Welcome to our dedicated page for Blue Foundry Ban news (Ticker: BLFY), a resource for investors and traders seeking the latest updates and insights on Blue Foundry Ban stock.
Blue Foundry Bancorp (BLFY) delivers innovative banking solutions through residential/commercial mortgages and deposit services. This news hub provides investors and stakeholders with essential updates about the institution's financial operations and market position.
Access curated press releases and analysis covering earnings reports, loan portfolio developments, leadership changes, and strategic initiatives. Our repository simplifies tracking BLFY's performance in real estate financing and commercial lending sectors.
Key focus areas include mortgage rate adjustments, securities investment updates, regulatory compliance developments, and home equity product innovations. All content undergoes strict verification to ensure factual reporting aligned with financial disclosure standards.
Bookmark this page for streamlined access to BLFY's verified financial communications. Combine our updates with SEC filings and earnings calls for comprehensive market analysis.
Blue Foundry Bancorp (NASDAQ:BLFY) reported a Q3 2025 net loss of $1.9M ($0.10 per diluted share) versus a loss of $4.0M in Q3 2024. Loans rose to $1.715B (up $41.9M q/q; +$131.4M YTD) and deposits reached $1.493B (up $77.1M q/q; +$150.1M YTD). Net interest margin expanded to 2.34% (up 6 bps q/q; +52 bps y/y) as yield on earning assets improved to 4.67%.
Highlights: tangible book value exceeded $15 per share, 837,388 shares were repurchased (avg $9.09), provision for credit losses was $589K in the quarter, allowance for credit losses was 0.81% of loans, and non-performing loans rose to $11.4M (0.66%) driven by one $5.3M commercial credit with legal proceedings underway.
Blue Foundry Bancorp (NASDAQ: BLFY) will release third quarter 2025 financial results on the morning of Wednesday, October 29, 2025. The company will host a live conference call and webcast for investors and analysts on October 29, 2025 at 11:00 AM ET to discuss Third Quarter 2025 earnings and will take live questions from analysts. The earnings release will be posted in the company’s News section at https://ir.bluefoundrybank.com/ and filed on SEC.gov. The call will be recorded and available on the company website for one month.
Participants are encouraged to pre-register via the provided webcast link; dial-in numbers and an access code are available for those who cannot join the webcast.
Blue Foundry Bancorp (NASDAQ:BLFY) reported Q2 2025 results with a net loss of $2.0 million, or $0.10 per diluted share, showing improvement from Q1 2025's loss of $2.7 million. The quarter saw positive developments in key metrics, with loans increasing by $47.4 million to $1.67 billion and deposits growing by $29.1 million to $1.42 billion.
Notable improvements include a 12 basis point increase in net interest margin to 2.28%, interest income growth of 3.2% to $23.4 million, and a 1.4% decrease in interest expense. The company continued its share repurchase program, buying back 406,391 shares at an average price of $9.42 per share, and launched its sixth repurchase program for up to 1,082,533 shares.
The bank maintained strong asset quality with an allowance for credit losses ratio of 0.80% and non-performing loans at 0.38% of total loans. Core deposits represented 48.4% of total deposits, with uninsured deposits at 12% of total deposits.
Blue Foundry Bancorp (NASDAQ: BLFY) has scheduled its Second Quarter 2025 earnings conference call for Wednesday, July 30, 2025, at 11:00 AM ET. The company will release its financial results for the quarter ended June 30, 2025, on the morning of the same day.
The earnings release will be accessible through the company's investor relations website and the SEC's website. The conference call will feature a live Q&A session with analysts, and a recording will be available on the company's website for one month. Participants can join via webcast through pre-registration or dial in directly using the provided toll-free numbers.
Blue Foundry Bancorp (NASDAQ: BLFY) has announced its sixth stock repurchase program, authorizing the buyback of up to 1,082,533 shares (approximately 5% of outstanding common stock) starting June 20, 2025. The company has successfully completed five previous repurchase programs since July 2022, buying back 7,798,723 shares (27.3%) at an average price of $10.09 per share.
The company's tangible book value stands at $14.81 per share as of March 31, 2025, indicating the repurchases are being made at a significant discount. The program allows for open market or private transactions, with timing and volume dependent on market conditions and other factors.
Blue Foundry Bancorp reported a net loss of $2.7 million ($0.13 per share) for Q1 2025, matching Q4 2024's loss but showing slight improvement from Q1 2024's $2.8 million loss. Despite the losses, the bank demonstrated positive trends with a 27 basis points increase in net interest margin to 2.16%.
Key highlights include:
- Deposits grew by $43.9 million to $1.39 billion
- Loans increased by $42.2 million to $1.63 billion
- Interest income rose 4.3% to $22.7 million
- Interest expense decreased 2.8% to $12.0 million
- Tangible book value reached $14.81 per share
The bank maintained strong credit quality with non-performing assets at 0.27% of total assets. Notable portfolio changes included a $34.3 million increase in consumer loans and $28.5 million growth in commercial real estate, while multifamily loans decreased by $25.7 million. The bank's uninsured deposits remained low at 11% of total deposits.
Blue Foundry Bancorp (NASDAQ: BLFY) has announced it will release its first quarter 2025 financial results on Wednesday, April 30, 2025. The earnings release will be available on the company's investor relations website and the SEC's website.
The company will host a conference call for investors and analysts at 11:00 AM (ET) on the same day, where representatives will discuss Q1 2025 earnings and address live questions from analysts. The recorded call will be accessible on the company's website for one month.
Participants can pre-register for the webcast through a provided link, or join via phone using the toll-free number (1-833-470-1428) for US callers or international number (1-404-975-4839) with access code 556514.
Blue Foundry Bancorp (NASDAQ:BLFY) reported a net loss of $11.9 million ($0.55 per share) for 2024, compared to a $7.4 million loss in 2023. The fourth quarter 2024 showed a net loss of $2.7 million ($0.13 per share).
Key Q4 2024 metrics include: loans totaling $1.58 billion (up $32.5 million from Q3), deposits at $1.34 billion (up $24.7 million), interest income of $21.8 million (up 1.2%), and net interest margin increasing to 1.89%. The company maintained strong credit quality with non-performing loans at 0.33% of total loans.
Notable developments include: $480,851 shares repurchased at average $10.49 per share, tangible book value per share at $14.74, and uninsured deposits representing 11% of total deposits. The allowance for credit losses to total loans stood at 83 basis points, covering non-performing loans by over 2.5 times.
Blue Foundry Bancorp (NASDAQ: BLFY) has announced it will release its financial results for Q4 and full-year 2024 on Wednesday, January 29, 2025, before market open. The company will host a conference call for investors and analysts at 11:00 AM ET on the same day.
The earnings release will be available on the company's investor relations website and the SEC's website. The conference call will include a live Q&A session with analysts, and a recording will be accessible on the company's website for one month. Participants can pre-register for the webcast or join via phone using the provided dial-in numbers.
Blue Foundry Bancorp (NASDAQ: BLFY) has completed its fourth stock repurchase program and announced a new fifth program to buy back up to 1,139,420 shares (5% of outstanding stock) starting November 8, 2024. Since July 2022, the company has repurchased 6,659,303 shares (23.3%) at an average price of $10.14. The company's tangible book value per share was $14.74 as of September 30, 2024. The new program allows repurchases through open market, private transactions, or block trades, with timing and amount depending on market conditions and other factors.