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The IR Group BCB Bank CONTACT : THOMAS COUGHLIN , PRESIDENT & CEO THOMAS KEATING , CFO ( 201 ) 823-0700 Exhibit 99.1 BCB Bancorp , Inc. Earns $ 7.1 Million in First Quarter 2021 ; Declares Quarterly Cash Dividend of $ 0.14 Per Share BAYONNE , N.J. , April 21 , 2021 — BCB Bancorp , Inc. ( the “ Company ” ) , ( NASDAQ : BCBP ) , the holding company for BCB Community Bank ( the " Bank " ) , today reported net income of $ 7.1 million for the first quarter of 2021 , compared to $ 7.3 million in the fourth quarter of 2020 , and $ 2.5 million in the first quarter of 2020. Earnings per diluted share in the first quarter of 2021 were $ 0.40 , compared to $ 0.41 in the preceding quarter and $ 0.12 in the first quarter of 2020. The Company also announced that its Board of Directors declared a regular quarterly cash dividend of $ 0.14 per share . The dividend will be payable May 24 , 2021 , to common shareholders of record on May 10 , 2021 . " Earnings for the first quarter of the year were strong , with higher net interest income and improved efficiencies , " stated Thomas Coughlin , President and Chief Executive Officer . " Loan accommodations continued to decline during the quarter as our clients experienced steady recoveries and local markets resumed activity . We have remained focused on credit quality and maintaining our strong capital position while helping our customers . Our continued efforts to deleverage the balance sheet , control interest expense , and deploy excess cash helped expand our net interest margin by 13 basis points during the first quarter of 2021 , compared to the prior quarter . We believe our reserve levels are adequate to cover potential loan losses stemming from the pandemic . As the Federal Reserve anticipates economic growth in the second half of the year and as vaccinations continue to roll out , the Company has laid a solid foundation from which to emerge from the pandemic even stronger . " At the early onset of the pandemic , we were active participants in the first round of the Small Business Administration's ( " SBA " ) Paycheck Protection Program ( “ PPP ” ) , allowing us to assist approximately 1,100 of our customers who received $ 133 million in PPP funding during 2020. As regulations , guidance , and the forgiveness process for PPP loans continued to evolve , we recognized the operational risk and complexity associated with this portfolio . As a result , we sold the PPP loan portfolio during the fourth quarter of 2020 to a third party . ” " The Company is particpating in the latest round of PPP lending pursuant to the Consolidated Appropriations Act of 2021 ( " CAA " ) , the PPP Extension Act of 2021 and the American Rescue Plan Act ( " ARPA " ) . The CAA provided additional COVID - 19 stimulus relief and included $ 284 billion allocated for another round of PPP lending . The program offered new PPP loans for companies that did not receive a PPP loan in 2020 , as well as second - draw loans targeted at hard - hit businesses that have already spent their initial PPP proceeds . " We have been active participants in this new round of PPP funding by partnering as a referral agent with an SBA Small Business Lending Company , The Loan Source Inc. , for the application , forgiveness , and ongoing - service process of PPP loans , thereby eliminating our operational risk and allowing us to continue to help our business customers as we did during the first round of funding , " said Coughlin . Executive Summary Net interest margin was 3.48 percent for the first quarter of 2021 , a 13 - basis point increase compared to 3.35 percent for the fourth quarter of 2020 , and an 85 - basis point improvement from 2.63 percent for the first quarter of 2020 . Total yield on interest - earning assets decreased 3 basis points to 4.15 percent for the first quarter of 2021 , compared to 4.18 percent for the fourth quarter of 2020 , and increased 3 basis points from 4.12 percent for the first quarter of 2020 . Total cost of interest - bearing liabilities decreased 19 basis points to 0.85 percent for the first quarter of 2021 , compared to 1.04 percent for the fourth quarter of 2020 and decreased 93 basis points from 1.78 percent for the first quarter of 2020 .