secwatch.observer — SEC 8-K summary
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Issuer:     Blue Foundry Bancorp (—)
CIK:        0001846017
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001628280-24-032751
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1846017/000162828024032751/0001628280-24-032751-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1846017/000162828024032751/blue-20240723.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-032751

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