BCB Bancorp Full Year 2024 Earnings: Misses Expectations

BCB Bancorp (NASDAQ:BCBP) Full Year 2024 Results

Key Financial Results

• Revenue: US$83.4m (down 18% from FY 2023).
• Net income: US$16.8m (down 42% from FY 2023).
• Profit margin: 20% (down from 28% in FY 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.99 (down from US$1.71 in FY 2023).

BCBP Banking Performance Indicators

• Net interest margin (NIM): 2.55% (down from 2.85% in FY 2023).
• Non-performing loans: 1.47% (up from 0.57% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

BCB Bancorp Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 3.5%. Earnings per share (EPS) also missed analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are up 1.7% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for BCB Bancorp you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.