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.