Bcb Bancorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 28, 2020 at 02:45 am IST
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BCB Bancorp, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net interest income was USD 20.077 million compared to USD 21.171 million a year ago. Net income was USD 5.124 million compared to USD 5.224 million a year ago. Basic earnings per share was USD 0.29 compared to USD 0.31 a year ago. For the full year, net interest income was USD 82.604 million compared to USD 77.681 million a year ago. Net income was USD 21.034 million compared to USD 16.763 million a year ago. Basic earnings per share was USD 1.2 compared to USD 1.02 a year ago. Diluted earnings per share was USD 1.2 compared to USD 1.01 a year ago.
BCB Bancorp, Inc. is a holding company of BCB Community Bank (the Bank). The Bank offers loans, including commercial and multi-family real estate loans, one-to-four family mortgage loans, commercial business loans, construction loans, home equity loans, and consumer loans. It also offers deposit products, including savings and club accounts, interest and non-interest-bearing demand accounts, money market accounts, certificates of deposit, and individual retirement accounts; and retail and commercial banking services, including wire transfers, money orders, safe deposit boxes, night depository, debit cards, online banking, mobile banking, fraud detection, and automated teller services. The Bank has 24 branches in Bayonne, Edison, Hoboken, Fairfield, Holmdel, Jersey City, Lyndhurst, Maplewood, Monroe Township, Newark, Parsippany, Plainsboro, River Edge, Rutherford, South Orange, Union and Woodbridge, New Jersey, as well as four branches in Staten Island and Hicksville, New York.