BAYONNE, N.J., Jan. 30, 2026 (GLOBE NEWSWIRE) -- BCB Bancorp, Inc. (the "Company"), (NASDAQ:BCBP), the holding company for BCB Community Bank (the "Bank"), today reported a net loss of $12.0 million for the fourth quarter of 2025, compared to net income of $4.3 million in the third quarter of 2025, and net income of $3.3 million for the fourth quarter of 2024. The Company's loss per diluted share for the fourth quarter was ($0.73) compared to earnings per diluted share of $0.22 in the preceding quarter and $0.16 in the fourth quarter of 2024.

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 February 26, 2026, to common shareholders of record on February 11, 2026.

"As previously noted in our Form 8-K filed on January 16, 2026, our fourth-quarter results reflect a $15.1 million pre-tax write-down on an isolated cannabis-related real estate owned (REO) property, as well as $16.3 million in additional net charge-offs, primarily within the Bank's C&I loan portfolio. Throughout 2025, management took decisive, proactive steps to address asset quality while simultaneously strengthening our capital position and liquidity profile. These actions have created a more resilient foundation and position us well as we enter 2026," said Michael Shriner, President and Chief Executive Officer of BCB Bank.

"In alignment with our commitment to prudent balance-sheet management, the Board of Directors has made the strategic decision to adjust our quarterly cash dividend to $0.08 per share. The Board continues to prioritize long-term shareholder value creation, focusing on improving earnings performance and disciplined capital allocation," added Mr. Shriner.

Executive Summary

Total deposits were $2.674 billion at December 31, 2025, compared to $2.687 billion at September 30, 2025.
Net interest margin increased to 3.03 percent for the fourth quarter of 2025, compared to 2.88 percent for the third quarter of 2025, and 2.53 percent for the fourth quarter of 2024.
- The total yield on our interest-earning assets was 5.32 percent for the fourth quarter of 2025, compared to 5.23 percent for the third quarter of 2025, and 5.33 percent for the fourth quarter of 2024.
- The total cost of our interest-bearing liabilities decreased 8 basis points to 2.98 percent for the fourth quarter of 2025, compared to 3.06 percent for the third quarter of 2025, and decreased 59 basis points from 3.57 percent for the fourth quarter of 2024.
The efficiency ratio for the fourth quarter was 120.0 percent compared to 62.6 percent in the prior quarter, and 62.1 percent in the fourth quarter of 2024.
The annualized return on average assets ratio for the fourth quarter was (1.44) percent, compared to 0.50 percent in the prior quarter, and 0.36 percent in the fourth quarter of 2024.
The annualized return on average equity ratio for the fourth quarter was (15.0) percent, compared to 5.4 percent in the prior quarter, and 4.0 percent in the fourth quarter of 2024.
The allowance for credit losses ("ACL") as a percentage of non-accrual loans was 53.3 percent at December 31, 2025, compared to 40.4 percent at the prior quarter-end and 77.8 percent at December 31, 2024. Total non-accrual loans were $63.3 million at December 31, 2025, $93.5 million at September 30, 2025, and $44.7 million at December 31, 2024. The sequential decline in non-accruals resulted primarily from the favorable resolution of non-accrual loans, underscoring management's disciplined approach to improving overall asset quality.
The provision for credit losses was $12.2 million in the fourth quarter of 2025 compared to $4.1 million for the third quarter of 2025. In the fourth quarter of 2024, the Bank recorded a provision for credit losses of $4.2 million.
Total loans receivable, net of the allowance for credit losses, of $2.691 billion at December 31, 2025, decreased from $2.996 billion at December 31, 2024.

Balance Sheet Review

Total assets decreased by $319.7 million, or 8.9 percent, to $3.279 billion at December 31, 2025, from $3.599 billion at December 31, 2024. This decrease is largely the result of a successful strategic initiative to enhance our capital ratios. The decrease in total assets was mainly driven by decreases in cash and cash equivalents and net loans.

Total cash and cash equivalents decreased by $40.7 million, or 12.8 percent, to $276.6 million at December 31, 2025, from $317.3 million at December 31, 2024. The decrease in cash was primarily due to the reduction of the Bank's exposure to wholesale funding by paying down higher cost brokered deposits and FHLB advances.

Loans receivable, net, decreased by $305.2 million, or 10.2 percent, to $2.691 billion at December 31, 2025, from $2.996 billion at December 31, 2024, due to loan sales, payoffs, paydowns and charge-offs. Total loan decreases during the period included decreases totaling $151.0 million in commercial real estate and multi-family loans, $90.6 in commercial business loans, $61.5 million in construction loans and $5.6 million in 1-4 family residential loans and home equity loans. The allowance for credit losses decreased $1.1 million to $33.7 million, or 53.3 percent of non-accruing loans and 1.24 percent of gross loans, at December 31, 2025, as compared to an allowance for credit losses of $34.8 million, or 77.8 percent of non-accruing loans and 1.15 percent of gross loans, at December 31, 2024.

Total investments increased by $24.4 million, or 21.9 percent, to $135.6 million at December 31, 2025, from $111.2 million at December 31, 2024, representing current year purchases, net of investments called during 2025.

Deposits decreased by $77.3 million, or 2.8 percent, to $2.674 billion at December 31, 2025, from $2.751 billion at December 31, 2024. Brokered deposits, transaction accounts and savings accounts decreased $97.1 million, $41.8 million and $8.8 million, respectively, and were offset by increases in money market accounts and certificate of deposit accounts which totaled $70.7 million.

Debt obligations decreased by $220.1 million to $278.2 million at December 31, 2025, from $498.3 million at December 31, 2024, due to maturities and paydowns of our FHLB advances. The weighted average interest rate of FHLB advances was 4.53 percent at December 31, 2025, and 4.35 percent at December 31, 2024. The weighted average maturity of FHLB advances as of December 31, 2025 was 0.46 years. The interest rate of our subordinated debt balances was 9.25 percent at December 31, 2025 and December 31, 2024.

Stockholders' equity decreased by $19.6 million, or 6.1 percent, to $304.3 million at December 31, 2025, from $323.9 million at December 31, 2024. The decrease was attributable to the decrease in retained earnings of $25.4 million, or 17.9 percent, to $116.4 million at December 31, 2025, from $141.9 million at December 31, 2024, caused largely by the $12.5 million net loss in 2025, due to additions to the allowance for credit losses and the $15.1 million (pre-tax) write down of the cannabis-related REO property. Offsetting this was a decrease in our accumulated other comprehensive loss and an increase in our additional paid in capital.

Fourth Quarter 2025 Income Statement Review

The Company reported a net loss of $12.0 million for the quarter ended December 31, 2025, compared to net income of $3.3 million for the quarter ended December 31, 2024. This decrease was due to a $15.1 million charge on an OREO property in the fourth quarter of 2025 and $8.0 million more in credit loss provisioning. This was offset by $6.7 million less in income tax provisioning and $2.0 million more in net interest income for the same period.

Interest income decreased by $4.1 million, or 8.8 percent, to $42.5 million for the fourth quarter of 2025 from $46.7 million for the fourth quarter of 2024. The average balance of interest-earning assets decreased $330.3 million, or 9.4 percent, to $3.172 billion for the fourth quarter of 2025 from $3.502 billion for the fourth quarter of 2024, while the average yield decreased 1 basis point to 5.32 percent for the fourth quarter of 2025 from 5.33 percent for the fourth quarter of 2024.

Interest expense decreased by $6.1 million to $18.3 million for the fourth quarter of 2025 from $24.5 million for the fourth quarter of 2024. The decrease resulted from a decrease in the average rate paid on interest-bearing liabilities of 59 basis points to 2.98 percent for the fourth quarter of 2025 from 3.57 percent for the fourth quarter of 2024, while the average balance of interest-bearing liabilities decreased by $307.3 million to $2.435 billion for the fourth quarter of 2025 from $2.743 billion for the fourth quarter of 2024.

The net interest margin increased to 3.03 percent for the fourth quarter of 2025 compared to 2.53 percent for the fourth quarter of 2024. The increase in the net interest margin compared to the fourth quarter of 2024 was the result of a decrease in the cost of interest-bearing liabilities, slightly offset by a decrease in the yield on interest-earning assets.

During the fourth quarter of 2025, the Company recognized $16.3 million in net charge-offs compared to $4.1 million in net charge-offs in the fourth quarter of 2024. In the fourth quarter of 2025, the net charge-offs primarily related to the Bank's C&I loan portfolio. The largest of these charge-offs was a $6.4 million C&I loan, and $1.4 million of these net charge-offs were attributable to the Bank's Business Express loans. The Bank had non-accrual loans totaling $63.3 million, or 2.32 percent of gross loans, at December 31, 2025, as compared to $44.7 million, or 1.48 percent of gross loans, at December 31, 2024. The allowance for credit losses on loans was $33.7 million, or 1.24 percent of gross loans, at December 31, 2025, and $34.8 million, or 1.15 percent of gross loans, at December 31, 2024. The provision for credit losses was $12.2 million for the fourth quarter of 2025 compared to $4.2 million for the fourth quarter of 2024. Management believes that the allowance for credit losses on loans was adequate at December 31, 2025, and December 31, 2024.

Non-interest income increased by $1.0 million to $1.9 million for the fourth quarter of 2025 from $938 thousand in the fourth quarter of 2024. The increase in total non-interest income was mainly related to a $562 thousand increase in gains on sale of loans as prior year included $554 thousand of losses on loan sales, an increase in BOLI income of $365 thousand, and less realized and unrealized losses on equity investments of $234 thousand.

Non-interest expense increased by $17.0 million, or 118.5 percent, to $31.4 million for the fourth quarter of 2025 compared to non-interest expense of $14.4 million for the fourth quarter of 2024. The increase in these expenses for the fourth quarter of 2025 was primarily driven by REO property expenses of $15.1 million recorded in the fourth quarter of 2025 tied to the write-down of the cannabis-related REO property. Salaries and employee benefits, professional fees, advertising and promotions and data processing costs increased $843 thousand, $235 thousand, $234 thousand and $228 thousand, respectively.

The income tax provision decreased by $6.7 million, to an income tax benefit of $5.4 million for the fourth quarter of 2025 when compared to a $1.3 million provision for the fourth quarter of 2024.

Year-to-Date Income Statement Review

Net income decreased by $31.2 million to a net loss of $12.5 million for the twelve months ended December 31, 2025, from earnings of $18.6 million for the twelve months ended December 31, 2024. The decrease in net income was driven primarily by provisioning for loan loss expense being $30.4 million higher and non-interest expense being $20.8 million higher. This was offset by the tax provision being $13.4 million lower, non-interest income being $5.6 million higher, and the net interest income being $1.0 million higher.

Net interest income was $1.0 million higher as interest expense decreased by $22.1 million, or 21.6 percent, to $79.9 million for the twelve months ended December 31, 2025, from $102.0 million for the twelve months ended December 31, 2024. Offsetting the decrease in interest expense, interest income decreased by $21.1 million, or 10.9 percent, to $173.0 million for 2025, from $194.0 million for 2024. The average balance of interest-earning assets decreased $308.5 million, or 8.6 percent, to $3.296 billion at December 31, 2025, from $3.605 billion at December 31, 2024. The average yield decreased 13 basis points to 5.25 percent from 5.38 percent when comparing the twelve months ended December 31, 2025, with the twelve months ended December 31, 2024. The decrease in interest earning assets was primarily a result of loans and interest-bearing bank balances declining, on average, $298.6 million and $38.8 million, respectively. This was offset by an increase in average investment securities of $28.9 million.

Net interest margin increased to 2.82 percent for the twelve months ended December 31, 2025, compared to 2.55 percent for the twelve months ended December 31, 2024. The increase in the net interest margin compared to the prior period was the result of a decrease in the cost of the Company's interest-bearing liabilities by 43 basis points to 3.14 percent. Offsetting that, somewhat, was a decrease in the rate earned on earning assets, which decreased 13 basis points to 5.25 percent.

During the twelve months ended December 31, 2025, the Company experienced $43.1 million in net charge-offs compared to $10.4 million in net charge-offs for the twelve months ended December 31, 2024. The elevated net charge -offs were partly driven by the $12.7 million of net charge-off recorded in connection with the elimination of previously established specific reserves for a cannabis-related relationship as disclosed in a third quarter press release. Additionally, the Bank recorded higher net charge-offs in the C&I portfolio of $29.2 million of which $9.8 million were related to the Bank's Business Express loans. The provision for credit losses increased from $11.6 million for the twelve months ended December 31, 2024, to $42.0 million for the twelve months ended December 31, 2025.

Non-interest income increased by $5.6 million to $8.6 million for the twelve months ended December 31, 2025, from $2.9 million for the twelve months ended December 31, 2024. In 2024, the Bank recorded a loss on sale of loans of $5.3 million. BOLI and fees and service charges also increased $692 thousand and $245 thousand in 2025. Offsetting this was a decrease in 2025 on realized and unrealized losses and gains on equity investments of $679 thousand.

Non-interest expense increased by $20.8 million, or 36.3 percent, to $77.9 million for the twelve months ended December 31, 2025, from $57.1 million for the twelve months ended December 31, 2024. The increase in operating expenses for 2025 was driven primarily by the Bank recording a one-time $15.1 million expense on the previously disclosed cannabis-related REO property in the fourth quarter of 2025 and salaries and employee benefits increasing $3.2 million for the twelve months ended December 31, 2025, compared to the same period in 2024. Data processing costs also increased $959 thousand when comparing the twelve months ended December 31, 2025 with the same period one year earlier.

The income tax provision decreased by $13.4 million to an income tax benefit of $5.8 million for the twelve months ended December 31, 2025 when compared to a $7.6 million provision for the twelve month period ended December 31, 2024.

Asset Quality

During the fourth quarter of 2025, the Company recognized $16.3 million in net charge offs, compared to $4.1 million in net charge-offs for the fourth quarter of 2024. The Company also took a $15.1 million pre-tax write-down on an isolated cannabis-related real estate owned (REO) property during the fourth quarter.

The Bank had non-accrual loans totaling $63.3 million, or 2.32 percent of gross loans, at December 31, 2025, as compared to $44.7 million, or 1.48 percent of gross loans, at December 31, 2024. The allowance for credit losses was $33.7 million, or 1.24 percent of gross loans, at December 31, 2025, and $34.8 million, or 1.15 percent of gross loans, at December 31, 2024. The allowance for credit losses was 53.3 percent of non-accrual loans at December 31, 2025, and 77.8 percent of non-accrual loans at December 31, 2024.

About BCB Bancorp, Inc.

Established in 2000 and headquartered in Bayonne, N.J., BCB Community Bank is the wholly-owned subsidiary of BCB Bancorp, Inc. (NASDAQ:BCBP). The Bank has twenty-three branch offices in Bayonne, Edison, Hoboken, Fairfield, Holmdel, Jersey City, Lyndhurst, Maplewood, Monroe Township, Newark, Parsippany, Plainsboro, River Edge, Rutherford, South Orange, Union, and Woodbridge, New Jersey, and four branches in Hicksville and Staten Island, New York. The Bank provides businesses and individuals a wide range of loans, deposit products, and retail and commercial banking services. For more information, please go to www.bcb.bank.

Forward-Looking Statements

This release, like many written and oral communications presented by BCB Bancorp, Inc., and our authorized officers, may contain certain forward-looking statements regarding our prospective performance and strategies within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and are including this statement for purposes of said safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations of the Company, are generally identified by use of words "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "seek," "strive," "try," or future or conditional verbs such as "could," "may," "should," "will," "would," or similar expressions. Our ability to predict results or the actual effects of our plans or strategies is inherently uncertain. Accordingly, actual results may differ materially from anticipated results.

The most significant factors that could cause future results to differ materially from those anticipated by our forward-looking statements include the potential impact of another Federal budget stalemate in Congress, global tariffs imposed by the Trump administration, higher inflation levels, and general economic concerns, all of which could impact economic growth and could cause increased loan delinquencies, a reduction in financial transactions and business activities, including decreased deposits and reduced loan originations. Other factors that could cause future results to vary materially from current management expectations as reflected in our forward-looking statements include, but are not limited to: our ability to manage liquidity and capital in a rapidly changing and unpredictable market, supply chain disruptions, labor shortages, the global impact of the military conflicts in the Ukraine and the Middle East; unfavorable economic conditions in the United States generally and particularly in our primary market area; the Company's ability to effectively attract and deploy deposits; changes in the Company's corporate strategies, the composition of its assets, or the way in which it funds those assets; shifts in investor sentiment or behavior in the securities, capital, or other financial markets, including changes in market liquidity or volatility; the effects of declines in real estate values that may adversely impact the collateral underlying our loans; increase in unemployment levels and slowdowns in economic growth; our level of non-performing assets and the costs associated with resolving any problem loans including litigation and other costs; the impact of changes in interest rates and the credit quality and strength of underlying collateral and the effect of such changes on the market value of our loan and investment securities portfolios; the credit risk associated with our loan portfolio; changes in the quality and composition of the Bank's loan and investment portfolios; changes in our ability to access cost-effective funding; deposit flows; legislative and regulatory changes, including increases in Federal Deposit Insurance Corporation, or FDIC, insurance rates; monetary and fiscal policies of the federal and state governments; changes in tax policies, rates and regulations of federal, state and local tax authorities; demands for our loan products; demand for financial services; competition; changes in the securities or secondary mortgage markets; changes in management's business strategies; changes in consumer spending; our ability to hire and retain key employees; the effects of any reputational, credit, interest rate, market, operational, legal, liquidity, or regulatory risk; expanding regulatory requirements which could adversely affect operating results; civil unrest in the communities that we serve; and other factors discussed elsewhere in this report, and in other reports we filed with the SEC, including under "Risk Factors" in Part I, Item 1A of our Annual Report on Form 10-K filed for the year ended December 31, 2024, and our other periodic reports that we file with the SEC.

Annualized, pro forma, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results.

Explanation of Non-GAAP Financial Measures

Reported amounts are presented in accordance with accounting principles generally accepted in the United States of America ("GAAP"). This press release also contains certain supplemental Non-GAAP information that the Company's management uses in its analysis of the Company's financial results. The Company's management believes that providing this information to analysts and investors allows them to better understand and evaluate the Company's financial results for the periods in question.

The Company provides measurements and ratios based on tangible stockholders' equity and efficiency ratios. These measures are utilized by regulators and market analysts to evaluate a company's financial condition and, therefore, the Company's management believes that such information is useful to investors. For a reconciliation of GAAP to Non-GAAP financial measures included in this press release, see "Reconciliation of GAAP to Non-GAAP Financial Measures" below.

	Statements of Operations - Three Months Ended,
	December 31, 2025			September 30, 2025		December 31, 2024			December 31, 2025 vs. September 30, 2025		December 31, 2025 vs. December 31, 2024
Interest and dividend income:	(In thousands, except per share amounts, Unaudited)
Loans, including fees	$	38,344		$	38,278	$	41,431		0.2	%	-7.5	%
Mortgage-backed securities		772			843		473		-8.4	%	63.2	%
Other investment securities		914			1,114		978		-18.0	%	-6.5	%
FHLB stock and other interest-earning assets		2,514			2,807		3,771		-10.4	%	-33.3	%
Total interest and dividend income		42,544			43,042		46,653		-1.2	%	-8.8	%

Interest expense:
Deposits:
Demand		5,196			5,608		5,866		-7.3	%	-11.4	%
Savings and club		213			233		156		-8.6	%	36.5	%
Certificates of deposit		9,125			9,445		12,218		-3.4	%	-25.3	%
		14,534			15,286		18,240		-4.9	%	-20.3	%
Borrowings		3,787			4,045		6,219		-6.4	%	-39.1	%
Total interest expense		18,321			19,331		24,459		-5.2	%	-25.1	%

Net interest income		24,223			23,711		22,194		2.2	%	9.1	%
Provision for credit losses		12,195			4,080		4,154		198.9	%	193.6	%

Net interest income after provision for credit losses		12,028			19,631		18,040		-38.7	%	-33.3	%

Non-interest income income :
Fees and service charges		1,173			1,311		1,187		-10.5	%	-1.2	%
Gain (loss) on sales of loans		8			21		(554	)	0.0	%	-101.4	%
Realized and unrealized (loss) gain on equity investments		(427	)		350		(661	)	-222.0	%	-35.4	%
Bank-owned life insurance ("BOLI") income		1,001			931		636		7.5	%	57.4	%
Other		188			132		330		42.4	%	-43.0	%
Total non-interest income		1,943			2,745		938		-29.2	%	107.1	%

Non-interest expense:
Salaries and employee benefits		7,960			8,324		7,117		-4.4	%	11.8	%
Occupancy and equipment		2,617			2,562		2,483		2.1	%	5.4	%
Data processing and communications		1,982			2,047		1,754		-3.2	%	13.0	%
Professional fees		834			800		599		4.3	%	39.2	%
Director fees		315			305		269		3.3	%	17.1	%
Regulatory assessment fees		790			984		769		-19.7	%	2.7	%
Advertising and promotions		446			284		212		57.0	%	110.4	%
Other real estate owned, net		15,077			-		-		0.0	%	0.0	%
Other		1,364			1,264		1,164		7.9	%	17.2	%
Total non-interest expense		31,385			16,570		14,367		89.4	%	118.5	%

(Loss) Income before income tax (benefit) provision		(17,414	)		5,806		4,611		-399.9	%	-477.7	%
Income tax (benefit) provision		(5,385	)		1,544		1,339		-448.8	%	-502.2	%

Net (Loss) Income		(12,029	)		4,262		3,272		-382.2	%	-467.6	%
Preferred stock dividends		482			482		475		0.0	%	1.6	%
Net (Loss) Income available to common stockholders	$	(12,511	)	$	3,780	$	2,797		-431.0	%	-547.3	%

Net (Loss) Income per common share-basic and diluted
Basic	$	(0.73	)	$	0.22	$	0.16		-430.2	%	-542.3	%
Diluted	$	(0.73	)	$	0.22	$	0.16		-430.2	%	-543.6	%

Weighted average number of common shares outstanding
Basic		17,249			17,207		17,056		0.2	%	1.1	%
Diluted		17,249			17,207		17,108		0.2	%	0.8	%

	Statements of Operations - Twelve Months Ended,
	December 31, 2025			December 31, 2024			December 31, 2025 vs. December 31, 2024
Interest and dividend income:	(In thousands, except per share amounts, Unaudited)
Loans, including fees	$	154,199		$	172,046		-10.4	%
Mortgage-backed securities		2,941			1,378		113.4	%
Other investment securities		4,053			3,953		2.5	%
FHLB stock and other interest-earning assets		11,766			16,632		-29.3	%
Total interest and dividend income		172,959			194,009		-10.9	%

Interest expense:
Deposits:
Demand		21,806			22,158		-1.6	%
Savings and club		814			620		31.3	%
Certificates of deposit		38,502			55,442		-30.6	%
		61,122			78,220		-21.9	%
Borrowings		18,796			23,768		-20.9	%
Total interest expense		79,918			101,988		-21.6	%

Net interest income		93,041			92,021		1.1	%
Provision for credit losses		42,011			11,570		263.1	%

Net interest income after provision for credit losses		51,030			80,451		-36.6	%

Non-interest income :
Fees and service charges		4,962			4,717		5.2	%
Gain (loss) on sales of loans		29			(5,325	)	-100.5	%
Realized and unrealized gain (loss) on equity investments		(300	)		379		-179.2	%
Bank-owned life insurance ("BOLI") income		3,326			2,634		26.3	%
Other		538			535		0.6	%
Total non-interest income		8,555			2,940		191.0	%

Non-interest expense:
Salaries and employee benefits		31,400			28,229		11.2	%
Occupancy and equipment		10,404			10,247		1.5	%
Data processing and communications		7,919			6,960		13.8	%
Professional fees		3,093			2,416		28.0	%
Director fees		1,351			1,151		17.4	%
Regulatory assessments		3,287			3,530		-6.9	%
Advertising and promotions		1,125			863		30.4	%
Other real estate owned, net		15,077			-		0.0	%
Other		4,227			3,725		13.5	%
Total non-interest expense		77,883			57,121		36.3	%

(Loss) Income before income tax (benefit) provision		(18,298	)		26,270		-169.7	%
Income tax (benefit) provision		(5,771	)		7,647		-175.5	%

Net (Loss) Income		(12,527	)		18,623		-167.3	%
Preferred stock dividends		1,929			1,832		5.3	%
Net (Loss) Income available to common stockholders	$	(14,456	)	$	16,791		-186.1	%

Net (Loss) Income per common share-basic and diluted
Basic	$	(0.84	)	$	0.99		-185.2	%
Diluted	$	(0.84	)	$	0.99		-185.2	%

Weighted average number of common shares outstanding
Basic		17,186			17,007		1.1	%
Diluted		17,186			17,018		1.0	%

Statements of Financial Condition	December 31, 2025			September 30, 2025			December 31,2024			December 31, 2025 vs. September 30, 2025		December 31, 2025 vs. December 31, 2024
ASSETS	(In Thousands, Unaudited)
Cash and amounts due from depository institutions	$	13,794		$	13,090		$	14,075		5.4	%	-2.0	%
Interest-earning deposits		262,790			236,524			303,207		11.1	%	-13.3	%
Total cash and cash equivalents		276,584			249,614			317,282		10.8	%	-12.8	%

Interest-earning time deposits		735			735			735		-		-
Debt securities available for sale		126,395			115,693			101,717		9.3	%	24.3	%
Equity investments		9,172			9,599			9,472		-4.4	%	-3.2	%
Loans receivable, net of allowance for credit losses on loans
of $33,691, $37,803 and $34,789, respectively		2,691,091			2,788,932			2,996,259		-3.5	%	-10.2	%
Federal Home Loan Bank of New York ("FHLB") stock, at cost		14,176			16,281			24,272		-12.9	%	-41.6	%
Premises and equipment, net		12,056			12,139			12,569		-0.7	%	-4.1	%
Accrued interest receivable		13,834			15,800			15,176		-12.4	%	-8.8	%
Other real estate owned		5,000			20,077			-		-		-
Deferred income taxes		22,209			21,544			17,181		3.1	%	29.3	%
Goodwill		5,253			5,253			5,253		0.0	%	0.0	%
Operating lease right-of-use asset		10,660			11,257			12,686		-5.3	%	-16.0	%
Bank-owned life insurance ("BOLI")		79,366			78,365			76,040		1.3	%	4.4	%
Other assets		12,935			7,776			10,476		66.3	%	23.5	%
Total Assets	$	3,279,466		$	3,353,065		$	3,599,118		-2.2	%	-8.9	%

LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES
Non-interest bearing deposits	$	531,140		$	536,908		$	520,387		-1.1	%	2.1	%
Interest bearing deposits		2,142,433			2,150,479			2,230,471		-0.4	%	-3.9	%
Total deposits		2,673,573			2,687,387			2,750,858		-0.5	%	-2.8	%
FHLB advances		235,000			280,774			455,361		-16.3	%	-48.4	%
Subordinated debentures		43,210			43,148			42,961		0.1	%	0.6	%
Operating lease liability		11,140			11,737			13,139		-5.1	%	-15.2	%
Other liabilities		12,259			11,566			12,874		6.0	%	-4.8	%
Total Liabilities		2,975,182			3,034,612			3,275,193		-2.0	%	-9.2	%

STOCKHOLDERS' EQUITY
Preferred stock: $0.01 par value, 10,000 shares authorized		-			-			-		-		-
Additional paid-in capital preferred stock		25,243			25,243			24,723		0.0	%	2.1	%
Common stock: no par value, 40,000 shares authorized		-			-			-		-		-
Additional paid-in capital common stock		203,429			202,843			200,935		0.3	%	1.2	%
Retained earnings		116,415			131,670			141,853		-11.6	%	-17.9	%
Accumulated other comprehensive loss		(2,456	)		(2,956	)		(5,239	)	-16.9	%	-53.1	%
Treasury stock, at cost		(38,347	)		(38,347	)		(38,347	)	0.0	%	0.0	%
Total Stockholders' Equity		304,284			318,453			323,925		-4.4	%	-6.1	%

Total Liabilities and Stockholders' Equity	$	3,279,466		$	3,353,065		$	3,599,118		-2.2	%	-8.9	%

Outstanding common shares		17,274			17,228			17,063

	Three Months Ended December 31,
		2025						2024
	Average Balance		Interest Earned/Paid		Average Yield/Rate (3)		Average Balance		Interest Earned/Paid		Average Yield/Rate (3)
	(Dollars in thousands)
Interest-earning assets:
Loans Receivable ⁽⁴⁾⁽⁵⁾	$	2,786,127	$	38,344	5.46	%	$	3,081,846	$	41,431	5.38	%
Investment Securities		129,003		1,686	5.23	%		110,447		1,451	5.26	%
Other Interest-earning assets ⁽⁶⁾		256,717		2,514	3.89	%		309,804		3,771	4.87	%
Total Interest-earning assets		3,171,847		42,544	5.32	%		3,502,097		46,653	5.33	%
Non-interest-earning assets		142,769						124,554
Total assets	$	3,314,616					$	3,626,651
Interest-bearing liabilities:
Interest-bearing demand accounts	$	494,924	$	1,947	1.56	%	$	551,971	$	2,682	1.94	%
Money market accounts		418,341		3,249	3.08	%		380,136		3,184	3.35	%
Savings accounts		251,139		213	0.34	%		254,093		156	0.25	%
Certificates of Deposit		979,743		9,125	3.70	%		1,048,341		12,218	4.66	%
Total interest-bearing deposits		2,144,147		14,534	2.69	%		2,234,541		18,240	3.27	%
Borrowed funds		291,161		3,787	5.16	%		508,113		6,219	4.90	%
Total interest-bearing liabilities		2,435,308		18,321	2.98	%		2,742,654		24,459	3.57	%
Non-interest-bearing liabilities		560,936						560,345
Total liabilities		2,996,244						3,302,999
Stockholders' equity		318,372						323,652
Total liabilities and stockholders' equity	$	3,314,616					$	3,626,651
Net interest income			$	24,223					$	22,194
Net interest rate spread⁽¹⁾					2.34	%					1.76	%
Net interest margin⁽²⁾					3.03	%					2.53	%

(1) Net interest rate spread represents the difference between the average yield on average interest-earning assets and the average cost of average interest-bearing liabilities.
(2) Net interest margin represents net interest income divided by average total interest-earning assets.
(3) Annualized.
(4) Excludes allowance for credit losses.
(5) Includes non-accrual loans.
(6) Includes Federal Home Loan Bank of New York Stock.

	Year Ended December 31,
		2025						2024
	Average Balance		Interest Earned/Paid		Average Yield/Rate (3)		Average Balance		Interest Earned/Paid		Average Yield/Rate (3)
	(Dollars in thousands)
Interest-earning assets:
Loans Receivable ⁽⁴⁾⁽⁵⁾	$	2,897,957	$	154,199	5.32	%	$	3,196,538	$	172,046	5.38	%
Investment Securities		128,680		6,994	5.44	%		99,733		5,331	5.35	%
Other interest-earning assets ⁽⁶⁾		269,403		11,766	4.37	%		308,248		16,632	5.40	%
Total Interest-earning assets		3,296,040		172,959	5.25	%		3,604,519		194,009	5.38	%
Non-interest-earning assets		124,310						124,441
Total assets	$	3,420,350					$	3,728,960
Interest-bearing liabilities:
Interest-bearing demand accounts	$	522,139	$	8,602	1.65	%	$	553,013	$	9,701	1.75	%
Money market accounts		416,002		13,204	3.17	%		372,205		12,457	3.35	%
Savings accounts		255,062		814	0.32	%		264,430		620	0.23	%
Certificates of Deposit		971,213		38,502	3.96	%		1,153,235		55,442	4.81	%
Total interest-bearing deposits		2,164,416		61,122	2.82	%		2,342,883		78,220	3.34	%
Borrowed funds		382,390		18,796	4.92	%		511,916		23,768	4.64	%
Total interest-bearing liabilities		2,546,806		79,918	3.14	%		2,854,799		101,988	3.57	%
Non-interest-bearing liabilities		555,324						554,037
Total liabilities		3,102,130						3,408,836
Stockholders' equity		318,220						320,124
Total liabilities and stockholders' equity	$	3,420,350					$	3,728,960
Net interest income			$	93,041					$	92,021
Net interest rate spread⁽¹⁾					2.11	%					1.81	%
Net interest margin⁽²⁾					2.82	%					2.55	%

(1) Net interest rate spread represents the difference between the average yield on average interest-earning assets and the average cost of average interest-bearing liabilities.
(2) Net interest margin represents net interest income divided by average total interest-earning assets.
(3) Annualized.
(4) Excludes allowance for credit losses.
(5) Includes non-accrual loans.
(6) Includes Federal Home Loan Bank of New York Stock.

	Financial Condition data by quarter
	Q4 2025			Q3 2025			Q2 2025			Q1 2025			Q4 2024

	(In thousands, except book values)
Total assets	$	3,279,466		$	3,353,065		$	3,380,461		$	3,473,822		$	3,599,118
Cash and cash equivalents		276,584			249,614			206,852			252,750			317,282
Securities		135,567			125,292			140,025			125,853			111,189
Loans receivable, net		2,691,091			2,788,932			2,860,453			2,917,610			2,996,259
Deposits		2,673,573			2,687,387			2,661,534			2,686,508			2,750,858
Borrowings		278,210			323,922			378,722			448,523			498,322
Stockholders' equity		304,284			318,453			315,735			314,722			323,925
Book value per common share¹	$	16.15		$	17.02		$	16.89		$	16.87		$	17.54
Tangible book value per common share²	$	15.85		$	16.71		$	16.59		$	16.56		$	17.23

	Operating data by quarter
	Q4 2025			Q3 2025			Q2 2025			Q1 2025			Q4 2024
	(In thousands, except for per share amounts)
Net interest income	$	24,223		$	23,711		$	23,102		$	22,005		$	22,194
Provision for credit losses		12,195			4,080			4,891			20,845			4,154
Non-interest income		1,943			2,745			2,076			1,791			938
Non-interest expense		31,385			16,570			15,268			14,660			14,367
Income tax expense (benefit)		(5,385	)		1,544			1,455			(3,385	)		1,339
Net income (loss)	$	(12,029	)	$	4,262		$	3,564		$	(8,324	)	$	3,272
Net income (loss) per diluted share	$	(0.73	)	$	0.22		$	0.18		$	(0.51	)	$	0.16
Common Dividends declared per share	$	0.08		$	0.16		$	0.16		$	0.16		$	0.16

	Financial Ratios(3)
	Q4 2025			Q3 2025			Q2 2025			Q1 2025			Q4 2024
Return on average assets		(1.44	%)		0.50	%		0.42	%		(0.95	%)		0.36	%
Return on average stockholders' equity		(14.99	%)		5.35	%		4.55	%		(10.40	%)		4.04	%
Net interest margin		3.03	%		2.88	%		2.80	%		2.59	%		2.53	%
Stockholders' equity to total assets		9.28	%		9.50	%		9.34	%		9.06	%		9.00	%
Efficiency Ratio⁴		119.95	%		62.63	%		60.64	%		61.61	%		62.11	%

	Asset Quality Ratios
	Q4 2025			Q3 2025			Q2 2025			Q1 2025			Q4 2024
	(In thousands, except for ratio %)
Non-Accrual Loans	$	63,255		$	93,517		$	101,764		$	99,833		$	44,708
Non-Accrual Loans as a % of Total Loans		2.32	%		3.31	%		3.50	%		3.36	%		1.48	%
ACL as % of Non-Accrual Loans		53.3	%		40.4	%		49.8	%		51.6	%		77.8	%
Individually Analyzed Loans		162,226			129,358			153,428			122,517			83,399
Classified Loans		188,876			228,255			266,847			251,989			152,714

(1) Calculated by dividing stockholders' equity, less preferred equity, to shares outstanding.
(2) Calculated by dividing tangible stockholders' common equity, a non-GAAP measure, by shares outstanding. Tangible stockholders'
common equity is stockholders' equity less goodwill and preferred stock. See "Reconciliation of GAAP to Non-GAAP Financial Measures by quarter."
(3) Ratios are presented on an annualized basis, where appropriate.
(4) The Efficiency Ratio, a non-GAAP measure, was calculated by dividing non-interest expense by the total of net interest income
and non-interest income. See "Reconciliation of GAAP to Non-GAAP Financial Measures by quarter."

	Recorded Investment in Loans Receivable by quarter
	Q4 2025			Q3 2025			Q2 2025			Q1 2025			Q4 2024
	(In thousands)
Residential one-to-four family	$	226,708		$	227,140		$	230,917		$	232,456		$	239,870
Commercial and multi-family		2,095,711			2,135,385			2,177,268			2,221,218			2,246,677
Construction		73,963			110,824			116,214			118,779			135,434
Commercial business		252,229			279,976			315,333			330,358			342,799
Home equity		74,332			73,566			71,587			66,479			66,769
Consumer		3,580			2,042			2,075			2,271			2,235
	$	2,726,523		$	2,828,933		$	2,913,394		$	2,971,561		$	3,033,784
Less:
Deferred loan fees, net		(1,741	)		(2,198	)		(2,283	)		(2,467	)		(2,736	)
Allowance for credit losses		(33,691	)		(37,803	)		(50,658	)		(51,484	)		(34,789	)

Total loans, net	$	2,691,091		$	2,788,932		$	2,860,453		$	2,917,610		$	2,996,259

	Non-Accruing Loans in Portfolio by quarter
	Q4 2025			Q3 2025			Q2 2025			Q1 2025			Q4 2024
	(In thousands)
Residential one-to-four family	$	1,554		$	1,410		$	1,436		$	1,138		$	1,387
Commercial and multi-family		52,159			70,546			91,480			89,296			32,974
Construction		4,897			2,310			586			586			586
Commercial business		4,351			18,777			7,769			8,374			9,530
Home equity		294			474			493			439			231
Consumer		-			-			-			-			-
Total:	$	63,255		$	93,517		$	101,764		$	99,833		$	44,708

	Distribution of Deposits by quarter
	Q4 2025			Q3 2025			Q2 2025			Q1 2025			Q4 2024
	(In thousands)
Demand:
Non-Interest Bearing	$	531,140		$	536,908		$	539,093		$	542,620		$	520,387
Interest Bearing		501,172			477,427			503,336			537,468			553,731
Money Market		426,138			422,424			428,397			405,793			395,004
Sub-total:	$	1,458,450		$	1,436,759		$	1,470,826		$	1,485,881		$	1,469,122
Savings and Club		243,670			254,554			258,585			254,732			252,491
Certificates of Deposit		971,453			996,074			932,123			945,895			1,029,245
Total Deposits:	$	2,673,573		$	2,687,387		$	2,661,534		$	2,686,508		$	2,750,858

	Reconciliation of GAAP to Non-GAAP Financial Measures by quarter

	Tangible Book Value per Share
	Q4 2025			Q3 2025			Q2 2025			Q1 2025			Q4 2024
	(In thousands, except per share amounts)
Total Stockholders' Equity	$	304,284		$	318,453		$	315,735		$	314,722		$	323,925
Less: goodwill		5,253			5,253			5,253			5,253			5,253
Less: preferred stock		25,243			25,243			25,243			25,243			24,723
Total tangible common stockholders' equity		273,788			287,957			285,239			284,226			293,949
Shares common shares outstanding		17,274			17,228			17,194			17,163			17,063
Book value per common share	$	16.15		$	17.02		$	16.89		$	16.87		$	17.54
Tangible book value per common share	$	15.85		$	16.71		$	16.59		$	16.56		$	17.23

	Efficiency Ratios
	Q4 2025			Q3 2025			Q2 2025			Q1 2025			Q4 2024
	(In thousands, except for ratio %)
Net interest income	$	24,223		$	23,711		$	23,102		$	22,005		$	22,194
Non-interest income		1,943			2,745			2,076			1,791			938
Total income		26,166			26,456			25,178			23,796			23,132
Non-interest expense		31,385			16,570			15,268			14,660			14,367
Efficiency Ratio		119.95	%		62.63	%		60.64	%		61.61	%		62.11	%

Contact: Michael Shriner,

President & CEO

Jawad Chaudhry,

EVP, CFO & Treasurer

(201) 823-0700

BCB Bancorp, Inc. Reports Net Loss of $12.0 Million in Fourth Quarter 2025