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Exhibit 99.1 The IR Group CONTACT : THOMAS COUGHLIN , BCB BANCORP , INC . BCB Bancorp , Inc. Earns $ 8.3 Million in Third Quarter 2021 ; Declares Quarterly Cash Dividend of $ 0.16 Per Share PRESIDENT & CEO THOMAS KEATING , CFO ( 201 ) 823-0700 BAYONNE , N.J. , October 21 , 2021 - BCB Bancorp , Inc. ( the " Company " ) , ( NASDAQ : BCBP ) , the holding company for BCB Community Bank ( the " Bank " ) , today reported net income of $ 8.3 million for the third quarter of 2021 , compared to $ 8.1 million in the second quarter of 2021 , and $ 8.3 million for the third quarter of 2020. Earnings per diluted share for the third quarter of 2021 were $ 0.47 , compared to $ 0.45 in the preceding quarter and $ 0.47 in the third quarter of 2020. For the first nine months of the year , net income increased 73.2 percent to $ 23.5 million , or $ 1.31 per diluted common share , compared to $ 12.5 million , or $ 0.73 per diluted common share , for the first nine months of 2020 . The Company announced that its Board of Directors declared a regular quarterly cash dividend by of $ 0.16 per share . The dividend will be payable on November 15 , 2021 to common shareholders of record on November 1 , 2021. The Company recently increased its quarterly cash dividend from $ 0.14 to $ 0.16 with the payment of last quarter's dividend . " We delivered solid earnings for the third quarter and first nine months of 2021 , fueled by net interest income generation together with our disciplined approach to managing core operating expenses , ” stated Thomas Coughlin , President and Chief Executive Officer . " Despite the challenging low interest rate environment , our continued efforts to manage our cost of funds helped expand our net interest margin by 48 basis points during the third quarter of 2021 from the third quarter a year ago . Further , our performance metrics continue to improve with an annualized return on average assets of 1.13 percent , and an annualized return on average equity of 12.8 percent for the third quarter . Our strong financial performance is a reflection of the hard work of our employees who have done an excellent job providing the personal attention that our local customers have come to expect from us . " " Although our credit metrics remain strong , we continue to closely monitor our loan portfolio and asset quality metrics , and have sound credit monitoring structures in place , " said Mr. Coughlin . " Our total non - accrual loans increased to $ 20.7 million at September 30 , 2021 from $ 16.4 million at December 31 , 2020 , while our level of total impaired and classified loans improved to $ 58.9 million and $ 48.5 million from $ 83.2 million and $ 68.6 million , respectively , at December 31 , 2020. Despite the concerns surrounding the pandemic , we recognized net recoveries of $ 4,000 in loans for the most recent quarter , on a total reserve balance of $ 38.2 million and a net portfolio balance of $ 2.290 billion . We believe our reserve levels are sufficient to cover potential loan losses stemming from the pandemic . Additionally , the Bank had no loans on deferment as of September 30 , 2021. " Executive Summary On October 13 , 2021 , the Company's Board of Directors declared a regular quarterly cash dividend of $ 0.16 per share . The dividend will be payable on November 15 , 2021 to common shareholders of record on November 1 , 2021 . Net interest margin was 3.46 percent for the third quarter of 2021 , compared to 3.47 percent for the second quarter of 2021 , and a 48 basis point improvement from 2.98 percent for the third quarter of 2020 . • • Total yield on interest - earning assets decreased 9 basis points to 3.95 percent for the third quarter of 2021 , compared to 4.04 percent for the second quarter of 2021 , and decreased 11 basis points from 4.06 percent for the third quarter of 2020 . Total cost of interest - bearing liabilities decreased 8 basis points to 0.66 percent for the third quarter of 2021 , compared to 0.74 percent for the second quarter of 2021 , and decreased 69 basis points from 1.35 percent for the third quarter of 2020 . Net income was $ 8.3 million in the third quarter of 2021 , compared to $ 8.1 million in the prior quarter and $ 8.3 million in the third quarter a year ago . Earnings per diluted share were $ 0.47 in the third quarter of 2021 , compared to $ 0.45 in the prior quarter , and $ 0.47 in the third quarter of 2020 .