Overview

* BCB Bancorp ( BCBP ) reports Q2 net income of $3.6 mln, recovering from Q1 net loss

* Net interest margin for Q2 improves to 2.80% from 2.60% in Q2 2024

* Provision for credit losses in Q2 decreases to $4.9 mln from $20.8 mln in Q1 2025

Outlook

* Company remains positive on medium to long-term outlook despite short-term impacts

* BCB Bancorp ( BCBP ) addressing asset quality challenges aggressively

* Company sees increased credit risk in cannabis loan portfolio

* No specific revenue or EPS guidance provided for future quarters

Result Drivers

* NET INTEREST MARGIN - Expansion to 2.80% driven by decreased cost of interest-bearing liabilities

* CREDIT LOSS PROVISION - Significant reduction to $4.9 mln from $20.8 mln in Q1 2025

* ASSET QUALITY - Ongoing efforts to address asset quality challenges, supporting future profitability

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.18

Q2 Net $3.60

Income mln

Q2 $0.16

Dividend

Q2 Net 2.8%

Interest

Margin

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)