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.
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For further details see:
BCB Bancorp: Higher For Longer Scenario Weighs On Profitability