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Jun 30, 2025
Blue Foundry Q2 2025 Earnings Report
Blue Foundry Bancorp reported a reduced net loss in Q2 2025, driven by net interest margin expansion and stable expenses.
Key Takeaways
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.
Net loss improved to $2.0 million in Q2 2025, down from $2.7 million in Q1 2025 and $2.3 million in Q2 2024.
Net interest margin expanded by 12 basis points to 2.28% compared to the linked quarter, and by 32 basis points compared to Q2 2024.
Total loans increased by $47.4 million to $1.67 billion, and deposits grew by $29.1 million to $1.42 billion compared to the linked quarter.
The company continued its strategy of diversifying its loan portfolio, with significant increases in consumer, commercial real estate, and construction loans.
Revenue by Segment
Forward Guidance
Blue Foundry Bancorp anticipates continued balance sheet and interest income growth, driven by its strategy of diversifying the loan portfolio towards higher-yield asset classes and attracting core commercial deposits.
Positive Outlook
- Continued net interest margin expansion is expected due to improvements in asset yields and cost of liabilities.
- Diversification of the loan portfolio towards higher-yield and better risk-adjusted return asset classes.
- Focus on attracting full banking relationships, particularly with commercial customers, is expected to drive core deposit growth.
- Strategic efforts are positioning the company for sustained balance sheet growth.
- Anticipated growth in interest income.
Challenges Ahead
- Inflation and changes in interest rates could reduce margins and yields, or increase loan defaults.
- General economic conditions, including potential recessionary conditions, could be worse than expected.
- Changes in the level and direction of loan delinquencies and write-offs could negatively impact financial results.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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