This quarterly report represents an earnings surprise of 42.11%. A quarter ago, it was expected that this company would post a loss of $0.20 per share when it actually produced a loss of $0.13, delivering a surprise of 35%. Blue Foundry Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $10.11 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 4.54%. This compares to year-ago revenues of $11.29 million. The company has topped consensus revenue ...

Blue Foundry Bancorp is the holding company for Blue Foundry Bank, a place where things are made, purpose is formed, and ideas are crafted. Headquartered in Rutherford NJ, with a presence in Bergen, Essex, Hudson, Middlesex, Morris, Passaic, Somerset and Union counties, Blue Foundry Bank is a full-service, innovative bank serving the doers, movers, and shakers in our communities. We offer individuals and businesses alike the tailored products and services they need to build their futures. With a rich histor ...

James D. Nesci, President and Chief Executive Officer, commented, "Deposit growth continued in the second quarter despite the highly competitive environment in our market area. We remain focused on growing the commercial loan portfolios and saw increases in commercial real estate and construction lending." Commenting on the recent appointment of John F. Kuntz to the Board of Directors, Mr. Nesci remarked, "We are delighted to welcome Mr. Kuntz to Blue Foundry's Board of Directors. His years of combined lega ...

Kenneth Grimbilas, Chairman, stated, "We are very pleased to have Mr. Kuntz join Blue Foundry's Board of Directors. His extensive knowledge and experience in financial, legal and operational matters will provide additional perspective and depth to the organization. His experience with charitable foundations will also prove to be instrumental at Blue Foundry." Mr. Kuntz previously served as General Counsel and Corporate Secretary of Provident Financial Services, Inc., the public holding company of Provident ...

RUTHERFORD, N.J., July 23, 2024 (GLOBE NEWSWIRE) -- Blue Foundry Bancorp (Nasdaq: BLFY) (the "Company"), announced today the appointment of John F. Kuntz, Esq. as a Director of both the Company and its subsidiary, Blue Foundry Bank, effective immediately. Kenneth Grimbilas, Chairman, stated, "We are very pleased to have Mr. Kuntz join Blue Foundry's Board of Directors. His extensive knowledge and experience in financial, legal and operational matters will provide additional perspective and depth to the orga ...

RUTHERFORD, N.J., July 10, 2024 (GLOBE NEWSWIRE) -- Blue Foundry Bancorp (NASDAQ: BLFY) (the "Company"), the holding company for Blue Foundry Bank, announced that on the morning of Wednesday, July 24, 2024 it will release financial results for the quarter ended June 30, 2024. A copy of the earnings release will be available on the Company's website, https://ir.bluefoundrybank.com/, in the "News" section and on the SEC's website, https://www.sec.gov/. Representatives of the Company will hold a conference cal ...

SECURITIES AND EXCHANGE COMMISSION FORM 10-Q For the quarterly period ended March 31, 2024 Commission File Number 001-40619 (201) 939-5000 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter per ...

Company Participants During the quarter, we grew deposits by $46 million. This growth was driven by the execution of our strategic initiatives and resulted in a reduction in our loan-to-deposit ratio by 500 basis points. Continued deposit growth will allow us to generate interest earning assets and expand revenue while maintaining an appropriate amount of leverage. Given our strategy to become a more commercially oriented institution, we have been selected in originating real estate loans while building our ...

Blue Foundry Bancorp (BLFY) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $0.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 35%. A quarter ago, it was expected that this company would post a loss of $0.14 per share when it actually produced a loss of $0.13, delivering a surprise of 7.14%.Over the last four quarters, the company has surpass ...

Exhibit 99.1 FOR IMMEDIATE RELEASE RUTHERFORD, NJ, April 24, 2024 — Blue Foundry Bancorp (NASDAQ:BLFY) (the "Company"), the holding company for Blue Foundry Bank (the "Bank"), today reported a net loss of $2.8 million, or $0.13 per diluted common share, for the three months ended March 31, 2024, compared to net loss of $2.9 million, or $0.13 per diluted common share, for the three months ended December 31, 2023, and a net loss of $1.2 million, or $0.05 per diluted common share, for the three months ended Ma ...