Aankondiging • Jun 02
Bcb Bancorp, Inc. and Bcb Community Bank Announces Appointment of Thomas M. O’Brien as CEO, Effective June 1, 2026 On June 1, 2026, BCB Bancorp, Inc. and its wholly owned subsidiary, BCB Community Bank, issued a press release announcing that Thomas M. O’Brien has been appointed as the President and Chief Executive Officer of the Company and the Bank, effective June 1, 2026. He will also serve on the Board of Directors of each entity. Mr. O’Brien is 75 years old and joins the Company after serving from June 2020 through March 31, 2025 as Chairman, President and Chief Executive Officer of Sterling Bancorp, Inc. He remains on the board of directors of Sterling Holding Company-in Dissolution while it winds down operations and completes its plan of dissolution. From October 2018 to March 2020, he served as Vice Chairman of New York City-based Emigrant Bancorp, Inc. and Emigrant Bank. From April 2014 until January 2018, he served as President, Chief Executive Officer and a director of Sun Bancorp, Inc. and Sun National Bank. Mr. O’Brien served on the boards of BankUnited, Inc. and BankUnited, NA from May 2012 through April 1, 2014. Prior to that, Mr. O’Brien served as President and Chief Executive Officer of State Bancorp, Inc. and its wholly-owned subsidiary, State Bank of Long Island, from November 2006 to January 2012. From 2000 to 2006, Mr. O’Brien was President and Chief Executive Officer of Atlantic Bank of New York. From 1996 to 2000, Mr. O’Brien was Vice Chairman and a board member of North Fork Bank and North Fork Bancorporation, Inc. From 1977 to 1996, Mr. O’Brien worked at North Side Savings Bank, becoming Chairman, President and Chief Executive Officer in 1985. Mr. O’Brien served as a director of the Federal Home Loan Bank of New York from 2008 to 2012 and served as Chairman of New York Bankers Association in 2007. Mr. O’Brien is currently Trustee and Chairman of the Board of Prudential Insurance Company of America Annuity Fund Complex, and Vice-Chairman of the Board and Chairman of the Finance Committee of Archcare and Catholic Healthcare Foundation for the Archdiocese of New York. Mr. O’Brien received a B.A. in Political Science from Niagara University in 1972 and an M.B.A. from Iona University in 1982. Aankondiging • Apr 09
BCB Bancorp, Inc. to Report Q1, 2026 Results on Apr 21, 2026 BCB Bancorp, Inc. announced that they will report Q1, 2026 results on Apr 21, 2026 Aankondiging • Mar 25
BCB Bancorp, Inc., Annual General Meeting, Apr 23, 2026 BCB Bancorp, Inc., Annual General Meeting, Apr 23, 2026. Location: the chandelier restaurant, 1081 broadway, bayonne, 07002, new jersey United States Aankondiging • Feb 25
Bcb Bancorp Inc Announces Appointment of Gerald Werdann as Director and Committee Member, Effective March 1, 2026 BCB Bancorp Inc. announced that effective March 1, 2026, the Board of Directors has elected Gerald Werdann, age 62, to serve as a director of the Registrant in the class whose term expires at the annual meeting of shareholders to be held in April 2026. Mr. Werdann fills the current vacancy on the Board caused by a recent director retirement. He will also serve as a director of the Registrant's wholly-owned subsidiary, BCB Community Bank. Mr. Werdann is a Co-Founding Partner of Werdann DeVito LLC, a Certified Public Accounting and Consulting Firm. He is a Rutgers University graduate, is licensed as a Certified Public Accountant in New Jersey and New York, and is a member of the American Institute of Certified Public Accountants (AICPA) and the New Jersey Society of Certified Public Accountants (NJSCPA). Werdann is also Accredited in Business Valuations (ABV) and Certified in Financial Forensics (CFF) by the AICPA. Mr. Werdann will serve on the Registrant's audit committee, loan committee, and asset and liability committee (ALCO). Aankondiging • Jan 14
BCB Bancorp, Inc. to Report Q4, 2025 Results on Jan 30, 2026 BCB Bancorp, Inc. announced that they will report Q4, 2025 results at 8:30 AM, US Eastern Standard Time on Jan 30, 2026 Aankondiging • Jul 29
BCB Bancorp, Inc. to Report Q2, 2025 Results on Jul 28, 2025 BCB Bancorp, Inc. announced that they will report Q2, 2025 results on Jul 28, 2025 Aankondiging • Jul 22
BCB Bank Announces Promotion of Daniel A. Araujo to Senior Vice President and Chief Lending Officer BCB Bank announced the promotion of Daniel A. Araujo to Senior Vice President and Chief Lending Officer. This promotion is in alignment with BCB’s customer-first approach and dedication to organizational excellence. Mr. Araujo brings more than 20 years of industry knowledge and lending management experience to the Bank. Araujo is a highly respected industry veteran who brings a wealth of experience and an entrepreneurial mindset to the Bank. Prior to joining BCB Bank in 2023, he served as Chief Operating Officer of Real Estate Lending at Citizens Bank and Head of Portfolio Operations and Chief of Staff at Investors Bank (prior to the acquisition by Citizens’ Financial Group). In these roles, he led several of the Banks’ most critical lending initiatives—from integrating and implementing loan origination systems to helping ensure the safety and soundness of the organization through prudent credit practices. Since joining the BCB family, Mr. Araujo has been an integral part of the Bank’s overall credit evolution. Overseeing the implementation of a new loan origination system, the restructuring of departments, and the continued improvement of the overall lending process, all while focusing on perfecting the Bank’s customer service experience. In his new role, he will oversee credit policy, risk governance, and portfolio strategy across the Bank’s lending operations. Mr. Araujo will also continue to build strong cross-functional partnerships while enhancing the customer experience through strategic vision, collaboration, and exceptional leadership. Aankondiging • Apr 24
BCB Bancorp, Inc. to Report Q1, 2025 Results on Apr 22, 2025 BCB Bancorp, Inc. announced that they will report Q1, 2025 results on Apr 22, 2025 Aankondiging • Mar 21
BCB Bancorp, Inc., Annual General Meeting, Apr 24, 2025 BCB Bancorp, Inc., Annual General Meeting, Apr 24, 2025. Location: the chandelier restaurant, 1081 broadway, new jersey 07002, bayonne United States Aankondiging • Jan 02
BCB Bancorp, Inc. to Report Q4, 2024 Results on Jan 28, 2025 BCB Bancorp, Inc. announced that they will report Q4, 2024 results on Jan 28, 2025 Aankondiging • Dec 05
BCB Bancorp, Inc. and BCB Community Bank Appoints Michael J. Widmer to Its Boards of Directors BCB Bancorp, Inc., the holding company for BCB Community Bank announced the election of Michael J. Widmer to the Board of Directors of both BCB Bancorp, Inc. and BCB Community Bank, effective December 4, 2024. Mr. Widmer has over 40 years of banking experience in New Jersey. He most recently worked as a bank consultant for BCB Community Bank where he aided management and staff on a variety of projects including the installation of two loan origination systems, the review and negotiation of its data processing system contract, and the installation of a new online banking system . Prior to consulting for BCB, Mr. Widmer retired from Northfield Bank where he held the position of Executive Vice President, Head of Operations. During his eighteen-year tenure at Northfield Bank, Mr. Widmer was responsible for all Deposit Operations, Loan Servicing, BSA, Security, Property Management, and Information Technology. Prior to that, Mr. Widmer was Executive Vice President, Chief Operation Officer, Chief Financial Officer and Director at Liberty Bank in Avenel, NJ. Mr. Widmer holds a M.B. A in Finance/Economics from St. John’s University and a B.S in Accounting from Rutgers University. Declared Dividend • Oct 28
Third quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 1st November 2024 Payment date: 15th November 2024 Dividend yield will be 5.6%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (55% payout ratio) and is expected to be covered in 3 years' time (40% forecast payout ratio). The dividend has increased by an average of 2.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 39% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 20
Third quarter 2024 earnings released: EPS: US$0.36 (vs US$0.39 in 3Q 2023) Third quarter 2024 results: EPS: US$0.36 (down from US$0.39 in 3Q 2023). Revenue: US$23.3m (down 6.4% from 3Q 2023). Net income: US$6.19m (down 5.3% from 3Q 2023). Profit margin: 27% (in line with 3Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Aankondiging • Aug 29
BCB Bancorp, Inc. announced that it has received $40 million in funding BCB Bancorp, Inc. announced a private placement of fixed-to-floating rate subordinated notes due 2034, to certain qualified institutional investors for aggregate principal amount of $40 million on August 28, 2024. The Notes initially bear a fixed rate of 9.250%, payable semi-annually, for the first five years and will reset quarterly thereafter to the then current three-month Secured Overnight Financing Rate (SOFR) plus 582 basis points. The Notes were assigned an investment grade rating of BBB+ by Egan-Jones Ratings Company. The Notes are intended to qualify as Tier 2 capital for the Company for regulatory purposes and the portion that the Company contributes to the Bank will qualify as Tier 1 capital for the Bank. Declared Dividend • Jul 29
Second quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 2nd August 2024 Payment date: 16th August 2024 Dividend yield will be 5.3%, which is higher than the industry average of 4.8%. Sustainability & Growth Dividend is covered by earnings (54% payout ratio) and is expected to be covered in 3 years' time (41% forecast payout ratio). The dividend has increased by an average of 2.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 56% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 21
Second quarter 2024 earnings released: EPS: US$0.14 (vs US$0.50 in 2Q 2023) Second quarter 2024 results: EPS: US$0.14 (down from US$0.50 in 2Q 2023). Revenue: US$18.0m (down 33% from 2Q 2023). Net income: US$2.37m (down 72% from 2Q 2023). Profit margin: 13% (down from 32% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 4% per year. Aankondiging • Jul 20
BCB Bancorp, Inc. Declares Regular Quarterly Cash Dividend, Payable on August 16, 2024 The Board of Directors of BCB Bancorp, Inc. declared a regular quarterly cash dividend of $0.16 per share. The dividend will be payable on August 16, 2024 to common shareholders of record on August 2, 2024. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €11.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 8.1% over the past three years. Aankondiging • Jul 03
BCB Bancorp, Inc. Elects Raymond J. Vanaria to its Boards of Directors BCB Bancorp, Inc. announced the election of Raymond J. Vanaria to the Board of Directors, effective immediately. Mr. Vanaria joined Malesardi, Quackenbush, Swift & Company LLC as an accountant in 1983, and became a member of the firm in 1988. He specializes in individual and corporate taxation, auditing, and small business consulting. Mr. Vanaria has deep experience in the areas of corporate governance and auditing. He has served on the Board of Directors for Fulton Bank (formerly Prudential Bank of Philadelphia), Millington Bank, and ConnectOne Bank (formerly Center Bancorp), serving as Chair of the Audit Committee of the latter two. He is a member of the American Institute of Certified Public Accountants, the New Jersey Society of Certified Public Accountants and MSI Global Alliance. Mr. Vanaria graduated Magna Cum Laude from Fairleigh Dickinson University with a Bachelor of Science degree and a Master of Business Administration - Finance. Reported Earnings • May 07
First quarter 2024 earnings released: EPS: US$0.32 (vs US$0.47 in 1Q 2023) First quarter 2024 results: EPS: US$0.32 (down from US$0.47 in 1Q 2023). Revenue: US$23.2m (down 8.0% from 1Q 2023). Net income: US$5.43m (down 32% from 1Q 2023). Profit margin: 24% (down from 32% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 2 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Aankondiging • May 03
Bcb Bancorp, Inc. and BCB Community Bank Elects Tara L. French Boards of Directors BCB Bancorp, Inc. announced the election of Tara L. French to the Board of Directors of both BCB Bancorp, Inc. and BCB Community Bank, effective immediately. Ms. French previously was an officer at Northfield Bank until her retirement in June 2023. She joined Northfield in 2017 as the Chief Administrative Officer, and she was named Chief Risk Officer in September 2020. Prior to joining Northfield Bank, Ms. French was an Assistant Deputy Comptroller at the Office of the Comptroller of the Currency from 2011 to 2017, where she worked in the New York District Office supervising commercial banks and thrifts in the Community Bank Program. Ms. French will serve on the Audit Committee, the ALCO Committee, and the Nominating/Corporate Governance Committee. Declared Dividend • Apr 29
First quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 2nd May 2024 Payment date: 17th May 2024 Dividend yield will be 7.0%, which is higher than the industry average of 4.8%. Sustainability & Growth The dividend has increased by an average of 2.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Reported Earnings • Apr 21
First quarter 2024 earnings released: EPS: US$0.32 (vs US$0.47 in 1Q 2023) First quarter 2024 results: EPS: US$0.32 (down from US$0.47 in 1Q 2023). Revenue: US$23.2m (down 8.0% from 1Q 2023). Net income: US$5.43m (down 32% from 1Q 2023). Profit margin: 24% (down from 32% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 7.7% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Aankondiging • Apr 21
BCB Bancorp, Inc. Reports Net Charge-Offs for the First Quarter Ended March 31, 2024 BCB Bancorp, Inc. reported net charge-offs for the first quarter ended March 31, 2024. For the quarter, the company recognized $1.1 million in net charge-offs compared to a $52,000 net recoveries in the first quarter of 2023. Aankondiging • Apr 20
BCB Bancorp, Inc. Declares Regular Quarterly Cash Dividend, Payable on May 17, 2024 BCB Bancorp, Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.16 per share. The dividend will be payable on May 17, 2024 to common shareholders of record on May 3, 2024. Aankondiging • Apr 17
BCB Bancorp, Inc. to Report Q1, 2024 Results on Apr 19, 2024 BCB Bancorp, Inc. announced that they will report Q1, 2024 results on Apr 19, 2024 Aankondiging • Mar 16
BCB Bancorp, Inc., Annual General Meeting, Apr 25, 2024 BCB Bancorp, Inc., Annual General Meeting, Apr 25, 2024, at 10:00 US Eastern Standard Time. Location: The Chandelier Restaurant, 1081 Broadway, Bayonne New Jersey United States Agenda: To consider the election of four directors; to consider the ratification of the appointment of Wolf & Company, P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2024; and to consider the executive compensation. Reported Earnings • Mar 10
Full year 2023 earnings released: EPS: US$1.71 (vs US$2.64 in FY 2022) Full year 2023 results: EPS: US$1.71 (down from US$2.64 in FY 2022). Revenue: US$102.0m (down 14% from FY 2022). Net income: US$28.8m (down 36% from FY 2022). Profit margin: 28% (down from 38% in FY 2022). Net interest margin (NIM): 2.85% (down from 3.78% in FY 2022). Non-performing loans: 0.57% (up from 0.17% in FY 2022). Revenue is forecast to grow 6.1% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. New Risk • Feb 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Feb 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €9.55, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 4.5% over the past three years. New Risk • Jan 30
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Declared Dividend • Jan 29
Fourth quarter dividend of US$0.16 announced Shareholders will receive a dividend of US$0.16. Ex-date: 2nd February 2024 Payment date: 16th February 2024 Dividend yield will be 5.1%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is well covered by earnings (38% payout ratio) and is expected to be well covered in 3 years' time (34% forecast payout ratio). The dividend has increased by an average of 2.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 9.9% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 26
Full year 2023 earnings released: EPS: US$1.71 (vs US$2.64 in FY 2022) Full year 2023 results: EPS: US$1.71 (down from US$2.64 in FY 2022). Revenue: US$102.0m (down 14% from FY 2022). Net income: US$28.8m (down 36% from FY 2022). Profit margin: 28% (down from 38% in FY 2022). Revenue is forecast to grow 5.2% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 11% per year. Aankondiging • Jan 25
Cb Bancorp, Inc. Declares Regular Quarterly Cash Dividend, Payable on February 16, 2024 BCB Bancorp, Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.16 per share. The dividend will be payable on February 16, 2024 to common shareholders of record on February 5, 2024. Aankondiging • Jan 10
BCB Bancorp, Inc. to Report Q4, 2023 Results on Jan 25, 2024 BCB Bancorp, Inc. announced that they will report Q4, 2023 results on Jan 25, 2024 Upcoming Dividend • Oct 26
Upcoming dividend of US$0.16 per share at 6.4% yield Eligible shareholders must have bought the stock before 02 November 2023. Payment date: 17 November 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 6.4%. Within top quartile of German dividend payers (5.1%). In line with average of industry peers (6.3%). New Risk • Oct 23
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 2.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 22
Third quarter 2023 earnings released: EPS: US$0.39 (vs US$0.78 in 3Q 2022) Third quarter 2023 results: EPS: US$0.39 (down from US$0.78 in 3Q 2022). Revenue: US$24.9m (down 23% from 3Q 2022). Net income: US$6.54m (down 51% from 3Q 2022). Profit margin: 26% (down from 41% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Aankondiging • Oct 20
BCB Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on November 17, 2023 BCB Bancorp, Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.16 per share. The dividend will be payable on November 17, 2023 to common shareholders of record on November 3, 2023. Upcoming Dividend • Jul 27
Upcoming dividend of US$0.16 per share at 5.0% yield Eligible shareholders must have bought the stock before 03 August 2023. Payment date: 18 August 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 5.0%. Within top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.8%). Reported Earnings • Jul 21
Second quarter 2023 earnings released: EPS: US$0.50 (vs US$0.59 in 2Q 2022) Second quarter 2023 results: EPS: US$0.50 (down from US$0.59 in 2Q 2022). Revenue: US$26.8m (down 2.4% from 2Q 2022). Net income: US$8.43m (down 16% from 2Q 2022). Profit margin: 32% (down from 37% in 2Q 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 4.1% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Jun 13
Independent Chairman of the Board recently bought €54k worth of stock On the 9th of June, Mark Hogan bought around 5k shares on-market at roughly €11.04 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €153k. Mark has been a buyer over the last 12 months, purchasing a net total of €684k worth in shares. Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €11.50, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 60% over the past three years. Upcoming Dividend • Apr 27
Upcoming dividend of US$0.16 per share at 5.6% yield Eligible shareholders must have bought the stock before 04 May 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 5.6%. Within top quartile of German dividend payers (4.6%). In line with average of industry peers (6.1%). Recent Insider Transactions • Apr 25
Independent Chairman of the Board recently bought €101k worth of stock On the 21st of April, Mark Hogan bought around 10k shares on-market at roughly €10.05 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Mark's only on-market trade for the last 12 months. Recent Insider Transactions • Mar 23
Independent Director recently bought €74k worth of stock On the 16th of March, Judith Bielan bought around 5k shares on-market at roughly €13.54 per share. This transaction amounted to 4.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €251k more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €12.80, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Banks industry in Europe. Total returns to shareholders of 68% over the past three years. Reported Earnings • Mar 14
Full year 2022 earnings released: EPS: US$2.64 (vs US$1.94 in FY 2021) Full year 2022 results: EPS: US$2.64 (up from US$1.94 in FY 2021). Revenue: US$118.6m (up 16% from FY 2021). Net income: US$44.8m (up 35% from FY 2021). Profit margin: 38% (up from 32% in FY 2021). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.78% (up from 3.46% in FY 2021). Non-performing loans: 0.17% (down from 0.64% in FY 2021). Revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Aankondiging • Jan 27
BCB Bancorp, Inc. Declares Regular Quarterly Cash Dividend, Payable February 17, 2023 BCB Bancorp, Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.16 per share. The dividend will be payable February 17, 2023, to common shareholders of record on February 3, 2023. Reported Earnings • Jan 27
Full year 2022 earnings released: EPS: US$2.64 (vs US$1.94 in FY 2021) Full year 2022 results: EPS: US$2.64 (up from US$1.94 in FY 2021). Revenue: US$118.6m (up 16% from FY 2021). Net income: US$44.8m (up 35% from FY 2021). Profit margin: 38% (up from 32% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 7 highly experienced directors. Senior VP, COO, Corporate Secretary & Director Ryan Blake was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Nov 08
BCB Bancorp, Inc. Appoints Ryan Blake, to Its Board of Directors BCB Bancorp, Inc. announced that its Board of Directors has appointed Ryan Blake, MBA, Senior Vice President and Chief Operating Officer since 2021, to serve as a member on its board. Blake is an experienced banking and financial services executive that has grown in successive roles within BCB for the past 14 years. He has risen through the ranks of the bank due to his leadership performance and tireless commitment to BCB’s success. Through Blake’s strategic guidance, the bank has made aggressive updates to both their online and mobile banking experience to attract and better serve an increasingly younger and more diverse customer base. The 32-year-old executive leader, Blake is the youngest seniorC-Suite banker in New Jersey and the first out LGBT+ executive to serve on BCB’s board of directors. BCB’s advanced banking experience allows it to meet customers' evolving technological demands, while staying competitive with financial products that will help their retail customers and valued commercial clients meet their goals and loan needs. With more than $3.26 billion in assets, BCB is the 17th financial institution in New Jersey and the 11th NJ-based bank by deposit size. The bank has reached impressive growth within the region while remaining independent, ranking them as one of the top 10 community banks in the state due to their superior customer service and knowledgeable banking staff. As a rising star, Blake got his start as an executive associate to the bank’s CEO & CFO while attending Kean University. He earned the trust and confidence of the bank’s CEO, Tom Coughlin, allowing him to progress in his career as a Financial Analyst, Investor Relations Manager, then on to becoming BCB’s Vice President and Controller.Blake recently underwent executive leadership training from the American Bankers Association Stonier Graduate School of Banking Program at The Wharton School at the University of Pennsylvania. He earned a Master of Business Administration degree at Rutgers University, and two Bachelor's degrees from Kean University, Bachelor of Science in Finance and a Bachelor of Arts in Economics. A native of Bayonne, Blake currently resides in Fanwood, NJ with his fiancé and dogs. Blake is an active volunteer within his community, and demonstrates his service through his appointment as a Director and Trustee of the Bayonne Public Library, volunteer-Vice President and Trustee of the Rotary International, and is a former board director of the New Jersey Pride Chamber of Commerce. Upcoming Dividend • Oct 24
Upcoming dividend of US$0.16 per share Eligible shareholders must have bought the stock before 31 October 2022. Payment date: 15 November 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (5.3%). Lower than average of industry peers (6.5%). Reported Earnings • Oct 21
Third quarter 2022 earnings released: EPS: US$0.78 (vs US$0.47 in 3Q 2021) Third quarter 2022 results: EPS: US$0.78 (up from US$0.47 in 3Q 2021). Revenue: US$32.4m (up 28% from 3Q 2021). Net income: US$13.2m (up 65% from 3Q 2021). Profit margin: 41% (up from 32% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Banks industry in Europe. Aankondiging • Oct 21
BCB Bancorp, Inc. Declares Regular Quarterly Cash Dividend, Payable on November 15, 2022 BCB Bancorp, Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.16 per share. The dividend will be payable November 15, 2022 to common shareholders of record on November 1, 2022. Aankondiging • Sep 29
BCB Bancorp, Inc. Names Jawad Chaudhry as Chief Financial Officer BCB Bancorp, Inc. has named Jawad Chaudhry as Chief Financial Officer, effective immediately. Chaudhry, formerly Executive Vice President of FP&A, Corporate Finance, & Strategy at Investors Bank, brings to his new position significant experience in both regional and investment banking. Chaudhry’s regional banking experience includes leading the build-out of the FP&A function, as well as strategic planning, budgeting/forecasting, M&A strategy, profit optimization, capital planning, stress testing and CECL processes at Investors Bank. His investment banking career included providing M&A advisory, transaction structuring/negotiation and capital/funding optimization solutions to financial institutions. Before joining BCB Bancorp, Inc., Chaudhry served as Executive Vice President of FP&A, Corporate Finance & Strategy at Investors Bank. Prior to that, he was Vice President, Corporate Development at Prudential Financial, and Senior Vice President, in the FIG Investment Banking group at Barclays and then Jefferies. Chaudhry is a graduate, summa cum laude, of Franklin & Marshall College with a bachelor of arts degree in economics and mathematics, with a concentration in business administration. He is a licensed CFA and a member of the board of directors of the Morris County Chamber of Commerce. Reported Earnings • Jul 22
Second quarter 2022 earnings released: EPS: US$0.59 (vs US$0.45 in 2Q 2021) Second quarter 2022 results: EPS: US$0.59 (up from US$0.45 in 2Q 2021). Revenue: US$27.4m (up 12% from 2Q 2021). Net income: US$10.0m (up 29% from 2Q 2021). Profit margin: 37% (up from 32% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 2.2%, compared to a 14% growth forecast for the industry in Germany. Aankondiging • Jul 22
BCB Bancorp, Inc. Declares Regular Quarterly Cash Dividend, Payable on August 15, 2022 BCB Bancorp, Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.16per share. The dividend will be payable on August 15, 2022 to common shareholders of record on August 1, 2022. Aankondiging • Jul 13
BCB Bancorp, Inc. Announces Retirement of Dr. August Pellegrini, Jr. from the Board of Directors BCB Bancorp, Inc. announced that on July 8, 2022, Dr. August Pellegrini, Jr. retired from the Registrant’s Board of Directors. Reported Earnings • Apr 27
First quarter 2022 earnings released: EPS: US$0.57 (vs US$0.40 in 1Q 2021) First quarter 2022 results: EPS: US$0.57 (up from US$0.40 in 1Q 2021). Revenue: US$27.0m (up 14% from 1Q 2021). Net income: US$9.68m (up 42% from 1Q 2021). Profit margin: 36% (up from 29% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.4%, compared to a 8.1% growth forecast for the industry in Germany. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 8 highly experienced directors. Independent Director Vincent DiDomenico was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Apr 22
BCB Bancorp, Inc. Declares Regular Quarterly Cash Dividend, Payable on May 16, 2022 BCB Bancorp, Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.16 per share. The dividend will be payable on May 16, 2022 to common shareholders of record on May 2, 2022. Aankondiging • Apr 06
BCB Bancorp, Inc. announced that it has received $2.62 million in funding BCB Bancorp, Inc. announced a private placement of 262 shares of series I noncumulative perpetual preferred stock at a price of $10,000 for gross proceeds of $2,620,000 on April 4, 2022. Reported Earnings • Mar 13
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$1.94 (up from US$1.14 in FY 2020). Revenue: US$102.2m (up 23% from FY 2020). Net income: US$33.1m (up 69% from FY 2020). Profit margin: 32% (up from 23% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 3.9%, compared to a 8.8% growth forecast for the banks industry in Germany. Aankondiging • Mar 04
BCB Bancorp, Inc. Announces Executive Changes Beginning March 2, 2022, Thomas P. Keating, Senior Vice President and Chief Financial Officer of BCB Bancorp, Inc., and the principal financial officer and principal accounting officer for the Company, will commence a leave of absence for personal reasons. The Company’s Board of Directors has designated Karen Duran, CPA, Chief Accounting Officer, to serve as the interim principal financial officer and principal accounting officer for the Company during Mr. Keating’s leave. Ms. Duran has been in the banking industry for over 30 years. She has been with the Company since 2010, serving most recently as Vice President and Chief Accounting Officer. Upcoming Dividend • Jan 24
Upcoming dividend of US$0.16 per share Eligible shareholders must have bought the stock before 31 January 2022. Payment date: 15 February 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 4.0%. Within top quartile of German dividend payers (3.4%). Higher than average of industry peers (3.2%). Aankondiging • Dec 21
BCB Bancorp, Inc. announced a financing transaction BCB Bancorp Inc. announced that it will raise $30,000,000 in a round of funding on December 20, 2021. The company will issue common stock pursuant to exemption provided under Regulation D. The minimum investment accepted from any outside investor is $30,000. Reported Earnings • Oct 23
Third quarter 2021 earnings released: EPS US$0.47 (vs US$0.47 in 3Q 2020) The company reported a mediocre third quarter result with flat earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$25.3m (flat on 3Q 2020). Net income: US$8.04m (flat on 3Q 2020). Profit margin: 32% (in line with 3Q 2020). Upcoming Dividend • Jul 27
Upcoming dividend of US$0.16 per share Eligible shareholders must have bought the stock before 03 August 2021. Payment date: 18 August 2021. Trailing yield: 4.4%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (2.7%). Aankondiging • Jul 20
BCB Bancorp, Inc. Reports Net Charge-Offs for the Second Quarter of 2021 BCB Bancorp, Inc. reported net charge-offs for the second quarter of 2021. During the second quarter of 2021, the company recognized $300,000 in net charge-offs, compared to $8,000 in net recoveries for the second quarter of 2020. Reported Earnings • Jul 20
Second quarter 2021 earnings released: EPS US$0.45 (vs US$0.14 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$24.6m (up 56% from 2Q 2020). Net income: US$7.77m (up 226% from 2Q 2020). Profit margin: 32% (up from 15% in 2Q 2020). The increase in margin was driven by higher revenue. Upcoming Dividend • Apr 30
Upcoming dividend of US$0.14 per share Eligible shareholders must have bought the stock before 07 May 2021. Payment date: 24 May 2021. Trailing yield: 4.1%. Within top quartile of German dividend payers (3.1%). Higher than average of industry peers (2.8%). Reported Earnings • Apr 24
First quarter 2021 earnings released: EPS US$0.40 (vs US$0.13 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$23.6m (up 32% from 1Q 2020). Net income: US$6.83m (up 214% from 1Q 2020). Profit margin: 29% (up from 12% in 1Q 2020). The increase in margin was driven by higher revenue.