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 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.
Blue Foundry Bancorp (NASDAQ:BLFY) reported a net loss of $4.0 million, or $0.19 per diluted share, for Q3 2024, compared to a net loss of $2.3 million in Q2 2024. Key highlights include: deposits increased by $7.5 million to $1.32 billion; interest income rose by $240,000 to $21.5 million; net interest margin decreased 14 basis points to 1.82%. The company maintained strong capital position with tangible book value at $14.74 per share. Credit quality improved with a 17% reduction in non-performing loans. The company repurchased 521,685 shares at an average price of $10.52.
Blue Foundry Bancorp (NASDAQ: BLFY) has announced its upcoming Third Quarter 2024 Earnings Conference Call. The company will release its financial results for the quarter ended September 30, 2024, on the morning of Wednesday, October 23, 2024. The earnings release will be available on the company's website and the SEC's website.
A conference call for investors and analysts will be held on the same day at 11:00 AM (ET), where Blue Foundry Bancorp representatives will discuss the Q3 2024 earnings and address live questions from analysts. The call will be recorded and available on the company's website for one month.
Participants are encouraged to pre-register for the webcast using the provided link. For those unable to join via webcast, dial-in information is provided for both US and international callers.
Blue Foundry Bancorp (NASDAQ:BLFY) reported a net loss of $2.3 million, or $0.11 per diluted common share, for Q2 2024. Despite the loss, the company saw positive deposit growth of $20.0 million (1.55%) compared to the previous quarter. Key highlights include:
- Interest income increased by $450,000 (2.2%) to $21.3 million
- Net interest margin improved by 4 basis points to 1.96%
- Book value per share was $14.70 and tangible book value per share was $14.69
- 386,352 shares were repurchased at an average price of $8.84 per share
The company maintains a strong capital position and focus on growing commercial loan portfolios, with increases in commercial real estate and construction lending. Uninsured deposits to third-party customers totaled approximately 12% of total deposits as of June 30, 2024.
Blue Foundry Bancorp (Nasdaq: BLFY) has appointed John F. Kuntz, Esq. as a Director of both the Company and its subsidiary, Blue Foundry Bank. Mr. Kuntz brings extensive experience in financial, legal, and operational matters from his previous role as Senior Executive Vice President and Chief Administrative Officer of Provident Bank. His expertise includes managing various departments, participating in bank transactions, and serving as General Counsel and Corporate Secretary.
Mr. Kuntz's appointment is expected to provide additional perspective and depth to the organization, particularly in areas such as charitable foundations. His background includes membership in the American Bankers Association General Counsels Group and the Society for Corporate Governance. He holds a law degree from New York Law School and is licensed to practice in New Jersey and New York.
Blue Foundry Bancorp (NASDAQ: BLFY), the holding company for Blue Foundry Bank, will release its financial results for the quarter ended June 30, 2024, on the morning of July 24, 2024. The report will be available on the Company's website and the SEC's website. A conference call for investors and analysts will follow on the same day at 11:00 AM ET to discuss the results. A recording of the call will be available on the Company’s website for one month. Participants are encouraged to pre-register for the webcast or dial-in if unable to join via webcast.
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