Blue Foundry Bancorp

Blue Foundry Bancorp operates as a bank holding company for Blue Foundry Bank, a savings bank that offers various banking products and services for individuals and businesses. It offers deposits and loans, such as one-to-four family residential property, home equity, commercial real estate, multi-family, construction, commercial & industrial and other consumer loans, as well as home equity lines of credit. It operates branches in Bergen, Morris, Essex, and Passaic Counties. The company was founded in 1939 and is headquartered in Rutherford, NJ.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Blue Foundry Bancorp reports solid Q4 earnings amidst rate challenges

Blue Foundry Bancorp delivered a solid financial performance in Q4 2022, driven by net income and core deposit growth, despite challenges in net interest income.
The company's focus on expense management, loan growth, and asset quality positions it well for future growth and shareholder value enhancement.
Opportunities in loan portfolio expansion, customer base growth, and interest rate optimization present avenues for continued success and profitability.

Blue Foundry Bancorp reports Q1 loss, focuses on capital strength

Blue Foundry Bancorp navigated funding challenges in Q1 2023 while focusing on capital strength and liquidity management.
Despite a net loss, the company implemented measures to improve funding costs and enhance shareholder value.
Opportunities for growth and profitability exist through strategic loan portfolio expansion and expense optimization.

Blue Foundry Bancorp reports cost savings and loan growth focus

Blue Foundry Bancorp's Q2 2023 performance saw a decline in operating expenses and a boost in tangible book value per share.
While facing challenges like a net loss and increased interest expenses, the company maintained strong credit quality and liquidity.
Opportunities lie in expanding loan portfolios, focusing on small- to medium-sized businesses, and exploring growth in various loan products.
Balancing funding sources and cost-saving initiatives are key strategies for sustainable growth and financial stability.

Blue Foundry Bancorp manages margin pressure, eyes capital optimization

Blue Foundry Bancorp navigated margin pressure through expense management and maintaining strong capital and liquidity positions. Despite challenges in net interest income and loan balances, the company focused on high-quality loans and efficiency improvements. Opportunities lie in expanding banking relationships and capital optimization through share repurchases.

Blue Foundry Bancorp faces challenges but maintains strong capital

Blue Foundry Bancorp navigated challenges in 2023 with a focus on capital strength, share repurchases, and organic deposit growth amidst a tough economic environment.
Despite a net loss in Q4, the bank's asset quality remained strong, expenses were managed effectively, and opportunities for loan growth and higher yields are on the horizon.
With a stable asset quality, robust capital levels, and a strategic focus on growth and efficiency, Blue Foundry Bancorp is poised to navigate uncertainties and capitalize on opportunities in 2024.

Blue Foundry Bancorp reports Q1 growth despite net loss

Blue Foundry Bancorp's Q1 2024 performance showed deposit growth, reduced loan-to-deposit ratio, and a share repurchase program boosting tangible book value. While facing a net loss, the company remains well-capitalized and focused on growth opportunities through loan origination and expense optimization.

Blue Foundry Bancorp reports improved Q2 performance and growth opportunities

Blue Foundry Bancorp's Q2 2024 performance reflects progress in key financial metrics despite facing challenges in expense management and profitability.
The company's strategic initiatives to improve deposit growth, net interest margin, and asset quality position it well for future growth opportunities.
By addressing challenges and capitalizing on opportunities, Blue Foundry Bancorp aims to strengthen its financial position and drive sustainable value for shareholders.

Blue Foundry Bancorp reports Q3 loss, eyes growth opportunities

Blue Foundry Bancorp faced a net loss but demonstrated strength in deposit and loan growth, maintaining a well-capitalized position.
Challenges include a decrease in net interest income and margin, alongside flat expenses and declining yields on assets.
Opportunities lie in expanding the commercial credit pipeline, optimizing the investment portfolio, and enhancing cost efficiency.
Overall, the bank's performance reflects a mix of challenges and strengths, with potential for growth through strategic initiatives.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

RUTHERFORD, N.J., Jan. 12, 2022 (GLOBE NEWSWIRE) -- Blue Foundry Bancorp (NASDAQ: BLFY) (the “Company”), the holding company for Blue Foundry Bank, announced that on the morning of Wednesday, January 26, 2022 it will release financial results for the quarter and year ended December 31, 2021. A copy of the earnings release will be available on the Company's website, https://ir.bluefoundrybank.com/ , in the News section, and at the SEC's website, www.sec.gov.

Blue Foundry Bancorp Schedules Fourth Quarter 2021 Earnings Conference Call

RUTHERFORD, N.J., Oct. 22, 2021 (GLOBE NEWSWIRE) -- Blue Foundry Bancorp (NASDAQ:BLFY) (the “Company”), the holding company for Blue Foundry Bank (the “Bank”), today reported a net loss of $14.97 million, or $0.68 per diluted common share, for the three months ended September 30, 2021 compared to a net loss of $1.7 million for the three months ended September 30, 2020, and a net loss of $16.7 million for the nine months ended September 30, 2021, compared to a net loss of $29.7 million for the nine months ended September 30, 2020.

Blue Foundry Bancorp Reports Third Quarter 2021 Results

RUTHERFORD, N.J., Oct. 08, 2021 (GLOBE NEWSWIRE) -- Blue Foundry Bancorp (NASDAQ: BLFY) (the “Company”), the holding company for Blue Foundry Bank, announced that it will release financial results for the quarter ended September 30, 2021 on the morning of Friday, October 22, 2021. A copy of the earnings release will be available on the Company's website, https://ir.bluefoundrybank.com/ , in the News section and at the SEC's website, www.sec.gov.

Blue Foundry Bancorp Schedules Third Quarter 2021 Earnings Conference Call

RUTHERFORD, N.J.--(BUSINESS WIRE)--Blue Foundry Bancorp (NASDAQ:BLFY) (the “Company”), the holding company for Blue Foundry Bank (the “Bank”), today reported a net loss of $1.0 million for the three months ended June 30, 2021 compared to a net loss of $16.7 million for the three months ended June 30, 2020, and a net loss of $1.7 million for the six months ended June 30, 2021 compared to a net loss of $28.1 million for the six months ended June 30, 2020. The improvement in net loss for those com

Blue Foundry Bancorp Reports Second Quarter 2021 Results

News for Blue Foundry Bancorp Stock (BLFY)