BCB Bancorp slips after disclosing Q4 asset quality deterioration
Community lender BCB Bancorp's BCBP.O shares slide as much as 6.4%; last down 5.1% at $7.66
BCBP will take an additional $15.1 million write-down on cannabis-related real estate owned property in Q4
In Q3, BCBP had incurred a $12.7 million charge-off on the $34 million cannabis-related loan
Separately, BCBP's Q4 results will also have $16.4 million additional net charge-offs, mainly related to its commercial and industrial loan portfolio
"The news is unfortunate to see, though also reflects what we hope are aggressive actions on the part of management to address lingering credit issues to a point where 2026 can look like a bit more of a normal year for the bank," Piper Sandler analysts say
One of three brokerages rates the stock "strong buy" and two "hold"; median PT $9.50 - data compiled by LSEG
BCBP stock slumped 31.8% in 2025
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