BCB Bancorp reported a net loss of $14.8 million for the second quarter ended June 30, 2026, driven by a $19.0 million provision for credit losses, a $5.3 million goodwill impairment charge, and a $2.6 million loss on a loan transfer to held-for-sale. The company suspended both common and preferred dividends to preserve capital while conducting a comprehensive review of its loan portfolio with independent consultants. Additionally, the board approved a proposal to reincorporate in Delaware and convert from a staggered board to annual director elections, subject to shareholder approval at a special meeting later this year. BCB Bancorp operates as a bank holding company providing retail and commercial banking services through its subsidiary, BCB Community Bank.
