BCB Bancorp Suspends Dividends After $14.8 Million Net Loss

BCB Bancorp, Inc. reported a net loss of $14.8 million for the second quarter of 2026, citing severe balance sheet stress. The company attributed the financial decline to a $19 million provision for credit losses and a $5.3 million goodwill impairment.

In response to these losses, the company entirely suspended its dividend payments. To address surging credit losses and shrinking assets, BCB Bancorp, Inc. has also halted all loan originations.