BCB Bancorp, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 6, 2026, reporting a net loss of $132.453 million for the third quarter.

Key Highlights

  • Net loss of $132.453 million for the three months ended September 30, 2026, compared to net income of $4.262 million in the same period of 2025, according to the filing.
  • Provision for credit losses on loans totaled $114.961 million for the third quarter of 2026, up from $4.080 million in Q3 2025, as reported in the consolidated statements of operations.
  • Total assets of $3.021 billion as of September 30, 2026, down from $3.279 billion at December 31, 2025, the filing disclosed.
  • Loans receivable, net declined to $2.179 billion at September 30, 2026 from $2.691 billion at December 31, 2025, with the allowance for credit losses rising to $70.270 million from $33.691 million.
  • Basic and diluted loss per common share was $(6.92) for the three months ended September 30, 2026, versus earnings of $0.22 per share in Q3 2025.
  • Shares outstanding were 30,751,822 as of November 2, 2026, with issued shares rising to 33,985,793 at September 30, 2026 from 20,508,183 at December 31, 2025.
  • Goodwill impairment of $5.253 million was recognized in the nine months ended September 30, 2026, with the goodwill and intangibles balance reduced to zero as of September 30, 2026.

BCB Bancorp Reports Steep Q3 2026 Loss Driven by Credit Loss Provisions

BCB Bancorp, Inc. (NASDAQ:BCBP), a New Jersey-based bank holding company headquartered in Bayonne, reported a net loss of $132.453 million for the three months ended September 30, 2026, compared to net income of $4.262 million for the same quarter in 2025, according to the 10-Q filing. The primary driver of the loss was a provision for credit losses on loans of $114.961 million in Q3 2026, which resulted in net interest loss after the provision of $(92.362) million for the quarter. For the nine months ended September 30, 2026, the net loss totaled $142.325 million, against a net loss of $498 thousand in the comparable prior-year period.

The filing disclosed that total interest income fell to $38.375 million in Q3 2026 from $43.042 million in Q3 2025, while total interest expense also declined to $15.776 million from $19.331 million. Net interest income for the quarter was $22.599 million, compared to $23.711 million a year earlier. Non-interest income for Q3 2026 was $5.172 million, which included a gain on sale of other real estate owned of $3.283 million. Total non-interest expense rose to $21.799 million from $16.570 million, with professional fees increasing to $2.873 million from $800 thousand. The income tax provision was $23.464 million for the quarter, despite the pre-tax loss of $108.989 million.

On the balance sheet, total deposits were $2.609 billion at September 30, 2026, down from $2.673 billion at December 31, 2025. FHLB advances decreased to $100.000 million from $235.000 million. Total stockholders' equity declined to $246.082 million from $304.284 million, partly reflecting accumulated other comprehensive loss of $(8.209) million versus $(2.456) million at year-end 2025. Loans held for sale of $67.556 million appeared on the September 30, 2026 balance sheet, compared to zero at December 31, 2025. The deferred income tax asset, which stood at $22.209 million at year-end 2025, was reduced to zero as of September 30, 2026.

What Was Disclosed

BCB Bancorp filed its quarterly report covering the period ended September 30, 2026, disclosing a third-quarter net loss of $132.453 million, a large increase in the provision for credit losses on loans, a decline in total assets to $3.021 billion, and a goodwill impairment charge of $5.253 million recorded in the nine-month period.