)
Overview
<ul>
<li>Community bank’s Q4 net loss of $12 mln vs year-ago profit, due to cannabis-related property write-down</li>
<li>Net interest margin for Q4 rose to 3.03% from 2.53% yr/yr</li>
<li>Company declared regular quarterly cash dividend of $0.08 per share</li>
</ul>
Outlook
<ul>
<li>BCB Bancorp focuses on improving earnings performance and disciplined capital allocation</li>
</ul>
Result Drivers
<ul>
<li>CANNABIS PROPERTY WRITE-DOWN - Co reported a $15.1 mln pre-tax write-down on a cannabis-related property, impacting Q4 results</li>
<li>NET CHARGE-OFFS - Co recognized $16.3 mln in net charge-offs, primarily in C&amp;I loan portfolio, affecting Q4 performance</li>
<li>ASSET QUALITY MEASURES - Management took steps to improve asset quality and capital position, reducing wholesale funding exposure</li>
</ul>
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
<h3>Q4 EPS -$0.73</h3>
Q4 Net -$12 mln
Income
Q4 Net $24.22
Interest mln
Income
<h3>Q4 $0.08</h3>
Dividend
Q4 Net 3.03%
Interest
Margin
Analyst Coverage
<ul>
<li>The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 1 “strong buy” or “buy”, 2 “hold” and no “sell” or “strong sell”</li>
<li>The average consensus recommendation for the banks peer group is “buy”</li>
<li>Wall Street’s median 12-month price target for BCB Bancorp Inc is $9.00, about 15.1% above its January 29 closing price of $7.82</li>
<li>The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago</li>
</ul>
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

BCB Bancorp posts Q4 loss due to write-down; adjusts dividend