BCB Bancorp, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 25, 2024 at 04:16 pm EST
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BCB Bancorp, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 23.92 million compared to USD 30.18 million a year ago. Net income was USD 6.06 million compared to USD 12.07 million a year ago. Basic earnings per share from continuing operations was USD 0.35 compared to USD 0.7 a year ago. Diluted earnings per share from continuing operations was USD 0.35 compared to USD 0.69 a year ago.
For the full year, net interest income was USD 104.06 million compared to USD 113.95 million a year ago. Net income was USD 29.48 million compared to USD 45.58 million a year ago. Basic earnings per share from continuing operations was USD 1.71 compared to USD 2.64 a year ago. Diluted earnings per share from continuing operations was USD 1.7 compared to USD 2.58 a year ago.
BCB Bancorp, Inc. is a holding company of BCB Community Bank (the Bank). The Bank offers loans, including commercial and multi-family real estate loans, one-to-four family mortgage loans, commercial business loans, construction loans, home equity loans, and consumer loans. It also offers deposit products, including savings and club accounts, interest and non-interest-bearing demand accounts, money market accounts, certificates of deposit, and individual retirement accounts; and retail and commercial banking services, including wire transfers, money orders, safe deposit boxes, night depository, debit cards, online banking, mobile banking, fraud detection, and automated teller services. The Bank has 24 branches 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, as well as four branches in Staten Island and Hicksville, New York.
BCB BANCORP, INC. 
