BCB Bancorp (BCBP) investor relations material

Leadership transition and update

• Thomas M. O'Brien, with 48 years of experience leading six banking companies, was appointed President and CEO effective June 1, 2026, and elected to the boards of both the company and the bank.

• O'Brien brings expertise in managing banks facing complex challenges and plans to spend the first 90 days gaining in-depth knowledge of the institution.

• Immediate attention will be given to the bank's complex capital structure, significant fixed debt, and the need to address criticized and classified loans.

• Emphasis on transparency, clarity, and long-term value creation over short-term earnings or loan growth metrics.

• Willingness to consider restructuring or capital raise if necessary to ensure the bank remains well-capitalized.

Strategic priorities and outlook

• Leadership change aims to address recent operational and credit challenges and accelerate improvement efforts.

• Immediate focus is on resolving asset quality issues and validating tangible book value, given the stock's significant discount to book.

• O'Brien's immediate focus is identifying areas needing improvement and launching an aggressive program to address them.

• Longer-term success will be evaluated by regulatory ratings, market multiples, and the ability to provide value to all stakeholders.

• Plans for regular and transparent communication with stakeholders, with more clarity on future plans expected by late summer.

Credit risk and remediation strategy

• Top priority is to quantify and contain risk from certain lending categories that have led to volatility and market concerns.

• Aggressive approach to credit remediation, aiming for swift resolution rather than gradual action.

• Focus on providing transparency and clarity on credit risk by the end of the third quarter.

• Success will be measured by regulatory ratings, stock price performance, and the strength of the balance sheet.