Blue Foundry Bancorp reported a net loss of $1.9 million for the third quarter of 2025, which was an improvement from the $2.0 million net loss in the previous quarter and $4.0 million net loss in the same period last year. The company experienced an expansion in its net interest margin to 2.34% and saw an increase in total loans to $1.71 billion and deposits to $1.49 billion.
Blue Foundry Bancorp reported a net loss of $2.0 million for the second quarter of 2025, an improvement from the $2.7 million net loss in the previous quarter and $2.3 million in the same period last year. The company saw an increase in loans and deposits, alongside an expanded net interest margin, indicating a positive trend in its financial performance.
Blue Foundry Bancorp reported a net loss of $2.8 million for Q1 2024. The quarter was marked by significant deposit growth and margin expansion, but also by increased interest expenses. The company repurchased over 532 thousand shares and increased its tangible book value per share.
Blue Foundry Bancorp reported a net loss of $2.9 million for the fourth quarter of 2023, compared to a net income of $562 thousand for the same period in 2022. The results were affected by unprecedented rate hikes, large bank failures, and a slowing economy. However, the company's capital levels and credit quality remained strong, and expenses were managed efficiently.
Blue Foundry Bancorp reported a net loss of $1.4 million for the third quarter of 2023, compared to a net loss of $1.8 million in the previous quarter and net income of $1.2 million in the same quarter of the previous year. The company focused on managing expenses and diversifying its lending franchise, with a decrease in non-interest expenses and growth in the commercial portfolio. The net interest margin decreased to 1.94%, and the company executed interest rate hedges to reduce sensitivity to interest rate changes.
Blue Foundry Bancorp reported a net loss of $1.8 million for the second quarter of 2023. The results were influenced by the inverted yield curve and a competitive rate environment, despite an increase in deposits and a decrease in non-interest expenses.
Blue Foundry Bancorp reported a net loss of $1.2 million for the first quarter of 2023, compared to a net income of $553 thousand for the same period last year. The results were affected by the competitive rate environment and increased non-interest expenses, although total loans grew by $40.9 million.
Blue Foundry Bancorp reported a net income of $562 thousand, or $0.02 per diluted common share, for the three months ended December 31, 2022. The quarter was highlighted by continued strong loan growth, with a 3.4% increase compared to the linked quarter. Total deposits increased by 1.8%, driven by growth in time deposits.
Blue Foundry Bancorp reported a net income of $1.2 million for Q3 2022, a significant improvement compared to the previous quarter and the net loss in the same quarter of the previous year. This positive performance was attributed to strong loan and core deposit growth, coupled with a continued focus on expense management.
Blue Foundry Bancorp reported a net income of $40 thousand for the second quarter of 2022. Gross loans grew by $94.3 million, or 7.1%, compared to the linked quarter, excluding Paycheck Protection Program (“PPP”) loans, led by commercial real estate products. Pre-provision net revenue was $529 thousand, an increase of $1.0 million compared to the prior quarter, and an increase of $2.3 million compared to the prior year quarter.
Blue Foundry Bancorp reported a net loss for Q4 2021, primarily due to a valuation allowance on deferred tax assets. However, the company saw an increase in net interest income and margin expansion during the quarter.
Blue Foundry Bancorp reported a net loss of $14.97 million for the third quarter of 2021. The results include one-time pre-tax expenses of $19.6 million. Total assets increased to $2.02 billion.
Blue Foundry Bancorp reported a net loss of $1.0 million for the second quarter of 2021, an improvement compared to a net loss of $16.7 million for the same period in 2020. The improvement was driven by a decrease in non-interest expenses. Total assets increased by $634.3 million to $2.58 billion, primarily due to cash received from the conversion to a stock holding company.