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Stock impact report

BCB Bancorp, Inc. Earns $5.2 Million in 2Q19; Profits Grow 54% in First Six Months of the Year

BCB Bancorp, Inc. (NJ) (BCBP) 
Last bcb bancorp, inc. (nj) earnings: 4/27 04:23 pm Check Earnings Report
US:NASDAQ Investor Relations: investorrelations.bcbcommunitybank.com
Company Research Source: GlobeNewswire
BAYONNE, N.J., July 19, 2019 (GLOBE NEWSWIRE) -- BCB Bancorp, Inc. (the “Company”), (NASDAQ: BCBP), the holding company for BCB Community Bank (the “Bank”), today reported that an increase in total interest income and decreases in the provision for loan losses and non-interest expenses, contributed to second quarter and year-to-date 2019 profits. Net income increased $2.9 million, or 126.0 percent, to $5.2 million for the second quarter of 2019, compared with $2.3 million for the second quarter of 2018. In the preceding quarter, the Company earned $5.5 million. There were no merger related costs associated with the IA Bancorp, Inc. (“IAB”) acquisition during the current quarter or the preceding quarter. This compares to acquisition costs of $2.0 million during the second quarter a year ago. For the first six months of the year, net income increased $3.7 million, or 53.8 percent, to $10.7 million, compared with $7.0 million for the six months ended June 30, 2018. “Our s Show less Read more
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