Blue Foundry Bancorp reports Q2 2024 net loss of $2.3M, deposits up 1.55%

Blue Foundry Bancorp

2024-Q2 EPS reported -$0.24

Net loss of $2.3M ($0.11 diluted EPS) vs $2.8M loss ($0.13) in prior quarter and $1.8M loss ($0.08) a year ago.
Deposits increased $20.0M (1.55%) from prior quarter; uninsured deposits ~12% of total.
Net interest margin improved 4 bps to 1.96%; provision release of $762K.
Tangible book value per share grew to $14.69; Company continued share repurchases.
John Kuntz appointed to Board of Directors, effective immediately; brings legal and operational expertise.

item 2.02 item 5.02 item 9.01

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Appointed

John Kuntz

Director

Blue Foundry Bancorp

Effective: 2024-07-23
Filed: July 24, 2024, 7:59 PM ET

On July 23, 2024 , John Kuntz, Esq. was appointed to the Boards of Directors of Blue Foundry Bancorp (the “Company”) and Blue Foundry Bank, effective immediately.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

John Kuntz was appointed as Director at Blue Foundry Bancorp.

Action: appointed
Role: Director

Exact text from the filing

On July 23, 2024 , John Kuntz, Esq. was appointed to the Boards of Directors of Blue Foundry Bancorp (the “Company”) and Blue Foundry Bank, effective immediately.

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Source: SEC EDGAR

accession 0001628280-24-032751

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