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BCB Bancorp (BCB Bancorp) Effective Interest Rate on Debt % : 19.98% (As of Mar. 2024)


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What is BCB Bancorp Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. BCB Bancorp's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was $104.6 Mil. BCB Bancorp's average total debt for the quarter that ended in Mar. 2024 was $523.5 Mil. Therefore, BCB Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 19.98%.


BCB Bancorp Effective Interest Rate on Debt % Historical Data

The historical data trend for BCB Bancorp's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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BCB Bancorp Effective Interest Rate on Debt % Chart

BCB Bancorp Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.16 12.24 8.31 6.30 17.61

BCB Bancorp Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.68 12.86 13.88 17.23 19.98

Competitive Comparison of BCB Bancorp's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, BCB Bancorp's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


BCB Bancorp's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, BCB Bancorp's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where BCB Bancorp's Effective Interest Rate on Debt % falls into.



BCB Bancorp Effective Interest Rate on Debt % Calculation

BCB Bancorp's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -84.298/( (433.628+523.75)/ 2 )
=-1  *  -84.298/478.689
=17.61 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=433.628 + 0
=433.628

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=505.75 + 18
=523.75

BCB Bancorp's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Dec. 2023 )+Total Debt  (Q: Mar. 2024 ))/ count )
=-1  *  -104.568/( (523.75+523.152)/ 2 )
=-1  *  -104.568/523.451
=19.98 %

where

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=505.75 + 18
=523.75

Total Debt  (Q: Mar. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=523.152 + 0
=523.152

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


BCB Bancorp  (NAS:BCBP) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


BCB Bancorp Effective Interest Rate on Debt % Related Terms

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BCB Bancorp (BCB Bancorp) Business Description

Industry
Traded in Other Exchanges
Address
104-110 Avenue C, Bayonne, NJ, USA, 07002
BCB Bancorp Inc is a bank holding company. The company offers loans, including commercial and multi-family real estate loans, home equity loans, construction loans, consumer loans, and commercial business loans; FDIC-insured deposit products, such as savings and club accounts, interest and non-interest bearing demand accounts, money market accounts, certificates of deposit and individual retirement accounts, and retail and commercial banking services, including wire transfers, money orders, safe deposit boxes, a night depository, debit cards, online banking, gift cards, fraud detection, and automated teller services.
Executives
James G. Rizzo director 104-110 AVENUE C, BAYONNE NJ 07002
Spencer B. Robbins director 104-110 AVENUE C, BAYONNE NJ 07002
Mark D Hogan director 104-110 AVE C, BAYONE NJ 07002
Ryan Blake officer: Chief Operating Officer 591-595 AVENUE C, BAYONNE NJ 07002
Mark Noto officer: Chief Loan Officer 104-110 AVENUE C, BAYONNE NJ 07002
Thomas Michael Coughlin director, officer: Chief Financial Officer 104 110 AVENUE C, BAYOONE NJ 07002
Vincent Jr Didomenico director 104-110 AVENUE C, BAYONNE NJ 07002
Robert Ballance director 104-110 AVE C, BAYONE NJ 07002
Judith Q Bielan director 104-110 AVE C, BAYONE NJ 07002
James Edward Collins director
Jawad Chaudhry officer: Chief Financial Officer 591-595 AVENUE C, BAYONNE NJ 07002
Joseph Lyga director 104-110 AVE C, BAYONE NJ 07002
David Roque Garcia officer: Chief Lending Officer 104-110 AVENUE C, BAYONNE NJ 07002
Kenneth Emerson officer: SVP/Chief Strategy &Risk Offcr 104-110 AVENUE C, BAYONNE NJ 07002
John Pulomena director 104-110 AVENUE C, BAYONNE NJ 07002

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