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home / news releases / BCBP - BCB Bancorp: Higher For Longer Scenario Weighs On Profitability

BCBP - BCB Bancorp: Higher For Longer Scenario Weighs On Profitability

BCB Bancorp Inc.

2024-04-23 17:04:43 ET

Summary

  • BCB Bancorp's Q1 earnings report shows missed EPS and revenue, indicating struggles with profitability.
  • The bank is facing challenges due to higher interest rates and rising deposit costs.
  • BCBP is focused on increasing liquidity and maintaining profitability, but the macroeconomic environment and loan portfolio pose obstacles.

BCB Bancorp's ( BCBP ) Q1 2024 was released a few days ago and it was not exciting:

  • Q1 GAAP EPS of $0.32 misses by $0.02.
  • Revenue of $25.25M (-2.1% Y/Y) misses by $0.04M.

For further details see:

BCB Bancorp: Higher For Longer Scenario Weighs On Profitability
Stock Information
Company Name: BCB Bancorp Inc.
Stock Symbol: BCBP
Market: NASDAQ
Website: bcb.bank
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