Blue Foundry Bancorp Reports Third Quarter 2024 Results
Blue Foundry Bancorp (BLFY)
Company Research
Source: GlobeNewswire
RUTHERFORD, N.J., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Blue Foundry Bancorp (NASDAQ:BLFY) (the “Company”), the holding company for Blue Foundry Bank (the “Bank”), today reported a net loss of $4.0 million, or $0.19 per diluted common share, for the three months ended September 30, 2024, compared to net loss of $2.3 million, or $0.11 per diluted common share, for the three months ended June 30, 2024, and a net loss of $1.4 million, or $0.06 per diluted common share, for the three months ended September 30, 2023. James D. Nesci, President and Chief Executive Officer, commented, “The Company continues to maintain its strong capital position and access to liquidity. We executed on our share repurchase program and increased our tangible book value to $14.74 per share.” Mr. Nesci also noted, “Deposit growth continued in the third quarter. Increases in our construction and commercial and industrial portfolios drove loan growth during the third quarter as we remain focused on growing our com
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BLFY
News
- Blue Foundry Bancorp (NASDAQ: BLFY) had its price target raised by analysts at Keefe, Bruyette & Woods from $9.75 to $11.00. They now have a "market perform" rating on the stock.MarketBeat
- Blue Foundry Rewards Shareholders With New Share Repurchase Plan [Yahoo! Finance]Yahoo! Finance
- Blue Foundry Bancorp Announces Completion of Fourth Stock Repurchase Program and Adoption of Fifth Stock Repurchase Program [Yahoo! Finance]Yahoo! Finance
- Blue Foundry Bancorp Announces Completion of Fourth Stock Repurchase Program and Adoption of Fifth Stock Repurchase ProgramGlobeNewswire
- Blue Foundry Bancorp GAAP EPS of -$0.19, revenue of $9.48M [Seeking Alpha]Seeking Alpha
BLFY
Earnings
- 10/23/24 - Miss
BLFY
Sec Filings
- 11/14/24 - Form SC
- 11/13/24 - Form 10-Q
- 11/12/24 - Form 8-K
- BLFY's page on the SEC website