Exchange: NASDAQ·Updated 07:30 PM EDT
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BCBP BCB Bancorp Inc (NJ)

$8.24
$0.08
(0.96%)
Today
Closed $8.23
$0.01
(0.12%)
After Hours
EarningsNov 3
Mkt Cap$241.84M
Vol268,974.00

About BCBP

BCB Bancorp, Inc. is a holding company, which engages in the provision of financial solutions. It offers loans, deposit products, and retail and commercial banking services. The company was founded on November 1, 2000 and is headquartered in Bayonne, NJ.
50

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focafoca99
$BCBP designated two new directors and a new executive vice president, chief legal officer and corporate secretary.
focafoca99
$BCBP priced its public offering at $7.75 per share, raising about $98 million including the full over-allotment.
topstockalerts
BCB Bancorp announced an underwritten public offering of common stock, with Piper Sandler acting as sole bookrunner, a move that could significantly dilute existing shareholders. At the same time, the New Jersey-based community bank disclosed that it is marketing approximately $210 million of troubled loans for sale as of June 30, including $183.4 million in commercial real estate and multifamily loans. The disclosures follow a difficult second quarter in which BCB Bancorp reported a $14.8 million net loss, driven by a $19 million provision for credit losses, a $5.3 million goodwill impairment, and additional losses tied to delinquent construction loans reclassified as assets held for sale. The combination of a capital raise and the disposal of a large portfolio of distressed loans indicates that management is moving to strengthen and clean up the balance sheet, but the process comes with potential dilution and realized credit losses for shareholders. $BCBP
focafoca99
$BCBP commences an underwritten public offering of its common stock while marketing a $210 million problem-loan portfolio.

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