earnings
confidence high
sentiment negative
materiality 0.55
Blue Foundry Bancorp Q2 2025 net loss narrows to $2.0M; loans and deposits grow
Blue Foundry Bancorp
2025-Q2 EPS reported
-$0.23
- Net loss of $2.0M ($0.10/diluted share) vs. $2.7M ($0.13) in Q1 2025 and $2.3M ($0.11) in Q2 2024.
- Loans increased $47.4M to $1.67B; deposits up $29.1M to $1.42B; core deposits up $25.2M linked quarter.
- Net interest margin expanded 12 bps to 2.28%; interest income up $725k, interest expense down $171k.
- Provision for credit losses was $463k, primarily due to off-balance-sheet commitments.
- Book value per share $14.88; tangible book value per share $14.87.
item 2.02item 9.01