaudited)

ASSETS

Cash and amounts due from depository institutions

12,619

13,794

11,977

-8.5

5.4

Interest-earning deposits

281,118

262,790

240,773

7.0

16.8

Total cash and cash equivalents

293,737

276,584

252,750

6.2

16.2

Interest-earning time deposits

735

—

Debt securities available for sale

134,013

126,395

116,496

6.0

15.0

Equity investments

9,079

9,172

9,357

-1.0

-3.0

Loans receivable, net of allowance for credit losses on loans of $32,578, $33,691, and $51,484

respectively

2,655,981

2,691,091

2,917,610

-1.3

-9.0

Federal Home Loan Bank of New York (“FHLB”) stock, at cost

13,757

14,176

22,066

-3.0

-37.7

Premises and equipment, net

11,915

12,056

12,474

-1.2

-4.5

Accrued interest receivable

15,259

13,834

16,354

10.3

-6.7

Other real estate owned

5,000

—

Deferred income taxes

22,322

22,209

22,814

0.5

-2.2

Goodwill

5,253

—

Operating lease

right-of-use asset

10,889

10,660

12,622

2.1

-13.7

Bank-owned life insurance (“BOLI”)

80,312

79,366

76,648

1.2

4.8

Other assets

10,845

12,935

8,643

-16.2

25.5

Total Assets

3,269,097

3,279,466

3,473,822

-0.3

-5.9

LIABILITIES AND STOCKHOLDERS’ EQUITY

LIABILITIES

Non-interest bearing deposits

521,316

531,140

542,621

-1.8

-3.9

Interest bearing deposits

2,151,113

2,142,433

2,143,887

0.4

0.3

Total deposits

2,672,429

2,673,573

2,686,508

—

-0.5

FHLB advances

225,000

235,000

405,499

-4.3

-44.5

Subordinated debentures

43,272

43,210

43,024

0.1

0.6

Operating lease liability

11,365

11,140

13,087

2.0

-13.2

Other liabilities

9,651

12,259

10,982

-21.3

-12.1

Total Liabilities

2,961,717

2,975,182

3,159,100

-0.5

-6.2

STOCKHOLDERS’ EQUITY

Preferred stock: $0.01 par value, 10,000 shares authorized

—

Additional paid-in capital preferred stock

25,243

—

Common stock: no par value, 40,000 shares authorized

—

Additional paid-in capital common stock

203,876

203,429

201,804

0.2

1.0

Retained earnings

119,412

116,415

130,291

2.6

-8.3

Accumulated other comprehensive loss

(2,804

)

(2,456

)

(4,269

)

14.2

-34.3

Treasury stock, at cost

(38,347

)

(38,347

)

(38,347

)

—

Total Stockholders’ Equity

307,380

304,284

314,722

1.0

-2.3

Total Liabilities and Stockholders’ Equity

3,269,097

3,279,466

3,473,822

-0.3

-5.9

Outstanding common shares

17,359

17,274

17,163

BCBP Reports First Quarter 2026 Results

April 21, 2026

Page

Three Months Ended March 31,

2026

2025

Average Balance

Interest Earned/Paid

Average Yield/Rate (3)

Average Balance

Interest Earned/Paid

Average Yield/Rate (3)

(Dollars in thousands)

Interest-earning assets:

Loans Receivable (4)(5)

2,708,511

35,878

5.37

2,994,529

38,927

5.27

Investment Securities

137,146

1,829

5.33

117,205

1,529

5.22

Other Interest-earning

assets (6)

298,670

2,695

3.66

331,808

3,736

4.57

Total Interest-earning assets

3,144,327

40,402

5.21

3,443,542

44,192

5.20

Non-interest-earning assets

136,210

125,974

Total assets

3,280,537

3,569,516

Interest-bearing liabilities:

Interest-bearing demand accounts

523,400

2,043

1.58

560,565

2,369

1.71

Money market accounts

432,313

3,127

2.93

394,282

3,049

3.14

Savings accounts

242,459

136

0.23

252,227

151

0.24

Certificates of Deposit

964,292

8,592

3.61

1,005,669

10,762

4.34

Total interest-bearing deposits

2,162,464

13,898

2.61

2,212,743

16,331

2.99

Borrowed funds

271,123

3,667

5.49

488,418

5,856

4.86

Total interest-bearing liabilities

2,433,587

17,565

2.93

2,701,161

22,187

3.33

Non-interest-bearing liabilities

541,026

543,660

Total liabilities

2,974,613

3,244,821

Stockholders’ equity

305,924

324,695

Total liabilities and stockholders’ equity

3,280,537

3,569,516

Net interest income

22,837

22,005

Net interest rate spread(1)

2.28

1.87

Net interest margin(2)

2.95

2.59

(1)

Net interest rate spread represents the difference between the average yield on average interest-earning assets

and the average cost of average interest-bearing liabilities.

(2)

Net interest margin represents net interest income divided by average total interest-earning assets.

(3)

Annualized.

(4)

Excludes allowance for credit losses.

(5)

Includes non-accrual loans.

(6)

Includes Federal Home Loan Bank of New York Stock.

BCBP Reports First Quarter 2026 Results

April 21, 2026

Page

Financial Condition data by quarter

Q1 2026

Q4 2025

Q3 2025

Q2 2025

Q1 2025

(In thousands, except book values)

Total assets

3,269,097

3,279,466

3,353,065

3,380,461

3,473,822

Cash and cash equivalents

293,737

276,584

249,614

206,852

252,750

Securities

143,092

135,567

125,292

140,025

125,853

Loans receivable, net

2,655,981

2,691,091

2,788,932

2,860,453

2,917,610

Deposits

2,672,429

2,673,573

2,687,387

2,661,534

2,686,508

Borrowings

268,272

278,210

323,922

378,722

448,523

Stockholders’ equity

307,380

304,284

318,453

315,735

314,722

Book value per common share1

16.25

16.15

17.02

16.89

16.87

Tangible book value per common

share2

15.95

15.85

16.71

16.59

16.56

Operating data by quarter

Q1 2026

Q4 2025

Q3 2025

Q2 2025

Q1 2025

(In thousands, except for per share amounts)

Net interest income

22,837

24,223

23,711

23,102

22,005

Provision for credit losses

2,788

12,195

4,080

4,891

20,845

Non-interest income

2,101

1,943

2,745

2,076

1,791

Non-interest expense

15,551

31,385

16,570

15,268

14,660

Income tax expense (benefit)

1,695

(5,385

)

1,544

1,455

(3,385

)

Net income (loss)

4,904

(12,029

)

4,262

3,564

(8,324

)

Net income (loss) per diluted share

0.26

(0.73

)

0.22

0.18

(0.51

)

Common Dividends declared per share

0.08

0.16

Financial Ratios(3)

Q1 2026

Q4 2025

Q3 2025

Q2 2025

Q1 2025

Return on average assets

0.61

(1.44

0.50

0.42

(0.95

Return on average stockholders’ equity

6.50

(14.99

5.35

4.55

(10.40

Net interest margin

2.95

3.03

2.88

2.80

2.59

Stockholders’ equity to total assets

9.40

9.28

9.50

9.34

9.06

Efficiency Ratio4

62.36

119.95

62.63

60.64

61.61

Asset Quality Ratios

Q1 2026

Q4 2025

Q3 2025

Q2 2025

Q1 2025

(In thousands, except for ratio %)

Non-Accrual Loans

59,805

63,255

93,517

101,764

99,833

Non-Accrual Loans as a % of Total Loans

2.22

2.32

3.31

3.50

3.36

ACL as % of Non-Accrual Loans

54.5

53.3

40.4

49.8

51.6

Individually Analyzed Loans

160,600

162,226

129,358

153,428

122,517

Classified Loans

194,662

188,876

228,255

266,847

251,989

(1)

Calculated by dividing stockholders’ equity, less preferred equity, by shares outstanding.

(2)

Calculated by dividing tangible stockholders’ common equity, a

non-GAAP measure, by shares outstanding. Tangible stockholders’ common equity is stockholders’ equity less goodwill and preferred stock. See “Reconciliation of GAAP to Non-GAAP Financial Measures by quarter.”

(3)

Ratios are presented on an annualized basis, where appropriate.

(4)

The Efficiency Ratio, a non-GAAP measure, was calculated by dividing non-interest expense by the total of net interest income and non-interest income. See “Reconciliation of GAAP to Non-GAAP

Financial Measures by quarter.”

BCBP Reports First Quarter 2026 Results

April 21, 2026

Page

Recorded Investment in Loans Receivable by quarter

Q1 2026

Q4 2025

Q3 2025

Q2 2025

Q1 2025

(In thousands)

Residential

one-to-four family

223,708

226,708

227,140

230,917

232,456

Commercial and multi-family

2,076,406

2,095,711

2,135,385

2,177,268

2,221,218

Construction

73,804

73,963

110,824

116,214

118,779

Commercial business

240,158

252,229

279,976

315,333

330,358

Home equity

72,716

74,332

73,566

71,587

66,479

Consumer

3,584

3,580

2,042

2,075

2,271

2,690,376

2,726,523

2,828,933

2,913,394

2,971,561

Less:

Deferred loan fees, net

(1,817

)

(1,741

)

(2,198

)

(2,283

)

(2,467

)

Allowance for credit losses

(32,578

)

(33,691

)

(37,803

)

(50,658

)

(51,484

)

Total loans, net

2,655,981

2,691,091

2,788,932

2,860,453

2,917,610

Non-Accruing Loans in Portfolio by quarter

Q1 2026

Q4 2025

Q3 2025

Q2 2025

Q1 2025

(In thousands)

Residential

one-to-four family

1,576

1,554

1,410

1,436

1,138

Commercial and multi-family

52,297

52,159

70,546

91,480

89,296

Construction

3,173

4,897

2,310

586

Commercial business

2,418

4,351

18,777

7,769

8,374

Home equity

341

294

474

493

439

Consumer

—

Total:

59,805

63,255

93,517

101,764

99,833

Distribution of Deposits by quarter

Q1 2026

Q4 2025

Q3 2025

Q2 2025

Q1 2025

(In thousands)

Demand:

Non-Interest Bearing

521,317

531,140

536,908

539,093

542,620

Interest Bearing

511,465

501,172

477,427

503,336

537,468

Money Market

448,397

426,138

422,424

428,397

405,793

Sub-total:

1,481,179

1,458,450

1,436,759

1,470,826

1,485,881

Savings and Club

240,048

243,670

254,554

258,585

254,732

Certificates of Deposit

951,202

971,453

996,074

932,123

945,895

Total Deposits:

2,672,429

2,673,573

2,687,387

2,661,534

2,686,508

BCBP Reports First Quarter 2026 Results

April 21, 2026

Page

Reconciliation of GAAP to Non-GAAP Financial Measures by quarter

Tangible Book Value per Share

Q1 2026

Q4 2025

Q3 2025

Q2 2025

Q1 2025

(In thousands, except per share amounts)

Total Stockholders’ Equity

307,380

304,284

318,453

315,735

314,722

Less: goodwill

5,253

Less: preferred stock

25,243

Total tangible common stockholders’ equity

276,884

273,788

287,957

285,239

284,226

Shares common shares outstanding

17,359

17,274

17,228

17,194

17,163

Book value per common share

16.25

16.15

17.02

16.89

16.87

Tangible book value per common share

15.95

15.85

16.71

16.59

16.56

Efficiency Ratios

Q1 2026

Q4 2025

Q3 2025

Q2 2025

Q1 2025

(In thousands, except for ratio %)

Net interest income

22,837

24,223

23,711

23,102

22,005

Non-interest income

2,101

1,943

2,745

2,076

1,791

Total income

24,938

26,166

26,456

25,178

23,796

Non-interest expense

15,551

31,385

16,570

15,268

14,660

Efficiency Ratio

62.36

119.95

62.63

60.64

61.61

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