---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-032751"
form_type: "8-K"
ticker: null
cik: "0001846017"
company_name: "Blue Foundry Bancorp"
filed_at: "2024-07-24T23:59:59+00:00"
generated_at: "2026-05-31T17:05:57.335393+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-032751
- form_type: 8-K
- cik: 0001846017
- company_name: Blue Foundry Bancorp
- filed_at: 2024-07-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1846017/000162828024032751/0001628280-24-032751-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1846017/000162828024032751/blue-20240723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-032751
- JSON: https://secwatch.observer/filing/0001628280-24-032751.json
- Plain text: https://secwatch.observer/filing/0001628280-24-032751.txt

## Key facts
- Executive change
  John Kuntz was appointed as Director at Blue Foundry Bancorp.
  - Action: appointed
  - Role: Director
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1846017/000162828024032751/0001628280-24-032751-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.