Recent Updates — BCBP

BCB Bancorp reported a net loss attributable to common stockholders of $132.5 million, or ($6.92) per diluted share, for the third quarter ended September 30, 2026, compared to a net loss of $14.8 million in the prior quarter and net income of $3.8 million in the same period last year. The results were primarily driven by a $115.0 million provision for credit losses and a $59.9 million non-cash charge establishing a full valuation allowance against deferred tax assets. Net charge-offs totaled $89.7 million, reflecting the sale of $204.3 million in problem loans and transfers to held-for-sale status. The company also completed an underwritten public offering that raised $98.0 million in equity capital. Additionally, BCB Bancorp announced a C-suite reorganization, including the appointment of Ryan Blake as Chief Banking Officer and Eleni Willis as Chief Risk Officer. BCB Bancorp is the holding company for BCB Community Bank, which provides retail and commercial banking services.

BCB Bancorp appointed Patricia M. Schaubeck as Executive Vice President, Chief Legal Officer and Corporate Secretary effective October 7, 2026, as part of a C-Suite reorganization. Ms. Schaubeck brings prior general counsel experience from Dime Community Bancshares and Sun Bancorp, with an annual base salary of $444,600. The Board also appointed Steven E. Gallotta and Denny Kim as independent directors to serve until the 2027 annual meeting. Mr. Gallotta joins the Audit Committee, leveraging over 35 years of financial reporting experience at KPMG. Mr. Kim serves on the Nominating and Corporate Governance Committee, bringing investment expertise from Whale Point Capital and WL Ross & Co. BCB Bancorp operates as a community bank holding company providing retail and commercial banking services in New Jersey and New York.

BCB Bancorp announced that its subsidiary, BCB Community Bank, entered into definitive agreements to sell problem loan portfolios with an aggregate unpaid principal balance of approximately $205.3 million as of June 30, 2026. The sale includes commercial and multifamily real estate loans ($180.7 million), commercial and industrial loans ($14.8 million), and construction loans ($9.8 million). The transaction is expected to result in an estimated pre-tax loss of $43.3 million, recorded in the third quarter of 2026. Five of six transactions have closed, with the final closing expected before the end of Q3 2026. BCB Bancorp operates as a bank holding company providing retail and commercial banking services through its subsidiary.

BCB Bancorp, Inc. closed a public offering of 12,650,000 shares of common stock at $7.75 per share, including the full exercise of the underwriter's over-allotment option for an additional 1,650,000 shares. The aggregate gross proceeds were approximately $98 million, with net proceeds totaling approximately $92.4 million after deducting underwriting discounts and estimated offering expenses. Piper Sandler & Co. served as the sole book-running manager. The company intends to use the net proceeds for general corporate purposes, including maintaining liquidity, funding working capital needs, supporting bank capital to address potential problem loans, reducing debt, and maintaining acceptable capital ratios. BCB Bancorp operates in the banking industry as the holding company for BCB Community Bank, providing retail and commercial banking services through branches in New Jersey and New York.

BCB Bancorp, Inc. priced an underwritten public offering of 11,000,000 shares of common stock for total gross proceeds of $85,250,000 before deducting underwriting discounts and commissions and estimated offering expenses. The company granted the underwriter a 30-day option to purchase additional shares at the public offering price less underwriting discounts and commissions. Piper Sandler & Co. is acting as the sole book-running manager for the offering. The transaction is expected to close on September 18, 2026, subject to customary closing conditions. Net proceeds will be used for general corporate purposes, including maintaining liquidity, funding working capital needs, supporting Bank capital in connection with the disposition of identified potential problem loans, reducing debt, and maintaining acceptable capital and liquidity ratios. BCB Bancorp operates as a bank holding company providing retail and commercial banking services through its wholly-owned subsidiary, BCB Community Bank.

BCB Bancorp announced an underwritten public offering of common stock to support liquidity and fund the disposition of problem loans. The company also disclosed a significant credit deterioration, marketing approximately $210 million in classified problem loans for sale and transferring an additional $96 million of commercial real estate and cannabis-related loans to held-for-sale status. Consequently, BCB expects a third-quarter 2026 provision for credit losses between $112 million and $120 million, including an $87 million pre-tax loss on anticipated loan sales. A $50 million valuation allowance was recorded against net deferred tax assets due to cumulative losses. The company projects a net loss of $126.2 million to $136.1 million for the quarter. BCB Bancorp operates as a bank holding company providing retail and commercial banking services in New Jersey and New York.