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BCB Bancorp: 1Q Earnings Snapshot

BAYONNE, N.J. (AP) _ BCB Bancorp Inc. (BCBP) on Monday reported first-quarter net income of $2.5 million.

The Bayonne, New Jersey-based bank said it had earnings of 12 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.

The community bank posted revenue of $30.1 million in the period. Its revenue net of interest expense was $19.5 million, which also fell short of Street forecasts.

BCB Bancorp shares have decreased 27% since the beginning of the year. In the final minutes of trading on Monday, shares hit $10.05, a decline of 23% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BCBP at https://www.zacks.com/ap/BCBP