BCB Bancorp, Inc. named to prestigious Piper Sandler Sm-All Stars Class of 2023
29 September 2023 - 11:00PM
BCB Bancorp, Inc. (NASDAQ: BCBP) has been named to the Piper
Sandler 2023 Bank & Thrift Sm-All Stars, a listing of the top
performing small-cap banks and thrifts in the nation, identifying
BCBP as one of the top performing small-cap banks and thrifts in
the country. BCB Bancorp was one of only 31 banks and thrifts named
to the list, eliminating 315 institutions, or 91% of banks and
thrifts that trade on a major exchange.
BCB Bancorp has been named to the annual list
for the fourth time and is the only bank headquartered in New
Jersey on the list.
Piper Sandler evaluated approximately 350
publicly traded banks and thrifts with a market cap below $2.5
billion to identify the 31 small-cap depository institutions that
stood out in the industry and comprise the Class of 2023. Each
institution was evaluated for growth, profitability, credit quality
and capital strength, based on seven financial variables:
year-over-year growth trends in (1) EPS, (2) loans, and (3)
deposits, and, as a measure of profitability, the last twelve
months (4) ROAE were also included. Asset quality measures included
(5) nonperforming assets to loans plus OREO ratio and (6) net
charge-off ratio. Finally, the (7) TCE/TA ratio as an indicator of
capital levels were also included. The exceptional performance
metrics achieved in these areas for the Sm-All Starts Class of 2023
easily exceeded industry medians.
“We are very pleased and honored to receive this
designation for the fourth time,” said Thomas Coughlin, President
and CEO. “It shows our continued commitment to building a strong
franchise.”
Piper Sandler Companies is an American
independent investment bank and financial services company. The
purpose of its annual Bank & Thrift Sm-All Stars list is “to
identify the top performing small -cap banks and thrifts in the
country. In doing this, we hope to uncover the next crop of stellar
mid-cap banks before they are discovered by the rest of the world,”
the company stated in the report.
About BCB Bancorp, Inc.
Established in 2000 and headquartered in
Bayonne, N.J., BCB Community Bank is the wholly-owned subsidiary of
BCB Bancorp, Inc. (NASDAQ: BCBP). The Bank has 24 branch offices in
Bayonne, Edison, Hoboken, Fairfield, Holmdel, Jersey City,
Lyndhurst, Maplewood, Monroe Township, Newark, Parsippany,
Plainsboro, River Edge, Rutherford, South Orange, Union, and
Woodbridge, New Jersey, and four branches in Hicksville and Staten
Island, New York. The Bank provides businesses and individuals a
wide range of loans, deposit products, and retail and commercial
banking services. For more information, please go to
www.bcb.bank.
Contact: |
|
Pam
Sclafane |
Ryan
Blake |
Vice President, Marketing |
Chief Operating Officer |
201.823.0700, ext. 2038 |
201.823.0700, ext. 2076 |
psclafane@BCB.Bank |
rblake@BCB.Bank |
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