BCBP

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

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EX-99.1

2 d850963dex991.htm

EX-99.1

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 2

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