BCB Bancorp: Higher For Longer Scenario Weighs On Profitability [Seeking Alpha]
BCB Bancorp, Inc. (NJ) (BCBP)
Last bcb bancorp, inc. (nj) earnings: 4/27 04:23 pm
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US:NASDAQ Investor Relations:
investorrelations.bcbcommunitybank.com
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Source: Seeking Alpha
The bank is facing challenges due to higher interest rates and rising deposit costs. BCBP is focused on increasing liquidity and maintaining profitability, but the macroeconomic environment and loan portfolio pose obstacles. BCB Bancorp's ( NASDAQ: BCBP Q1 2024 was released a few days ago and it was not exciting: Q1 GAAP EPS of $0.32 misses by $0.02. Revenue of $25.25M (-2.1% Y/Y) misses by $0.04M. In addition to missing both expectations , it is clear that the bank is struggling with profitability. The higher-for-longer scenario of rates is becoming the most credited one, and the cost of deposits is rising higher and higher. On the other hand, loan yields are not keeping pace. The main problem “The macroeconomic environment remains challenging with the banking industry likely to experience higher interest rates for longer than expected and a possible softening of credit quality trends that could impact the balance sheets and profitability of community banks”. These w
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BCBP
News
- Tara L. French Elected to BCB Bancorp, Inc. and BCB Community Bank Boards of Directors [Yahoo! Finance]Yahoo! Finance
- Tara L. French Elected to BCB Bancorp, Inc. and BCB Community Bank Boards of DirectorsGlobeNewswire
- Here's What We Like About BCB Bancorp's (NASDAQ:BCBP) Upcoming Dividend [Yahoo! Finance]Yahoo! Finance
- BCB Bancorp, Inc. (NASDAQ: BCBP) had its price target lowered by analysts at Keefe, Bruyette & Woods from $14.00 to $12.00. They now have a "market perform" rating on the stock.MarketBeat
- BCB Bancorp, Inc. Earns $5.9 Million in First Quarter 2024; Reports $0.32 EPS and Declares Quarterly Cash Dividend of $0.16 Per Share [Yahoo! Finance]Yahoo! Finance
BCBP
Earnings
- 4/19/24 - Miss
BCBP
Analyst Actions
- 2/21/24 - TheStreet
BCBP
Sec Filings
- 5/3/24 - Form 8-K
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- BCBP's page on the SEC website