BCB Bancorp (BCBP) Q3 2026 Earnings Call Transcript

BCB Bancorp reported a $132.5 million net loss in Q3 2026 as it executed a strategic restructuring plan to de-risk its balance sheet. The bank sold over $200 million in problem loans, raised $98 million in capital, and established a $60 million valuation allowance on deferred tax assets. Despite the substantial loss, the company improved its net interest margin to 3.03%, reduced non-accrual loans to $22.4 million, and increased allowance for credit losses to 3.12% of gross loans. Management expects to exit its cannabis business in Q4 and anticipates improved results in future quarters.