UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): May 12, 2004
BCSB Bankcorp, Inc.
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(Exact Name of Registrant as Specified in Charter)
United States 0-24589 52-2108333
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(State or Other Jurisdiction of (Commission (I.R.S. Employer
Incorporation) File Number) Identification No.)
4111 E. Joppa Road, Suite 300, Baltimore, Maryland 21236
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (410) 256-5000
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Not applicable
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(Former Name or Former Address, if Changed Since Last Report)
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE
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On May 12, 2004, BCSB Bankcorp, Inc. (the "Company") announced that it
would shortly be filing an amendment to its Quarterly Report on Form 10-Q for
the quarter ended December 31, 2003 to restate its consolidated statement of
financial condition as of December 31, 2003 and its consolidated statements of
operations for the three months ended December 31, 2003 to correct the
accounting treatment for a Bank Owned Life Insurance ("BOLI") policy. Subsequent
to the issuance of the Company's consolidated financial statements as of and for
the three months ended December 31, 2003 and the filing of its Quarterly Report
on Form 10-Q for the quarter ended December 31, 2003, the Company determined
that it had incorrectly accounted for its income tax provision related to the
BOLI policy. The effect of the restatement is to reduce the Company's income tax
provision to $53,708 for the three months ended December 31, 2003 from $91,560
previously reported, thereby increasing net income from $188,057, or $.03 basic
and diluted earnings per share, to $225,909, or $.04 basic and diluted earnings
per share. Total stockholders' equity at December 31, 2003 increases to
$44,309,111 from $44,271,259 previously reported.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
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(a) Not applicable.
(b) Not applicable.
(c) The following exhibit is filed herewith:
Exhibit 99.1 Press Release dated May 12, 2004
ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION
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On May 12, 2004, BCSB Bancorp, Inc. issued a press release announcing its
unaudited financial results for the three and six months ended March 31, 2004. A
copy of the press release is attached to this Report as an exhibit and is
furnished herewith.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BCSB BANKCORP, INC.
(Registrant)
Date: May 13, 2004 By: /s/ Gary C. Loraditch
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Gary C. Loraditch
President