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Tara L. French Elected to BCB Bancorp, Inc. and BCB Community Bank Boards of Directors

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星期四, 五月 2, 2024

Community Bank, Comptroller, BCB, BCBP, Retirement, Audit committee, Michael J. Hsu, Assistant

BAYONNE, N.J., May 02, 2024 (GLOBE NEWSWIRE) -- BCB Bancorp, Inc. (the “Company”), (NASDAQ: BCBP), the holding company for BCB Community Bank (the “Bank” or “BCB”), today announced the election of Tara L. French to the Board of Directors of both BCB Bancorp, Inc. and BCB Community Bank, effective immediately.

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BAYONNE, N.J., May 02, 2024 (GLOBE NEWSWIRE) -- BCB Bancorp, Inc. (the “Company”), (NASDAQ: BCBP), the holding company for BCB Community Bank (the “Bank” or “BCB”), today announced the election of Tara L. French to the Board of Directors of both BCB Bancorp, Inc. and BCB Community Bank, effective immediately.
Ms. French previously was an officer at Northfield Bank until her retirement in June 2023.
She joined Northfield in 2017 as the Chief Administrative Officer, and she was named Chief Risk Officer in September 2020.
“We are delighted to welcome Ms. French to our Boards of Directors and look forward to working with her as we pursue our mission to grow our franchise,” said Mr. Mark D. Hogan, Chairman of the Board.

BCB Bancorp, Inc. Earns $5.9 Million in First Quarter 2024; Reports $0.32 EPS and Declares Quarterly Cash Dividend of $0.16 Per Share

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星期五, 四月 19, 2024

Total, Community Bank, FHLB, BCB, BCBP, Bank, Video game

The Company also announced that its Board of Directors declared a regular quarterly cash dividend of $0.16 per share.

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The Company also announced that its Board of Directors declared a regular quarterly cash dividend of $0.16 per share.
The provision for credit losses was $2.1 million in the first quarter of 2024 compared to $1.9 million for the fourth quarter of 2023.
Total non-accrual loans were $22.2 million at March 31, 2024, $18.8 million at December 31, 2023 and $5.1 million at March 31, 2023.
Total cash and cash equivalents increased by $72.9 million, or 26.1 percent, to $352.4 million at March 31, 2024, from $279.5 million at December 31, 2023.

BCB Bancorp, Inc. Earns $6.1 Million in Fourth Quarter 2023; Reports $0.35 EPS and Declares Quarterly Cash Dividend of $0.16 Per Share

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星期四, 一月 25, 2024

Family, BCB, Total, BCBP, Bank, FHLB, Environment, Federal Home Loan Banks, Community Bank, MSB, Growth, Video game

Earnings per diluted share for the fourth quarter of 2023 were $0.35, compared to $0.39 in the preceding quarter and $0.69 in the fourth quarter of 2022.

Key Points:

Earnings per diluted share for the fourth quarter of 2023 were $0.35, compared to $0.39 in the preceding quarter and $0.69 in the fourth quarter of 2022.
The efficiency ratio for the fourth quarter was 61.0 percent compared to 57.1 percent in the prior quarter, and 51.3 percent in the fourth quarter of 2022.
The provision for credit losses was $1.9 million in the fourth quarter of 2023 compared to $2.2 million for the third quarter of 2023.
Non-interest income increased by $2.2 million to $3.2 million for the fourth quarter of 2023 from $1.1 million for the fourth quarter of 2022.

BCB Bancorp, Inc. Names Michael A. Shriner President and Chief Executive Officer

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星期四, 十二月 28, 2023

Bank, Acquisition, Business administration, BCB, University, Professional, MSB, Fairfield University, Community Bank, BCBP, Bachelor, Risk management, National school, Security (finance)

BAYONNE, N.J., Dec. 28, 2023 (GLOBE NEWSWIRE) -- BCB Bancorp, Inc. (the “Company”), (NASDAQ: BCBP), the holding company for BCB Community Bank (the “Bank” or “BCB”)), today announced that Michael A. Shriner has been named President and Chief Executive Officer of BCB Bancorp and BCB Community Bank, effective January 1, 2024.

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BAYONNE, N.J., Dec. 28, 2023 (GLOBE NEWSWIRE) -- BCB Bancorp, Inc. (the “Company”), (NASDAQ: BCBP), the holding company for BCB Community Bank (the “Bank” or “BCB”)), today announced that Michael A. Shriner has been named President and Chief Executive Officer of BCB Bancorp and BCB Community Bank, effective January 1, 2024.
Retiring President and Chief Executive Officer Thomas M. Coughlin, 63, will continue to serve on the Company’s Board of Directors.
Mr. Shriner, a 35-year veteran of banking, was formerly President and Chief Executive Officer of Millington, New Jersey-based MSB Financial Corp. and Millington Bank prior to being acquired by Kearny Bank.
Mr. Shriner joined Millington Bank in 1987 and held various commercial and corporate banking positions, including that of Chief Operating Officer and Board Member prior to his promotion to President and Chief Executive Officer in 2012.

BCB Bancorp, Inc. Earns $6.7 Million in Third Quarter 2023; Reports $0.39 EPS and Declares Quarterly Cash Dividend of $0.16 Per Share

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星期四, 十月 19, 2023

The Company announced that its Board of Directors declared a regular quarterly cash dividend of $0.16 per share.

Key Points:

The Company announced that its Board of Directors declared a regular quarterly cash dividend of $0.16 per share.
The provision for credit losses was $2.21 million in the third quarter of 2023 compared to $1.35 million for the second quarter and no provision for the third quarter of 2022.
The total non-accrual loans were $7.93 million at September 30, 2023, $5.70 million at June 30, 2023 and $8.51 million at September 30, 2022.
Total cash and cash equivalents increased by $22.5 million, or 9.8 percent, to $251.9 million at September 30, 2023, from $229.4 million at December 31, 2022.

BCB Bancorp, Inc. named to prestigious Piper Sandler Sm-All Stars Class of 2023

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星期五, 九月 29, 2023

Star, Piper Sandler Companies, BCBP, Growth, EPS, Bank, Rest

BCB Bancorp was one of only 31 banks and thrifts named to the list, eliminating 315 institutions, or 91% of banks and thrifts that trade on a major exchange.

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BCB Bancorp was one of only 31 banks and thrifts named to the list, eliminating 315 institutions, or 91% of banks and thrifts that trade on a major exchange.
BCB Bancorp has been named to the annual list for the fourth time and is the only bank headquartered in New Jersey on the list.
Piper Sandler evaluated approximately 350 publicly traded banks and thrifts with a market cap below $2.5 billion to identify the 31 small-cap depository institutions that stood out in the industry and comprise the Class of 2023.
The exceptional performance metrics achieved in these areas for the Sm-All Starts Class of 2023 easily exceeded industry medians.

BCB Bancorp, Inc. Earns $8.6 Million in Second Quarter 2023; Reports $0.50 EPS and Declares Quarterly Cash Dividend of $0.16 Per Share

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星期四, 七月 20, 2023

Borrowing base, FHLB, BCB, Federal Home Loan Banks, BCBP, Investment, CECL, Community Bank, Growth, Bank, ACL, Environment, Total, Video game, Cryptocurrency, Financial services, Life insurance, Insurance

Earnings per diluted share for the second quarter of 2023 were $0.50, compared to $0.46 in the preceding quarter and $0.58 in the second quarter of 2022.

Key Points:

Earnings per diluted share for the second quarter of 2023 were $0.50, compared to $0.46 in the preceding quarter and $0.58 in the second quarter of 2022.
Net interest margin was 2.92 percent for the second quarter of 2023, compared to 3.15 percent for the first quarter of 2023, and 3.74 percent for the second quarter of 2022.
The efficiency ratio for the second quarter was 52.3 percent compared to 53.7 percent in the prior quarter, and 47.6 percent in the second quarter of 2022.
Interest expense increased by $17.5 million to $20.2 million for the second quarter of 2023 from $2.7 million for the second quarter of 2022.

BCB Bancorp Announces Stock Repurchase Program

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星期二, 四月 25, 2023

Community Bank, BCB, BCBP, Cryptocurrency, Management

BAYONNE, N.J., April 25, 2023 (GLOBE NEWSWIRE) -- BCB Bancorp, Inc (BCBP) (the “Company”), (Nasdaq: BCBP), the holding company for BCB Community Bank (“the Bank”), announced today that its Board of Directors (the “Board”) has approved the Company to continue repurchasing shares of its issued and outstanding common stock through its active stock repurchase program, which was initially announced on October 17, 2022.

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BAYONNE, N.J., April 25, 2023 (GLOBE NEWSWIRE) -- BCB Bancorp, Inc (BCBP) (the “Company”), (Nasdaq: BCBP), the holding company for BCB Community Bank (“the Bank”), announced today that its Board of Directors (the “Board”) has approved the Company to continue repurchasing shares of its issued and outstanding common stock through its active stock repurchase program, which was initially announced on October 17, 2022.
“The Board is very confident in BCB’s future and believes that the recent market volatility provides for an opportune time to repurchase shares and increase overall shareholder value,” said Thomas Coughlin, President & CEO of BCB Bank.

BCB Bancorp, Inc. Earns $8.1 Million in First Quarter 2023; Reports $0.46 EPS and 6.1 Percent Net Loan Growth

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星期二, 四月 18, 2023

Debt obligations increased by $150.2 million to $570.0 million at March 31, 2023 from $419.8 million at December 31, 2022.

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Debt obligations increased by $150.2 million to $570.0 million at March 31, 2023 from $419.8 million at December 31, 2022.
Net income was $8.1 million for the first quarter ended March 31, 2023 and $10.0 million for the first quarter ended March 31, 2022.
During the first quarter of 2023, the Company recognized $48,000 in net recoveries, compared to $564,000 for the first quarter of 2022.
The provision for loan losses was $622,000 for the first quarter of 2023 compared to a credit for loan losses of $2.6 million for the first quarter of 2022.

Mark J. Noto Joins BCB Bank as New Chief Lending Officer & David Garcia Makes Lateral Move as Executive Vice President of BCB’s Newly Formed Subsidiary BCB Capital Group (BCG)

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星期一, 四月 17, 2023

David Garcia will make a lateral move to Executive Vice President (“EVP”) of BCB’s newly formed subsidiary, BCB Capital Group (“BCG”).

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David Garcia will make a lateral move to Executive Vice President (“EVP”) of BCB’s newly formed subsidiary, BCB Capital Group (“BCG”).
Noto and Garcia will report to BCB’s President and Chief Executive Officer, Thomas M. Coughlin, and Ryan Blake, BCB’s Senior Vice President and Chief Operating Officer (“COO”).
Most recently, Noto served as the Executive Vice President, Head of Commercial Banking for Investors Bank (Citizens Bank a/o April 6, 2022).
David Garcia will make the lateral move to spearhead BCB’s newly formed subsidiary, BCB Capital Group, as its EVP.