BCB Bancorp Inc. Takes $15.1 Million Write-Down on Cannabis-Related Property

Reuters

Jan 16

BCB Bancorp Inc. Takes $15.1 Million Write-Down on Cannabis-Related Property

BCB Bancorp Inc. has announced a material impairment related to an isolated cannabis-related real estate owned property, resulting in a pre-tax writedown of $15.1 million. This follows a previously disclosed $12.7 million charge-off on the same property after it was transferred to the REO category in the third quarter of 2025. Additionally, the company will record $16.4 million in net charge-offs for the fourth quarter of 2025, primarily tied to its commercial and industrial loan portfolio, including a $6.4 million C&I loan and $1.4 million in "Business Express" loans. The company states that its financial position remains strong enough to absorb these losses without affecting operations and will release full fourth-quarter results on January 30, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BCB Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-014695), on January 16, 2026, and is solely responsible for the information contained therein.

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Takes $15.1 Million Write-Down on Cannabis-Related Property","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      BCB Bancorp Inc. Takes $15.1 Million Write-Down on Cannabis-Related Property\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        BCB Bancorp Inc. has announced a material impairment related to an isolated cannabis-related real estate owned property, resulting in a pre-tax writedown of $15.1 million. This follows a previously disclosed $12.7 million charge-off on the same property after it was transferred to the REO category in the third quarter of 2025. 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Takes $15.1 Million Write-Down on Cannabis-Related Property\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-01-16 21:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      BCB Bancorp Inc. Takes $15.1 Million Write-Down on Cannabis-Related Property\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        BCB Bancorp Inc. has announced a material impairment related to an isolated cannabis-related real estate owned property, resulting in a pre-tax writedown of $15.1 million. This follows a previously disclosed $12.7 million charge-off on the same property after it was transferred to the REO category in the third quarter of 2025. Additionally, the company will record $16.4 million in net charge-offs for the fourth quarter of 2025, primarily tied to its commercial and industrial loan portfolio, including a $6.4 million C&amp;I loan and $1.4 million in \"Business Express\" loans. 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ID: 0001193125-26-014695), on January 16, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BCBP","symbol_name":"BCB银行","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260116:nNDL3D7JRj:1","article_id":"2603999911","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2603999911","pubTimestamp":1768571152,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BCB Bancorp Inc. has announced a material impairment related to an isolated cannabis-related real estate owned property, resulting in a pre-tax writedown of $15.1 million. 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Takes $15.1 Million Write-Down on Cannabis-Related Property\n    \n\n        BCB Bancorp Inc. has announced a material impairment related to an isolated cannabis-related real estate owned property, resulting in a pre-tax writedown of $15.1 million. This follows a previously disclosed $12.7 million charge-off on the same property after it was transferred to the REO category in the third quarter of 2025. Additionally, the company will record $16.4 million in net charge-offs for the fourth quarter of 2025, primarily tied to its commercial and industrial loan portfolio, including a $6.4 million C&I loan and $1.4 million in \"Business Express\" loans. The company states that its financial position remains strong enough to absorb these losses without affecting operations and will release full fourth-quarter results on January 30, 2026.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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