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Sep 30, 2021
Blue Foundry Q3 2021 Earnings Report
Blue Foundry Bancorp reported a net loss for the third quarter of 2021, which included one-time pre-tax expenses related to a pension withdrawal, a charitable contribution, and prepayment of borrowings.
Key Takeaways
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.
Reported a net loss of $14.97 million, or $0.68 per diluted common share, for the three months ended September 30, 2021.
Third quarter results include one-time pre-tax expenses of $19.6 million.
Total assets increased $81.8 million, or 4.2%, to $2.02 billion at September 30, 2021.
Net interest margin increased by 16 basis points to 2.15% for the quarter ended September 30, 2021, from 1.99% for the trailing quarter.
Forward Guidance
Blue Foundry has executed initiatives to ensure the long term stability and eventual profitability of the Company.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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