The Federal Reserve Board on Thursday announced its approval of the application by Fulton Financial Corporation, of Lancaster, Pennsylvania, to acquire Blue Foundry Bancorp and thereby indirectly acquire Blue Foundry Bank, both of Rutherford, New Jersey. For media inquiries, please email [email protected] or call (202) 452-2955. ...

Core Insights - The discussion highlights the appeal of FDIC insurance among small depositors, emphasizing the importance of digital engagement for banks to retain customers [1] - The conversation also points to the ongoing trend of mergers and acquisitions (M&A) in the banking sector, driven by the need for digital capabilities and the integration of AI technologies [1] Company Insights - North Shore Trust & Savings Bank, now NSTS Bancorp, is identified as a small bank with a high equity to asset ratio of 29 and trades at 70% of tangible book value, making it an attractive investment opportunity [2][3] - RBB Bancorp, a Korean bank based in Los Angeles, is trading at 77% of book value, offering a 3% dividend and maintaining a 12 equity to asset ratio, indicating potential value for investors [4]

Core Viewpoint - Blue Foundry Bancorp will release its financial results for the third quarter of 2025 on October 29, 2025, and will hold a conference call to discuss these results with investors and analysts [1][2]. Financial Results Announcement - The financial results for the quarter ended September 30, 2025, will be available on the Company's website and the SEC's website [1]. - A conference call for investors and analysts is scheduled for October 29, 2025, at 11:00 AM (ET) to discuss the earnings [2]. Conference Call Details - Participants are encouraged to pre-register for the webcast call, and upon registration, they will receive confirmation and a calendar invitation [3]. - Dial-in information is provided for those unable to join via webcast, including toll-free and local numbers [4]. Company Overview - Blue Foundry Bancorp is the holding company for Blue Foundry Bank, which has a history of over 145 years and serves various counties in New Jersey [4]. - The bank offers tailored products and services to individuals and businesses, focusing on community engagement and support [4].

Core Viewpoint - Blue Foundry Bancorp will release its financial results for the second quarter of 2025 on July 30, 2025, and will hold a conference call to discuss these results with investors and analysts [1][2]. Group 1: Financial Results Announcement - The financial results for the quarter ended June 30, 2025, will be available on the Company's website and the SEC's website [1]. - A conference call for investors and analysts is scheduled for July 30, 2025, at 11:00 AM (ET) to discuss the earnings [2]. Group 2: Conference Call Details - Participants are encouraged to pre-register for the webcast call to receive confirmation and calendar invitations [3]. - Dial-in options are available for those unable to join via webcast, with specific numbers provided for both U.S. and international participants [4]. Group 3: Company Overview - Blue Foundry Bancorp is the holding company for Blue Foundry Bank, which has a history of over 145 years and serves various counties in New Jersey [4]. - The bank focuses on providing tailored products and services to individuals and businesses, emphasizing its commitment to customers and communities [4].

Core Points - Blue Foundry Bancorp reported a net loss of $2.7 million, or $0.13 per diluted common share, for Q1 2025, consistent with the previous quarter and slightly improved from a net loss of $2.8 million in Q1 2024 [1][34]. Financial Performance - The net interest margin increased by 27 basis points to 2.16%, driven by improved yields on assets and reduced costs of liabilities [2][12]. - Interest income for the quarter was $22.7 million, up by $928 thousand, or 4.3%, compared to the previous quarter [6]. - Interest expense decreased by $343 thousand, or 2.8%, to $12.0 million compared to the linked quarter [6]. Loan and Deposit Growth - Total loans increased by $42.2 million to $1.63 billion, with significant growth in commercial real estate and consumer portfolios [4][22]. - Deposits rose by $43.9 million to $1.39 billion, with increases in NOW and demand accounts and time deposits [7][22]. Asset Quality - The non-performing asset ratio was 0.27%, with non-performing loans totaling $5.7 million, or 0.35% of total loans [28][36]. - The allowance for credit losses on loans was 0.81% of gross loans, with a provision for credit losses of $201 thousand recorded for Q1 2025 [28][36]. Capital Position - Tangible book value per share increased to $14.81, and the company maintained a strong capital position [2][28]. - Shareholders' equity decreased by $5.5 million to $326.7 million, primarily due to share repurchases [28].

Core Points - Blue Foundry Bancorp will release its financial results for the quarter ended March 31, 2025, on April 30, 2025 [1] - A conference call for investors and analysts will be held on the same day at 11:00 AM (ET) to discuss the earnings [2] - Participants are encouraged to pre-register for the webcast call [3] Company Overview - Blue Foundry Bancorp is the holding company for Blue Foundry Bank, headquartered in Rutherford, NJ, with a presence in several counties [4] - The bank offers tailored products and services to individuals and businesses, emphasizing its commitment to the community [4] - Blue Foundry Bank has a history of over 145 years, highlighting its longstanding dedication to customers [4]