Blue Foundry Bancorp(BLFY) - 2023 Q2 - Earnings Call Transcript

Jim Nesci Expenses declined $689,000, largely driven by a reduction in compensation and benefit expense. This reduction was driven by a full quarter of sustained lower headcount and a reduction in variable compensation. We continue to explore opportunities to reduce our expense base. Additionally, while there were one-time items in operating expenses this quarter, they largely offset each other. Therefore, we expect operating expenses for the remainder of the year to remain relatively in line with the secon ...