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 (NASDAQ: BLFY) is the holding company for Blue Foundry Bank, a full-service savings institution headquartered in Rutherford, New Jersey with a presence across multiple northern New Jersey counties. This news page aggregates company-issued announcements, earnings releases, and other public updates so readers can follow developments affecting the bank and its stock.
Recent news for Blue Foundry Bancorp has focused on quarterly and annual financial results, loan and deposit trends, stock repurchase activity, and a proposed merger. The company regularly issues earnings releases discussing net interest income, net interest margin, loan portfolio composition, deposit growth, non-interest expenses, and asset quality metrics such as non-performing loans and the allowance for credit losses. These updates provide insight into how the bank is managing its balance sheet, funding mix, and credit risk within its regional markets.
Blue Foundry Bancorp also announces corporate actions through news releases, including the authorization of stock repurchase programs and the scheduling of earnings conference calls for investors and analysts. In June 2025, the company announced its sixth stock repurchase program, and it has reported cumulative share repurchases under multiple programs. In November 2025, Blue Foundry and Fulton Financial Corporation announced that they had entered into a definitive merger agreement under which Fulton will acquire Blue Foundry in an all-stock transaction, subject to regulatory and stockholder approvals and other customary conditions.
Visitors to this page can review historical and current news items to understand how Blue Foundry Bancorp’s strategy, financial performance, and corporate structure are evolving over time. The coverage reflects company communications on topics such as loan portfolio diversification, core deposit growth, capital levels, and the proposed merger with Fulton Financial Corporation.
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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