BCB Bancorp Declares $0.08 Quarterly Dividend After Return to Profitability
BCB Bancorp, Inc. (NASDAQ: BCBP), the holding company for BCB Community Bank, declared a regular quarterly cash dividend of $0.08 per share. The announcement came as the New Jersey-based bank reported a return to profitability with $4.9 million in net income for the first quarter of 2026.
BCB Bancorp, Inc. (NASDAQ: BCBP), the holding company for BCB Community Bank, declared a regular quarterly cash dividend of $0.08 per share. The announcement came as the New Jersey-based bank reported a return to profitability with $4.9 million in net income for the first quarter of 2026. Read more dividend announcements.
The dividend will be paid to shareholders of record as of May 6, 2026, with payment scheduled for May 20, 2026.
| Dividend Details | Information |
|---|---|
| Amount | $0.08 per share |
| Record Date | May 6, 2026 |
| Payment Date | May 20, 2026 |
| Frequency | Quarterly |
Financial Performance Drives Dividend Decision
The Bayonne, New Jersey-based bank reported earnings per diluted share of $0.26 for the first quarter, a sharp reversal from a loss per diluted share of $0.73 in the fourth quarter of 2025 and a loss of $0.51 in the year-ago quarter. Net income of $4.9 million compared to a net loss of $12.0 million in the preceding quarter and a net loss of $8.3 million in the first quarter of 2025.
"We are pleased to report a profitable first quarter, reflecting steady financial momentum and continued improvement across our core performance metrics," said Michael Shriner, President and Chief Executive Officer. He noted that credit headwinds experienced in 2025 have moderated and the bank has resumed lending activity.
Balance Sheet and Margin Metrics
Total deposits stood at $2.672 billion at March 31, 2026, essentially flat from $2.674 billion at December 31, 2025. Net interest margin compressed to 2.95 percent for the first quarter from 3.03 percent in the prior quarter, but remained well above the 2.59 percent recorded in the first quarter of 2025.
The yield on interest-earning assets declined 11 basis points to 5.21 percent from 5.32 percent in the fourth quarter, while the cost of interest-bearing liabilities decreased 5 basis points to 2.93 percent. The funding cost improvement represents a 40 basis point decline from the 3.33 percent cost in the year-ago quarter.
The bank's efficiency ratio improved to 62.4 percent for the first quarter from 120.0 percent in the prior quarter, reflecting the return to profitability and improved operating leverage.