BCB Bancorp, Inc., the New Jersey-based holding company for BCB Community Bank, priced an underwritten public offering of 11,000,000 common shares for gross proceeds of $85,250,000 before underwriting discounts, commissions and estimated expenses. Shares fell 20.6% in after-hours trading Wednesday after the offering was announced. Piper Sandler & Co. is the sole book-running manager, and the offering is expected to close on September 18, 2026, subject to customary conditions. BCB Bancorp granted the underwriter a 30-day option to purchase up to 1,650,000 additional shares. The company plans to use net proceeds for liquidity, working capital, bank capital supporting the expected disposition of identified potential problem loans, debt reduction and maintaining acceptable capital and liquidity ratios. The bank is marketing approximately $210 million of problem loans as of June 30, 2026, while separately marketing cannabis-related business lines representing about $69 million of loans and $70 million of deposits. It expects third-quarter 2026 credit-loss provisions of $112 million to $120 million, including an anticipated $87 million pretax loss on loan sales, and a net loss of $126.2 million to $136.1 million.