BCB Bancorp, Inc. reported second quarter 2026 results marked by a significant loss driven by a $5.3 million goodwill write-off and substantial credit losses in the Commercial & Industrial (C&I) portfolio. The company suspended dividends on both common and preferred shares to retain liquidity at the holding company level and build capital at the bank. Management, led by newly appointed CEO Thomas O'Brien, is conducting a comprehensive review of loan portfolios, including Business Express loans and commercial real estate, with plans to announce financial restructuring outcomes in the third quarter. Additionally, the Board approved changing the state of incorporation from New Jersey to Delaware and eliminating staggered director terms to modernize corporate governance. The company operates as a bank holding company for BCB Community Bank.
