What caused BCBP's Q2 2024 earnings to miss forecasts?

BCBP's Q2 2024 earnings fell short of forecasts due to a combination of factors:

1. **Lower Revenue**: The bank's revenue for the quarter was $20.41 million, which is below the expected figures. This decline in revenue contributed significantly to the earnings shortfall.
2. **Earnings Per Share (EPS) Miss**: The actual EPS for BCBP in Q2 2024 was $0.14, while the forecasted EPS was $0.30. This significant mismatch in EPS expectations indicates that the bank's profitability for the period was much lower than anticipated.
3. **Director's Acquisition of Shares**: Director Mark D. Hogan acquired 1,422 shares on May 3rd and 5,000 shares on May 29th, 2024. Although these acquisitions reflect confidence from the insider, they do not directly impact the Q2 2024 earnings miss, which had already occurred.

In summary, BCBP's Q2 2024 earnings fell below forecasts due to lower revenue and a lower EPS, with the former likely influenced by broader economic conditions and business strategies, and the latter possibly due to operational inefficiencies or strategic decisions affecting profitability.