BCBP

EX-99.1

2 d180307dex991.htm

EX-99.1

EX-99.1

Exhibit 99.1

CONTACT:

JAWAD CHAUDHRY,

EVP, CFO & TREASURER

(201) 823-0700

BCB Bancorp, Inc. Announces Results for the Third Quarter 2026;

Achieves Substantial Progress Towards Restructured Balance Sheet.

•

Successfully completed a $98.0 million equity capital raise through an underwritten public offering.

•

Maintained well-capitalized regulatory capital levels.

•

Reduced credit risk through the sale of $204.3 million of portfolios of certain problem loans.

•

Transferred an additional $100.9 million of loans to held-for-sale.

•

Enhanced Board oversight and governance with the addition of two new independent directors.

•

Further reorganization of C-Suite to align governance and executive

responsibilities.

BAYONNE, N.J., October 29, 2026 — BCB Bancorp, Inc. (the “Company”), (NASDAQ: BCBP), the holding company for BCB Community Bank (the “Bank”), today reported a net loss attributable to common stockholders of $132.5 million for the third quarter of 2026, compared to a net loss of $14.8 million in the second quarter of 2026, and net income of $3.8 million for the third quarter of 2025. The Company’s loss per diluted share for the third quarter was ($6.92) compared to a loss per diluted share of ($0.85) in the preceding quarter. The Company had earnings per share of $0.22 in the third quarter of 2025. The Company’s reported net loss attributable to common stockholders for the nine months ended September 30, 2026 was $142.8 million, compared to a net loss of $1.9 million for the nine months ended September 30, 2025. The Company’s loss per diluted share for the nine months ended September 30, 2026 was ($7.98) compared to a loss per diluted share of ($0.11) for the nine months ended September 30, 2025.

Executive Summary

•

Net interest margin was 3.03 percent for the third quarter of 2026, compared to 3.03 percent for the second quarter of 2026, and 2.88 percent for the third quarter of 2025.

•

Total yield on interest-earning assets was 5.14 percent for the third quarter of 2026, compared to

5.25 percent for the second quarter of 2026, and 5.23 percent for the third quarter of 2025.

•

Total cost of interest-bearing liabilities decreased 10 basis points to 2.77 percent for the third quarter

of 2026, compared to 2.87 percent for the second quarter of 2026, and decreased 29 basis points from 3.06 percent for the third quarter of 2025.

•

The efficiency ratio for the third quarter was 78.5 percent compared to 96.8 percent in the prior quarter, and 62.6 percent in the third quarter of 2025.

•

The annualized return on average assets ratio for the third quarter was (17.0) percent, compared to (1.83) percent in the prior quarter, and 0.50 percent in the third quarter of 2025.

•

The annualized return on average equity ratio for the third quarter was (172.7) percent, compared to (19.2) percent in the prior quarter, and 5.4 percent in the third quarter of 2025.

•

The provision for credit losses was $115.0 million in the third quarter of 2026 compared to $19.0 million for the second quarter of 2026. In the third quarter of 2025, the Bank recorded a provision of $4.1 million.

•

Total criticized and classified loans was $198.9 million in the third quarter compared to $367.4 million at June 30, 2026.

•

The allowance for credit losses on loans as a percentage of non-accrual

loans was 313.4 percent at September 30, 2026, compared to 73.5 percent for the prior quarter-end and 40.4 percent at September 30, 2025. Total non-accrual loans were $22.4 million at September 30, 2026, $61.2 million at June 30, 2026 and $93.5 million at September 30, 2025.

•

Total loans receivable, net of the allowance for credit losses on loans, of $2.180 billion at September 30, 2026, decreased from $2.588 billion at June 30, 2026.

•

Total deposits were $2.609 billion at September 30, 2026, compared to $2.636 billion at June 30, 2026.

•

The Bank’s leverage capital ratio at September 30, 2026 was 9.0% and the Company’s consolidated leverage capital ratio was 8.4%.

BCBP Reports Third Quarter 2026 Results

October 29, 2026

Page 2

The net loss for the third quarter of 2026 was primarily driven by a $115.0 million provision for credit losses and the $59.9 million in valuation allowance established against the Company’s deferred tax asset which is reflected in the calculation of our income tax provision for the quarter. The net charge-offs during the quarter totaled $89.7 million. As part of its strategy to meaningfully de-risk the balance sheet, the Bank completed a series of loan sales totaling $204.3 million of problem loans, the majority of which were risk-rated criticized or classified under the Bank’s internal risk rating system. The sold portfolio included commercial and multifamily real estate loans with an aggregate unpaid principal balance of approximately $179.7 million, commercial and industrial loans of approximately $14.6 million, and construction loans of app

EX-99.1

2 d155268dex991.htm

EX-99.1

EX-99.1

Exhibit 99.1

TRANSCRIPT

08 - 03 - 2026

BCB Bancorp (Q2 Earnings)

BCBP Second Quarter Earnings Call

TOTAL PAGES: 14

BCB Bancorp (Q2 Earnings)

BCBP Second Quarter Earnings Call

CORPORATE SPEAKERS:

Thomas O’Brien

BCB Bancorp, Inc.; President & Chief Executive Officer

Jawad Chaudhry

BCB Bancorp, Inc.; Chief Financial Officer

PARTICIPANTS:

Justin Crowley

Piper Sandler; Analyst

Christipher Marinac

Brean Capital; Analyst

David Konrad

KBW;

Analyst

Ross Haberman

Rlh Investments; Analyst

BCB Bancorp (Q2 Earnings)

BCBP Second Quarter Earnings Call

PRESENTATION:

Operator^ Thank you for standing by. And welcome to the BCB Bancorp, Inc. Second Quarter Earnings Conference Call.

All lines have been placed on mute to prevent any background noise. After the speaker’s remarks, there will be a question-and-answer session. (Operator Instructions)

I’d now like to turn the call over to our President and CEO, Thomas O’Brien.

You may begin.

Thomas O’Brien^ Great. Thank you. Good morning, everyone. And welcome to the Second Quarter call, my first 60 days here at the bank.

But before we begin, I need to encourage you to read in great, exquisite detail the forward-looking statements that are always attached to our earnings releases and enjoy those.

So anyhow, as you know, my first 60 days here, we are engaged in a major undertaking, but we’re making good progress. And consistent with what I said in my June 1 call, I think the schedule that I laid out of that tone continues to be what we operate under.

I’ll make the assumption for today’s call that we don’t want to spend a lot of time on the typical ratios and earnings per share and allow time for questions.

From my perspective, the highlights for the quarter concern a lot of the actions that you’re probably already aware but we did suspend the dividends on the common and the preferred shares to both the retain liquidity at the holding company and build capital at the bank.

In the quarter, the margin had a little uptick of about 8 basis points over 3% now.

You should note, I guess the loss included about $5.3 million related to goodwill write-off. That’s the only intangible on our balance sheet.

The tangible book value impacted by the loss in the quarter, and by the inclusion of the equity compensation that I received on joining, that’s earned over five years, but counted in the fully diluted shares on day one.

Some governance matters: the Board has determined to change the state of incorporation to Delaware, and thereby will also eliminate the staggered terms of office for directors. Both of these are designed to bring BCB into a more contemporary corporate structure.

BCB Bancorp (Q2 Earnings)

BCBP Second Quarter Earnings Call

The financial restructuring work is ongoing. Our goal is to have everything done and announced wrapped up in the third quarter. We’re taking a very critical look at each credit portfolio.

I’m sure you understand this level of transparency cannot be completed within 60 days.

But we have continued to work and make progress I’m sure you’ll want to ask about capital.

I can repeat what I said on June 1, that will always err on the side of keeping the bank well capitalized. That said, the bank continues to have a healthy capital base. The challenge, as I mentioned previously, is the absolute level of double leverage at the holding company.

The credit issues in the bank really seem to stem from a period beginning maybe in 2020 and probably terminating towards the end of ‘23 or very early ‘24. The growth at that time was just too aggressive, and we got into some businesses that we didn’t fully understand.

In these two months, we have worked to double-check risk ratings. And candidly, we’ve had some good surprises, a couple of negative ones, but on average, no huge changes. I can’t predict the third quarter at this time and I haven’t gone to the board with any capital recommendations or projections.

I do think we will be in a position to have some meaningful clarity around Labor Day, and again, consistent with what I said in my expectations that I outlined on June 1.

But the ultimate goal is to essentially cleanse the financial statements of the uncertainty that has existed for a few years.

As I said at the outset, it’s a major undertaking. We’ve got everybody in the bank working diligently on this, brought on a few consultants to help us with that process. And those of you that know me, you probably know some of the consultants that we brought in.

But we’re — again we’re making very good progress. We want to be as thorough and comprehensive as we possibly can to address this uncertainty and provide a clear path forward for going into the fourth quarter and, most importantly, for the calendar and fiscal year ‘27.

So with that, operator, probably best if we just take some questions here and start with those.

QUESTION & ANSWER:

Operator^ (Operator

Instructions) Your first ques

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