BCB Bancorp Reports Q2 Net Loss, Plans Delaware Reincorporation
BCB Bancorp Inc. (NASDAQ: BCBP) reported a second-quarter net loss of $14.8 million, a shift from income in the prior year, due to increased provisions for credit losses and goodwill impairment. The company also announced plans to reincorporate in Delaware, subject to shareholder approval.
* Monitor BCB Bancorp's (NASDAQ: BCBP) efficiency ratio and allowance for credit losses as the company navigates a challenging credit environment.