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Blue Foundry Bancorp

Blue Foundry Bancorp

NASDAQ•BLFY
CEO: Mr. James D. Nesci
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 2021-07-16
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 in the United States. The company offers saving, time, and non-interest bearing deposits; demand accounts; and loans, such as one-to-four family residential property, multi-family, residential real estate, non-residential real estate, consumer, construction, and commercial and industrial loans, as well as junior liens and home equity lines of credit. The company was formerly known as Boiling Springs Bancorp and changed its name to Blue Foundry Bancorp in July 2019. Blue Foundry Bancorp was founded in 1939 and is based in Rutherford, New Jersey.
Contact Information
19 Park Avenue, Rutherford, NJ, 07070, United States
201-939-5000
www.bluefoundrybank.com
Market Cap
$264.71M
P/E (TTM)
-34.6
15.1
Dividend Yield
--
52W High
$13.13
52W Low
$7.61
52W Range
93%
Rank51Top 71.3%
3.0
F-Score
Modified Piotroski Analysis
Based on 6-year fundamentals
Weak • 3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2020-2025

Financial Dashboard

Q3 2025 Data

Revenue

$0.00-100.00%
4-Quarter Trend

EPS

-$0.10-49.42%
4-Quarter Trend

FCF

-$70.00K-98.13%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

NII and NIM Expansion Net interest income grew 23.1% to $34.6M YTD; NIM expanded 36 basis points to 2.26% for nine months.
Net Loss Significantly Narrowed Nine-month net loss improved to $6.5M from $9.2M year-over-year, reflecting better operating performance.
Balance Sheet Asset Growth Total assets reached $2.16B by September 30, 2025; gross loans increased by $131.4M year-to-date.
Capital Adequacy Remains Strong Common Equity Tier 1 ratio was 17.63%, significantly exceeding the 4.50% regulatory minimum requirement.

Risk Factors

Non-Performing Loans Increased NPLs rose to $11.4M (0.7% of loans) compared to $9.1M (0.6%) at year-end 2024, driven by one credit.
Credit Loss Provisioning Rises Provision for credit losses on loans totaled $905K YTD, reflecting loan growth and economic forecast deterioration.
Off-Balance Sheet Allowance Grows Allowance for off-balance sheet exposures increased to $503K from $157K at December 31, 2024.
Deposit Mix Shifts to Brokered Brokered deposits increased to $275.0M, replacing retail time deposit reductions to fund loan originations.

Outlook

Interest Rate Shock Exposure EVE analysis indicates a potential 14.1% decrease in economic value from an instantaneous 100 basis point rate increase.
Loan Portfolio Diversification Focus Management implementing strategies to manage interest rate risk by diversifying loan portfolio composition.
Liquidity Position Adequate Available borrowing capacity is 2.2x total uninsured and uncollateralized deposits as of September 30, 2025.
New Accounting Standards Review Company evaluating impact of recently issued FASB ASUs, including those related to income tax disclosures.

Peer Comparison

Revenue (TTM)

First Internet BancorpINBK
$320.94M
+2.4%
OP BancorpOPBK
$163.43M
+8.9%
MainStreet Bancshares, Inc.MNSB
$138.62M
+2.0%

Gross Margin (Latest Quarter)

Hawthorn Bancshares, Inc.HWBK
70.5%
+6.7pp
Franklin Financial Services CorporationFRAF
62.9%
+1.7pp
OP BancorpOPBK
54.6%
+3.3pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
BLFY$264.71M-34.6-2.3%15.0%
FRAF$238.06M15.310.1%9.4%
FXNC$231.49M40.43.3%1.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
N/M
Revenue Volatile
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
25%
Cash Flow Needs Attention

Research & Insights

Next earnings:Feb 4, 2026
|
EPS:-$0.08
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 13, 2025|
    Revenue: $0.00-100.0%
    |
    EPS: $-0.10-49.4%
    N/A

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 12, 2025|
    Revenue: $23.84M+9.2%
    |
    EPS: $-0.10-10.4%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 12, 2025|
    Revenue: $23.11M+8.5%
    |
    EPS: $-0.13+0.0%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 27, 2025|
    Revenue: $87.25M+7.8%
    |
    EPS: $-0.55-77.4%
    Miss

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 13, 2024|
    Revenue: $21.92M+6.7%
    |
    EPS: $-0.19+216.7%
    Miss

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 9, 2024|
    Revenue: $21.83M+8.4%
    |
    EPS: $-0.11+37.5%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 14, 2024|
    Revenue: $21.29M+10.2%
    |
    EPS: $-0.13+160.0%
    Beat

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 27, 2024|
    Revenue: $80.91M+24.3%
    |
    EPS: $-0.31-444.4%
    Miss