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.
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Blue Foundry Bancorp (NASDAQ:BLFY) reported a net loss of $1.2 million, or $0.05 per diluted share, for Q1 2023, a decline from net income of $553 thousand a year ago. This loss contrasts with a net income of $562 thousand in Q4 2022. Despite challenging market conditions, the company initiated a stock repurchase program for up to 5% of outstanding shares. Total loans grew by $40.9 million, or 2.7%, while deposits decreased by $44.3 million, or 3.4%. Interest income rose to $18.8 million, but interest expense surged by 48.4% to $6.9 million. The net interest margin decreased to 2.42%. The bank maintains strong capital ratios and has over $100 million in FDIC insurance coverage. Tangible book value per share stands at $14.06.
Blue Foundry Bancorp (BLFY) has announced a new stock repurchase program to buy back up to 1,335,126 shares, approximately 5% of its outstanding stock, succeeding its previous repurchase initiative. The first program, announced on July 20, 2022, authorized the purchase of up to 2,852,250 shares, with 2,723,979 shares repurchased for $30,240,939 at an average price of $11.10 per share by April 18, 2023. The new program reflects the company's strong capital position, as highlighted by President and CEO James D. Nesci, who emphasized that share repurchases represent a prudent capital use. Repurchases will occur based on market conditions and the company's financial performance, compliant with SEC regulations.
Blue Foundry Bancorp (NASDAQ: BLFY) announced it will release its financial results for Q1 2023 on April 26, 2023. The earnings report will be accessible on the Company's website and at the SEC's site. A conference call is scheduled for the same day at 11:00 AM (ET) to discuss the results, which will be recorded for future access. Investors are encouraged to pre-register for the call through the provided webcast link. Blue Foundry Bank serves various counties in New Jersey, providing tailored banking products to individuals and businesses. Established over 145 years ago, the bank emphasizes its commitment to community and customer service.