BCB Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 20, 2023 at 04:16 pm EDT
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BCB Bancorp, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 26.99 million compared to USD 27.74 million a year ago. Net income was USD 8.6 million compared to USD 10.16 million a year ago. Basic earnings per share from continuing operations was USD 0.5 compared to USD 0.59 a year ago. Diluted earnings per share from continuing operations was USD 0.5 compared to USD 0.58 a year ago.
For the six months, net interest income was USD 54.46 million compared to USD 52.81 million a year ago. Net income was USD 16.71 million compared to USD 20.12 million a year ago. Basic earnings per share from continuing operations was USD 0.97 compared to USD 1.16 a year ago. Diluted earnings per share from continuing operations was USD 0.96 compared to USD 1.13 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.