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Blue Foundry Bancorp  (BLFY)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $9.0000 $0.25 2.857%
Day's High: $9.01 Week Perf: 0.78 %
Day's Low: $ 8.66 30 Day Perf: -0.55 %
Volume (M): 173 52 Wk High: $ 10.80
Volume (M$): $ 1,555 52 Wk Avg: $9.29
Open: $8.66 52 Wk Low: $7.08



 Market Capitalization (Millions $) 210
 Shares Outstanding (Millions) 23
 Employees -
 Revenues (TTM) (Millions $) 48
 Net Income (TTM) (Millions $) 1
 Cash Flow (TTM) (Millions $) -5
 Capital Exp. (TTM) (Millions $) 5

Blue Foundry Bancorp
Blue Foundry Bancorp is a community bank holding company based in New Jersey, United States. It operates through its subsidiary, Blue Foundry Bank, which offers a range of banking and financial services to individuals, businesses, and non-profit organizations.

Blue Foundry Bancorp focuses on providing personalized banking solutions and building relationships with its customers. It offers various types of deposit accounts, loans, mortgages, and other financial products. The bank also provides online and mobile banking services to enhance customer convenience.

Blue Foundry Bancorp aims to support the growth and development of the communities it serves by investing in local businesses and participating in community development initiatives. It prides itself on being a trusted and reliable financial partner that understands the unique needs of its customers.

Overall, Blue Foundry Bancorp is a community-focused bank holding company that strives to deliver quality banking services and contribute to the prosperity of the communities it serves.


   Company Address: 19 Park Avenue, Rutherford, 7070 NJ
   Company Phone Number: 939-5000   Stock Exchange / Ticker: NASDAQ BLFY
   BLFY is expected to report next financial results on March 29, 2024.


   

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Blue Foundry Bancorp

Blue Foundry Bancorp Faces Tough Quarter: Revenue Plunges and Losses Deepen


Date: October 25, 2023
Blue Foundry Bancorp (NASDAQ:BLFY) experienced a challenging third quarter of 2023 earnings season, marked by a decline in revenue and an increase in losses per share. The company's net loss per share worsened to $-0.06 from $0.05 compared to the previous year, while revenue fell by -27.08% to $10.96 million from $15.03 million a year before.
In contrast, Q2 showed a slight decline in revenue by -1.624% from $11.14 million, but an improvement in the loss per share, which was recorded as $-0.08 per share. However, the third quarter results were disappointing, as the company posted a net deficit of $0.000 million, in sharp contrast to a net income of $2.605 million reported in the comparable reporting period a year before.

Blue Foundry Bancorp

Blue Foundry Bancorp Reports Decline in Earnings and Revenue for Q2 2023, Raising Investor Concerns

Blue Foundry Bancorp is a company that experienced a shortfall in earnings during the second quarter of the 2023 earnings season. The company reported a shortfall per share of -$0.08, compared to $0.00 in the same period the previous year. This represents a decline in earnings and may raise concerns among investors.
Furthermore, the company also saw a decline in revenue for the second quarter of 2023. Revenue declined by -14.691% to $11.14 million, compared to $13.06 million in the same period the previous year. Additionally, revenue deteriorated sequentially by -10.484% from $12.45 million.

Blue Foundry Bancorp

Blue Foundry Bancorp Takes a Hit: Revenues Plummet and Profits Soar in the Wrong Direction

Blue Foundry Bancorp, a financial institution operating in the United States, has experienced a significant decline in its revenues and profits in the most recent fiscal period. The company reported a net loss of $0.05 per share, which is a significant drop compared to the bottom line of $0.02 per share from the preceding year. Additionally, its revenues fell by almost 10 percent year-on-year, dropping from $13.60 million to $12.45 million.
This drop in revenue has been attributed to lower demand, which caused the company to struggle to balance its books in the latest reporting period. This situation is worrying for Blue Foundry Bancorp, as it may be challenging to recover from the losses incurred in such a difficult financial climate.






 

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